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 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 the publisher, 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.
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.
The report provides a detailed analysis of the following market segments:
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 the publisher, 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.
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
Table of Contents
1. Executive Summary4. India Air Conditioner Market - Impact Analysis of Covid 196. India Air Conditioner Market Trends and Evolution18. Key Strategic Recommendations19. Disclaimer
2. Introduction
3. India Air Conditioner Market Overview
5. India Air Conditioner Market Dynamics
7. India Room Air Conditioner Market Overview
8. India Ducted Air Conditioner Market Overview
9. India Ductless Air Conditioner Market Overview
10. India Centralized/ Applied Air Conditioner Market Overview
11. India Air Conditioner Market Overview, By Applications
12. India Air Conditioner Market Overview, By Regions
13. India Air Conditioner Market Import Vs. Domestic Manufacturing Analysis
15. India Air Conditioner Market - Opportunity Assessment
16. India Air Conditioner Market Competitive Landscape
17. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- 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 Apliances India Private Limited
- Hitachi India Private limited
