India Room Air Conditioner (AC) Market (2023-2029) | Outlook, Forecast, Analysis, Size, Industry, Growth, Share, Revenue, Companies, Trends & Value
Market Forecast By Types (Window AC, Split AC), By Capacity (Less Than 1 Ton, 1 To 2 Ton, Above 2 Ton), By Applications (Residential, Commercial, Industrial), By Regions (Northern, Southern, Eastern, Western) And Competitive Landscape
| Product Code: ETC001782 | Publication Date: Dec 2023 | Updated Date: Dec 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 4 | |
Topics Covered in the India Room Air Conditioner Market
India Room Air Conditioner (AC) Market report thoroughly covers the market by type, capacity, application, and by region. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Latest (2024) Development of the India Room Air Conditioner (AC) Market
India Room Air Conditioner (AC) Market has seen remarkable growth, driven by rising temperatures and an increasing demand for energy-efficient cooling solutions. There is a noticeable shift towards smart ACs equipped with IoT capabilities that enable remote control, predictive maintenance, and energy management. Consumers are increasingly opting for eco-friendly refrigerants and advanced inverter technologies that offer significant energy savings and reduced greenhouse gas emissions.
Technological advancements, such as AI-based climate control and voice-activated operations, are gaining popularity among tech-savvy users. Government initiatives promoting energy efficiency and the introduction of stringent energy rating norms have further spurred innovation and competition among key market players. Consequently, leading brands are aggressively investing in R&D to develop high-performance models that align with consumer preferences for sustainability and smart home integration.
India Room Air Conditioner Market Synopsis
As summer temperatures soar across India, the demand for room air conditioners is steadily rising. Furthermore, ever-increasing urbanization, rising disposable income, and a growing middle-class population are the major growth proliferating factors of the market. The continuous improvement in the standard of living, increasing awareness about climate change, and the need for energy-efficient appliances are some of the significant drivers propelling the India Room Air Conditioner Market growth.
According to 6Wresearch, the India Room Air Conditioner Market size is expected to grow at a CAGR of 9.1% during the forecast period 2023-2029. The India Room Air Conditioner Market is thriving due to the growing trend of smart homes and the growing usage of mobile devices. The rise in the availability of electricity, coupled with the increase in income levels, has enabled more people to afford room air conditioners. The expanding middle-class population and urbanization have boosted construction activities, leading to increased demand for air conditioners in residential and commercial spaces.
The consumer's need for energy-efficient and eco-friendly appliances has led to the popularity of inverter ACs, which reduce energy consumption and increase savings. The government's push towards digital India has resulted in the availability of better air conditioning solutions, making it more affordable for the middle class. However, the high initial cost of air conditioners is a challenge for many consumers coupled with the cost of electricity for running these units is relatively high, which may discourage some people from purchasing these appliances. Nevertheless, the smart homes trend has emerged in the India Room Air Conditioner industry, where consumers can connect with their air conditioners through their mobile devices. The growing digitization of India has resulted in the introduction of AI and Wi-Fi-enabled ACs, which have become increasingly popular. The trend towards healthier living, sustainable living, and eco-friendly appliances has led to the development of ACs that use green technology.
Government Initiatives introduced in the India Room Air Conditioner Market
The Bureau of Energy Efficiency (BEE) has developed a rating system for air conditioners called the Indian Seasonal Energy Efficiency Ratio (ISEER) to ensure eco-friendly and energy-efficient AC manufacturing. Under the government's Atmanirbhar Bharat initiative, manufacturers are encouraged to produce ACs locally to reduce costs and promote domestic jobs. Additionally, the government has launched some policies to reduce the consumption of refrigerants that cause environmental harm.
Key Players in the India Room Air Conditioner Market
The India Room Air Conditioner Market is highly competitive, with the existence of several major players operating in the market. LG, Samsung, Daikin, Voltas, and Haier are the leading players in the market, with a combined market share of over 50%. The competition is based on product quality, energy efficiency, innovation, and pricing. Many local manufacturers are also coming up with cost-effective and sustainable products in the market to address the growing environmental concern.
Market Analysis by Type
According to Dhaval, Research Manager, 6Wresearch, mini-split air conditioners are the most popular because of their affordability and ease of installation. It is essential to consider the size of the room or building, the budget, and your specific needs before investing in an air conditioner.
Market Analysis by Application
In terms of application, the residential application segment still dominates the India Room Air Conditioner Market share due to rising population income levels. On the other side, the commercial and transportation sectors are estimated to surge the ACs demand in the country with rising infrastructural development and increased consumer spending.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Room Air Conditioner Market Outlook
- Market Size of India Room Air Conditioner Market, 2022
- Forecast of India Room Air Conditioner Market, 2029
- Historical Data and Forecast of India Room Air Conditioner Revenues & Volume for the Period 2019 - 2029
- India Room Air Conditioner Market Trend Evolution
- India Room Air Conditioner Market Drivers and Challenges
- India Room Air Conditioner Price Trends
- India Room Air Conditioner Porter's Five Forces
- India Room Air Conditioner Industry Life Cycle
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Types for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Window AC for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Split AC for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Capacity for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Less Than 1 Ton for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By 1 To 2 Ton for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Above 2 Ton for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Applications for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Residential for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Commercial for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By , Industrial for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Regions for the Period 2019 – 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Northern for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Southern for the Period 2019 – 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Eastern for the Period 2019 - 2029
- Historical Data and Forecast of India Room Air Conditioner Market Revenues & Volume By Western for the Period 2019 - 2029
- India Room Air Conditioner Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Capacity
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Regions
- India Room Air Conditioner Top Companies Market Share
- India Room Air Conditioner Competitive Benchmarking by Technical and Operational Parameters
- India Room Air Conditioner Company Profiles
- India Room Air Conditioner Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Types
- Window AC
- Split AC
By Capacity
- Less Than 1 Ton
- 1 To 2 Ton
- Above 2 Ton
- By Applications
- Residential
- Commercial
- Industrial
By Regions
- Northern
- Southern
- Eastern
- Western
India Room Air Conditioner (AC) Market (2023-2029): FAQs
The India Room AC market size is expected to grow at a CAGR of 9.1% during 2023-2023. The market growth is majorly attributed to increasing urbanization, higher disposable income, and growing demand for energy-efficient room ACs in the country.
The northern region of India, comprising states such as Delhi, Haryana, and Punjab, contributes the highest market share. The growth is influenced by urbanization, increasing middle-class population, and extreme summer temperatures.
With the rising prevalence of global warming and increasing temperatures, and Indian Government has launched initiatives, such as UJALA (Unnat Jyoti by Affordable LED for All) and Make in India, to promote energy-efficient appliances and boost domestic manufacturing in the country.
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 India Room Air Conditioner Market Overview |
| 3.1 India Room Air Conditioner Market Revenues & Volume, 2019-2029F |
| 3.2 India Room Air Conditioner Market Revenue Share, By Types, 2022 & 2029F |
| 3.3 India Room Air Conditioner Market Revenue Share, By Capacity, 2022 & 2029F |
| 3.4 India Room Air Conditioner Market Revenue Share, By Applications, 2022 & 2029F |
| 3.5 India Room Air Conditioner Market Revenue Share, By Regions, 2022 & 2029F |
| 3.6 India Room Air Conditioner Industry Life Cycle, 2022 |
| 3.7 India Room Air Conditioner Market Value Chain Analysis |
| 3.8 India Room Air Conditioner Market Porter’s Five Forces |
| 4 India Room Air Conditioner Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 India Room Air Conditioner Market Trends |
| 6 India Room Air Conditioner Market – Pricing Analysis |
| 7 India Room Air Conditioner Market Overview, By Types |
| 7.1 India Window Air Conditioner Market Revenues & Volume, 2019-2029F |
| 7.2 India Split Air Conditioner Market Revenues & Volume, 2019-2029F |
| 8 India Room Air Conditioner Market Overview, By Capacity |
| 8.1 India Room Air Conditioner Market Revenues, By Capacity, 2019-2029F |
| 8.1.1 India Window Air Conditioner Market Revenue Share, By Capacity, 2022 & 2029F |
| 8.1.1.1 India Window Air Conditioner Market Revenues, By Capacity, 2019-2029F |
| 8.1.2 India Split Air Conditioner Market Revenue Share, By Capacity, 2022 & 2029F |
| 8.1.2.1 India Split Air Conditioner Market Revenues, By Capacity, 2019-2029F |
| 9 India Room Air Conditioner Market Overview, By Applications |
| 9.1 India Residential Room Air Conditioner Market Revenues, 2019-2029F |
| 9.1.1. India Residential Room Air Conditioner Market Revenue Share, By Types, 2022 & 2029F |
| 9.1.2 India Residential Room Air Conditioner Market Revenues, By Types, 2019-2029F |
| 9.2 India Commercial Room Air Conditioner Market Revenues, 2019-2029F |
| 9.2.1 India Commercial Room Air Conditioner Market Revenue Share, By Types, 2022 & 2029F |
| 9.2.2 India Commercial Room Air Conditioner Market Revenues, By Types, 2019-2029F |
| 9.3 India Industrial Room Air Conditioner Market Revenues, 2019-2029F |
| 9.3.1 India Industrial Room Air Conditioner Market Revenue Share, By Types, 2022 & 2029F |
| 9.3.2 India Industrial Room Air Conditioner Market Revenues, By Types, 2019-2029F |
| 10 India Room Air Conditioner Market Overview, By Regions |
| 10.1 India Room Air Conditioner Market Revenues & Volume, By Regions, 2019-2029F |
| 10.2 India Window Air Conditioner Market Revenue & Volume Share, By Regions, 2022 & 2029F |
| 10.2.1 India Window Air Conditioner Market Revenues & Volume, By Regions, 2019-2029F |
| 10.2.1.1 India Northern Region Window Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 10.2.1.2 India Southern Region Window Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 10.2.1.3 India Eastern Region Window Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 10.2.1.4 India Western Region Window Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 10.3 India Split Air Conditioner Market Revenue Share & Volume, By Regions, 2022 & 2029F |
| 10.3.1 India Split Air Conditioner Market Revenues & Volume, By Regions, 2019-2029F |
| 10.3.1.1 India Northern Region Split Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 10.3.1.2 India Southern Region Split Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 10.3.1.3 India Eastern Region Split Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 10.3.1.4 India Western Region Split Air Conditioner Market Revenues & Volume, By Key States, 2019-2029F |
| 11 India Room Air Conditioner Market Overview, By Domestic Demand and Export Analysis |
| 11.1 Analysis of Room Air Conditioner Companies, By Domestic Demand, Volume, 2022 |
| 11.1.1 Window Air Conditioner Domestic Demand, By Companies, Volume, 2022 |
| 11.1.2 Split Air Conditioner Domestic Demand, By Companies, Volume, 2022 |
| 11.2 Analysis of Room Air Conditioner Companies, By Export Statistics, Volume, 2022 |
| 11.2.1 Window Air Conditioner Export Statistics, By Companies, Volume, 2022 |
| 11.2.2 Split Air Conditioner Export Statistics, By Companies, Volume, 2022 |
| 12 India Room Air Conditioner Market Overview, By Channel Types |
| 13 India Room Air Conditioner Market Government Initiatives and Regulations |
| 14 India Room Air Conditioner Market – Key Performance Indicators |
| 15 India Room Air Conditioner Market Opportunity Assessment |
| 15.1 India Room Air Conditioner Market Opportunity Assessment, By Types |
| 15.2 India Room Air Conditioner Market Opportunity Assessment, By Applications |
| 16 India Room Air Conditioner Market Competitive Landscape |
| 16.1 India Room Air Conditioner Market Competitive Benchmarking, By Technical Parameters |
| 16.2 India Room Air Conditioner Market Volume Share, By Types, By Company, 2022 |
| 17 Company Profiles |
| 17.1 Voltas Limited |
| 17.2 Daikin Airconditioning India Pvt. Ltd |
| 17.3 Blue Star Limited |
| 17.4 LG Electronics India Pvt. Ltd |
| 17.5 Carrier Midea India Pvt. Ltd |
| 17.6 Mitsubishi Electric India Pvt. Ltd |
| 17.7 Samsung India Electronics Ltd |
| 17.8 Panasonic India Pvt. Ltd |
| 17.9 Johnson Controls-Hitachi Air Conditioning India Limited |
| 17.10 Havells India Limited |
| 18 Key Strategic Recommendations |
| 19 Disclaimer |
Market Forecast By Types (Window AC, Split AC), By Capacity (Less Than 1 Ton, 1 To 2 Ton, Above 2 Ton), By Applications (Residential, Commercial, Industrial), By Regions (Northern, Southern, Eastern, Western) And Competitive Landscape
| Product Code: ETC001782 | Publication Date: Jan 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 90 | No. of Figures: 14 | No. of Tables: 8 |
India Room Air Conditioner Market report thoroughly covers the market by types, capacity, applications, and regions. India Room Air Conditioner Market report provides an unbiased and detailed analysis of the ongoing India Room Air Conditioner Market trends, opportunities/high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
India Room Air Conditioner Market Synopsis
India room air conditioner market would register healthy growth in the coming years on account of the strengthening of the residential sector, growing retail & hospitality sectors, rising construction activities across new housing societies along the establishment of SMEs & commercial hubs. Additionally, growth in the number of construction projects across all metro & tier-2 cities along with increasing government spending towards public infrastructures would further increase the demand for room air conditioners in the country in the coming years.
According to 6Wresearch, India room air conditioner market size is projected to grow at a CAGR of 12.5% during 2021-2027. The India room air conditioner market is highly competitive and also fragmented, with the presence of domestic, international, and unorganized market participants. The strengthening of the residential sector in India with multiple upcoming housing projects along with the growing purchasing power of the average Indian consumer would lead to an increase in demand for room air conditioners in the country. However, amid the coronavirus outbreak, it is anticipated that the year 2020 would be a challenging year for the air conditioning industry as several manufacturers would be airlifting components such as controllers, compressors, and other materials from China, Thailand, and Malaysia and the increased logistic cost would put pressure on input costs.
Market Analysis By Verticals
In terms of capacity, 1.5-ton room air conditioners exhibited the largest market revenue share in the overall room air conditioner market. The average size of the typical room in an Indian household makes them best suited to install air conditioners of the range of 1.5 tons. Further, development projects in the commercial sector such as the construction of new hospitals and malls across major cities in India would lead to the growth in demand for room air conditioners during the forecast period.
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 Room Air Conditioner Market Overview
- India Room Air Conditioner Market Outlook
- India Room Air Conditioner Market Forecast
- India Room Air Conditioner Market Size and India Room Air Conditioner Market Forecast Revenues and Volume until 2027F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Types, 2017-2020
- Market Size and Forecast of India Room Air Conditioner Market Revenues and Volume, By Types until 2027F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Capacity, 2017-2020
- India Room Air Conditioner Market Revenues and Volume Forecast, By Capacity until 2027F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Application, 2017-2020
- Market Size and Forecast of India Room Air Conditioner Market Revenues and Volume, By Application until 2027F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Regions, 2017-2020
- Market Size and Forecast of India Room Air Conditioner Market Revenues and Volume, By Regions until 2027F
- India Room Air Conditioner Market Trends
- Market Drivers and Restraints
- Porter's Five Force Analysis and Market Opportunity Assessment
- India Room Air Conditioner Market Share, By Players
- India Room Air Conditioner Market Overview on Competitive Benchmarking, By Types
- Competitive Landscape
- Company Profiles
- Strategic Recommendations
Market Scope and Segmentation
India room air conditioner market report covers a detailed analysis of the following market segments:
By Types
- Window AC
- Split AC
By Capacity
- Less than 1 Ton
- 1.5 Ton
- Above 2 Ton
By Applications
- Residential
- Commercial (Offices, Retail, Hospitality, Education, BFSI, Transportation)
- Industrial (Manufacturing, Food & Beverages)
By Regions
- Northern
- Southern
- Eastern
- Western
Market Forecast By Types (Window AC, Split AC), By Capacity (Less Than 1 Ton, 1 To 2 Ton, Above 2 Ton), By Applications (Residential, Commercial, Industrial), By Regions (Northern, Southern, Eastern, Western) And Competitive Landscape
| Product Code: ETC001782 | Publication Date: Jan 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 130 | No. of Figures: 42 | No. of Tables: 36 |
India room air conditioner market would register healthy growth in the coming years on account of the strengthening the residential sector, growing retail & hospitality sectors, rising construction activities across new housing societies along with the establishment of SMEs & commercial hubs. Additionally, growth in the number of construction projects across all metro & tier-2 cities along with increasing government spending towards public infrastructures would further increase the demand for room air conditioners in the country in the coming years.
According to 6Wreaserch, the India Room Air Conditioner Market size is projected to grow at a CAGR of 14.2% during 2020-26. India room air conditioner market is highly competitive and also fragmented, with the presence of domestic, international, and unorganized market participants. The strengthening of the residential sector in India with multiple upcoming housing projects along with the growing purchasing power of the average Indian consumer would lead to an increase in demand for room air conditioners in the country. However, amid the coronavirus outbreak, it is anticipated that the year 2020 would be a challenging year for the air conditioning industry as several manufacturers would be airlifting components such as controllers, compressors, and other materials from China, Thailand, and Malaysia and the increased logistic cost would put pressure on input costs.
By capacity, 1 to 2-ton room air conditioners exhibited the largest market revenue share in the overall room air conditioner market. The average size of the typical room in an Indian household makes them best suited to install air conditioners of the range 1 to 2 ton. Further, development projects in the commercial sector such as the construction of new hospitals and malls across major cities in India would lead to the growth in demand for room air conditioners during the forecast period.
The India Room Air Conditioner Market report thoroughly covers the market by types, by capacity, by applications, and by regions. India Room Air Conditioner Market report provides an unbiased and detailed analysis of the on-going India Room Air Conditioner Market trends, opportunities/high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
India room air conditioner market is expected to make serious headway in the foreseeable future on the back of increasing investment in the hospitality sector coupled with the better accommodation facility for tourists which is expected to accelerate the installation for air conditioners during the forecast period. Moreover, a rise in the household construction backed by the progressive growth of the real estate sector is anticipated to drive potential growth prospects for the India room air conditioner market in the upcoming six years and the timeframe thereafter. Additionally, an increase in the discretionary spending of the households and the vision of accepting a room air conditioner as more of a utility product rather than a luxury product is expected to spur the demand for the same in the coming years and is anticipated to leave a positive impact on the overall market growth of the India room air conditioner market in the coming timeframe.
Key Highlights of the Report:
- India Room Air Conditioner Market Overview
- India Room Air Conditioner Market Outlook
- India Room Air Conditioner Market Forecast
- India Room Air Conditioner Market Size and India Room Air Conditioner Market Forecast Revenues and Volume until 2026F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Types, 2016-2019
- Market Size and Forecast of India Room Air Conditioner Market Revenues and Volume, By Types until 2026F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Capacity, 2016-2019
- India Room Air Conditioner Market Revenues and Volume Forecast, By Capacity until 2026F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Application, 2016-2019
- Market Size and Forecast of India Room Air Conditioner Market Revenues and Volume, By Application until 2026F
- Historical Data of India Room Air Conditioner Market Revenues and Volume, By Regions, 2016-2019
- Market Size and Forecast of India Room Air Conditioner Market Revenues and Volume, By Regions until 2026F
- India Room Air Conditioner Market Trends
- Market Drivers and Restraints
- Porter's Five Force Analysis and Market Opportunity Assessment
- India Room Air Conditioner Market Share, By Players
- India Room Air Conditioner Market Overview on Competitive Benchmarking, By Types
- Competitive Landscape
- Company Profiles
- Strategic Recommendations
Markets Covered
India room air conditioner market report covers a detailed analysis of the following market segments:
- By Types
- Window AC
- Split AC
- By Capacity
- Less than 1 Ton
- 1 to 2 Ton
- Above 2 Ton
- By Applications
- Residential
- Commercial (Offices, Retail, Hospitality, Education, BFSI, Transportation)
- Industrial (Manufacturing, Food & Beverages)
- By Regions
- Northern
- Southern
- Eastern
- Western
Other Key Reports Available:
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