India Air Conditioning Market Outlook, 2021

 Published On: Sep, 2015 |    No of Pages: 127 |  Published By: Bonafide Research | Format: PDF
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Air conditioning systems comprise the largest share of total HVAC system demand globally. 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”, India’s 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 dealerships; Variable Refrigerant Volume (VRV) and duct ACs, which are used in commercial spaces such as offices and restaurants; and chillers for large building projects like airports and shopping malls are institutional sales.    

Foreign manufacturers are continuously establishing capabilities in India to capture the room air conditioners market that is propelled by growth factors such as high disposable incomes, large base of middle-class households, and the propensity of the young workforce to spend on electrical and electronic goods. North, northwest and central India contributes over one-third of AC sales in the country. In India, six major cities account for almost 80% sales of room air conditioners. Delhi is the largest market in Northern India while Hyderabad is the largest market in Southern India, followed by Chennai and Bangalore. In room air conditioning segment, the market share of window air conditioners has been witnessing a continuing decline over the last few years on account of decreasing price gap and lower energy-efficiency in comparison with split air conditioners. Consumers are buying more energy-efficient products and hence the 4-Star and 5-Star ACs are selling faster. Apart from these conventional air conditioners, inverter AC is the newest on the block and fast catching the Indian market. Manufacturers are also aggressive pushing the inverter ACs in the market.
1.Executive Summary
2. lobal Air Conditioning Market Outlook
2.1.Market Size By Value
2.1.1.Overall Market
2.2. Market Size By Volume
2.2.1.Overall Market
2.3. Market Share
2.3.1.By Company
2.3.2.By Region
2.3.3.By Country
2.3.4.By Type
3. India Air Conditioning Market Outlook
3.1.Market Size By Value
3.1.1.Overall Market
3.1.2.Central Air Conditioning Plant Market
3.1.3.Duct Air Conditioning Market
3.1.4.VRF Air Conditioning Market
3.2. Market Share
3.2.1.By Company
3.2.2.By Segment
3.2.3.By Sales Channel
3.3.India Room Air Conditioning Market
3.3.1.Market Size By Value
3.3.1.1.Overall Market
3.3.1.2.Spilt Air Conditioner Market
3.3.1.3.Window Air Conditioner Market
3.3.2.Market Size By Volume
3.3.3.Market Share
3.3.3.1.By Company
3.3.3.2.By Region
3.3.3.3.By City
3.3.3.4.By Geography
3.3.3.5.By Type
3.3.3.6.By Application
3.3.3.7.By Split AC Types
4.Pricing Analysis
5.India Economic Snapshot
6.Raw Material
7.Market Penetration
8.PEST Analysis
9.Policy & Regulatory Landscape
10.Trade Dynamics
10.1.Import
10.2.Export
11.Channel Partner Analysis
12.India Air Conditioning Market Dynamics
12.1.Key Drivers
12.2.Key Challenges
13.Market Trends & Developments
13.1.Room AC Segment Fast Catching Up
13.2.Competition between Split AC and Window AC
13.3.Players Focusing on Tier II and Tier III Cities
13.4.Inverter Technology: The Newest on the Block
13.5.Solar Powered Air Conditioning
14.Competitive Landscape
14.1.Porters Five Forces
14.2.Company Profiles
14.2.1.Voltas Limited
14.2.2.Samsung India
14.2.3.LG Electronics India Pvt. Ltd.
14.2.4.Panasonic India Pvt. Ltd.
14.2.5.Godrej & Boyce Mfg. Co. Ltd.
14.2.6.Daikin Air Conditioning India Pvt. Ltd.
14.2.7.Haier Appliances India Ltd.
14.2.8.Carrier Midea India Private Limited
14.2.9.Blue Star Limited
14.2.10.Videocon Consumer Electronics & Home Appliances
15.Strategic Recommendations
16.Disclaimer

LIST OF FIGURES
Figure-1: Global Air Conditioning Market Size – By Value 2010-2014 (USD Billion)
Figure-2: Global Air Conditioning Market Size Forecast – By Value 2015F-2021F (USD Billion)
Figure-3: Global Air Conditioning Market Size – By Volume 2010-2014 (Million Units)
Figure-4: Global Air Conditioning Market Size Forecast – By Volume 2015F-2021F (Million Units)
Figure-5: Global Air Conditioning Market Share – By Company 2014 & 2021F
Figure-6: Global Air Conditioning Market Share – By Region 2014 & 2021F
Figure-7: Global Air Conditioning Market Share – By Country 2014 (Value & Volume)
Figure-8: Global Air Conditioning Market Share – By Country 2021F (Value & Volume)
Figure-9: Global Air Conditioning Market Share – By Type 2014 (Value & Volume)
Figure-10: Global Air Conditioning Market Share – By Type 2021F (Value & Volume)
Figure-11: India Air Conditioning Market Size – By Value 2009-2014 (INR Crore)
Figure-12: India Air Conditioning Market Size Forecast – By Value 2015F-2021F (INR Crore)
Figure-13: India Central Air Conditioning Plant Market Size – By Value 2009-2021F (INR Crore)
Figure-14: India Duct Air Conditioning Market Size – By Value 2009-2021F (INR Crore)
Figure-15: India VRF Air Conditioning Market Size – By Value 2009-2021F (INR Crore)
Figure-16: India Air Conditioning Market Share – By Company 2014 & 2021F
Figure-17: India Air Conditioning Market Share – By Segment 2014 & 2021F
Figure-18: India Air Conditioning Market Share – By Sales Channel 2014 & 2021F
Figure-19: India Room Air Conditioning Market Size – By Value 2009-2014 (INR Crore)
Figure-20: India Room Air Conditioning Market Size Forecast – By Value 2015F-2021F (INR Crore)
Figure-21: India Split Air Conditioner Market Size – By Value 2009-2021F (INR Crore)
Figure-22: India Window Air Conditioner Market Size – By Value 2009-2021F (INR Crore)
Figure-23: India Room Air Conditioning Market Size – By Volume 2009-2014 (Million Units)
Figure-24: India Room Air Conditioning Market Size – By Volume 2015F-2021F (Million Units)
Figure-25: India Room Air Conditioning Market Share – By Company 2014 & 2021F
Figure-26: India Room Air Conditioning Market Share – By Region By Volume 2014 & 2021F
Figure-27: India Room Air Conditioning Market Share – By City 2014 & 2021F
Figure-28: India Room Air Conditioning Market Share – By Geography 2014 & 2021F
Figure-29: India Room Air Conditioning Market Share – By Type 2014 & 2021F
Figure-30: India Room Air Conditioning Market Share – By Application 2014 & 2021F
Figure-31: India Room Air Conditioning Market Share – By Split AC Types By Volume 2014 & 2021F
Figure-32: India Room Air Conditioner Market Penetration 2009-2021F
Figure-33: Penetration of Room Air Conditioners in Developing Asian Countries 2014
Figure-34: Import of Air Conditioning Spare Parts From 2010-11 to 2014-15 (Value & Volume)
Figure-35: Major Countries Exporting Air Conditioning Spare Parts to India 2014
Figure-36: Export of Air Conditioning Spare Parts From 2010-11 to 2014-15 (Value & Volume)
Figure-37: Major Countries Importing Air Conditioning Spare Parts From India 2014
Figure-38: Distribution Channel followed by Air Conditioner Manufacturers in India

LIST OF TABLES
Table-1: Price of Various Split Air Conditioners Available in India 2014 (INR)
Table-2: Price of Various Window Air Conditioners Available in India 2014 (INR)
Table-3: Price of Various Inverter Air Conditioners Available in India 2014 (INR)
Table-4: India Economic Profile – 2014
Table-5: Penetration Level of Consumer Durables in Urban India 2014
Table-6: Key Facts of Voltas Limited
Table-7: Key Facts of Samsung India
Table-8: Key Facts of LG Electronics India Pvt. Ltd.
Table-9: Key Facts of Panasonic India Pvt. Ltd.
Table-10: Key Facts of Godrej & Boyce Mfg. Co. Ltd.
Table-11: Key Facts of Daikin Air conditioning India Pvt. Ltd.
Table-12: Key Facts of Haier Appliances India Ltd.
Table-13: Key Facts of Carrier Midea India Private Limited (CMI)
Table-14: Key Facts of Blue Star Limited
Table-15: Key Facts of Videocon Consumer Electronics & Home Appliances

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