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Air Conditioning Market in India 2017-2021

Air Conditioning Market in India 2017-2021

About Air Conditioning

Air conditioners are machines that control humidity, ventilation, and temperature of rooms, buildings, and vehicles. The market has two segmentations, residential and commercial markets. The products under consideration are window ACs and split ACs. The report only covers the air conditioning market in India. The global air conditioning market has changed rapidly over time with respect to technology and innovation in the field of coolers, filters, compressors, and sensors, which are used in smart air conditioners (ACs). These technologies help in developing energy-efficient ACs, which expand the customer base. The growth of the global residential and commercial construction market is driving the global air conditioning market.

Technavio’s analysts forecast the air conditioning market in India to grow at a CAGR of 10.39% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the air conditioning market in India for 2017-2021. To calculate the market size, the report considers the sales, volume, and value of split and window ACs.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Air Conditioning Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daikin Airconditioning India
  • Johnson Controls - Hitachi Air Conditioning
  • Mitsubishi Electric
  • Voltas
Other prominent vendors
  • Blue Star
  • Carrier
  • Godrej
  • LG
  • Lloyd Electric & Engineering
  • General
  • Onida
  • Whirpool
  • Samsung
Market driver
  • Increase in electronic retail store and e-commerce
  • For a full, detailed list, view our report
Market challenge
  • High cost of energy-efficient ACs and maintenance of traditional ACs
  • For a full, detailed list, view our report
Market trend
  • Increased demand for solar powered ACs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Air Conditioning Market in India 2017-2021

Technavio recognizes the following companies as the key players in the air conditioning market in India: Daikin Air-conditioning India, Johnson Controls - Hitachi Air Conditioning, Mitsubishi Electric, and Voltas.

Other Prominent Vendors in the market are: Blue Star, Carrier, Godrej, LG, Lloyd Electric & Engineering, O General, Onida, Whirpool, and Samsung.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased demand for solar powered ACs. The most effective way of reducing power shortage is to reduce the load on the power supply. Consumers have started investing in energy-efficient products, which consume less power. This shortage of power has led many vendors to invest in R&D and energy-efficiency products like solar powered ACs.”

According to the report, one of the major drivers for this market is Increase in electronic retail store and e-commerce. Electronic retail stores are organized stores where electronic goods of different brands are available. These stores are expected to grow at a CAGR around 2% during the forecast period. Indian consumers demand stores that offer a good ambience, multiple brands, and correctly priced goods under one roof. The increase in changing lifestyle and rise in the income of consumers are driving the electronic retail market in India. The increase in financial services and easy payment modes are the other attributes increasing the volume sales of ACs at electronic retail stores.

Further, the report states that one of the major factors hindering the growth of this market is High cost of energy-efficient ACs and maintenance of traditional ACs. The purchase of ACs in India with consideration of the price and technology is quite a challenge. This is because energy-efficient ACs are high-priced, while the other normal variants consume high energy and increase power bills.

Companies Mentioned

Daikin Air-conditioning India, Johnson Controls - Hitachi Air Conditioning, Mitsubishi Electric, Voltas, Blue Star, Carrier, Godrej, LG, Lloyd Electric & Engineering, O General, Onida, Whirpool, and Samsung.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global air conditioning market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Air conditioning market in India
    • Market size and forecast
      • Table Air conditioning market in India 2016-2021 ($ millions)
      • Table Air conditioning market in India 2016-2021 (units in millions)
      • Table Air conditioning market in India: Hierarchy of brands
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Air conditioning market in India: Market share of window AC and split AC 2016 (% revenue)
      • Table Air conditioning market in India: Market share of split AC 2016
      • Table Air conditioning market in India: Segmentation by product 2016 and 2021 (% share of revenue)
    • Split AC market in India
      • Table Split AC market in India 2016-2021 ($ millions)
    • Window AC market in India
      • Table Window AC market in India 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Air conditioning market in India: Segmentation by end-users 2016 and 2021 (% share of revenue)
    • Residential users
      • Table Air conditioning market in India by residential users 2016-2021 ($ millions)
    • Commercial users
      • Table Air conditioning market in India by commercial users 2016-2021 ($ millions)
  • Geographical segmentation
    • Geographical segmentation in India
      • Table Air conditioning market in India: Segmentation by region 2016 (% share of revenue)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major mall construction coming up in the next two to three years (% share of major mall constructions)
      • Table Per capita income of India 2011-2015 (. in thousands)
    • Market challenges
      • Table Repair or replacement of AC parts
  • Market trends
    • Increased demand for solar powered ACs
    • Introduction of smart and inverter ACs
    • AC manufacturers eyeing smaller cities
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Daikin Airconditioning India
      • Table Daikin Industries: Business segmentation 2016 (% share of revenue)
      • Table Daikin Industries: Geographical segmentation 2016 (% share of revenue)
      • Table Daikin Airconditioning India: Product portfolio
    • Johnson Controls - Hitachi Air Conditioning
      • Table Johnson Controls - Hitachi Air Conditioning: Business segmentation 2016 (% share of revenue)
      • Table Johnson Controls - Hitachi Air Conditioning: Business segmentation by product
    • Voltas
      • Table Voltas: Business segmentation 2016 (% share of revenue)
      • Table Voltas: Business segmentation by product
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Business segment by revenue 2016
      • Table Mitsubishi Electric: Business segmentation by products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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