HVAC Systems Market in India 2025-2029

HVAC Systems Market In India 2025-2029


The hvac systems market in india is forecasted to grow by USD 3504.7 mn during 2024-2029, accelerating at a CAGR of 10.5% 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
By Geographical Landscape
  • APAC
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 Corp., 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 primary and secondary research. 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 accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Installation Sites
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India: Year-over-year growth 2024-2029 (%)
Data Table on India: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 HVAC Systems Market in India 2019 - 2023
Historic Market Size - Data Table on HVAC Systems Market in India 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Installation Sites segment analysis 2019 - 2023
Historic Market Size - Installation Sites Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on HVAC Systems Market in India
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Non-residential - Market size and forecast 2024-2029
Chart on Non-residential - Market size and forecast 2024-2029 ($ million)
Data Table on Non-residential - Market size and forecast 2024-2029 ($ million)
Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
8.4 Residential - Market size and forecast 2024-2029
Chart on Residential - Market size and forecast 2024-2029 ($ million)
Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Chart on Residential - Year-over-year growth 2024-2029 (%)
Data Table on Residential - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Centralized - Market size and forecast 2024-2029
Chart on Centralized - Market size and forecast 2024-2029 ($ million)
Data Table on Centralized - Market size and forecast 2024-2029 ($ million)
Chart on Centralized - Year-over-year growth 2024-2029 (%)
Data Table on Centralized - Year-over-year growth 2024-2029 (%)
9.4 Decentralized - Market size and forecast 2024-2029
Chart on Decentralized - Market size and forecast 2024-2029 ($ million)
Data Table on Decentralized - Market size and forecast 2024-2029 ($ million)
Chart on Decentralized - Year-over-year growth 2024-2029 (%)
Data Table on Decentralized - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
10 Market Segmentation by Installation Sites
10.1 Market segments
Chart on Installation Sites - Market share 2024-2029 (%)
Data Table on Installation Sites - Market share 2024-2029 (%)
10.2 Comparison by Installation Sites
Chart on Comparison by Installation Sites
Data Table on Comparison by Installation Sites
10.3 New installation - Market size and forecast 2024-2029
Chart on New installation - Market size and forecast 2024-2029 ($ million)
Data Table on New installation - Market size and forecast 2024-2029 ($ million)
Chart on New installation - Year-over-year growth 2024-2029 (%)
Data Table on New installation - Year-over-year growth 2024-2029 (%)
10.4 Retrofit - Market size and forecast 2024-2029
Chart on Retrofit - Market size and forecast 2024-2029 ($ million)
Data Table on Retrofit - Market size and forecast 2024-2029 ($ million)
Chart on Retrofit - Year-over-year growth 2024-2029 (%)
Data Table on Retrofit - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Installation Sites
Market opportunity by Installation Sites ($ million)
Data Table on Market opportunity by Installation Sites ($ million)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Blue Star Ltd.
Blue Star Ltd. - Overview
Blue Star Ltd. - Business segments
Blue Star Ltd. - Key news
Blue Star Ltd. - Key offerings
Blue Star Ltd. - Segment focus
SWOT
14.5 Daikin Industries Ltd.
Daikin Industries Ltd. - Overview
Daikin Industries Ltd. - Business segments
Daikin Industries Ltd. - Key news
Daikin Industries Ltd. - Key offerings
Daikin Industries Ltd. - Segment focus
SWOT
14.6 Godrej and Boyce Manufacturing Co. Ltd.
Godrej and Boyce Manufacturing Co. Ltd. - Overview
Godrej and Boyce Manufacturing Co. Ltd. - Product / Service
Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
SWOT
14.7 Havells India Ltd.
Havells India Ltd. - Overview
Havells India Ltd. - Business segments
Havells India Ltd. - Key news
Havells India Ltd. - Key offerings
Havells India Ltd. - Segment focus
SWOT
14.8 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
SWOT
14.9 IFB Industries Ltd.
IFB Industries Ltd. - Overview
IFB Industries Ltd. - Business segments
IFB Industries Ltd. - Key offerings
IFB Industries Ltd. - Segment focus
SWOT
14.10 Ingersoll Rand Inc.
Ingersoll Rand Inc. - Overview
Ingersoll Rand Inc. - Business segments
Ingersoll Rand Inc. - Key offerings
Ingersoll Rand Inc. - Segment focus
SWOT
14.11 Johnson Controls International Plc
Johnson Controls International Plc - Overview
Johnson Controls International Plc - Business segments
Johnson Controls International Plc - Key news
Johnson Controls International Plc - Key offerings
Johnson Controls International Plc - Segment focus
SWOT
14.12 LG Corp.
LG Corp. - Overview
LG Corp. - Product / Service
LG Corp. - Key offerings
SWOT
14.13 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
SWOT
14.14 Panasonic Holdings Corp.
Panasonic Holdings Corp. - Overview
Panasonic Holdings Corp. - Business segments
Panasonic Holdings Corp. - Key news
Panasonic Holdings Corp. - Key offerings
Panasonic Holdings Corp. - Segment focus
SWOT
14.15 Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus
SWOT
14.16 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
SWOT
14.17 Voltas Ltd.
Voltas Ltd. - Overview
Voltas Ltd. - Business segments
Voltas Ltd. - Key offerings
Voltas Ltd. - Segment focus
SWOT
14.18 Whirlpool Corp.
Whirlpool Corp. - Overview
Whirlpool Corp. - Business segments
Whirlpool Corp. - Key news
Whirlpool Corp. - Key offerings
Whirlpool Corp. - Segment focus
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Market Segmentation by Installation Sites
Exhibits7: Executive Summary - Chart on Company Market Positioning
Exhibits8: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits9: Overview on criticality of inputs and factors of differentiation
Exhibits10: Overview on factors of disruption
Exhibits11: Impact of drivers and challenges in 2024 and 2029
Exhibits12: Parent Market
Exhibits13: Data Table on - Parent Market
Exhibits14: Market characteristics analysis
Exhibits15: Value chain analysis
Exhibits16: Offerings of companies included in the market definition
Exhibits17: Market segments
Exhibits18: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits19: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits20: Chart on India: Year-over-year growth 2024-2029 (%)
Exhibits21: Data Table on India: Year-over-year growth 2024-2029 (%)
Exhibits22: Historic Market Size - Data Table on HVAC Systems Market in India 2019 - 2023 ($ million)
Exhibits23: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits24: Historic Market Size - Type Segment 2019 - 2023 ($ million)
Exhibits25: Historic Market Size - Installation Sites Segment 2019 - 2023 ($ million)
Exhibits26: Five forces analysis - Comparison between 2024 and 2029
Exhibits27: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits28: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits29: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits30: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits31: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits32: Chart on Market condition - Five forces 2024 and 2029
Exhibits33: Chart on Application - Market share 2024-2029 (%)
Exhibits34: Data Table on Application - Market share 2024-2029 (%)
Exhibits35: Chart on Comparison by Application
Exhibits36: Data Table on Comparison by Application
Exhibits37: Chart on Non-residential - Market size and forecast 2024-2029 ($ million)
Exhibits38: Data Table on Non-residential - Market size and forecast 2024-2029 ($ million)
Exhibits39: Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits40: Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits41: Chart on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits42: Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits43: Chart on Residential - Year-over-year growth 2024-2029 (%)
Exhibits44: Data Table on Residential - Year-over-year growth 2024-2029 (%)
Exhibits45: Market opportunity by Application ($ million)
Exhibits46: Data Table on Market opportunity by Application ($ million)
Exhibits47: Chart on Type - Market share 2024-2029 (%)
Exhibits48: Data Table on Type - Market share 2024-2029 (%)
Exhibits49: Chart on Comparison by Type
Exhibits50: Data Table on Comparison by Type
Exhibits51: Chart on Centralized - Market size and forecast 2024-2029 ($ million)
Exhibits52: Data Table on Centralized - Market size and forecast 2024-2029 ($ million)
Exhibits53: Chart on Centralized - Year-over-year growth 2024-2029 (%)
Exhibits54: Data Table on Centralized - Year-over-year growth 2024-2029 (%)
Exhibits55: Chart on Decentralized - Market size and forecast 2024-2029 ($ million)
Exhibits56: Data Table on Decentralized - Market size and forecast 2024-2029 ($ million)
Exhibits57: Chart on Decentralized - Year-over-year growth 2024-2029 (%)
Exhibits58: Data Table on Decentralized - Year-over-year growth 2024-2029 (%)
Exhibits59: Market opportunity by Type ($ million)
Exhibits60: Data Table on Market opportunity by Type ($ million)
Exhibits61: Chart on Installation Sites - Market share 2024-2029 (%)
Exhibits62: Data Table on Installation Sites - Market share 2024-2029 (%)
Exhibits63: Chart on Comparison by Installation Sites
Exhibits64: Data Table on Comparison by Installation Sites
Exhibits65: Chart on New installation - Market size and forecast 2024-2029 ($ million)
Exhibits66: Data Table on New installation - Market size and forecast 2024-2029 ($ million)
Exhibits67: Chart on New installation - Year-over-year growth 2024-2029 (%)
Exhibits68: Data Table on New installation - Year-over-year growth 2024-2029 (%)
Exhibits69: Chart on Retrofit - Market size and forecast 2024-2029 ($ million)
Exhibits70: Data Table on Retrofit - Market size and forecast 2024-2029 ($ million)
Exhibits71: Chart on Retrofit - Year-over-year growth 2024-2029 (%)
Exhibits72: Data Table on Retrofit - Year-over-year growth 2024-2029 (%)
Exhibits73: Market opportunity by Installation Sites ($ million)
Exhibits74: Data Table on Market opportunity by Installation Sites ($ million)
Exhibits75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits76: Impact of drivers and challenges in 2024 and 2029
Exhibits77: Overview on criticality of inputs and factors of differentiation
Exhibits78: Overview on factors of disruption
Exhibits79: Impact of key risks on business
Exhibits80: Companies covered
Exhibits81: Company ranking index
Exhibits82: Matrix on companies position and classification
Exhibits83: Blue Star Ltd. - Overview
Exhibits84: Blue Star Ltd. - Business segments
Exhibits85: Blue Star Ltd. - Key news
Exhibits86: Blue Star Ltd. - Key offerings
Exhibits87: Blue Star Ltd. - Segment focus
Exhibits88: SWOT
Exhibits89: Daikin Industries Ltd. - Overview
Exhibits90: Daikin Industries Ltd. - Business segments
Exhibits91: Daikin Industries Ltd. - Key news
Exhibits92: Daikin Industries Ltd. - Key offerings
Exhibits93: Daikin Industries Ltd. - Segment focus
Exhibits94: SWOT
Exhibits95: Godrej and Boyce Manufacturing Co. Ltd. - Overview
Exhibits96: Godrej and Boyce Manufacturing Co. Ltd. - Product / Service
Exhibits97: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
Exhibits98: SWOT
Exhibits99: Havells India Ltd. - Overview
Exhibits100: Havells India Ltd. - Business segments
Exhibits101: Havells India Ltd. - Key news
Exhibits102: Havells India Ltd. - Key offerings
Exhibits103: Havells India Ltd. - Segment focus
Exhibits104: SWOT
Exhibits105: Hitachi Ltd. - Overview
Exhibits106: Hitachi Ltd. - Business segments
Exhibits107: Hitachi Ltd. - Key news
Exhibits108: Hitachi Ltd. - Key offerings
Exhibits109: Hitachi Ltd. - Segment focus
Exhibits110: SWOT
Exhibits111: IFB Industries Ltd. - Overview
Exhibits112: IFB Industries Ltd. - Business segments
Exhibits113: IFB Industries Ltd. - Key offerings
Exhibits114: IFB Industries Ltd. - Segment focus
Exhibits115: SWOT
Exhibits116: Ingersoll Rand Inc. - Overview
Exhibits117: Ingersoll Rand Inc. - Business segments
Exhibits118: Ingersoll Rand Inc. - Key offerings
Exhibits119: Ingersoll Rand Inc. - Segment focus
Exhibits120: SWOT
Exhibits121: Johnson Controls International Plc - Overview
Exhibits122: Johnson Controls International Plc - Business segments
Exhibits123: Johnson Controls International Plc - Key news
Exhibits124: Johnson Controls International Plc - Key offerings
Exhibits125: Johnson Controls International Plc - Segment focus
Exhibits126: SWOT
Exhibits127: LG Corp. - Overview
Exhibits128: LG Corp. - Product / Service
Exhibits129: LG Corp. - Key offerings
Exhibits130: SWOT
Exhibits131: Mitsubishi Electric Corp. - Overview
Exhibits132: Mitsubishi Electric Corp. - Business segments
Exhibits133: Mitsubishi Electric Corp. - Key offerings
Exhibits134: Mitsubishi Electric Corp. - Segment focus
Exhibits135: SWOT
Exhibits136: Panasonic Holdings Corp. - Overview
Exhibits137: Panasonic Holdings Corp. - Business segments
Exhibits138: Panasonic Holdings Corp. - Key news
Exhibits139: Panasonic Holdings Corp. - Key offerings
Exhibits140: Panasonic Holdings Corp. - Segment focus
Exhibits141: SWOT
Exhibits142: Samsung Electronics Co. Ltd. - Overview
Exhibits143: Samsung Electronics Co. Ltd. - Business segments
Exhibits144: Samsung Electronics Co. Ltd. - Key news
Exhibits145: Samsung Electronics Co. Ltd. - Key offerings
Exhibits146: Samsung Electronics Co. Ltd. - Segment focus
Exhibits147: SWOT
Exhibits148: Toshiba Corp. - Overview
Exhibits149: Toshiba Corp. - Business segments
Exhibits150: Toshiba Corp. - Key news
Exhibits151: Toshiba Corp. - Key offerings
Exhibits152: Toshiba Corp. - Segment focus
Exhibits153: SWOT
Exhibits154: Voltas Ltd. - Overview
Exhibits155: Voltas Ltd. - Business segments
Exhibits156: Voltas Ltd. - Key offerings
Exhibits157: Voltas Ltd. - Segment focus
Exhibits158: SWOT
Exhibits159: Whirlpool Corp. - Overview
Exhibits160: Whirlpool Corp. - Business segments
Exhibits161: Whirlpool Corp. - Key news
Exhibits162: Whirlpool Corp. - Key offerings
Exhibits163: Whirlpool Corp. - Segment focus
Exhibits164: SWOT
Exhibits165: Inclusions checklist
Exhibits166: Exclusions checklist
Exhibits167: Currency conversion rates for US$
Exhibits168: Research methodology
Exhibits169: Information sources
Exhibits170: Data validation
Exhibits171: Validation techniques employed for market sizing
Exhibits172: Data synthesis
Exhibits173: 360 degree market analysis
Exhibits174: List of abbreviations

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