Report Description

India HVAC Market By Product Type (Direct Expansion Systems and Central Air Conditioning Systems), By End Use Sector (Residential, Commercial Real Estate, Institutional, etc.) Competition Forecast & Opportunities, 2012 – 2022

India HVAC market is expected to cross $7 Billion by 2022. Growing infrastructure-based developments, technological advancements and increasing tourism are expected to positively influence India HVAC market over the next five years. Moreover, 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 are some of the other major factors expected to boost India HVAC market during the forecast period.

Years considered for this report:

Historical Years: 2012 – 2016

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2017 – 2022

Objective of the Study:

  • To analyze and forecast market size of India HVAC market, in terms of value as well as volume
  • To define, classify and forecast India HVAC market on the basis of product type, by end use sector, and by region
  • To identify tailwinds and headwinds for India HVAC market
  • To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in India HVAC market
  • To evaluate competitor pricing, average market selling prices and trends in the India HVAC market
  • To strategically profile the leading players, which are involved in the supply of HVAC systems in India

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Some of the major players operating in India HVAC market are Voltas Limited, Daikin Air Conditioning India Pvt. Ltd., LG Electronics India Pvt. Ltd., Johnson Controls-Hitachi Air Conditioning India Limited, Honeywell Automation India LTD., Thermax Limited, Blue Star Ltd., Samsung India Electronics Pvt. Ltd., Carrier Airconditioning & Refrigeration Limited, ETA Engineering Pvt. Ltd, Panasonic India Pvt. Ltd., etc.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of HVAC manufacturers and suppliers in India. 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 manufacturers that could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size for India HVAC market using a bottom-up approach, where manufacturers’ value and volume sales data for different types (direct expansion systems and central air conditioning systems) HVAC was recorded as well as forecast for the future years was done. 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 company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • India HVAC Manufacturers
  • India HVAC Suppliers 
  • Research Organizations and Consulting Companies
  • Associations, organizations, associations and alliances related to HVAC
  • Government bodies such as regulating authorities and policy makers
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as HVAC manufacturers, distributors, dealers and policy makers. The report would also help the stakeholders in identifying which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on the emerging market opportunities.

Report Scope:

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

  • Market, by Product Type:
    • India HVAC Market   
      • Direct Expansion Systems
      • Central Air Conditioning Systems
  • Market, by End Use Sector:
    • Residential
    • Commercial Real Estate
    •  Institutional
    •  Marine & Offshore
    •  Oil & Gas
    •  Power
    •  Others
  • Market, by Region:
    • West
    • East
    • North
    • South

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, market pricing, average selling price sales footprint, etc.

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

Competition Outlook: Top companies, market and competition scenario

Available Customizations:

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

Channel Partner Analysis

  • Detailed list of distributors and dealers across the country.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new products in the market and their driving forces in the market.
In case you don’t find what you are looking for, please get in touch with our custom research team at

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