Wilmington, USA (Bloggeriya) May 29, 2023 – The market study “India Air Conditioner Market” analyzes both the global and India market on the basis of AC type, capacities, star ratings, sales channel, end-user, and the region.
The report is comprehensive and provides thorough historical and forecast market size, along with a forecast analysis. The report highlights the sales total of AC units in India each year and market share analysis, production capacities of leading players, an overview of the competition and strategic imperatives. It also includes the top brands, annual sales figures, development avenues, production overview and an assessment of competition for market players to be targeted.
The Market and its Dynamics: Installation of residential and commercial Air Conditioners to rise during the forecast period
It is estimated that the India Air Conditioner market is predicted to expand at a rate of 15% in the 2022-2028 forecast. The market for global air conditioners is expected to experience significant growth mostly due to the early season, increasing use of ACs and a rise in disposable income.
India markets for ACs are predicted to see rapid growth over the coming six years. The increasing urbanization rate, the evolving ways of life for consumers, increasing incidences of climate-related adversity such as heat stroke and the prevailing trends in year-round usage are just a few of the main factors that are expected to drive market for ACs across the country.
Additionally, increased investment in R&D and advancements in technology for air conditioners are predicted to boost the graph of demand for air conditioners upward direction.
North India is dominating the India market for air conditioners because of the higher temperatures and the high AC penetration. Coastal states like Kerala and Tamil Nadu, etc. are predicted to see a significant increase due to the recurrent air conditioner replacements due to the effects of corrosion.
The high temperatures are the main reason for the huge demand for ACs across the western region and central India.
Segmental Analysis
Based on AC type, split AC is dominating the market due to feasibility, easy installation anywhere, and transition of inverter technology. Moreover, according to the research done by RationalStat, split ACs reached over 85% penetration in 2021.
On the basis of sales channels, online (e-commerce stores) are expected to gain significant traction due to the rise in the young population and shifting preferences of consumers.
Based on region, North India is dominating the India air conditioner market due to extreme weather conditions.
Competition Analysis
India Air conditioner market is fragmented in nature with the presence of various players operating in the region. Companies are offering ACs with updated technologies in the market to file intense competition in the market. Some of the innovations are smart thermostats, ice-powered air conditioners, digital ceilings, solar-powered air conditioners, 3D-printed air conditioners and etc.
Moreover, Manufacturers are focusing on expanding their delivery and service centers along with launching products with innovative features, including power-saving and auto-clean features. International brands are set to foray into the Indian air conditioner market by launching products.
In March 2022, France-based electronics brand Thomson, which operates in India through its brand licensee Super Plastronics Pvt Ltd (SPPL), announced to foray into the India AC market.
In 2022, RealMe launched the product line of new air conditioners in India.
Some of the prominent players operating in the India air conditioner market include Voltas, Daikin, LG, Panasonic, Llyod Electric, Blue Star, Hitachi, Samsung, Carrier Midea, Videocon, Electrolux, GREE, Whirlpool, Fujitsu General, Toshiba, and Haier, among others.
RationalStat has segmented the global biodegradable diapers market on the basis of product type, raw material, size, end user, sales channel, and region
By AC Type
Window
Split
Cassette (ceiling mounted)
Floor Mounted
By Capacity
Less than 1 Ton
1 Ton
1-1.4 Ton
5 Ton
More than 1.5 Ton
By Star Rating
1 Star
2 Star
3 Star
4 Star
5 Star
By Sales Channel
Modern Retail
Online (e-commerce stores)
Offline
Hypermarkets
Supermarkets
Convenience Stores
Specialty and Discount Stores
Conventional Retail (Retail Stores)
By End User
Residential
Apartment
Independent
Others (Villas, etc.)
Commercial
Offices
Hotels/Motels
Restaurant
Banks
Hospitals
Malls
Supermarkets/Hypermarkets/
Others (Shopping Centres, Concert Halls, etc.)
By Region
North India
South India
West and Central India
East India
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