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Heating, Ventilation and Air Conditioning (HVAC) Systems in India 2015-2019

Heating, Ventilation and Air Conditioning (HVAC) Systems in India 2015-2019

About HVAC systems

HVAC systems help in maintaining air quality in residential and commercial establishments by adequately ventilating and filtering it, and ensuring thermal balance. Significant policies on refrigerant use, stringent and eco-friendly norms, safety pre-requisites, advances in technology, and efficient use of products and services have influenced the market players to improve their business strategies and product offerings. These factors in turn play a significant role in creating a pertinent demand for efficient HVAC system.

Technavio's analysts forecast the HVAC market in India to grow at a CAGR of 10.61% over the period 2014-2019.

Covered in this report

The report includes the present scenario and the growth prospects of the HVAC market in India for 2015-2019. The market can be segmented into three divisions: split AC, window AC, and others.

Technavio's report, HVAC Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the HVAC market in India and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

  • Blue Star
  • Carrier
  • Daikin
  • ETA
  • Voltas
  • Other prominent vendors
    • Danfoss
    • Hitachi Home and Life Solutions
    • Johnson Controls York
    • Kirloskar
    • LG
    • Lloyd
    • Onida
    • Panasonic
    • Samsung
    • Thermax
    • Toshiba
    • Trane
    • Zeco
    Key market driver
    • Growth in infrastructure
    • For a full, detailed list, view our report
    Key market challenge
    • Insufficient power supply
    • For a full, detailed list, view our report
    Key market trend
    • Development of smart cities
    • For a full, detailed list, view our report
    Key questions answered in this report
    • What will the market size be in 2019 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 – HVAC Systems in India 2015-2019

    Technavio recognizes the following companies as the key players in the HVAC Systems in India: Blue Star, Carrier Corporation, Daikin Industries, ETA and Voltas

    Other Prominent Vendors in the market are: Danfoss, Hitachi Home and Life Solutions, Johnson Controls York, Kirloskar, LG, Lloyd, Onida, Panasonic, Samsung, Thermax, Toshiba, Trane, and Zeco.

    Commenting on the report, an analyst from Technavio’s team said: “Smart buildings use communications and automation technologies to integrate subsystems such as HVAC, lighting, smart meters, fire protection, surveillance, access control systems, water, UPS, and elevators. These systems share information to optimize the performance of the buildings. Smart buildings are typically designed to synchronize with smart grids to optimize energy requirements.”

    According to the report, rising urbanization and economic growth have led to the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities in India. The expansion of commercial space, addition of new office and floor spaces, corporate hubs and special economic zones (SEZs), and the proliferation of organized retail outlets are all driving the demand for HVAC installations across the country.

    Further, the report states that a demand-supply imbalance in power is a major constraint that restricts the deployment of HVAC systems for both residential and commercial use. Consumers are wary about purchasing older HVAC systems, which tend to be more power-intensive.

    Companies Mentioned

    Blue Star, Carrier Corporation, Daikin Industries, ETA, Voltas, Danfoss, Hitachi Home and Life Solutions, Johnson Controls York, Kirloskar, LG, Lloyd, Onida, Panasonic, Samsung, Thermax, Toshiba, Trane, Zeco.

    • Executive summary
      • Highlights
    • Scope of the report
      • Market overview
      • Top-vendor offerings
    • Market research methodology
      • Research methodology
      • Economic indicators
    • Introduction
      • Key market highlights
    • Market landscape
      • Market overview
        • Table HVAC market in India
      • Market size and forecast
        • Table HVAC market in India ($ billions)
        • Table HVAC market in India (million units)
      • Five forces analysis
    • Market segmentation by product
      • Table HVAC market in India 2014-2019
      • Split AC market in India
        • Table Spilt AC market in India 2014-2019 (millions of units)
      • Window AC market in India
        • Table Window AC market in India 2014-2019 (thousands of units)
      • Others
      • VRF market in India
        • Table VRF market in India 2014-2019 (thousands)
      • Indoor-packaged systems market in India
        • Table Indoor-packaged systems market in India 2014-2019 (thousands)
      • Chillers market in India
        • Table Chillers market in India 2014-2019 (thousands)
      • AHU and FCU market
    • Market segmentation by end user
      • HVAC market in India by end-users
        • Table HVAC market in India by end-users 2014-2019
      • HVAC market in India by residential sector
        • Table HVAC market in India by residential sector 2014-2019 ($ billions)
      • HVAC market in India by commercial sector
        • Table HVAC market in India by commercial sector 2014-2019 ($ billions)
    • Market drivers
      • Table Status-wise SEZs in India (as of March 2015)
    • Impact of drivers
      • Table Impact of drivers
    • Market challenges
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges
    • Market trends
    • Vendor landscape
      • Competitive scenario
      • Other prominent vendors
    • Key vendor analysis
      • Blue Star
        • Table Blue Star: Business segmentation by revenue 2014
        • Table Blue Star: Business segmentation by revenue 2014 and 2015
        • Table Blue Star: Geographical segmentation by revenue 2015
      • Carrier
        • Table Carrier: Product segmentation
      • Daikin Industries
        • Table Daikin Industries: Business segmentation by revenue 2015
        • Table Daikin Industries: Business segmentation by revenue 2014 and 2015 ($ billions)
        • Table Daikin Industries: Geographical segmentation by revenue 2015
      • ETA
      • Voltas
        • Table Voltas: Business segmentation by revenue 2015
        • Table Voltas: Business segmentation by revenue 2014 and 2015 ($ millions)
        • Table Voltas: Geographical segmentation by revenue 2015
    • Appendix
      • List of abbreviations
    • Explore Technavio

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