India Packaged Air Conditioners Market to Grow with a CAGR of 7.65% During the Forecast Period
The increase in
industrialization and the number of commercial buildings and the increasing temperature
globally will drive the India packaged air conditioners market in the forecast
years.
According to TechSci Research report, “India Packaged Air Conditioners Market – By Region,
Competition, Opportunities, and Forecast, 2018-2031F,” the India Packaged Air Conditioners Market
valued at USD324.98 million in 2022 and is forecast to register an impressive
CAGR of around 7.65% in the forecast period due to rapidly surging demand from
commercial and industrial sector. Rising temperatures, accelerated
industrialization, a booming construction sector, and an increase in government
programmes all contribute to the market's expansion. As a result of global
warming and rising need for cooling solutions, the market for packaged air conditioners
is predicted to expand steadily during the projected period.
Packaged air
conditioners are air conditioning systems that include all of their components
in a single unit. The majority
of a packaged HVAC system's components are located outdoors, so their noise
isn't as loud or unpleasant as it would be from a unit with an indoor air
handler. As the components of a packaged system are incorporated in single
device, the service of the unit can be done quickly and easily. There are two types
of packaged air conditioners used in the industry – air cooled packaged air conditioners
and water cooled air conditioner. In air cooled air conditioner the refrigerant
gets cooled by atmospheric air while in the water cooled packaged air
conditioner the refrigerant gets cooled by water which is supplied regularly. Daikin
Airconditioning India Private Limited offers rooftop packaged air conditioners
with air cooled condensers. The condenser of the refrigeration system in these
packaged ACs are cooled by atmospheric air.
The market has witnessed an
increase in demand for energy-efficient packaged air conditioners as a result
of rising global warming and growing environmental concerns by the government.
As a result, many companies are producing packaged air conditioners with
eco-friendly refrigerant, specifically R410A, which is safe for the environment
and has no potential to deplete the ozone layer, in order to support the cause.
Since it absorbs and releases heat
more effectively than other refrigerants, the refrigerant is also energy
efficient. As a result, companies and consumers are turning to these air
conditioners since they reduce operating and manufacturing expenses.
Moreover, air conditioners are being
transformed by corrosion protection, indoor air quality, protection from
voltage fluctuations, dual inverter technology with acoustic jacket, humidity
control using humid auto control and dry mode, copper condenser and anti-corrosive
hydrophilic bluefin, and many more. Companies like Hitachi, Daikin, and LG are
at the forefront of AC technology, having phased out old and ecologically
unfriendly technologies. For example, LG has stopped producing non-inverter
ACs, and Daikin, and Panasonic have phased out using R22 refrigerant.
Browse over 19 market
data Figures spread through 73 Pages and an in-depth TOC on "India Packaged Air Conditioners Market.”
The India Packaged Air
Conditioners market is segmented based on condenser type, end user,
distribution channel, region and competitive landscape. Based on condenser type
the market is segmented into air cooled packaged air conditioner and water
cooled packaged air conditioner. The air cooled packaged air conditioner
dominated the market due to the ease of operating.
Based on end user, the
market is segmented into industrial, hospitality, offices, others (education,
residential, malls, healthcare, etc.).
Key market players in the
India Packaged Air Conditioners market include:
- Blue Star
Limited
- Daikin
Airconditioning India Private Limited
- Voltas
Limited
- Carrier
Airconditioning & Refrigeration Limited
- Trane Technologies India Private Limited
- Lennox India Technology Centre
- Toshiba India Private Limited
- Singhsons
Refrigeration Private Limited
- Eakcon Systems Pvt. Ltd.
- LG
Electronics India Pvt. Ltd.
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“Over the coming years, the
market for packaged air conditioners in India is anticipated to expand significantly
as a result of an increase in residential and commercial development
driven by fast urban and economic development. The rise in demand for luxury goods due
to improving living standards are the key factors that will spur market growth
over the forecast period. Moreover, due to the large number of small businesses
where packaged units completely satisfy the cooling need, consumers are
choosing packaged air conditioners which will fuel the packaged air
conditioners market in India.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Packaged
Air Conditioners Market By Condenser Type (Air Cooled, Water Cooled), By End
User (Industrial, Hospitality, Offices, Others (Education,
Residential, Malls, Healthcare, etc.)), By Distribution Channel (Direct, Indirect), By
Region, Competition Forecast & Opportunities, 2018-2031F,” has evaluated the future growth potential of packaged air
conditioners market in India and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in India Packaged Air Conditioners market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com