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Rising Pollution in Indian metro cities will act as a strong factor in creating the demand for air conditioners with in-built air purifiers: Bonafide Research
Featured Companies
1. Blue Star Limited
2. Daikin Airconditioning India Private Limited
3. Haier Appliances (India) Private Limited
4. Johnson Controls-Hitachi Air Conditioning India Limited
5. LG Electronics India Private Limited
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India Air Conditioner Market Outlook, 2022' gives a comprehensive analysis on the air conditioning market of India. Air conditioners are basically used to manage temperature and humidity efficiently. These systems are installed in commercial buildings, IT parks, hotels, restaurants, manufacturing industries, retail outlets and residential buildings for enhanced lifestyle comfort. Consumer durables’ is one of the fastest growing industry segments in India. With the continuous inflow of disposable income and the advancement of technology, the need for the varied consumer durable goods are on a rise. This in turn has led to a strong competition between different consumer durable brands as well as the price gap between the same consumer goods of different companies are also narrowing down. India is one of the major developing countries with huge middle class population base and rising per capita income. In comparison to other developing countries, the market penetration of air conditioners is still very low in India, which in turn provides a huge opportunity to players. According to 'India Air Conditioner Market Outlook, 2022', air conditioner sales are expected to grow with a CAGR of more than 10% over next four years. Air conditioner market is divided into two segments i.e. residential and commercial. Residential or room air conditioners are further sub-divided into window air conditioners and split air conditioners. Window air conditioners are comparatively cheaper than split air conditioners; however their market is on a decline with the popularity of spilt ACs in the country. Some companies like LG, Panasonic and Samsung have even stopped making window ACs because of its inflection point where there is no innovation possible and the entire market is shifting towards split segment. On the other hand, split AC is high on demand as it is very easy to install and the price gap between window and split ACs have also become very less. Consumers nowadays prefer energy-efficient smart appliances due to rising energy prices. Commercial segment is also catching up with the increase in demand of commercial plots, offices, stores, factories and business apartments. This segment is subdivided into light commercial, ducted & packaged, VRF and chillers. High wall splits, cassettes, window, and concealed ductable splits are some of the types of light commercial air conditioners. Light commercial air conditioner dominates the commercial segment. A package unit is a single unit with its high and low side together in one box, typically found on commercial roofs whereas a ductable split is two units that work together. VRF (variable refrigerant flow), also known as VRV (variable refrigerant volume), is an HVAC technology and uses refrigerant as the cooling and heating medium just like ductless minisplits VRFs. Chillers are used in a variety of comfort air conditioning and process cooling applications. Players like LG, Voltas, Samsung, LLoyd, Hitachi, Daikin etc. rule the air conditioner market in India. Some new players are also entering into the market. Intex Technologies, which forayed into the consumer durable segment with the launch of washing machines and refrigerators, has now expanded its portfolio by launching air-conditioners. Micromax Informatics introduced a new range of air conditioners, to strengthen its presence in the AC market. REPORT SEGMENTATION Residential/ Room Air Conditioner o Spilt Air Conditioner o Window Air Conditioner Commercial Air Conditioner o Light Commercial Air Conditioner o Ducted & Packaged Air Conditioner o VRF Air Conditioner o Chillers “India Air Conditioner Market Outlook, 2022'” examines the following aspects of air conditioners in India: How it will help solving your strategic decision making process?? The report gives an in-depth understanding of the air conditioner market in India: - Global Air Conditioner Market Outlook - Global Air Conditioner Market Size By Value & Forecast - Global Air Conditioner Market Size By Volume & Forecast - Global Air Conditioner Market Segmental Analysis: By Company, By Region, By Country, By Product Type - America Air Conditioner Market Size By Value & Forecast - Europe Air Conditioner Market Size By Value & Forecast - Asia Pacific Air Conditioner Market Size By Value & Forecast - Middle East & Africa Air Conditioner Market Size By Value & Forecast - 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 Spilt Air Conditioner Market Size By Volume & Forecast - India Window 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 Light Commercial Air Conditioner Market Size By Volume & Forecast - India Ducted & Packaged Air Conditioner Market Size By Volume & Forecast - India VRF Air Conditioner Market Size By Volume & Forecast - India Chillers Market Size By Volume & Forecast - India Commercial Air Conditioner Market Segmental Analysis: By Product Type - Product Price & Variant Analysis - Key vendors in this market space - Competitive Landscape & Strategic Recommendations This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of air conditioners in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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