India Air Conditioners Market to Cross US$ 6 Billion by 2021
Increasing
urbanisation, growing purchasing power and changing climatic conditions
to drive India air conditioners
market through
2021
According to TechSci Research report, “India Air Conditioners Market By Product
Type, By End Use Sector, By Tonnage Capacity, By Top City Competition Forecast
& Opportunities, 2011–2021”, the air conditioners market
in India is anticipated to cross US$ 6 Billion by the end of 2021, On account
of extreme climatic conditions, rising disposable income, growing construction
activities in both commercial and residential sectors, coupled with various
government initiatives aimed at improving energy efficiency. Moreover,
implementation of energy efficiency labelling system and standardization for
air conditioners is expected to have a positive impact on the country’s air
conditioners market in the coming years.
Available Updated Report on India Air Conditioners Market 2013 – 2023 : https://www.techsciresearch.com/report/india-air-conditioners-market/3319.html
Browse 18
market data Tables and 76 Figures spread through 155 Pages and an
in-depth TOC on "India
Air Conditioners Market"
https://www.techsciresearch.com/report/india-air-conditioners-market-by-product-type-light-commercial-air-conditioners-chillers-vrfs-ductable-splits-others-by-end-use-sector-by-tonnage-capacity-below-2tr-2-10tr-etc-by-top-city-competition-forecast-opportunities/808.html
Air
conditioners market of any country across the globe is primarily dependent on
the construction and infrastructure sectors. During April 2000 – March 2016,
around USD24.19 billion were invested for the development of construction
industry in India. Moreover, the Government of India allocated around USD1
trillion for the infrastructural development of the country. Hence, backed by
booming construction sector and growing infrastructural development, the market
of air conditioners in the country is expected to register healthy growth rate during
2016-2021.
South region is the highest demand
generators for air conditioners in the country, and its dominance is expected
to continue during 2016 – 2021 as well. South region comprises of cities
such as Bengaluru and Chennai, which are considered as the IT Hubs of the
country, are developing, and the demand for air conditioners is increasing from
these areas. In 2015, light commercial air conditioners dominated
the India air conditioners market, followed by Chillers, VRF and Ductable
Splits.
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“Growing air conditioners market in India resulted in high
energy demand, increasing electricity bills and environment degradation, which
has ultimately resulted in increasing demand for environmental friendly
technologies. India aims to reduce its power consumption from air conditioning
segment by the implementation of “Energy Star Ratings” for air conditioners. With the introduction of HFC-32
and HC-290 room air conditioners, India is taking several measures to reduce
its emissions in atmosphere, and the country’s government proposed a HCFC
phase-out management plan. Hence, the demand for environment friendly air
conditioners is expected to grow at a robust pace over the next five years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Air Conditioners Market By Product
Type, By End Use Sector, By Tonnage Capacity, By Top City Competition Forecast
& Opportunities, 2011–2021” has evaluated the
future growth potential of India air conditioners market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyses the emerging trends along with essential drivers,
challenges and opportunities in India air conditioners market.
About TechSci Research
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Available Updated Report on India Air Conditioners Market 2013 – 2023 : https://www.techsciresearch.com/report/india-air-conditioners-market/3319.html