India Air Conditioner Market Overview, 2022-28

India Air Conditioner Market Overview, 2022-28

The report titled India Air Conditioner Market Overview, 2022-28 provides a comprehensive analysis of the air conditioner market in India. The report offers a complete guide to the size and share of the market at a national level. Along with historic data, it also provides the latest sales data - thus allowing you to identify the market segments driving growth. The report also identifies leading companies and brands, along with examining competition among them. Forecasts through four years demonstrate how the market is set to change in coming years. Bonafide Research employs comprehensive and iterative research methodology focused on minimizing errors in order to provide the most accurate estimates and forecast possible. Additionally, the report includes a brief guide on global air conditioner market.

India Air Conditioner Market Overview, 2022-28

In India, electric fans have been a major source of cooling from last so many decades. However with growing disposable incomes and rising temperature, urban people are now shifting towards air conditioners. Air conditioners are divided into two segments based on their application i.e. residential and commercial. Residential or room air conditioners are further sub-divided into window air conditioners and split air conditioners. Spilt air conditioners are popular in India whereas the market for window ACs is fast disappearing. In commercial segment, light commercial air conditioners, ducted & packaged, VRF and chillers are the various product types. Along with residential sector, commercial segment is also catching up with the increase in demand of commercial plots, offices, stores, factories and business apartments. Air conditioners with built in air purifiers seem to be the future of urban India due to rising pollution levels in metropolitans. Moreover, increasing awareness regarding inverter technology is propelling consumers as well as manufacturers to shift from standard split air conditioners to inverter ACs. Going forward, consumers will majorly prefer energy-efficient air conditioners due to rising energy prices in the country.

Major companies operating in the air conditioner market of India are Voltas Limited, Daikin Airconditioning India Private Limited, LG Electronics India Private Limited, Samsung India Electronics Private Limited and Johnson Controls-Hitachi Air Conditioning India Limited.

Considered for the Report:
Geography: India
Base Year: FY 2021-22
Estimated Year: FY 2022-23
Forecast Year: FY 2027-28

Objective of the study:
• To present a global and Indian outlook on air conditioner industry.
• To analyse and forecast the market size of Global and India Air Conditioner, in terms of value as well as volume.
• To define, classify and forecast India air conditioner market on the basis of segments like residential/ room air conditioner and commercial air conditioner.
• To further define and forecast India Residential/ Room Air Conditioner Market on the basis of product type (split air conditioner, window air conditioner), region and tonnage.
• To define and forecast India Commercial Air Conditioner Market on the basis of product type like light commercial, ducted & packaged, VRF and chillers.
• To strategically profile leading players, which are operating in the air conditioner industry of India.

Approach for the Report:

Bonafide Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the air conditioner market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of segmental revenues, export, pricing, geographical presence, channel partner model, USP etc.
Bonafide Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of air conditioners were recorded and subsequently forecasted for the future years.

Scope of the Report:

“India Air Conditioner Market Overview, 2022-28” discusses the following aspects of air conditioner market in India:
• India Air Conditioner Market Outlook
• India Air Conditioner Market Size By Value & Forecast
• India Air Conditioner Market Size By Volume & Forecast
• India Air Conditioner Market Segmental Analysis: By Segment
• India Residential/ Room Air Conditioner Market Size By Value & Forecast
• India Spilt Air Conditioner Market Size By Value & Forecast
• India Window Air Conditioner Market Size By Value & Forecast
• India Residential/ Room Air Conditioner Market Size By Volume & Forecast
• India Residential/ Room Air Conditioner Market Segmental Analysis: By Company, By Region, By Product Type, By Tonnage
• India Commercial Air Conditioner Market Size By Value & Forecast
• India Light Commercial Air Conditioner Market Size By Value & Forecast
• India Ducted & Packaged Air Conditioner Market Size By Value & Forecast
• India VRF Air Conditioner Market Size By Value & Forecast
• India Chillers Market Size By Value & Forecast
• India Commercial Air Conditioner Market Size By Volume & Forecast
• India Commercial Air Conditioner Market Segmental Analysis: By Product Type
• Key vendors in this market space

Intended Audience
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to air conditioning industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.