Air Conditioner Market in India witnessed a significant growth rate over the past few years owing to the growing retail and hospitality sectors, rising construction activities across airports, metros, and new housing societies along with the increasing establishment of SMEs and commercial hubs. Additionally, the growth in the construction market and increasing government spending towards public infrastructure would further spur the air conditioner market in the country in the coming years.

According to 6Wresearch, India Air Conditioner Market size is projected to grow at CAGR of 10.7% during 2021-27.  The air conditioner market in India is highly competitive and fragmented with the presence of domestic, international, and unorganized market participants. The market is broadly divided into four segments. Room air conditioners dominate the AC market share across all the segments due to the strengthening of the residential sector, rising construction of new housing societies along with the establishment of SMEs. Additionally, growth in the number of construction projects across metro & tier-2 cities would further increase the demand for room air conditioners in the country in the coming years. In terms of market segment by room types, the split ACs held the largest share within the room air conditioner market in both in the revenue as well as in the volume share in the year 2020 due to the changing preferences of the consumers towards adopting the energy-efficient products and their rising adoption in residential and SME segments.

Key Highlights of the Report

• India Air Conditioner Market Overview.
• India Air Conditioner Market Outlook.
• India Air Conditioner Market Trends
• India Air Conditioner Market Forecast.
• Industry Life Cycle
• SWOT Analysis
• Market Drivers, Restraints
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations
• Market Opportunity Assessment
• India Air Conditioner Market Share, By Companies