India Air Conditioning Market Overview

 Published On: Dec, 2015 |    No of Pages: 70 |  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 Overview”, 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. “India Air Conditioning Market Overview” discusses the following aspects of air conditioning in India:
1. Executive Summary
2. Global 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.  Company Profiles
5.1.1. Voltas Limited
5.1.2. Samsung India
5.1.3. LG Electronics India Pvt. Ltd.
5.1.4. Panasonic India Pvt. Ltd.
5.1.5. Daikin Air Conditioning India Pvt. Ltd.
6. 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    

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: Key Facts of Voltas Limited
Table-5: Key Facts of Samsung India
Table-6: Key Facts of LG Electronics India Pvt. Ltd.
Table-7: Key Facts of Panasonic India Pvt. Ltd.
Table-8: Key Facts of Daikin Air conditioning India Pvt. Ltd.

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