India VRF Air Conditioner Market Outlook (2021-2027): Market Forecast By Compressor (Air Cooled, Water Cooled), By Components (Indoor Units, Outdoor Units, Control System And Accessories), By System Types (Heat Pump System (Air-Source, Ground-Source, Absorption), Heat Recovery System), By Applications (Residential, Commercial, Industrial), By Regions (Northern, Western, Eastern, Southern) And Competitive Landscape

Abstract
India VRF Air Conditioner Market comprehensively covers the market by the compressor, components, system types, applications, and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India VRF Air Conditioner Market Synopsis
India VRF air conditioner market has started growing over the past few years due to the rising construction activities across airports, metro railway stations, commercial spaces, and the growing retail sector through commercial malls. Furthermore, the government's increasing spending towards public infrastructure and urbanization through initiatives such as "Smart Cities Mission" has further spurred the VRF air conditioner market in the country.

The COVID-19 pandemic has negatively affected the air conditioners industry in terms of lower demand due to strict lockdowns disrupting the supply chain and rise in the prices of raw materials because several manufacturers import raw materials from China, South Korea, and Malaysia. However, companies are trying to balance the situation by offering various schemes such as EMI and seasonal discounts and finance options that attract numerous stakeholders of the market to choose VRF air conditioners.

According to 6Wresearch, India VRF Air Conditioner Market size  is projected to grow at a CAGR of 9.6% during 2021-2027F. India VRF Air Conditioner market is highly competitive and fragmented with international and unorganized market participants. Additionally, growth in several construction projects across metro & tier-2 cities such as Bhopal, Indore, Surat, etc., would further increase the demand for VRF air conditioners in the country in the coming years. In terms of market segment in 2020, by compressor types, the water-cooled held major India VRF air conditioner market share due to the price gap compared to the air-cooled compressors and increasing adoption of water-cooled compressors in the residential segment.

Market by System Types Analysis
By System types, the heat pump system dominated the market revenues in 2020 compared to the heat recovery system on account of its different applications in different industries such as power plants, manufacturing factories etc.

Market by Components Analysis
For 2020, the Outdoor units connected to multiple indoor units dominated the India VRF air conditioner market. The prominent reason for the increased demand for outdoor units in India is utilizing multiple split air conditioner systems. The commercial offices, buildings, and buildings aim to minimize their costs- the VRF systems are comparatively energy-efficient to their counterparts due to the facility of outdoor air-cooled condensers, thus augmenting the demand for outdoor units.

Key Attractiveness of the Report
COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2017 to 2020.
Base Year: 2020
Forecast Data until 2027.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report
India VRF Air Conditioner Market Overview
India VRF Air Conditioner Market Outlook
India VRF Air Conditioner Market Forecast
India VRF Air Conditioner Market Growth
Historical Data and Forecast of India VRF Air Conditioner Market Revenues for the Period 2017-2027F
Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Compressor, for the Period 2017-2027F
Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Components, for the Period 2017-2027F
Historical Data and Forecast of India VRF Air Conditioner Market Revenues By System Types, for the Period 2017-2027F
Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Applications, for the Period 2017-2027F
Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Regions, for the Period 2017-2027F
Market Drivers
Market Restraints
India VRF Air Conditioner Market Trends
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Opportunity Assessment
Market Player’s Revenue Shares
Market Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:

By Compressor
Air Cooled
Water Cooled

By Components
Indoor Units
Outdoor Units
Control System and Accessories

By System Types
Heat Pump System
Air-source
Ground-source
Absorption
Heat Recovery System

By Applications
Residential
Commercial
Industrial

By Regions
Northern
Western
Eastern
Southern

Content
Table of Contents

1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. India VRF Air Conditioner Market Overview
3.1. India VRF Air Conditioner Market Revenues, 2017-2027F
      3.1.1 India VRF Air Conditioner Market Capacity, 2017-2027F
3.2. India VRF Air Conditioner Market-Industry Life Cycle
3.3. India VRF Air Conditioner Market-Ecosystem
3.4. India VRF Air Conditioner Market-Porter’s Five Forces
  3.5 India VRF Air Conditioner Market Revenue Share, By Compressor, 2020 & 2027F
3.6 India VRF Air Conditioner Market Revenue Share, By Components, 2020 & 2027F
3.7 India VRF Air Conditioner Market Revenue Share, By System Types, 2020 & 2027F
3.8 India VRF Air Conditioner Market Revenue Share, By Applications, 2020 & 2027F
3.9 India VRF Air Conditioner Market Revenue Share, By Regions, 2020 & 2027F
4. COVID-19 Impact Analysis on India VRF Air Conditioner Market
5. India VRF Air Conditioner Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. India VRF Air Conditioner Market Evolution
7. India VRF Air Conditioner Market Overview, By Compressor
7.1 India VRF Air Conditioner Market Revenues, By Air-Cooled, 2017-2027F
7.2 India VRF Air Conditioner Market Revenues, By Water-Cooled, 2017-2027F
8. India VRF Air Conditioner Market Overview, By Components
8.1 India VRF Air Conditioner Market Revenues, By Indoor Units, 2017-2027F
8.2 India VRF Air Conditioner Market Revenues, By Outdoor Units, 2017-2027F
8.3 India VRF Air Conditioner Market Revenues, By Control System and Accessories, 2017-2027F
9. India VRF Air Conditioner Market Overview, By System Types
9.1 India VRF Air Conditioner Market Revenues, By Heat Pump System, 2017-2027F
9.2 India VRF Air Conditioner Heat Pump System Market Revenue Share, By Types, 2020 & 2027F
     9.2.1 India VRF Air Conditioner Market Revenues, By Ground-source, 2017-2027F
     9.2.2 India VRF Air Conditioner Market Revenues, By Air-source, 2017-2027F
     9.2.3 India VRF Air Conditioner Market Revenues, By Absorption, 2017-2027F
9.3 India VRF Air Conditioner Market Revenues, By Heat Recovery System, 2017-2027F
10. India VRF Air Conditioner Market Overview, By Applications
10.1 India VRF Air Conditioner Market Revenues, By Residential Application, 2017-2027F
10.2 India VRF Air Conditioner Market Revenues, By Industrial Application, 2017-2027F
10.3 India VRF Air Conditioner Market Revenues, By Commercial Application, 2017-2027F
11. India VRF Air Conditioner Market Overview, By Regions
 11.1 India VRF Air Conditioner Market Revenues, By Northern Region, 2017-2027F
 11.2 India VRF Air Conditioner Market Revenues, By Southern Region, 2017-2027F
 11.3 India VRF Air Conditioner Market Revenues, By Western Region, 2017-2027F
 11.4 India VRF Air Conditioner Market Revenues, By Eastern Region, 2017-2027F
12. India VRF Air Conditioner Market Key Performance Indicators
13. India VRF Air Conditioner Market Opportunity Assessment
 13.1 India VRF Air Conditioner Market Opportunity Assessment, By Compressor, 2027F
 13.2 India VRF Air Conditioner Market Opportunity Assessment, By Components, 2027F
 13.3 India VRF Air Conditioner Market Opportunity Assessment, By System Types, 2027F
 13.4 India VRF Air Conditioner Market Opportunity Assessment, By Applications, 2027F
14. India VRF Air Conditioner Market Competitive Landscape
14.1 India VRF Air Conditioner Market Revenues Share, By Companies, 2020
14.2 India VRF Air Conditioner Market Competitive Benchmarking, By Technical Parameters
14.3 India VRF Air Conditioner Market Competitive Benchmarking, By Operating Parameters
15. Company Profiles
15.1 Blue Star Limited
15.2 Carrier India Pvt Ltd
15.3 Daikin Airconditioning India Pvt Ltd
15.4 Fujitsu General (India) Pvt Ltd
15.5 Johnson Controls-Hitachi Air Conditioning
15.6 LG Electronics India Pvt Ltd
15.7 Mitsubishi Electric India Pvt Ltd
15.8 Panasonic Corporation
15.9 Samsung India Electronics Ltd
15.10 Voltas Limited
16. Key Strategic Recommendations
17. Disclaimer

List of Figures
Figure 1. India VRF Air Conditioner Market Revenues, 2017-2027F (INR Crores)
Figure 2. India VRF Air Conditioner Market Capacity, 2017-2027F (Thousand HP)
Figure 3. India VRF Air Conditioner Market Revenue Share, By Compressor 2020 & 2027F
Figure 4. India VRF Air Conditioner Market Revenue Share, By Components 2020 & 2027F
Figure 5. India VRF Air Conditioner Market Revenue Share, By System Types 2020 & 2027F
Figure 6. India VRF Air Conditioner Market Revenue Share, By Applications 2020 & 2027F
Figure 7. India VRF Air Conditioner Market Revenue Share, By Regions 2020 & 2027F
Figure 8. Real Estate Market Size in India, 2017- 2030F (INR Crores)
Figure 9. Co-living Market Size in India (Top 30 Cities), 2020 & 2025F (INR Crores)
Figure 10. India’s Per Capita GDP, 2017- 2022F, INR Lakhs
Figure 11. Percentage of Population Living in Urban Areas (2016-2036F)
Figure 12. Copper Prices, October 2020-March 2021 (INR)
Figure 13. India VRF Air Conditioner Market Revenues, By Air-Cooled Compressor, 2017-2027F (INR Crores)
Figure 14. India VRF Air Conditioner Market Revenues, By Water-Cooled Compressor, 2017-2027F (INR Crores)
Figure 15. India VRF Air Conditioner Market Revenues, By Heat Pump System, 2017-2027F (INR Crores)
Figure 16. India VRF Air Conditioner Market Revenue Share, By Types, 2020 & 2027F
Figure 17. India VRF Air Conditioner Market Revenues, By Heat Recovery System Types, 2017-2027F (INR Crores)
Figure 18. India VRF Air Conditioner Market Revenues, By Northern Region, 2017-2027F (INR Crores)
Figure 19. India VRF Air Conditioner Market Revenues, By Southern Region, 2017-2027F (INR Crores)
Figure 20. India VRF Air Conditioner Market Revenues, By Western Region, 2017-2027F (INR Crores)
Figure 21. India VRF Air Conditioner Market Revenues, By Eastern Region, 2017-2027F (INR Crores)
Figure 22. New Sites/Outlets of Full- Service Restaurants and Cafes/ Bars added per year in India, 2017-2022F
Figure 23. New hotels/sites / Outlets and Rooms added per year in India, 2018-2023
Figure 24. Net Office Space Leasing India, 2019 (Million Square Feet)
Figure 25. India Real Estate Market Size, 2019 & 2040F (INR Crores)
Figure 26. India Residential Market Size, 2017- 2030F (INR Lakh Crores)
Figure 27. India Urban Population, 2015- 2025F (INR Lakh Crores)
Figure 28. India VRF Air Conditioner Market Opportunity Assessment, By Compressor, 2027F
Figure 29. India VRF Air Conditioner Market Opportunity Assessment, By Components, 2027F
Figure 30. India VRF Air Conditioner Market Opportunity Assessment, By System Types, 2027F
Figure 31. India VRF Air Conditioner Market Opportunity Assessment, By Applications, 2027F
Figure 32. India VRF Air Conditioner Market Revenue Share, By Companies, 2020

List of Tables
Table 1. Major Upcoming Infrastructure Projects in India (Transport & Commercial), 2023-30
Table 2. India VRF Air Conditioner Market Revenues, By Components, 2017-2027F (INR Crores)
Table 3. India VRF Air Conditioner Market Revenues, By Types, 2017-2027F (INR Crores)
Table 4. India VRF Air Conditioner Market Revenues, By Applications, 2017-2027F (INR Crores)