The India air conditioners market size reached USD 3.40 Billion in 2025. The market is expected to grow at a CAGR of 7.78% between 2026 and 2035, reaching USD 7.19 Billion by 2035.
Base Year
Historical Period
Forecast Period
The demand for air conditioners in India is driven by growing number of commercial office space in the country.
In 2019, data from the Central Bureau of Health Intelligence (CBHI) indicated a total of 23,581 Government Hospitals and 22 Central Government Hospitals.
The proliferation of new products with energy-saving technologies is pushing the market.
Compound Annual Growth Rate
7.78%
Value in USD Billion
2026-2035
*this image is indicative*
The India air conditioners market growth is boosted by window AC since they are convenient for residential use, consume less energy, compatible with inverters, and can be installed easily in window panels.
Window AC units are convenient and a budget-friendly choice for residential and commercial buildings. They offer easy installation, energy efficiency, and portability and can be installed without ducts thus taking up less space. This makes them ideal for older buildings, and apartments, providing a cool and comfortable environment without any hassle.
In February 2024, Panasonic launched its latest air conditioner lineup in India, featuring innovative technology such as Matter-enabled Room ACs powered by Miraie. This launch included 7-in-1 convertible Room ACs and a range of 2024 inverter ACs. Panasonic also introduced 60 new models across its AC range.
Central AC units provide centralised cooling, ensuring uniform comfort throughout. They enhance indoor quality by filtering air, reducing indoor noise, and increasing property value. Central ACs are compatible with smart thermostats for precise control, they offer long-term cost savings despite the initial investment.
India Air Conditioners Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Size
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
The India air conditioners market key players are:
Commercial Air Conditioner (AC) Market
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The market was valued at USD 3.40 Billion in 2025.
The market is projected to grow at a CAGR of 7.78% between 2026 and 2035.
The revenue generated from the air conditioner market is expected to reach USD 7.19 Billion in 2035.
The air conditioner market is categorised according to the type, which includes window AC, central AC, and split AC.
The key players are Carrier Global Corporation, Tata Sons Private Limited, LG Corporation, AB Electrolux, Daikin Industries, Ltd., Haier Group Corp., Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Johnson Controls International Plc and Mitsubishi Electric Corp. among others.
Based on the end use, the market is divided into commercial and residential.
The market is broken down into North India, East and Central India, West India and South India.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Size |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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