Increasing Residential Construction to Reflect Positively on China Air Coolers Market

Published: Nov 2020

China air coolers market is estimated to grow at a CAGR of 11.9% during the forecast period. Increasing residential construction is one of the crucial factors accelerating market growth. As per the National Bureau of Statistics of China, in 2019, the housing construction area of real estate development enterprises in China was 8,938.21 million square meters, which is a rise of 8.7% compared to 2018. The increasing housing construction will accelerate the adoption of home appliances, including air coolers that are compact in size and are suitable to cool small- to medium-sized rooms. Room coolers have slightly less capacity water tanks compared to outdoor coolers. Air coolers utilize clean, fresh air from the environment and support to keep windows open for better air circulation, however, ACs circulate stale air under a sealed room. 

Browse the full report description of "China Air Coolers Market Size, Share & Trends Analysis Report, By Type (Tower, Desert, and Others), By Application (Residential and Commercial) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/china-air-coolers-market

Air coolers feature low capita cost and 90% low recurring cost than ACs, with easy and cost-effective maintenance. This, in turn, is contributing to its significant adoption, primarily in residentials. Additionally, air coolers consume less electricity and can also work in low voltage areas, which results in significantly lower monthly electricity/power bills. Additionally, air coolers need low maintenance and offer potential environmental benefits with very low power consumption and no harmful chlorofluorocarbons (CFC) emissions. 

Symphony Ltd., Aolan (Fujian) Industry Co., Ltd, and Vankool Technology Co., Ltd. are some crucial players that operate in the country. Vankool Technology Co., Ltd. offers DC air coolers, household coolers, and commercial coolers. Its range of household coolers include VABW08-EQ, VABW06-EQ, VAB04-EQ, VAB025-EQ, VAB025-EQ2, and more. VAB025-EQ2 is a portable evaporative air cooler that features a motor with 100% copper coil, 4 side cooling pad, auto swing from left to right, and axial fan that ensures 5-7-meter-long air delivery. In addition, it offers a water shortage warning and protection. 

Scope of the China Air Coolers Market

Market Coverage

  • Market number available for 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- By Type and Application
  • Competitive Landscape- Symphony Ltd., Vankool Technology Co., Ltd., Aolan (Fujian) Industry Co., Ltd., and LG Electronics

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment dominates the market in the base year?
  • Which segment will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

China Air Coolers Market-Segmentation

By Type

  • Tower
  • Desert
  • Others

By Application

  • Residential
  • Commercial

To learn more about this report request a free sample copy @  https://www.omrglobal.com/request-sample/china-air-coolers-market