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India Air Conditioner Market Forecast 2018 to 2024

Growing retail and hospitality sectors, rising construction activities across airports, metros and new housing societies along with increasing establishment of SMEs and commercial hubs have fueled the market for air conditioners in India. Additionally, growth in construction market and increasing government spending towards public infrastructure has further spurred the air conditioner market in the country. Though the prices of air conditioners are increasing in India, however, companies are offering various kinds of schemes such as EMI and seasonal discounts which are attracting middle class population of the country. Growing retail and hospitality sectors, rising construction activities across airports, metros and new housing societies along with increasing establishment of SMEs and commercial hubs have fueled the market for air conditioners in India. Additionally, growth in construction market and increasing government spending towards public infrastructure has further spurred the air conditioner market in the country.

Though the prices of air conditioners are increasing in India, however, companies are offering various kinds of schemes such as EMI and seasonal discounts which are attracting middle class population of the country.

According to 6Wreaserch, India Air Conditioner Market revenues are projected to grow at a CAGR of 12.2 percent during 2018-2024. India Air Conditioner Market is high competitive and fragmented with presence of domestic, international and unorganized market participants. The market is broadly divided into seven segments; within that split air conditioner segment dominates the market and would continue to lead throughout the forecast period. The demand for these air conditioners is primarily growing in the residential market. The VRF/VRV segment is also gaining popularity in the market. In India, the Northern region has captured major share in the overall air conditioner market followed by the Southern and Western region.― WhaTech

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