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The India air conditioner market size reached USD 3.15 billion in 2023. The market is expected to grow at a CAGR of 7.78% between 2024 and 2032, reaching USD 6.15 billion by 2032.
The India air conditioner 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 Conditioner Market Report and Forecast 2024-2032 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 conditioner market 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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Air Conditioner Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Air Conditioner Historical Market (2018-2023)
8.3 Asia Pacific Air Conditioner Market Forecast (2024-2032)
8.4 Asia Pacific Air Conditioner Market Share by Region
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 India Air Conditioner Market Overview
9.1 Key Industry Highlights
9.2 India Air Conditioner Historical Market (2018-2023)
9.3 India Air Conditioner Market Forecast (2024-2032)
10 India Air Conditioner Market by Type
10.1 Window AC
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Central AC
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Split AC
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 India Air Conditioner Market by Size
11.1 <12K BTU
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 12K-36K BTU
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 36K-60K BTU
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 60K+ BTU
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 India Air Conditioner Market by End Use
12.1 Commercial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Residential
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 India Air Conditioner Market by Distribution Channel
13.1 Hypermarkets/Supermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Specialty Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Online Channels
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 India Air Conditioner Market by Region
14.1 North India
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 East and Central India
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 West India
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South India
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code – 841583)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Carrier Global Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Tata Sons Private Limited
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 LG Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 AB Electrolux
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Daikin Industries, Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Haier Group Corp.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Samsung Electronics Co. Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Panasonic Holdings Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Johnson Controls International Plc
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Mitsubishi Electric Corp.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Air Conditioner Market: Key Industry Highlights, 2018 and 2032
2. India Air Conditioner Market: Key Industry Highlights, 2018 and 2032
3. India Air Conditioner Historical Market: Breakup by Type (USD Billion), 2018-2023
4. India Air Conditioner Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. India Air Conditioner Historical Market: Breakup by Size (USD Billion), 2018-2023
6. India Air Conditioner Market Forecast: Breakup by Size (USD Billion), 2024-2032
7. India Air Conditioner Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. India Air Conditioner Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. India Air Conditioner Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. India Air Conditioner Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. India Air Conditioner Historical Market: Breakup by Region (USD Billion), 2018-2023
12. India Air Conditioner Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. India Air Conditioner Market Structure
The market was valued at USD 3.15 billion in 2023.
The market is projected to grow at a CAGR of 7.78% between 2024 and 2032.
The revenue generated from the air conditioner market is expected to reach USD 6.15 billion in 2032.
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.
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