On account of increasing per capita |
the Indian air conditioners market is |
income and growing middle class |
projected to grow at a CAGR of over 10 % |
population , the consumer outlook towards |
during 2015-20 . Accounting for a lion ’ s |
air conditioners has changed over the last |
share of the air conditioners market , split |
decade in India . The country experiences |
air conditioners segment was the highest |
hot and humid summers for 4-6 months , |
revenue generator , followed by VRFs and |
on account of which majority of air |
window air conditioners in 2014 . The |
conditioner sales take place during that |
market share of window air conditioners |
period . Introduction of new technologies |
has been declining over the last few years |
resulting in reduction of prices , moderate |
on account of decreasing price gap |
in real estate sector , rising per capita |
compared to split ACs , due to which many |
income and extreme climatic conditions in |
leading companies such as Samsung and |
most parts of the country are some of the |
LG have exited from the windows air |
major factors that are boosting the sales of |
conditioning segment while other major |
air conditioners in the country . In addition , |
companies like Voltas , Daikin , Blue Star , |
growing infrastructure developments |
etc ., have lowered the production of |
coupled with increasing activities in |
window air conditioners in the country . |
industrial and commercial sectors are |
Northern India generates the highest |
augmenting the demand for commercial |
revenue in the country ’ s air conditioners |
air conditioning systems in India . |
market , followed by Southern and Western |
According to “ India Air Conditioners |
regions . |
Market Forecast & Opportunities , 2020 ”, | |
Rising per capita income , changing |
projected to grow at a CAGR of over 10 % |
climatic conditions and consumer lifestyle |
during 2015-20 . The Indian air conditioning |
to drive air conditioners sales in India |
market is divided into two major segments : |
through 2020 . With a population of over a |
commercial air conditioners ( VRF , Chillers |
billion , India is one of the major developing |
& Others ) and Room Air Conditioners ( Split |
countries with huge middle class |
and Window air conditioners ), among |
population base and rising per capita |
which , residential air conditioners segment |
income . In comparison to other major |
witnessed a higher revenue share in 2014 . |
developing countries , the market |
This domination of room air conditioners |
penetration of air conditioners is very low |
segment is expected to continue over the |
in India , which offers a huge opportunity to |
next five years . Currently , the market for air |
leading air conditioner players . Some of the |
conditioners in India is dominated by |
major factors contributing to the increasing |
Voltas , followed by LG , Daikin and |
demand for air conditioners in the cou ntry |
Samsung . |
include hot climatic conditions prevailing |
“ On account of rising per capita income , |
through most part of the year , expanding |
changing consumer lifestyle and the |
middle class , growing construction sector |
country experiencing extreme hot and |
and increasing per capita income . |
humid climate for most part of a year , the |
Presently , the northern region accounts for |
demand for air conditioners in India is |
the largest share of the air conditioners |
expected to rise during the forecast period . |
market in India , followed by the southern |
Implementation of minimum energy |
region . With all major global players having |
efficiency performance standards by BEE |
set up their production facilities in India , |
and the need for cost effective air |
the country is also emerging as a major |
conditioning solutions is forecast to drive |
production hub for the SAARC region . |
demand for energy efficient air conditioners |
According to a recently published TechSci |
in India through 2020 .” said Mr . Karan |
Research report “ India Air Conditioners |
Chechi , Research Director with TechSci |
Market Forecast and Opportunities , 2020 ”, |
Research , a research based global |
the country ’ s air conditioners market is |
management consulting firm . |