Monday 20 May 2019 ,
Latest News
HC seeks reports on Rooppur nuke plant irregularities | Opposition could be stronger if Fakhrul would join parliament: Quader | Khaleda’s health condition ‘dangerous’: BNP | Opposition could be stronger if Fakhrul would join parliament: Quader | Govt wants economical development of country : PM | BNP names Barrister Rumeen for woman’s parliamentary seat | SC to clarify its circular over media reporting: Anisul | Cabinet reshuffled for quality works: Quader |
14 May, 2019 08:37:55 AM

Print

AC sales up as mercury rises

MD Habibulla, Dhaka
AC sales up as mercury rises

Hasnatul Karim, an employee of a private firm, who lives in Rampura area, bought an air-conditioner (AC) by borrowing from a friend, with the sweltering summer heat becoming unbearable in the past few days.

“I was not prepared to buy an air-conditioner at this juncture but the summer heat wave forced me to pick up a 1.5-tonne capacity AC,” said Karim on Thursday.

“However, I was caught in a sudden financial crisis after buying the AC. It will take me a few more months to tide over the crunch,” he added.  

Another such buyer, Ariful Islam, a resident of Malibagh area, explained that as some companies are offering to exchange older ACs with brand-new ones, he came to exchange his old item with a new one.

“I had made plans to buy a brand-new AC In the hot season.

When I saw the exchange offer, I came to exchange the item,” he said.

Sales of ACs and air coolers have risen in the market among the city’s residents as the heat wave has had a massive impact across the country.

According to market insiders, this year they expect that the sales of ACs will cross the previous all-time record to more than Tk. 4,000 crore, or more than seven lakh units. The size of the market for ACs stood at Tk. 3,500 crore last year. The demand for ACs has increased by about 20 per cent on an annual average, said market players.

However, traders target the home-use customers in April and May, when 80 per cent of cooling appliances are usually sold, said market insiders.

Data from the International Energy Agency, an inter-governmental organisation based in Paris, showed sales of ACs rose about 50 per cent in Bangladesh during 2015–16.

As temperatures became extreme, most shops fulfilled their sales target last week. They expect to exceed their targets.

Bangabandhu National Stadium Market, the biggest marketplace for electronic appliances in Dhaka, is now abuzz with buyers seeking air-conditioners and other cooling appliances.

Currently, around 25 local and foreign companies sell different types of air-conditioners in the growing local market, with the demand rising disproportionately every year.

Local companies have a 40 per cent market share in the AC market, while the rest is accounted for by foreign companies, according to market insiders.

Rasel Ahmed, the branch manager of Rangs Industries Ltd, told The Independent that in this era, air-conditioners are no longer a luxury product. “As prices have come down over the years, even middle-class people can afford to get some comfort.”

“We are making different types of offers with the brand new ACs, and exchange offers with older ones. AC sales have increased by more than 20 per cent compared to the previous year,” he said.

“Buyers prefer inverters, which save 50 to 60 per cent electricity. They are also more interested in buying 1.5-tonne air conditioners, though the cooling capacity of a particular AC depends on the size of the room where it has been installed,” said Aslam Hossain, branch manager of Singer Executive.

He said most buyers prefer to buy ACs between Tk. 60,000 and Tk. 70,000.

An official of Samsung, the global brand, said the company recorded 200 per cent growth in AC sales in 2018, and they hope to cross the target this year.

With the summer months in mind, companies are also offering zero-interest, six to 12 months’ instalment schemes, cashback offers, special discounts, exchange offers and gifts to give a fillip to their sales.

KK

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 50.5%
No 45.6%
No Comment 3.9%
Video

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting