Indian room AC market to grow at a CAGR of 13.7 percent

The Indian room air-conditioner market is projected to grow at a CAGR of 13.7 percent during 2019 to 2025, states ResearchAndMarkets. Growing retail and hospitality sectors, rising construction activities across new housing societies along with increasing establishment of SMEs and commercial hubs, have fueled the market for room air conditioners in India. Additionally, growth in construction projects across all metros and Tier-I and Tier-II cities has further spurred the growth of room air-conditioner market in the country. Though the prices of room air conditioners are increasing in India, companies are offering various kinds of schemes, such as EMI and seasonal discounts, which are highly attracting middle-class population of the country. By capacity, 1- to 2-ton room air conditioners exhibited largest market revenue share in the overall India room air-conditioner market share. The typical average room size of an Indian household makes them best suited for consumers to buy them. In India, the Northern region has captured major share in the overall room air-conditioner market in India on account of improving residential sector followed by the Southern and Western region.

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