India Air Conditioner (AC) Market (2018-2024) | Outlook & Share, Report, Trend, Analysis, Forecast, industry

Market Forecast By Types (Window AC, Split AC, Floor Standing, Cassette AC, Packaged, Ducted / Ceiling Concealed, Centralized (Chiller, VRF/VRV, and AHU/FCU)), By Applications (Residential, Commercial Buildings & Retail, Government & Transportation, Hospitality and Others including Educational Building, Healthcare, Telecom and Manufacturing units), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape.

Product Code: ETC000528 Publication Date: Jul 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 115 No. of Figures: 54 No. of Tables: 9

Latest Development (2022) in India Air Conditioner (AC) Market

India no.1 Air Conditioner (ac) brand, Voltas recorded the growth triple-digit owing to the surging heat in the country. Scorching heatwave in the country and 49-degree Celsius temperature has surged the demand for Air conditioner (AC) in India.

India Air Conditioner (AC) Market Synopsis

India air conditioner (ac) Market report thoroughly covers the Indian air conditioner market by types, applications, and regions. The India air conditioner market outlook report provides an unbiased and detailed analysis of the India air conditioner market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders device and align market strategies according to the current and future market dynamics.

India Air Conditioner Market is anticipated to project substantial growth during the upcoming period on account of growing retail and hospitality sectors, rising construction activities across airports, metros, and new housing societies along with the increasing establishment of SMEs and commercial hubs fueled the growth of the India ac market. Additionally, growth in the construction market and increasing government spending on public infrastructure would further enhance India Air Conditioner Market Share forecast revenues over the coming years. Though the prices of air conditioners are increasing in India, however, companies are offering various kinds of schemes such as EMI and seasonal discounts which are attracting a middle-class population of the country.

The rising level of humidity and unfavorable environmental conditions are driving the India Air Conditioner Market Growth. The growing tourism and hospitality sector coupled with the strengthening of the IT and finance sector is adding to the development of the market. However, the high maintenance and initial cost of air conditioners is a restraining factor in the growth of the market. 

According to 6Wresearch, India air conditioner market size is projected to grow at a CAGR of 12.2% during 2018-2024. India's air conditioner market is highly competitive and fragmented with the presence of domestic, international, and unorganized market participants. Surging disposable income especially among the middle class is adding to the development of the Air Conditioner Market in India in 2018. 

India Air Conditioner (AC) Market (2018-2024) overview

Surging disposable income coupled with increasing temperature is driving the development of the market. Moreover, the air conditioner is now being accepted as a necessity instead of a luxury which is further enhancing the sale of air conditioners. Changing preferences of consumers along with the growing adoption of energy-efficient sources is proliferating the air conditioner market share. Increasing innovation of products by the manufacturers along with rising development of technology is providing lucrative opportunities for the growth of the market. The rising number of construction projects coupled with the expansion of the metro and establishment of smart buildings triggers the potential growth of the Air Conditioner Market in India. Surging population especially in urban areas and improvement in the standard of living is one of the key factors contributing to the development of the industry

AC Market in India is estimated to gain momentum in the coming timeframe backed by the rising installation in the growing industrial landscape. Not only, the residential and commercial sector but the retail sector is also gaining traction in the market owing to the increase in the expansion of the supermarkets and hypermarkets stores establishment with the growing urban population in the country simultaneously the demand for an air conditioners is also growing especially in summer season and is estimated to leave a positive impact over the India air conditioner market growth in the years ahead.

Market Analysis by Types

India AC market is broadly divided into seven segments, within that split air conditioner segment dominates the market and would continue to lead throughout the forecast period. The demand for these air conditioners is primarily grown in the residential market. The VRF/VRV segment is also gaining popularity in the market. In India, the Northern region has captured a major Air conditioner market share in India followed by the Southern and Western regions.

Market Analysis by Application

On the basis of application, the residential segment is expected to account for the highest growth during the upcoming years on account of increasing disposable income and the rising level of temperature and humidity driving the India Air Conditioner Market growth.

Key players in the Market

Some of the key players in India AC Market are:

  • Voltas Limited
  • Blue Star Limited 
  • LG Electronics India Pvt. Ltd. 
  • Panasonic India Private Limited
  • Samsung India Electronics Private Limited
  • Haier Appliances India Pvt Ltd. 

Key Highlights of the Report:

  • India Air Conditioner Market Overview
  • India Air Conditioner Market Outlook
  • Historical & Forecast data of India Ducted AC Market Revenue & Volume for the Period, 2014-2024F.
  • Historical & Forecast data of India Package AC Market Revenue & Volume for the Period, 2014-2024F.
  • India Air Conditioner Market Trends and Developments
  • India Air Conditioner Market Share, By Players 
  • India Air Conditioner Market Overview on Competitive Landscape
  • Company Profiles.
  • Historical & Forecast data of India Floor Standing AC Market Revenue & Volume for the Period, 2014-2024F.
  • Historical & Forecast data of India Cassette AC Market Revenue & Volume for the Period, 2014-2024F.
  • Historical & Forecast data of Global Air Conditioner Market for the Period, 2014-2024F.
  • India Air Conditioner Market Size and India Air Conditioner Market Forecast of Revenues for the Period, 2014-2024F.
  • Historical & Forecast data of India Window AC Market Revenue & Volume for the Period, 2014-2024F.
  • Historical & Forecast data of India Split AC Market Revenue & Volume for the Period, 2014-2024F.
  • Historical & Forecast data of India Centralized AC Market Revenue for the Period, 2014-2024F.
  • Historical & Forecast data of India Air Conditioner Market Revenue, By Applications for the period 2014-2024F.
  • Historical & Forecast data of India Air Conditioner Market Revenue, By Regions, for the period 2014-2024F.
  • India Air Conditioner Market Drivers and Restraints.
  • Strategic Recommendations.

Markets Covered:

The India Air Conditioner Market report provides a detailed analysis of the following market segments:

By Types:

  • Window AC
  • Split AC
  • Floor Standing
  • Cassette AC
  • Packaged
  • Ducted / Ceiling Concealed
  • Centralized
  • Chiller
  • VRF/VRV
  • AHU/FCU

By Applications:

  • Residential
  • Commercial Buildings & Retail
  • Government & Transportation
  • Hospitality
  • Others (Educational Building, Healthcare, Telecom, Manufacturing units, etc.)

By Regions:

  • Northern
  • Eastern
  • Western
  • Southern
Frequently Asked Questions About the Market Study: FAQs

1. How much growth is anticipated in the overall India Air Conditioner (AC) Market during 2018-2024?

India Air Conditioner (AC) Market is projected to grow at a CAGR of 12.2% during 2018-2024. 

2. Which segment based on type is anticipated to dominate in the overall India Air conditioner Market during the upcoming years?

The Split Air Conditioner segment is anticipated to dominate the overall India Air Conditioner Market. 

3. Which region has captured the overall India Air Conditioner Market Growth?

The northern region has captured the major share in India AC Market followed by the southern and western regions. 

4. What are the popular factors propelling the India Air Conditioner Market Growth?

Rising Construction activities across airports and metro, the increasing establishment of SMEs, and increasing spending on public infrastructure are adding to the growth of the market. 

5. Which segment is gaining popularity in the overall India AC Market?

By Type, VRF/VRV segment is gaining popularity in the overall India AC Market. 

1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. India Air Conditioner Market Overview
3.1 India Country Overview
3.2 India Air Conditioner Market Revenues, 2014-2024F
3.3 India Air Conditioner Market Revenue Share, By Types, 2017 & 2024F
3.4 India Air Conditioner Market Revenue Share, By Applications, 2017 & 2024F
3.5 India Air Conditioner Market Revenue Share, By Regions, 2017 & 2024F
3.6 India Air Conditioner Market - Industry Life Cycle 2017
3.7 India Air Conditioner Market Porter's Five Forces, 2017
4. India Air Conditioner Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. India Air Conditioner Market Market Trends
6. India Air Conditioner Market Overview, By Types, 2014-2024F
6.1 India Window Air Conditioner Market Revenues & Volume, 2014-2024F
6.2 India Split Air Conditioner Market Revenues & Volume, 2014-2024F
6.3 India Ducted Air Conditioner Market Revenues & Volume, 2014-2024F
6.4 India Packaged Air Conditioner Market Revenues & Volume, 2014-2024F
6.5 India Floor Standing Air Conditioner Market Revenues & Volume, 2014-2024F
6.6 India Cassette Air Conditioner Market Revenues & Volume, 2014-2024F
6.7 India Centralized Air Conditioner Market Revenues, 2014-2024F
6.7.1 India Centralized Air Conditioner Market Revenue Share, By Sub-Types 2017 & 2024
6.7.2 India Centralized Air Conditioner Market Revenue, By Sub-Types, 2014-2024F
7. India Air Conditioner Market Overview, By Applications, 2014-2024F
7.1 India Residential Air Conditioner Market Revenues, 2014-2024F
7.2 India Commercial Buildings & Retail Air Conditioner Market Revenues, 2014-2024F
7.3 India Government & Transportation Air Conditioner Market Revenues, 2014-2024F
7.4 India Hospitality Air Conditioner Market Revenues, 2014-2024F
7.5 India Other End User Applications Air Conditioner Market Revenues, 2014-2024F
8. India Air Conditioner Market Overview, By Regions, 2014-2024F
8.1 India Air Conditioner Market Revenues Northern Region, 2014-2024F
8.2 India Air Conditioner Market Revenues Southern Region, 2014-2024F
8.3 India Air Conditioner Market Revenues Eastern Region, 2014-2024F
8.4 India Air Conditioner Market Revenues Western Region, 2014-2024F
9. Key Performance Indicators
9.1 India Government Spending Outlook
9.2 Transportation Infrastructure Outlook
9.3 Infrastructure Outlook
10. India Air Conditioner Market Opportunity Assessment
10.1 India Air Conditioner Market Opportunity Assessment, By Types, 2024F
10.2 India Air Conditioner Market Opportunity Assessment, By Applications, 2024F
11. Competitive Landscape
11.1 India Window Air Conditioner Market Volume Share, By Company, 2017
11.2 India Split Air Conditioner Market Volume Share, By Company, 2017
11.3 India Ducted Air Conditioner Market Volume Share, By Company, 2017
11.4 India Packaged Air Conditioner Market Volume Share, By Company, 2017
11.5 India Floor Standing Air Conditioner Market Volume Share, By Company, 2017
11.6 India Cassette Air Conditioner Market Volume Share, By Company, 2017
11.7 India Centralized Air Conditioner Market Volume Share, By Company, 2017
11.8 Competitive Benchmarking, By Types
12. Company Profiles
12.1 Voltas Limited
12.2 Daikin Airconditioning India Pvt. Ltd.
12.3 Blue Star Limited
12.4 LG Electronics India Pvt. Ltd.
12.5 Carrier Midea India Private Limited
12.6 Mitsubishi Electric India Private Limited
12.7 Samsung India Electronics Ltd
12.8 Panasonic India Pvt. Ltd.
12.9 Havells India Limited (Lloyd)
12.10 Johnson Controls-Hitachi Air Conditioning India Limited
13. Strategic Recommendations
14. Disclaimer
List of Figures
1. India Air Conditioner Market Revenues, 2014-2024F ($ Billion)
2. India Air Conditioner Market Revenue Share, By Types, 2017 & 2024F
3. India Air Conditioner Market Revenue Share, By Applications, 2017 & 2024F
4. India Air Conditioner Market Revenue, By Regions, 2017 & 2024F
5. India Air Conditioner Market - Industry Life Cycle 2017
6. Growing Middle-Class Group in India, 2011-2025F (Million)
7. Capital Investments in Travel & Tourism Sector of India, 2014-2027F ($ Billion)
8. India Window Air Conditioner Market Revenues & Volume, 2014-2024F ($ Million, Thousand Units)
9. India Split Air Conditioner Market Revenues & Volume, 2014-2024F ($ Billion, Million Units )
10. India Ducted Air Conditioner Market Revenues & Volume, 2014-2024F ($ Million, Thousand Units)
11. India Packaged Air Conditioner Market Revenues & Volume, 2014-2024F ($ Million, Thousand Units)
12. India Floor Standing Air Conditioner Market Revenues & Volume, 2014-2024F ($ Million, Thousand Units)
13. India Cassette Air Conditioner Market Revenues & Volume, 2014-2024F ($ Million, Thousand Units)
14. India Centralized Air Conditioner Market Revenues, 2014-2024F ($ Million)
15. India Centralized Air Conditioner Market Revenue Share, By Sub-Types, 2017 & 2024F
16. India Residential Air Conditioner Market Revenues, 2014-2024F ($ Billion)
17. India Residential Supply and Sales Trend (Q1 2014- Q1 2017)
18. India Commercial Buildings & Retail Air Conditioner Market Revenues, 2014-2024F ($ Billion)
19. India Commercial office Space Supply and Sales Trend, 2009- 2019F (Million sq. ft.)
20. India Retail Space Supply and Sales Trend, 2009- 2019F (Million sq. ft.)
21. India Retail Market Revenues, 2014-2023F ($ Billion)
22. India IT Spending, 2013-2021 ($ Billion)
23. Total SMEs in India, 2013-2021 (Million)
24. India Retail Market Size, 2016-2020F (INR Lakh Crore)
25. India e-Tailing Market Size, 2016-2020F (INR Lakh Crore)
26. Gurugram New Office Supply, 2018-20F (Million sq. ft.)
27. Noida New Office Supply, 2018-20F (Million sq. ft.)
28. Delhi New Office Supply, 2018-20F (Million sq. ft.)
29. Bengaluru New Office Supply, 2018-20F (Million sq. ft.)
30. Mumbai New Office Supply, 2018-20F (Million sq. ft.)
31. Chennai New Office Supply, 2018-20F (Million sq. ft.)
32. Hyderabad New Office Supply, 2018-20F (Million sq. ft.)
33. Pune New Office Supply, 2018-20F (Million sq. ft.)
34. India Government & Transportation Air Conditioner Market Revenues, 2014-2024F ($ Million)
35. India Hospitality Air Conditioner Market Revenues, 2014-2024F ($ Million)
36. Direct Contribution of Travel and Tourism to India GDP ($ billion)
37. Top Hotel Brands in India In Terms of Inventory (Number of Rooms)
38. India Other End User Applications Air Conditioner Market Revenues, 2014-2024F ($ Million)
39. India Air Conditioner Market, By Regions, 2014-2024F ($ Billion)
40. India Actual Government Spending Vs Actual Government Revenues, 2015-2023F (INR Lakh Crore)
41. India Expected Government Budget Outlook, 2018 - 2019
42. Projected Infrastructure Investment in Railways, 2013 - 2032 (INR Thousand Crore)
43. Planned Metro Network Expansion - New Lines (km)
44. Upcoming Infrastructure Projects
45. India Air Conditioner Market Opportunity Assessment, By Types, 2024F
46. India Air Conditioner Market Opportunity Assessment, By Applications, 2024F
47. India Window Air Conditioner Market Volume Share, By Company, 2017
48. India Split Conditioner Market Volume Share, By Company 2017
49. India Ducted Air Conditioner Market Volume Share, By Company, 2017
50. India Package Conditioner Market Volume Share, By Company 2017
51. India Floor Standing Air Conditioner Market Volume Share, By Company, 2017
52. India Cassette Conditioner Market Volume Share, By Company, 2017
53. India Centralized Air Conditioner Market Volume Share, By Company, 2017
54. India Foreign Tourist Arrivals, 2016 - 2018 (Lakhs)
List of Tables
1. India Centralized Air Conditioner Market Revenues, By Sub-Types, 2014-2017 ($ Million)
2. India Centralized Air Conditioner Market Revenues, By Sub-Types, 2018E-2024F ($ Million)
3. India State-Wise Housing Requirement by 2022 (Million)
4. Upcoming Retail Sector Projects in India
5. Upcoming Airports in India
6. Expansion Plan for Hotels In India
7. Proposed Branded New Hotel Room Supply, FY2021 (Number of Rooms)
8. Healthcare Projects in India
9. India Tourism Sector Indicators, 2028F

Qatar Air Conditioner Market (2018-2024): Market Forecast By Types (Window, Split, Ceiling Concealed, Packaged, Free Standing, Cassette Type and Centralized), By Applications (Residential, Commercial & Retail, Government & Transportation, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Northern and Southern) and Competitive Landscape

Sudan & South Sudan Air Conditioner Market (2018-2024): Market Forecast By Product Type (Room AC (Window and Split), Ducted AC (Ceiling Concealed and Packaged), Ductless AC (Suspended, Floor Standing and Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial Buildings & Retail, Govt. & Transportation, Hospitality, Oil & Gas and Others), By Regions ( Northern, Western and Southern) and Competitive Landscape

Iraq Air Conditioner Market (2018-2024): Market Forecast By Product Type (Room AC (Window and Split), Ducted AC (Ceiling Concealed and Packaged), Ductless AC (Suspended, Floor Standing and Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial Buildings & Retail, Govt. & Transportation, Hospitality, Oil & Gas and Others), By Regions (Baghdad, Northern, Southern and Rest of Iraq) and Competitive Landscape

Ethiopia Air Conditioner Market (2018-2024): Market Forecast By Product Type (Room AC (Window and Split), Ducted AC (Ceiling Concealed and Packaged), Ductless AC (Suspended, Floor Standing and Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial Buildings & Retail, Govt. & Transportation, Hospitality, Oil & Gas and Others), By Regions (Northern, Western, Eastern and Southern) and Competitive Landscape

Pakistan Air Conditioner Market (2017-2023): Market Forecast By Type (Window AC, Split AC, Floor Standing, Cassette, Suspended, Packaged, Ceiling Concealed/ Ducted Split, Centralized, Chiller, VRF, AHU/FCU), By Applications (Residential, Commercial Buildings & Retail, Government & Transportation, Hospitality and Others), By Regions (Northern and Southern) and Competitive Landscape

Bahrain Air Conditioner Market (2017-23): Market Forecast By Type (Window AC, Split AC, Floor Standing, Cassette Type, Ducted Split/Ceiling Concealed, Packaged, and Centralized (Chiller, VRF, AHU/FCU, and Others)), By Applications (Residential, Healthcare, Commercial Buildings & Retail, Government & Transportation, Hospitality, Oil & Gas, and Others) and By Regions (Northern, Central, and Southern)

India Air Conditioner Market (2017-2023): Market Forecast by AC Types (Window AC, Split AC, Floor Standing, Cassette Type, Packaged, Ducted Split/Ceiling Concealed, Centralized (Chiller, VRF, and AHU/FCU)), Applications (Residential, Commercial & Retail Buildings, Government & Transportation, Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and Competitive Landscape

GCC Air Conditioner Market (2017-2023): Market Forecast by Air Conditioners Types (Window AC, Split AC, Ceiling Concealed/ Ducted Split, Packaged AC, Suspended AC, Floor Standing AC, Cassette AC, and Centralized AC (Chiller, VRF, Condensing Unit, and AHU/FCU)), Applications (Residential, Hospitality, Healthcare, Commercial Buildings & Retail, Government & Transportation, Oil & Gas, and Others) and Countries (Saudi Arabia, UAE, Oman, Qatar, Kuwait, and Bahrain)

GCC Air Conditioner Market (2016-2022): Market Forecast by Air Conditioners Types (Window AC, Split AC, Ducted Split AC, Packaged AC, Free Standing AC, Cassette AC, and Centralized AC), Applications (Residential, Hospitality, Retail, Commercial Offices, Government & Transportation and Others) and Countries (Saudi Arabia, UAE, Oman, Qatar, Kuwait, and Bahrain)

 
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