Onset of early summer with sudden rise of temperature in most parts of India has given a big boost to Air conditioner (ACs), inverters, generators and air coolers with demand estimated to be going up between 35-45 per cent this season as compared to last year, an ASSOCHAM survey has indicated.
In all the major cities, the demand for AC has seen a sharp pick up in the last three weeks with the trend growing up by the day, as heat and dust goes up, particularly in northern, western and eastern parts of the country. According to the market survey based on feedback from the retailers and distribution chain, the ACs market is expected to increase by 40-45% this year. The apprehensions of deficient rains because of possible El Nino would add to the demand for the electric gadgets including the power back up devices like generators and inverters, reveals the ASSOCHAM latest paper.
Seizing the opportunity, the consumer finance companies are offering tempting offers claiming zero interest options, adding to the demand surge, the survey noted.
In bigger markets and well off areas, the demand for split air conditioners is witnessing a sharp rise , though the base remains low. The survey noted that the customer is lot more conscious about energy saving devices thanks to high cost of electricity. With the increase in demand for electricity and peak hour shortages still seen in several states like UP, Punjab, Haryana, Rajasthan, Tamil Nadu, Karnataka, among others, the demand for the power back up devices like invertors and generators is expected to rise by 20-25 per cent this summer over the same period last year. Such devices are in more in demand in tier-II and tier-III cities.