Report cover image

India Air Conditioners Market Growth Analysis - Forecast Trends and Outlook (2025-2034)

Publisher Expert Market Research
Published Jun 29, 2025
Length 115 Pages
SKU # EMAR20153986

Description

The India air conditioner market size reached USD 3.15 Billion in 2024. The market is expected to grow at a CAGR of 7.78% between 2025 and 2034, reaching USD 6.66 Billion by 2034.

The India air conditioner market growth is boosted by window AC since they are convenient for residential use, consume less energy, compatible with inverters, and can be installed easily in window panels.

Window AC units are convenient and a budget-friendly choice for residential and commercial buildings. They offer easy installation, energy efficiency, and portability and can be installed without ducts thus taking up less space. This makes them ideal for older buildings, and apartments, providing a cool and comfortable environment without any hassle.

In February 2024, Panasonic launched its latest air conditioner lineup in India, featuring innovative technology such as Matter-enabled Room ACs powered by Miraie. This launch included 7-in-1 convertible Room ACs and a range of 2024 inverter ACs. Panasonic also introduced 60 new models across its AC range.

Central AC units provide centralised cooling, ensuring uniform comfort throughout. They enhance indoor quality by filtering air, reducing indoor noise, and increasing property value. Central ACs are compatible with smart thermostats for precise control, they offer long-term cost savings despite the initial investment.

Market Segmentation

India Air Conditioner Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:
  • Window AC
  • Central AC
  • Split AC
Market Breakup by Size:
  • <12K BTU
  • 12K-36K BTU
  • 36K-60K BTU
  • 60K+ BTU
Market Breakup by End Use:
  • Commercial
  • Residential
Market Breakup by Distribution Channel:
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Channels
  • Others
Market Breakup by Region:
  • North India
  • East and Central India
  • West India
  • South India
Competitive Landscape

The India air conditioner market key players are:
  • Carrier Global Corporation
  • Tata Sons Private Limited
  • LG Corporation
  • AB Electrolux
  • Daikin Industries, Ltd.
  • Haier Group Corp.
  • Samsung Electronics Co. Ltd.
  • Panasonic Holdings Corporation
  • Johnson Controls International Plc
  • Mitsubishi Electric Corp.
  • Others

Table of Contents

115 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Air Conditioner Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Air Conditioner Historical Market (2018-2024)
5.3 Asia Pacific Air Conditioner Market Forecast (2025-2034)
5.4 Asia Pacific Air Conditioner Market Share by Region
5.4.1 China
5.4.2 Japan
5.4.3 India
5.4.4 ASEAN
5.4.5 Australia
5.4.6 Others
6 India Air Conditioner Market Overview
6.1 Key Industry Highlights
6.2 India Air Conditioner Historical Market (2018-2024)
6.3 India Air Conditioner Market Forecast (2025-2034)
7 India Air Conditioner Market by Type
7.1 Window AC
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Central AC
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Split AC
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
8 India Air Conditioner Market by Size
8.1 <12K BTU
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 12K-36K BTU
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 36K-60K BTU
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 60K+ BTU
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
9 India Air Conditioner Market by End Use
9.1 Commercial
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Residential
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 India Air Conditioner Market by Distribution Channel
10.1 Hypermarkets/Supermarkets
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Specialty Stores
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Online Channels
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Others
11 India Air Conditioner Market by Region
11.1 North India
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 East and Central India
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 West India
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 South India
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Trade Data Analysis (HS Code – 841583)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Carrier Global Corporation
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 Tata Sons Private Limited
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 LG Corporation
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 AB Electrolux
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Daikin Industries, Ltd.
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 Haier Group Corp.
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 Samsung Electronics Co. Ltd.
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 Panasonic Holdings Corporation
14.5.8.1 Company Overview
14.5.8.2 Product Portfolio
14.5.8.3 Demographic Reach and Achievements
14.5.8.4 Certifications
14.5.9 Johnson Controls International Plc
14.5.9.1 Company Overview
14.5.9.2 Product Portfolio
14.5.9.3 Demographic Reach and Achievements
14.5.9.4 Certifications
14.5.10 Mitsubishi Electric Corp.
14.5.10.1 Company Overview
14.5.10.2 Product Portfolio
14.5.10.3 Demographic Reach and Achievements
14.5.10.4 Certifications
14.5.11 Others

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us