India air conditioners market stood at over $ 4.3 billion in 2017 and is projected to grow at a CAGR of more than 17%, to surpass $ 11 billion by 2023. Anticipated growth in the market is led by rising infrastructure development in the country coupled with growing demand for residential and commercial spaces. Moreover, constantly rising temperature along with increasing purchasing power of the consumers is further fueling growth in the country’s air conditioners market. Additionally, emergence of technologically advanced air conditioners, such as inverter technology, smart air conditioners, etc., is further anticipated to augment the demand for air conditioners across India in the coming years.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyze and forecast India air conditioners market size.
  • To define, classify and forecast India air conditioners market on the basis of product type, end use sector, region and leading city.
  • To scrutinize the detailed market segmentation and forecast the market size on the basis of product type, namely – light commercial air conditioners, ductable splits, VRF, chillers and others.
  • To analyze and forecast the market share, in terms of volume, for air conditioners with respect to end use sectors, namely: Residential Commercial and Institutional.
  • To analyze and forecast the market share, in terms of value, for air conditioners with respect to region, namely: North, East, West and South.
  • To identify tailwinds and headwinds for the India air conditioners market.
  • To evaluate product benchmarking in India air conditioners market.
  • To strategically profile the leading players in the market, which are involved in the supply of air conditioners across the country.

 

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India air conditioners market is controlled by these major players, namely Voltas Limited, Daikin Airconditioning India Pvt. Ltd., Blue Star Ltd., LG Electronics India Pvt. Ltd., Johnson Controls-Hitachi Air Conditioning India Limited, Havells India Limited, Samsung India Electronics Private Limited, Carrier Midea India Private Limited, Panasonic India Private Limited, and Videocon Industries Limited.

 

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of air conditioners manufacturers and suppliers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, end use sector and regional presence of all major air conditioner suppliers in the country.

TechSci Research calculated the market size for India air conditioners market using a bottom-up approach, where manufacturers value and volume shares data for product types (Light Commercial Air Conditioners, Ductable Splits, Chillers, VRF and Others) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as secondary sources directories, databases such as company annual reports, World Bank, Consumer Electronics and Appliances Manufacturers Association (CEAMA), Ministry of Micro Small & Medium Enterprises, Industry Magazines, Industry Reports, News Dailies, Credible Paid Databases, Proprietary Database, etc., were also studied by TechSci Research.


Key Target Audience:

  • Air conditioner manufacturers, suppliers, distributors and other stakeholders 
  • Organizations, forums and alliances related to air conditioners market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as air conditioner manufacturers, distributors and dealers, and policy makers. The report would allow the stakeholders in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth of the market segment.

Report Scope:

In this report, India air conditioners market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, By Product Type:
    • Light Commercial Air Conditioners
    • Ductable Splits
    • VRF
    • Chillers
    • Others
  • Market, by End Use Sector:
    • Residential
    • Commercial
    • Industrial
  • Market, By Region:
    • North
    • West
    • South
    • East
  • Market, By Leading City:
    • Delhi-NCR
    • Mumbai
    • Bengaluru
    • Chennai
    • Kolkata
    • Rest of India
  • Market, By Company:
    • Voltas Limited
    • Daikin Airconditioning India Pvt. Ltd.
    • Blue Star Ltd. 
    • LG Electronics India Pvt. Ltd.
    • Johnson Controls-Hitachi Air Conditioning India Limited
    • Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India air conditioners market.

Voice of Customers: Customer analysis by considering below mentioned parameters: brand awareness, factors influencing purchase decision, challenges faced post purchase and brand satisfaction level.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across all major countries.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Brand Awareness

4.2.    Factors Influencing Purchase Decisions

4.3.    Brand Satisfaction Level

4.4.    Challenges Faced Post Purchase

5.       Global Air Conditioners Market Overview

6.       India Air Conditioners Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1. By Product Type (Chillers, VRFs, Ductable Splits, Light Commercial Air Conditioners and Others)

6.2.2. By End Use Sector (Residential Vs Commercial/Industrial)

6.2.3. By Region (North, East, South and West)

6.2.4. By Leading City

6.2.5. By Company

6.3.    Market Attractiveness Index

6.3.1. By Product Type

6.3.2. By Region

7.       India Light Commercial Air Conditioners Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Product Type (Concealed Ductable Split, Cassettes, Windows and High Wall Splits)

7.2.2. By Tonnage Capacity (Less than 1 TR, 1TR - 2TR, More than 2TR)

7.2.3. By Split AC Type (Inverter Vs Non-Inverter)

7.2.4. By End Use Sector

7.3.    Product Benchmarking

8.       India Ductable Splits Air Conditioners Market Outlook

8.1.    Market Size & Forecast

8.1.1. By Value & Volume

8.2.    Market Share & Forecast

8.2.1. By Tonnage Capacity (5.5 TR & Below, 5.6 TR -11 TR, 11.1 TR -16 TR and More than 16 TR)

8.2.2. By End Use Sector

8.3.    Product Benchmarking

9.       India VRF Air Conditioners Market Outlook

9.1.    Market Size & Forecast

9.1.1. By Value & Volume

9.2.    Market Share & Forecast

9.2.1. By Single Outdoor Unit Cooling Capacity (Less Than 10 HP, 10 HP-14 HP, 14.1 HP-20 HP and More Than 20 HP)

9.2.2. By End Use Sector

9.3.    Product Benchmarking

10.   India Chillers Air Conditioners Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value & Volume

10.2.   Market Share & Forecast

10.2.1.    By Product Type (Reciprocating, Absorption, Centrifugal, Air Cooled Scroll, Water Cooled Scroll, Air Cooled Screw and Water Cooled Screw)

10.2.2.    By End Use Sector

10.3.   Product Benchmarking

11.   India Others Air Conditioners Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value & Volume

12.   India HVAC Market Outlook

12.1.   Market Size & Forecast

12.1.1.    By Value & Volume

13.   Supply Chain Analysis

14.   Import - Export Analysis

15.   Market Dynamics

15.1.   Drivers

15.2.   Challenges

16.   Market Trends & Developments

17.   Policy & Regulatory Landscape

18.   India Economic Profile

19.   Competitive Landscape

19.1.   Competition Outlook

19.2.   Company Profiles

19.2.1.    Voltas Limited

19.2.2.    Daikin Airconditioning India Pvt. Ltd.

19.2.3.    Blue Star Ltd. 

19.2.4.    LG Electronics India Pvt. Ltd.

19.2.5.    Johnson Controls-Hitachi Air Conditioning India Limited

19.2.6.    Havells India Limited

19.2.7.    Samsung India Electronics Private Limited

19.2.8.    Carrier Midea India Private Limited

19.2.9.    Panasonic India Private Limited

19.2.10.   Videocon Industries Limited 

20.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

     

    Figure 1: Brand Awareness Level, By Company, 2018 (Base= 200)

    Figure 2: Factors Influencing Purchase Decisions, 2018 (Base= 200)

    Figure 3: Customer Brand Satisfaction Level, 2018 (Base= 200)

    Figure 4: Challenges Faced Post Purchase, 2018 (Base= 200)

    Figure 5: Global Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Unit), 2012–2017

    Figure 6: Global GDP per Capita (current US$), 2012-2016 (USD)

    Figure 7: India Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013 – 2023F

    Figure 8: India GDP per Capita, PPP, 2013-2017 (USD)

    Figure 9: India Air Conditioners Market Share, By Product Type, By Volume, 2013–2023F

    Figure 10: India Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 11: India Urban Population Share (as a %age of the Total Population), 2013-2017

    Figure 12: India Air Conditioners Market Share, By Region, By Value, 2017 & 2023F

    Figure 13: India Air Conditioners Market Share, By Region, By Value, 2013-2023F

    Figure 14: India Air Conditioners Market Share, By Leading City, By Value, 2013-2023F

    Figure 15: India Air Conditioners Market Share, By Company, By Value, 2017 & 2023F

    Figure 16: India Air Conditioners Market Attractiveness Index, By Product Type, By Volume, 2018E-2023F

    Figure 17: India Air Conditioners Market Attractiveness Index, By Region, By Value, 2018E-2023F

    Figure 18: India Light Commercial Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013 – 2023F

    Figure 19: Demand for Residential Space Across Top 8 Cities, By Middle Income Group (MIG)+High Income Group (HIG), As of 2017 (‘000 Units)

    Figure 20: India Light Commercial Air Conditioners Market Share, By Product Type, By Volume, 2013–2023F

    Figure 21: India Light Commercial Air Conditioners Market Share, By Tonnage Capacity, By Volume, 2013–2023F

    Figure 22: India Light Commercial Air Conditioners Market Share, By Split AC Type, By Volume, 2013–2023F

    Figure 23: India Light Commercial Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 24: India per Capita Household Final Consumption Expenditure, 2013-2017 (USD)

    Figure 25: India Ductable Splits Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013 – 2023F

    Figure 26: Number of Villages Electrified As Per Five-Year Plan

    Figure 27: India Ductable Splits Air Conditioners Market Share, By Tonnage Capacity, By Volume, 2013–2023F

    Figure 28: India Ductable Splits Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 29: Demand For Commercial Space Across top 8 Cities, 2017 (Million sq. ft)

    Figure 30: India VRF Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013 – 2023F

    Figure 31: Foreign Tourists Arrival in India, 2010-2017* (Million)

    Figure 32: India VRF Air Conditioners Market Share, By Single Outdoor Unit Cooling Capacity, By Volume, 2013–2023F

    Figure 33: India VRF Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 34: India Chillers Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013 – 2023F

    Figure 35: India Chillers Air Conditioners Market Share, By Product Type, By Volume, 2013–2023F

    Figure 36: India Chillers Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 37: India Others Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013 – 2023F

    Figure 38: India HVAC Market Size, By Value, 2013–20223F (USD Billion)

    Figure 39: India HVAC Market Size, By Volume, 2013–2023F (Million Units)

    Figure 40: India Window/Wall Air Conditioner Imports with HS Code 841510, By Value (USD Million), 2013-2018

    Figure 41: India Window/Wall Air Conditioner Exports with HS Code 841510, By Value (USD Million), 2013-2018

    Figure 42: India Window/Wall Air Conditioner Imports with HS Code 841510, By Volume (Thousand Unit), 2013-2018

    Figure 43: India Window/Wall Air Conditioner Export with HS Code 841510, By Volume (Thousand Unit), 2013-2018

     

    List of Tables

     

    Table 1: India Light Commercial Air Conditioners Product Benchmarking, 2018

    Table 2: India Ductable Splits Product Benchmarking, 2018

    Table 3: Number of Infrastructure Projects in India, By Select State, By Total Cost of Project (USD Billion), As of April 2017

    Table 4: India VRF Product Benchmarking, 2018 (Single Outdoor Unit Cooling Capacity)

    Table 5: List of Metro Projects in India

    Table 6: Air Conditioner Service Centers, By Company, 2017

    Table 7: India Chillers Product Benchmarking, 2018

    Table 8: India Internet Users (Million), FY2012-FY2018 and Internet Penetration (%), FY2012-FY2018         

    Table 9: Star Label for Split Air Conditioners, 2017

    Table 10: Star Label for Window Air Conditioners, 2017

    Table 11: Energy & Cost Saving for 1.5 Ton Split Air Conditioner at Different Star Rating, 2017

    Table 12: Star Label for Inverter Type Air Conditioners, 2017

    Table 13: Comparison of Room Ac Refrigerants Flammability and Global Warming Potential (GWP), 2017