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Market Report on India Air Conditioning Outlook, 2021

  • Date Submitted: 10/26/2015 04:04 AM
  • Flesch-Kincaid Score: 39.3 
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26st Oct 2015, – Navi   Mumbai, India: Market reports on India presents the latest report on “Market Report on India Air Conditioning Outlook, 2021”. The India air conditioning market consists of a range of product categories such as central plant systems, VRF systems, packaged/ducted systems as well as room air conditioners.

Air conditioning systems comprise the largest share of total HVAC system demand globally. http://www.marketreportsonindia.com/consumer-goods-market-research-reports-13102/india-air-conditioning.html   Growing urbanization is fuelling the construction of retail, hospitality and commercial properties and, in turn, expanding the market for air conditioning systems in India. Sudden spurt in mercury levels in central, western and southern regions in the country have increased month-on-month sales for most manufacturers. The market is mainly driven by the increasing demand of room air conditioners in residential and commercial areas. Most of the current market for air conditioning systems is concentrated in Tier-I and Tier-II cities where construction activity is the highest. As a result of the growing momentum towards smart cities, it is expected that the demand for air conditioning systems will continue to grow.

According to India Air Conditioning Market Outlook, 2021, Indias air conditioning market was growing with a CAGR of 6.82% over a period of five years. The India air conditioning market consists of a range of product categories such as central plant systems, VRF systems, packaged/ducted systems as well as room air conditioners. Room air Conditioners account for majority of the market share, followed by central plant, duct and VRF systems. The Tatas-owned Voltas has taken the top slot in the Indian air conditioning market, overtaking Korean white goods giant LG that has dominated the business for over a decade. The AC business is split into multiple segments: Room air-conditioners that are sold through multi-brand retailers and dedicated...

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