Leading Companies in the Air Coolers Market - Strengths & Weaknesses
The global air coolers market is witnessing significant growth and is poised to record a substantial increase of US$ 3.03 billion by 2030 up from US$ 1.47 billion in 2023, at a compound annual growth rate (CAGR) of 10.9% during the forecast period. This expansion is fueled by rising needs for energy-saving cooling technologies and innovations in the sector.
Key Players in the Air Coolers Market Landscape
The air coolers segment remains in firm hand with Symphony Limited. Symphony, headquartered in Ahmedabad, India, was established in 1988 and operates in more than 60 countries around the world. Furnace manufacturers create the best energy-efficient, innovative, and eco-friendly cooling solutions for the residential, commercial, and industrial markets.
Bajaj Electricals Limited, an arm of the prestigious Bajaj Group, is one of the leading companies in all things air coolers. Established in 1938, Bajaj is based in Mumbai, India, and is known for providing high-quality air coolers with effective cooling solutions. With its robust distribution network and post-sales service, the firm has cemented its position as a major player in the sector.
Another top competitor in the air coolers space is Voltas Limited The tech giant has consistently innovated and improved its products to capture a larger share of the market. They are also the makers of the latest Smart Portable Evaporative Coolers, their FreshAir Coolers range, which was launched in April 2023 and comes equipped with smart controllers, mosquito repellent technology, and efficient operation.
A wide range of innovative air coolers from Havells India Ltd. has consolidated its position in the category. You are not supposed to export your data after October 2023.
The top five list is completed with Orient Electric Limited, which has a growing presence in the air coolers segment. The company has constantly been increasing its product range with smart, energy-efficient air coolers suited for varied consumer requirements.
Request for free sample Report: https://www.maximizemarket...
Cases of Mergers and Acquisitions in Recent Times
Transactions in air coolers have been few and far between among the top players in recent months. For now, this is market in which analysts are predicting that, as competition continues to heat up and the market grows, alliances and acquisitions will become the order of the day as companies look to shore up their technology and geographic footprint.
This Week in the Markets
Over the past few months, the air coolers market has seen a myriad of technological advancements and product innovations. Stylish indoor, outdoor well, small and limited space options by Voltas, which makes incredible 7 hour timer ideal for interference free sleep, pop-up LCD display, 4 sided padding for best cooling results, mosquito repellent technology save you from the trouble of mosquito entering air, the fresh air cooler is available for INR 11,490 and comes with smart controllers to help you maintain the right levels of humidity, for customers to ensure it is absolutely energy efficient with turbo air cooling up-to maximum level.
For instance, in July 2023, Dubai-based provider Al-Futtaim ACE launched a new line of air coolers tailored to resist the extreme temperatures of the Middle East region, underscoring the high global demand for specialized cooling solutions.
One such recent policy development from June 2023 was reported in the Canadian province of British Columbia, which implemented a new plan to protect residents during extreme heat emergencies that set aside US$ 10 million for BC Hydro to expand its energy conservation assistance program to include publicly funded compact air conditioners for free.
Investment and Funding
The data describes the future business model but does not provide specific information on new funding or investments for the companies listed. Investor interest in such solutions has been growing driven by the urgency towards energy-efficient, environmentally friendly cooling solutions amidst the rising demand for alternatives to conventional air conditioning systems.
The market is growing at a CAGR of 10.9% by now and Experts expect to see increased investment in R&D, manufacturing capabilities, and distribution networks among the major players to retain edge in this quickly changing market.
The global air coolers market is witnessing significant growth and is poised to record a substantial increase of US$ 3.03 billion by 2030 up from US$ 1.47 billion in 2023, at a compound annual growth rate (CAGR) of 10.9% during the forecast period. This expansion is fueled by rising needs for energy-saving cooling technologies and innovations in the sector.
Key Players in the Air Coolers Market Landscape
The air coolers segment remains in firm hand with Symphony Limited. Symphony, headquartered in Ahmedabad, India, was established in 1988 and operates in more than 60 countries around the world. Furnace manufacturers create the best energy-efficient, innovative, and eco-friendly cooling solutions for the residential, commercial, and industrial markets.
Bajaj Electricals Limited, an arm of the prestigious Bajaj Group, is one of the leading companies in all things air coolers. Established in 1938, Bajaj is based in Mumbai, India, and is known for providing high-quality air coolers with effective cooling solutions. With its robust distribution network and post-sales service, the firm has cemented its position as a major player in the sector.
Another top competitor in the air coolers space is Voltas Limited The tech giant has consistently innovated and improved its products to capture a larger share of the market. They are also the makers of the latest Smart Portable Evaporative Coolers, their FreshAir Coolers range, which was launched in April 2023 and comes equipped with smart controllers, mosquito repellent technology, and efficient operation.
A wide range of innovative air coolers from Havells India Ltd. has consolidated its position in the category. You are not supposed to export your data after October 2023.
The top five list is completed with Orient Electric Limited, which has a growing presence in the air coolers segment. The company has constantly been increasing its product range with smart, energy-efficient air coolers suited for varied consumer requirements.
Request for free sample Report: https://www.maximizemarket...
Cases of Mergers and Acquisitions in Recent Times
Transactions in air coolers have been few and far between among the top players in recent months. For now, this is market in which analysts are predicting that, as competition continues to heat up and the market grows, alliances and acquisitions will become the order of the day as companies look to shore up their technology and geographic footprint.
This Week in the Markets
Over the past few months, the air coolers market has seen a myriad of technological advancements and product innovations. Stylish indoor, outdoor well, small and limited space options by Voltas, which makes incredible 7 hour timer ideal for interference free sleep, pop-up LCD display, 4 sided padding for best cooling results, mosquito repellent technology save you from the trouble of mosquito entering air, the fresh air cooler is available for INR 11,490 and comes with smart controllers to help you maintain the right levels of humidity, for customers to ensure it is absolutely energy efficient with turbo air cooling up-to maximum level.
For instance, in July 2023, Dubai-based provider Al-Futtaim ACE launched a new line of air coolers tailored to resist the extreme temperatures of the Middle East region, underscoring the high global demand for specialized cooling solutions.
One such recent policy development from June 2023 was reported in the Canadian province of British Columbia, which implemented a new plan to protect residents during extreme heat emergencies that set aside US$ 10 million for BC Hydro to expand its energy conservation assistance program to include publicly funded compact air conditioners for free.
Investment and Funding
The data describes the future business model but does not provide specific information on new funding or investments for the companies listed. Investor interest in such solutions has been growing driven by the urgency towards energy-efficient, environmentally friendly cooling solutions amidst the rising demand for alternatives to conventional air conditioning systems.
The market is growing at a CAGR of 10.9% by now and Experts expect to see increased investment in R&D, manufacturing capabilities, and distribution networks among the major players to retain edge in this quickly changing market.
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