Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type And Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, And Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare And Others), By Regions (Eastern, Western, Central And Southern) And Competitive Landscape
According to 6Wresearch, India Air Conditioner Market size is projected to grow at CAGR of 10.7% during 2021-27.India Air Conditioner Market 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.
The India air conditioner market witnessed considerable growth in recent years on account of rising per capita income, the arrival of a large number of global and local players, the emergence of mega infrastructures projects with surging investments by the government as well as the private players, and development of the rural areas.
Market Analysis by Applications
Based on the applications, the residential sector accounted for the highest revenue share in the India air conditioner market registering more than 50% in the overall market revenues in 2020, followed by commercial and retail sectors.
Key Highlights of the Report
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