HVAC Systems Market In India 2024-2028
The HVAC systems market in India is forecasted to grow by USD 3.98 bn during 2023-2028, accelerating at a CAGR of 10.77% during the forecast period. The report on the HVAC systems market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for inverter HVAC systems, increasing office absorption space, and rising preference for rental HVAC systems.
Technavio's HVAC systems market in India is segmented as below:
By Application
Non-residential
Residential
By Type
Centralized
Decentralized
By Installation Sites
New installation
Retrofit
This study identifies the increasing popularity of smart HVAC systems as one of the prime reasons driving the HVAC systems market in India growth during the next few years. Also, growing concerns over improving IAQ in residential and commercial buildings and adoption of low-gwp refrigerants by HVAC system manufacturers will lead to sizable demand in the market.
The report on the HVAC systems market in India covers the following areas:
HVAC systems market in India sizing
HVAC systems market in India forecast
HVAC systems market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC systems market in India vendors that include Air Control India Pvt Ltd, Blue Star Ltd., Daikin Industries Ltd., Fujitsu General Ltd., Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Hitachi Ltd., Honeywell International Inc., IFB Industries Ltd., Ingersoll Rand Inc., Johnson Controls International Plc, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Toshiba Corp., Trane Technologies Plc, Voltas Ltd., and Whirlpool Corp.. Also, the HVAC systems market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
- Executive Summary
- Market overview
- Table Executive Summary - Chart on Market Overview
- Table Executive Summary - Data Table on Market Overview
- Table Executive Summary - Chart on Country Market Characteristics
- Table Executive Summary - Chart on Market Segmentation by Application
- Table Executive Summary - Chart on Market Segmentation by Type
- Table Executive Summary - Chart on Market Segmentation by Installation Sites
- Table Executive Summary - Chart on Vendor Market Positioning
- Market overview
- Market Landscape
- Market ecosystem
- Table Parent market
- Table Market Characteristics
- Market ecosystem
- Market Sizing
- Market definition
- Table Offerings of vendors included in the market definition
- Market segment analysis
- Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
- Table Chart on India - Market size and forecast 2023-2028 ($ million)
- Table Data Table on India - Market size and forecast 2023-2028 ($ million)
- Table Chart on India: Year-over-year growth 2023-2028 (%)
- Table Data Table on India: Year-over-year growth 2023-2028 (%)
- Market definition
- Historic Market Size
- HVAC systems market in India 2018 - 2022
- Table Historic Market Size - Data Table on HVAC systems market in India 2018 - 2022 ($ million)
- Application Segment Analysis 2018 - 2022
- Table Historic Market Size - Application Segment 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
- Table Historic Market Size - Type Segment 2018 - 2022 ($ million)
- Installation Sites Segment Analysis 2018 - 2022
- Table Historic Market Size - Installation Sites Segment 2018 - 2022 ($ million)
- HVAC systems market in India 2018 - 2022
- Five Forces Analysis
- Five forces summary
- Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
- Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Bargaining power of suppliers
- Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Threat of new entrants
- Table Threat of new entrants - Impact of key factors in 2023 and 2028
- Threat of substitutes
- Table Threat of substitutes - Impact of key factors in 2023 and 2028
- Threat of rivalry
- Table Threat of rivalry - Impact of key factors in 2023 and 2028
- Market condition
- Table Chart on Market condition - Five forces 2023 and 2028
- Five forces summary
- Market Segmentation by Application
- Market segments
- Table Chart on Application - Market share 2023-2028 (%)
- Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
- Table Chart on Comparison by Application
- Table Data Table on Comparison by Application
- Non-residential - Market size and forecast 2023-2028
- Table Chart on Non-residential - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Non-residential - Market size and forecast 2023-2028 ($ million)
- Table Chart on Non-residential - Year-over-year growth 2023-2028 (%)
- Table Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
- Residential - Market size and forecast 2023-2028
- Table Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Table Chart on Residential - Year-over-year growth 2023-2028 (%)
- Table Data Table on Residential - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
- Table Market opportunity by Application ($ million)
- Table Data Table on Market opportunity by Application ($ million)
- Market segments
- Market Segmentation by Type
- Market segments
- Table Chart on Type - Market share 2023-2028 (%)
- Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
- Table Chart on Comparison by Type
- Table Data Table on Comparison by Type
- Centralized - Market size and forecast 2023-2028
- Table Chart on Centralized - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Centralized - Market size and forecast 2023-2028 ($ million)
- Table Chart on Centralized - Year-over-year growth 2023-2028 (%)
- Table Data Table on Centralized - Year-over-year growth 2023-2028 (%)
- Decentralized - Market size and forecast 2023-2028
- Table Chart on Decentralized - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Decentralized - Market size and forecast 2023-2028 ($ million)
- Table Chart on Decentralized - Year-over-year growth 2023-2028 (%)
- Table Data Table on Decentralized - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
- Table Market opportunity by Type ($ million)
- Table Data Table on Market opportunity by Type ($ million)
- Market segments
- Market Segmentation by Installation Sites
- Market segments
- Table Chart on Installation Sites - Market share 2023-2028 (%)
- Table Data Table on Installation Sites - Market share 2023-2028 (%)
- Comparison by Installation Sites
- Table Chart on Comparison by Installation Sites
- Table Data Table on Comparison by Installation Sites
- New installation - Market size and forecast 2023-2028
- Table Chart on New installation - Market size and forecast 2023-2028 ($ million)
- Table Data Table on New installation - Market size and forecast 2023-2028 ($ million)
- Table Chart on New installation - Year-over-year growth 2023-2028 (%)
- Table Data Table on New installation - Year-over-year growth 2023-2028 (%)
- Retrofit - Market size and forecast 2023-2028
- Table Chart on Retrofit - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Retrofit - Market size and forecast 2023-2028 ($ million)
- Table Chart on Retrofit - Year-over-year growth 2023-2028 (%)
- Table Data Table on Retrofit - Year-over-year growth 2023-2028 (%)
- Market opportunity by Installation Sites
- Table Market opportunity by Installation Sites ($ million)
- Table Data Table on Market opportunity by Installation Sites ($ million)
- Market segments
- Customer Landscape
- Customer landscape overview
- Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Customer landscape overview
- Drivers, Challenges, and Trends
- Market drivers
- Growing demand for inverter HVAC systems
- Increasing office absorption space
- Rising preference for rental HVAC systems
- Market challenges
- Need for high R and D investment
- Lack of technical know-how related to HVAC systems in Indian market
- Rising environmental pollution and stringent government policies on HVAC systems
- Impact of drivers and challenges
- Table Impact of drivers and challenges in 2023 and 2028
- Market trends
- Increasing popularity of smart HVAC systems
- Growing concerns over improving IAQ in residential and commercial buildings
- Adoption of low-GWP refrigerants by HVAC system manufacturers
- Market drivers
- Vendor Landscape
- Overview
- Vendor landscape
- Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
- Table Overview on factors of disruption
- Industry risks
- Table Impact of key risks on business
- Vendor Analysis
- Vendors covered
- Table Vendors covered
- Market positioning of vendors
- Table Matrix on vendor position and classification
- Blue Star Ltd.
- Table Blue Star Ltd. - Overview
- Table Blue Star Ltd. - Business segments
- Table Blue Star Ltd. - Key offerings
- Table Blue Star Ltd. - Segment focus
- Daikin Industries Ltd.
- Table Daikin Industries Ltd. - Overview
- Table Daikin Industries Ltd. - Business segments
- Table Daikin Industries Ltd. - Key news
- Table Daikin Industries Ltd. - Key offerings
- Table Daikin Industries Ltd. - Segment focus
- Godrej and Boyce Manufacturing Co. Ltd.
- Table Godrej and Boyce Manufacturing Co. Ltd. - Overview
- Table Godrej and Boyce Manufacturing Co. Ltd. - Business segments
- Table Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
- Table Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
- Havells India Ltd.
- Table Havells India Ltd. - Overview
- Table Havells India Ltd. - Business segments
- Table Havells India Ltd. - Key news
- Table Havells India Ltd. - Key offerings
- Table Havells India Ltd. - Segment focus
- Hitachi Ltd.
- Table Hitachi Ltd. - Overview
- Table Hitachi Ltd. - Business segments
- Table Hitachi Ltd. - Key news
- Table Hitachi Ltd. - Key offerings
- Table Hitachi Ltd. - Segment focus
- IFB Industries Ltd.
- Table IFB Industries Ltd. - Overview
- Table IFB Industries Ltd. - Business segments
- Table IFB Industries Ltd. - Key offerings
- Table IFB Industries Ltd. - Segment focus
- Ingersoll Rand Inc.
- Table Ingersoll Rand Inc. - Overview
- Table Ingersoll Rand Inc. - Business segments
- Table Ingersoll Rand Inc. - Key offerings
- Table Ingersoll Rand Inc. - Segment focus
- Johnson Controls International Plc
- Table Johnson Controls International Plc - Overview
- Table Johnson Controls International Plc - Business segments
- Table Johnson Controls International Plc - Key news
- Table Johnson Controls International Plc - Key offerings
- Table Johnson Controls International Plc - Segment focus
- LG Electronics Inc.
- Table LG Electronics Inc. - Overview
- Table LG Electronics Inc. - Product / Service
- Table LG Electronics Inc. - Key offerings
- Mitsubishi Electric Corp.
- Table Mitsubishi Electric Corp. - Overview
- Table Mitsubishi Electric Corp. - Business segments
- Table Mitsubishi Electric Corp. - Key news
- Table Mitsubishi Electric Corp. - Key offerings
- Table Mitsubishi Electric Corp. - Segment focus
- Panasonic Holdings Corp.
- Table Panasonic Holdings Corp. - Overview
- Table Panasonic Holdings Corp. - Business segments
- Table Panasonic Holdings Corp. - Key news
- Table Panasonic Holdings Corp. - Key offerings
- Table Panasonic Holdings Corp. - Segment focus
- Samsung Electronics Co. Ltd.
- Table Samsung Electronics Co. Ltd. - Overview
- Table Samsung Electronics Co. Ltd. - Business segments
- Table Samsung Electronics Co. Ltd. - Key news
- Table Samsung Electronics Co. Ltd. - Key offerings
- Table Samsung Electronics Co. Ltd. - Segment focus
- Toshiba Corp.
- Table Toshiba Corp. - Overview
- Table Toshiba Corp. - Business segments
- Table Toshiba Corp. - Key news
- Table Toshiba Corp. - Key offerings
- Table Toshiba Corp. - Segment focus
- Voltas Ltd.
- Table Voltas Ltd. - Overview
- Table Voltas Ltd. - Business segments
- Table Voltas Ltd. - Key offerings
- Table Voltas Ltd. - Segment focus
- Whirlpool Corp.
- Table Whirlpool Corp. - Overview
- Table Whirlpool Corp. - Business segments
- Table Whirlpool Corp. - Key offerings
- Table Whirlpool Corp. - Segment focus
- Vendors covered
- Appendix
- Scope of the report
- Market definition
- Objectives
- Notes and caveats
- Inclusions and exclusions checklist
- Table Inclusions checklist
- Table Exclusions checklist
- Currency conversion rates for US$
- Table Currency conversion rates for US$
- Research methodology
- Table Research methodology
- Table Validation techniques employed for market sizing
- Table Information sources
- List of abbreviations
- Table List of abbreviations
- Scope of the report
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