India Air Conditioner Market Outlook (2022-2028)

Market Forecast By Types (Room Air Conditioner (Window AC, Split AC), Ducted Air Conditioner (Ceiling Concealed AC, Unitary Packaged AC), Ductless Air Conditioner (Suspended AC, Floor Standing AC, Cassette AC), Centralized/ Applied Air Conditioner (AHU/FCU, Chiller, VRF & Other Components), By Applications (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, & Others (Industrial, Oil & Gas, etc.), By Sales Channels (Online, Offline), By VRF (Compressor (Air Cooled, Water Cooled), Component (Indoor, Outdoor, Control System and Accessories), Heat Pump Systems (Ground-source, Air-source, Absorption), Heat Recovery Systems, Applications (Residential, Commercial, Industrial)), By Regions (North Region, South Region, East Region, West Region) and Competitive Landscape

Product Code: ETC060824 Publication Date: Jun 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 135 No. of Figures: 53 No. of Tables: 28

India Air Conditioner market report thoroughly covers market by types, applications, VRF, sales channel and regions. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Air Conditioner Market Synopsis

India air conditioner market is growing at a significant rate over the past few years owing to the growing retail and hospitality sectors, rising construction activities across airports, metros and new housing societies along with increasing establishment of SMEs and commercial hubs. Additionally, growth in construction market and increasing government spending towards public infrastructure have further spurred the air conditioner market in the country.

India Air Conditioner Market Outlook (2022-2028)

The covid- 19 pandemic has negatively affected the air conditioners industry in terms of lower demand in the peak summer season, strict lockdowns disrupting the supply chain and rise in the prices of raw material because several manufacturers' airlifts component such as controllers, compressors and other materials from China, Thailand and Malaysia. However, companies are trying to balance the situation by offering various kind of schemes such as EMI and seasonal discounts which are attracting middle class population of the country to purchase the air conditioners.

According to 6Wresearch, India Air Conditioner Market revenue size is projected to grow at a CAGR of 16.1% during 2022-2028. India Air Conditioner market is highly competitive and fragmented with presence of domestic, international market participants. The market is broadly divided into four segments. Room air conditioners dominates the market across all the segments due to the strengthening of the residential sector, rising construction of new housing societies along with establishment of SMEs. Additionally, growth in number of construction projects across metro & tier-2 cities would further increase the demand for room air conditioners in the country in the coming years. In terms of market segment by room types, split air conditioners held the largest share both in revenue as well as in the volume in the year 2021 due to the reduction in the price gap in comparison to the window air conditioners and the rising adoption in residential and SME sector.

India Air Conditioner Market Outlook (2022-2028)

Market by Applications Analysis 

In terms of applications, Residential segment has captured 54.6% of the market revenue in 2021. Residential accounted for maximum revenue share in 2020 owing to Increasing urbanisation has been driving the development of modern residential and commercial complexes creating huge demand for air-conditioners. In commercial application, modern retail, hospitality industry and healthcare sector have been witnessing strong growth, increasing the demand for air-conditioning in the country.

Market by Types Analysis 

In terms of Types, Room air conditioners captured 63.9% of the market revenue in 2021. Room air conditioner dominated the overall air conditioner market revenues in India, majorly being driven the vast Indian population, urbanisation and increasing disposable income. The availability of wide product assortments within affordable ranges from prominent brands and attractive credit financing mechanisms along with government’s initiative to incentivise local manufacturing has been contributing to market growth in the country.

India Air Conditioner Market Outlook (2022-2028)

 Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Historical Data and Forecast of India Air Conditioner Revenues for the Period 2018-2028F
  • Historical Data and Forecast of India Air Conditioner Revenues, By Types for the Period 2018-2028F
  • Historical Data and Forecast of India Air Conditioner Revenues, By Applications for the Period 2018-2028F
  • Historical Data and Forecast of India Air Conditioner Revenues, By Sales Channels for the Period 2018-2028F
  • Historical Data and Forecast of India Air Conditioner Revenues, By Regions for the Period 2018-2028F
  • Historical Data and Forecast of India Air Conditioner Revenues, By VRF for the Period 2018-2028F
  • Market Drivers, Restraints and Trends
  • Market Trends and Industry Life Cycle
  • SWOT Analysis
  • Market Opportunity Assessment
  • Market Player’s Revenue Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Types
    • Room Air Conditioner
      • Window AC
      • Split AC
    • Ducted Air Conditioner
      • Ceiling Concealed AC
      • Unitary Packaged AC
    • Ductless Air Conditioner
      • Suspended AC
      • Floor Standing AC
      • Cassette AC
    • Centralized/ Applied Air Conditioner
      • AHU/FCU
      • Chiller
      • VRF
      • Other Components

  • By Applications
    • Residential
    • Healthcare
    • Commercial & Retail
    • Transportation & Infrastructure
    • Hospitality
    • Others (Industrial, Oil & Gas, etc.)

  • By Sales Channels
    • Online
    • Offline

  • By VRF
    • Compressor
      • Air Cooled
      • Water Cooled
    • Component
      • Indoor
      • Outdoor
      • Control System and Accessories
    • Heat Pump Systems          
      • Ground-source
      • Air-source
      • Absorption
    • Heat Recovery Systems
    • Applications
    • Residential
    • Commercial
    • Industrial

  • By Regions
    • North Region
    • South Region
    • East Region
    • West Region

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?
    The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
  • How much growth is expected in the India Air Conditioner market over the coming years?
    The India Air Conditioner market revenue is anticipated to record a CAGR of 7.4% during 2022-28.
  • Which segment has captured key share of the market?
    By applications, residential segment accounted for maximum revenue share in 2021 on account of rise in urbanisation and high disposable income.
  • Which segment is exhibited to gain traction over the forecast period?
    By Types, room air conditioner would record key growth throughout the forecast period 2022-28.
  • Who are key the key players of the market?
    The key players of the market include- Voltas Limited, Daikin Airconditioning India Pvt. Ltd., Havells India Limited (lloyd), Blue Star Limited, Panasonic India Pvt. Ltd., Carrier Midea India Pvt. Ltd., Fujitsu General India Pvt. Ltd., Mitsubishi Electric India Pvt. Ltd., Haier Appliances India Pvt. Ltd., Hitachi India Pvt. Ltd., LG Electronics India Pvt. Ltd., Samsung India Electronics Ltd
  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements.
  • We also want to have market reports for other countries/regions.
    6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

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 Air Conditioner Market Revenues, 2018-2028F

3.2. India Air Conditioner Market - Industry Life Cycle

3.3. India Air Conditioner Market - Value Chain Analysis

3.4. India Air Conditioner Market - SWOT Analysis

3.5. India Air Conditioner Market Revenue Share, By Types, 2021 & 2028F

3.6. India Air Conditioner Market Revenue Share, By Applications, 2021 & 2028F

3.7 India Air Conditioner Market Revenue Share, By Sales Channels, 2021 & 2028F

3.8. India Air Conditioner Market Revenue Share, By Regions, 2021 & 2028F

4. India Air Conditioner Market - Impact Analysis of COVID-19

5. India Air Conditioner Market Dynamics

5.1. Impact Analysis

5.2. Market Drivers

5.3. Market Restraints

6. India Air Conditioner Market Trends and Evolution

7. India Room Air Conditioner Market Overview

7.1. India Room Air Conditioner Market Revenues & Volume, 2018-2028F

7.2. India Room Air Conditioner Market Revenue & Volume Share, By Types, 2021 & 2028F

7.2.1 India Window Air Conditioner Market Revenues & Volume, 2018-2028F

7.2.2 India Split Air Conditioner Market Revenues & Volume, 2018-2028F

8. India Ducted Air Conditioner Market Overview

8.1. India Ducted Air Conditioner Market Revenues & Volume, 2018-2028F

8.2. India Ducted Air Conditioner Market Revenue & Volume Share, By Types, 2021 & 2028F

8.2.1 India Ceiling Concealed Air Conditioner Market Revenues & Volume, 2018-2028F

8.2.2 India Unitary Packaged Air Conditioner Market Revenues & Volume, 2018-2028F

9. India Ductless Air Conditioner Market Overview

9.1. India Ductless Air Conditioner Market Revenues & Volume, 2018-2028F

9.2. India Ductless Air Conditioner Market Revenue & Volume Share, By Types, 2021 & 2028F

9.2.1 India Suspended Air Conditioner Market Revenues & Volume, 2018-2028F

9.2.2 India Floor Standing Air Conditioner Market Revenues & Volume, 2018-2028F

9.2.3 India Cassette Air Conditioner Market Revenues & Volume, 2018-2028F

10. India Centralized/ Applied Air Conditioner Market Overview

10.1. India Centralized/ Applied Air Conditioner Market Revenues & Volume, 2018-2028F

10.2. India Centralized/ Applied Air Conditioner Market Revenue & Volume Share, By Components, 2021 & 2028F

10.2.1 India AHU/FCU Market Revenues and Volume, 2018-2028F

10.2.2 India Chiller Market Revenues and Volume, 2018-2028F

10.2.3 India VRF Market Revenues and Volume, 2018-2028F

10.2.4 India Other Components Market Revenues, 2018-2028F

11. India Air Conditioner Market Overview, By Applications

11.1. India Air Conditioner Market Revenues, By Residential Application, 2018-2028F

11.2. India Air Conditioner Market Revenues, By Healthcare Application, 2018-2028F

11.3. India Air Conditioner Market Revenues, By Commercial & Retail Application, 2018-2028F

11.4. India Air Conditioner Market Revenues, By Transportation & Infrastructure Application, 2018-2028F

11.5. India Air Conditioner Market Revenues, By Hospitality Application, 2018-2028F

11.7. India Air Conditioner Market Revenues, By Other Applications, 2018-2028F

12. India Air Conditioner Market Overview, By Sales Channels

12.1. India Air Conditioner Market Revenues, By Online Channel, 2018-2028F

12.2. India Air Conditioner Market Revenues, By Offline Channel, 2018-2028F

13. India Air Conditioner Market Overview, By VRF

13.1 India VRF Air Conditioner Market Overview, By Compressor

13.1.1 India VRF Air Conditioner Market Revenues, By Air-Cooled, 2018-2028F

13.1.2 India VRF Air Conditioner Market Revenues, By Water-Cooled, 2018-2028F

13.2 India VRF Air Conditioner Market Overview, By Components

13.2.1 India VRF Air Conditioner Market Revenues, By Indoor Units, 2018-2028F

13.2.2 India VRF Air Conditioner Market Revenues, By Outdoor Units, 2018-2028F

13.2.3 India VRF Air Conditioner Market Revenues, By Control System and Accessories, 2018-2028F

13.3 India VRF Air Conditioner Market Overview, By System Types

13.3.1 India VRF Air Conditioner Market Revenues, By Heat Pump System, 2018-2028F

13.3.1.1 India VRF Air Conditioner Heat Pump System Market Revenue Share, By Types, 2020 & 2028F

13.3.1.2 India VRF Air Conditioner Market Revenues, By Ground-source, 2018-2028F

13.3.1.3 India VRF Air Conditioner Market Revenues, By Air-source, 2018-2028F

13.3.1.4 India VRF Air Conditioner Market Revenues, By Absorption, 2018-2028F

13.3.1.5 India VRF Air Conditioner Market Revenues, By Heat Recovery System, 2018-2028F

13.4 India VRF Air Conditioner Market Overview, By Applications

13.4.1 India VRF Air Conditioner Market Revenues, By Residential Application, 2018-2028F

13.4.2 India VRF Air Conditioner Market Revenues, By Industrial Application, 2018-2028F

13.4.3 India VRF Air Conditioner Market Revenues, By Commercial Application, 2018-2028F

13.5 India VRF Air Conditioner Market Overview, By Regions

13.5.1 India VRF Air Conditioner Market Revenues, By Northern Region, 2018-2028F

13.5.2 India VRF Air Conditioner Market Revenues, By Southern Region, 2018-2028F

13.5.3 India VRF Air Conditioner Market Revenues, By Western Region, 2018-2028F

13.5.4 India VRF Air Conditioner Market Revenues, By Eastern Region, 2018-2028F

14. India Air Conditioner Market Overview, By Regions

14.1. India Air Conditioner Market Revenues and Volume, By Northern Region, 2018-2028F

14.2. India Air Conditioner Market Revenues and Volume, By Southern Region, 2018-2028F

14.3. India Air Conditioner Market Revenues and Volume, By Eastern Region, 2018-2028F

14.4. India Air Conditioner Market Revenues and Volume, By Western Region, 2018-2028F

15. India Air Conditioner Market Import Vs. Domestic Manufacturing Analysis

15.1. India Air Conditioner Market - Import Vs. Domestic Manufacturing Analysis

15.2. India Domestic Manufactured Air Conditioner Market, 2018-2028F

16. India Air Conditioner Market - Key Performance Indicators

17. India Air Conditioner Market Overview, By Star Rating

18. India Air Conditioner Market Overview, By Tonnage

19. India Air Conditioner Market Overview, By BLDC Unit vs Normal AC Unit

20. India Air Conditioner Market Overview, By Manufacturing VS Import Company Wise

21. India Air Conditioner Market- Consumer Analysis

22. India Air Conditioner Market Overview, By Top 10 States

23. India Air Conditioner Market - Opportunity Assessment

23.1. India Air Conditioner Market Opportunity Assessment, By Types, 2028F

23.2. India Air Conditioner Market Opportunity Assessment, By Applications, 2028F

23.3. India Air Conditioner Market Opportunity Assessment, By Sales Channels, 2028F

23.4. India Air Conditioner Market Opportunity Assessment, By Regions, 2028F

24. India Air Conditioner Market Competitive Landscape

24.1. India Air Conditioner Market Volume Share, By Companies, 2021

24.2. India Air Cooler Market Competitive Benchmarking, By Technical Parameters

24.3. India Air Cooler Market Competitive Benchmarking, By Operating Parameters

25. Company Profiles

25.1. Voltas Limited

25.2. Daikin Airconditioning India Pvt. Ltd.

25.3. Havells India Limited (Lloyd)

25.4. Blue Star Limited

25.5. Panasonic Pvt. Ltd.

25.6. Carrier Midea India Pvt. Ltd.

25.7. Fujitsu Genera India Pvt. Ltd.

25.8. Mitsubishi Electric India Pvt. Ltd.

25.9. Haier Appliances India Pvt. Ltd.

25.10. Hitachi India Pvt. Ltd.

25.11. LG Electronics India Pvt. Ltd.

25.12. Samsung India Electronics Pvt. Ltd.

26. Key Strategic Recommendations

27. Disclaimer

List of Figures

1. Czech Republic Semiconductor Market Revenues and Volume, 2018-2028F ($ Million, Metric Tons)

2. Czech Republic Semiconductor Market Revenue Share, By Components, 2021 & 2028F

3. Czech Republic Semiconductor Market Revenue Share, By Applications, 2021 & 2028F

4. Czech Republic Internet Penetration, 2017-2020 (% of Population)

5. Czech Republic Automotive Sales, By Type, 2017-2020

6. Czech Republic Total Automotive Sales, 2017-2020

7. IoT Semiconductor Stack Diagram

8. Silicon Metal Prices, 2017-2020 (US Cent /Pound)

9. Czech Republic Memory Devices Market Revenues, 2018-2028F ($ Million)

10. Czech Republic Logic Devices Market Revenues, 2018-2028F ($ Million)

11. Czech Republic Analog IC Market Revenues, 2018-2028F ($ Million)

12. Czech Republic MPU Market Revenues, 2018-2028F ($ Million)

13. Czech Republic Discreate Power Devices Market Revenues, 2018-2028F ($ Million)

14. Czech Republic MCU Market Revenues, 2018-2028F ($ Million)

15. Czech Republic Others Component Market Revenues, 2018-2028F ($ Million)

16. Czech Republic Networking & Communications Semiconductor Market Revenues, 2018-2028F ($ Million)

17. Czech Republic Data Processing Semiconductor Market Revenues, 2018-2028F ($ Million)

18. Czech Republic Industrial Semiconductor Market Revenues, 2018-2028F ($ Million)

19. Czech Republic Consumer Electronics Semiconductor Market Revenues, 2018-2028F ($ Million)

20. Czech Republic Automotive Semiconductor Market Revenues, 2018-2028F ($ Million)

21. Czech Republic Government Market Revenues, 2018-2028F ($ Million)

22. Czech Republic Semiconductor Import, 2016-2020 ($)

23. Czech Republic Semiconductor Export, 2016-2020 ($)

24. Czech Republic Manufacturing Value Added, 2015-2020 ($ Billion)

25. Czech Republic Manufacturing Value Added Annual Growth Rate, 2015-2020 (in %)

26. Czech Republic Annual Vehicle sales, By Type 2015-2020 (Units)

27. Czech Republic Annual Vehicle Sales Growth Rate, 2015-2020 (in %)

28. Czech Republic ICT Investment , By Type 2015-2020 ($ Billion)

29. Czech Republic ICT Equipment Investment Growth Rate, 2015-2020 (in %)

30. Czech Republic Semiconductor Market Opportunity Assessment, By Components, 2028F

31. Czech Republic Semiconductor Market Opportunity Assessment, By Applications, 2028F

32. Czech Republic Semiconductor Market Company Rankings, By Companies, 2021

Thailand Air Conditioner Market (2019-2025): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Malaysia Air Conditioner Market (2019-2025): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Singapore Air Conditioner Market (2020-2026): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Indonesia Air Conditioner Market (2019-2025): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Philippines Air Conditioner Market (2020-2026): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Vietnam Air Conditioner Market (2020-2026): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Sri Lanka Air Conditioner Market (2019-2025): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Bangladesh Air Conditioner Market (2019-2025): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Cambodia Air Conditioner Market (2020-2026): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Myanmar Air Conditioner Market (2020-2026): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Australia Air Conditioner Market (2019-2025): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

North America Air Conditioner (AC) Market (2019-2025): Market Forecast By AC Types (Room AC, Window AC, Split AC, Ducted AC, Packaged AC, Ceiling Concealed AC, Ductless AC, Suspended Type AC, Cassette AC, Floor Standing AC, Centralized AC, AHU/ FCU, Chiller/ VRF, and Others), By Verticals (Residential, Commercial & Retail, Hospitality, Industrial, Government & Transportation, and Others), By Countries (the United States, Canada and Rest of North America) and Competitive Landscape.

Latin America Air Conditioner Market (2019-2025): Market Forecast By AC Types (Room AC, Window AC, Split AC, Ducted AC, Packaged AC, Ceiling Concealed AC, Ductless AC, Suspended Type AC, Cassette AC, Floor Standing AC, Centralized AC, AHU/ FCU, Chiller/ VRF, and Others), By Verticals (Residential, Commercial & Retail, Hospitality, Industrial, Government & Transportation, and Others), By Countries (Mexico, Brazil, Argentina and Rest of Latin America) and Competitive Landscape.

Europe Air Conditioner Market (2020-2026): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Countries (United Kingdom, Italy, Germany, France, Spain & Rest of Europe) and Competitive Landscape

Asia Pacific (APAC) Air Conditioner (AC) Market (2019-2025): Market Forecast By Types (Room AC (Window & Split), Ducted AC (Ceiling Concealed & Packaged), Ductless AC (Suspended, Floor Standing & Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller and Others), By Verticals (Residential, Commercial Building & Retail, Govt. & Transportation, Hospitality, Oil &  Gas and Others), By Countries (Indonesia, Malaysia, India, China, Japan, Australia, Thailand and Rest of Asia Pacific) and  Competitive Landscape.

Middle East Air Conditioner Market (2020-2026): Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Countries (Oman, Qatar, UAE, Bahrain, Kuwait & Rest of Middle East) and Competitive Landscape

Africa Air Conditioner Market (2019-2025): Market Forecast By Countries (Egypt, Algeria, Nigeria, South Africa, Ethiopia, Kenya, Tunisia, and Sudan & South Sudan), By Types (Room AC (Window and Split), Ducted AC (Ceiling Concealed and Rooftop Packaged), Ductless AC (Cassette, Floor Standing, and Ceiling Suspended), Centralized AC (VRF, AHU/FCU, Chiller, Condensing Unit and Others including Evaporator Coils and Compressor)), By Applications (Residential, Commercial Offices & Retail, Healthcare, Transport, Hospitality and Others including Education and BFSI) and Competitive Landscape

 

Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Product Code: ETC060824 Publication Date: May 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 101 No. of Figures: 37 No. of Tables: 14

India Air Conditioner Market report comprehensively covers the market by types, applications and regions. The market report provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Air Conditioner Market Synopsis

India Air Conditioner Market witnessed a significant growth rate over the past few years owing to the 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. Additionally, the growth in the construction market and increasing government spending towards public infrastructure would further spur the air conditioner market in the country in the coming years.

The COVID-19 pandemic has negatively affected the air conditioners industry in terms of lower demand in the peak summer season, strict lockdowns disrupting the supply chain, and rise in the prices of raw material as several manufacturers airlift components such as controllers, compressors, and other materials from China, Thailand, and Malaysia. However, companies are trying to balance the situation by offering various kinds of schemes such as EMI and seasonal discounts which are attracting the middle-class population of the country to purchase air conditioners.

According to 6Wresearch, India Air Conditioner Market size is projected to grow at CAGR of 10.7% during 2021-27.  The air conditioner market in India is highly competitive and fragmented with the presence of domestic, international, and unorganized market participants. The market is broadly divided into four segments. Room air conditioners dominate the AC market share across all the segments due to the strengthening of the residential sector, rising construction of new housing societies along with the establishment of SMEs. Additionally, growth in the number of construction projects across metro & tier-2 cities would further increase the demand for room air conditioners in the country in the coming years. In terms of market segment by room types, the split ACs held the largest share within the room air conditioner market in both in the revenue as well as in the volume share in the year 2020 due to the changing preferences of the consumers towards adopting the energy-efficient products and their rising adoption in residential and SME segments.

India Air Conditioner Market

Market Analysis by Type

Based on types, room air conditioners captured the largest market revenue share in 2020, owing to the increasing income levels, rising standard of living and urbanization. The growth in the room air conditioner market is majorly driven by the split ACs which held the majority share due to the changing preferences of the consumers towards adopting the energy-efficient products and their rising adoption of these type of ACs in residential and SME segments and the commercial spaces.

Market Analysis by Applications

Based on the applications, the residential sector accounted for the highest revenue share in the India air conditioner market registering more than 50% in the overall market revenues in 2020, followed by commercial and retail sectors. The increasing number of residential complexes and business parks in tier 1 and tier 2 cities, changing standard of living, rising rural development along with upcoming government-funded residential projects-Housing for All, Pradhan Mantri Awas Yojana (PMAY) and others would fuel the demand for air conditioners in the country over the coming years.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Air Conditioner Market Overview.
  • India Air Conditioner Market Outlook.
  • India Air Conditioner Market Forecast.
  • Historical Data and Forecast of India Air Conditioner Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of Market Revenues, By Types for the Period 2017-2027F
  • Historical Data and Forecast of Market Revenues, By Applications for the Period 2017-2027F
  • Historical Data and Forecast of Market Revenues, By Regions for the Period 2017-2027F
  • Market Drivers, Restraints
  • India Air Conditioner Market Trends
  • Industry Life Cycle
  • SWOT Analysis
  • Market Opportunity Assessment
  • India Air Conditioner Market Share, By Companies
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Product Types:
    • Window AC
    • Split AC
    • Ceiling Concealed AC
    • Unitary Packaged AC
    • Suspended AC
    • Floor Standing AC
    • Cassette AC
    • AHU/FCU
    • Chiller
    • VRF
    • Other Components
    • Room Air Conditioner
    • Ducted Air Conditioner
    • Ductless Air Conditioner
    • Centralized/ Applied Air Conditioner
  • By Applications:
    • Residential
    • Healthcare
    • Commercial & Retail Application
    • Transportation & Infrastructure
    • Hospitality
    • Others (Industrial, Oil & Gas, etc.)
  • By Regions:
    • North Region
    • South Region
    • East Region
    • West Region

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
  • How much growth is expected in the India Air Conditioner over the coming years?
    The India Air Conditioner revenue is anticipated to record a CAGR of 10.7% during 2021-27.
  • Which segment has captured key share of the market?
    Room air conditioner has dominated the market revenues led by the growing demand of the product in cold storage industry.
  • Which segment is exhibited to gain traction over the forecast period?
    Residential sector would record key growth throughout the forecast period 2021-27.

  • Who are key the key players of the market?
    The key players of the market include- Voltas Limited, Daikin Airconditioning India Private Limited, Havells India Limited (Lloyd), Blue Star Limited, Panasonic, Carrier Midea India Private Limited, Fujitsu Genera India Private Limited, Mitsubishi Electric India Private Limited, Haier Appliances India Private Limited, Hitachi India Private limited

  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements
  • We also want to have market reports for other countries/regions.
    6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

Other Key Reports Available:

  • Japan Air Conditioner Market (2021-2027F)
  • China Air Conditioner Market (2021-2027F)
  • Australia Air Conditioner Market (2021-2027F)

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