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India Air Conditioners Market Forecast and Opportunities, 2019

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The market for air conditioners in India has been on a steady growth ever since, apart from certain exceptions. The perception of people towards the category of this product has witnessed a paradigm shift over the years from a luxury product to becoming a necessity in hot humid weather conditions of India. In India, hot and humid climate prevails for 4-6 months in a year, due to which majority of the sales of air conditioners take place during this period. With extremely low penetration, rising per capita income and hot and humid climatic conditions in most part of the country are boosting the sales of air conditioners. In addition to the growing demand for room air conditioners on account of improving lifestyle of expanding middle-class households the central air conditioning systems are also anticipated to grow due to growing construction market in the country.

According to “India Air Conditioners Market Forecast & Opportunities, 2019” , the Indian air conditioners market revenues are projected to grow at a CAGR of around 15% during 2014-19. The split air conditioners segment is the highest revenue contributor followed by chillers and VRFs. In room air conditioning segment, the market share of window air conditioners has been witnessing a continuing decline over the last few years on account of decreasing price gap and lower energy-efficiency in comparison with split air conditioners. While many leading companies such as LG, Panasonic and Samsung have exited from the windows air conditioning segment, other major companies like Carrier Midea, Voltas, Blue Star, Hitachi, Godrej, etc., have decreased the production of window air conditioners in the country. Northern region is the highest revenue contributor in the air conditioners market in India, followed by southern and western regions.

“India Air Conditioners Market Forecast & Opportunities, 2019” report elaborates following aspects related to air conditioners market in India:

  • India Air Conditioners Market Size, Share & Forecast
  • Segmental Analysis - Split, Window, VRFs, Chiller Air Conditioning Systems, etc.
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

  • To gain an in-depth understanding of air conditioners market in India
  • To identify the on-going trends and anticipated growth in the coming years
  • To help industry consultants, distributors and dealers to align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing material
  • To gain competitive knowledge of leading players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

Table of Contents

1. Research Methodology

2. Analyst View

3. Global Air Conditioners Market Overview

4. India Consumer Durables Market Overview

5. India Air Conditioners Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Company
    • 5.2.2. By Product Type
    • 5.2.3. By Region
    • 5.2.4. By Metro City
    • 5.2.5. By End User

6. India Split Air Conditioners Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. Price Point Analysis

7. India Window Air Conditioners Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
    • 7.1.2. By Volume
  • 7.2. Price Point Analysis

8. India VRF Air Conditioners Market Outlook

  • 8.1. Market Size & Forecast
  • 8.1.1. By Value

9. India Chillers Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
    • 9.1.2. By Volume
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Company

10. Supply Chain Management

11. Market Dynamics

12. Market Trends & Developments

  • 12.1. Inverter Technology
  • 12.2. Montreal Protocol
  • 12.3. Increasing Air Conditioner Prices
  • 12.4. Increasing Investments
  • 12.5. Emerging Tier II & III Cities

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

  • 15.1. Product Launch Matrix Analysis
  • 15.2. Company Profiles
    • 15.2.1. Voltas Ltd.
    • 15.2.2. Daikin Air Conditioning India Pvt. Ltd. (DAIPL)
    • 15.2.3. LG Electronics India Pvt. Ltd.
    • 15.2.4. Carrier Airconditioning & Refrigeration Ltd.
    • 15.2.5. Sharp India Limited
    • 15.2.6. Blue Star Limited
    • 15.2.7. Hitachi Home and Life Solutions (India) Ltd.
    • 15.2.8. Samsung India Private Limited
    • 15.2.9. Panasonic India Pvt. Ltd.
    • 15.2.10. Haier Appliances (India) P. Ltd

16. Strategic Recommendations

List of Figures

  • Figure 1: Global Air Conditioner Market Size, By Value, 2009-2018F (USD Billion)
  • Figure 2: India Consumer Durables Market Size, By Value, 2012-2015F (USD Billion)
  • Figure 3: Share of Air Conditioners in India Consumer Appliances Market, By Volume, 2013
  • Figure 4: India Retail Market Size, By Value, 2013 & 2020F (USD Billion)
  • Figure 5: India Air Conditioners Market Size, By Value, 2009-2019F (USD Million)
  • Figure 6: India Construction Market Size, By Value, 2010, 2020F (USD Billion)
  • Figure 7: Comparative Room Air Conditioners Penetration in Households, By Country, 2013
  • Figure 8: Comparative Room Air Conditioners Penetration in India, By Other White Goods, 2013
  • Figure 9: Monthly Per Capita Consumption Expenditure in Rural India, 2005 & 2012 (USD)
  • Figure 10: India Air Conditioners Market Share, By Company, By Value, 2012-13
  • Figure 11: India Air Conditioners Market Share, By Company, By Value, 2019F-20F
  • Figure 12: India Air Conditioners Market Share, By Product Type, By Value, 2013-14
  • Figure 13: India Air Conditioners Market Share, By Product Type, By Value, 2019F-20F
  • Figure 14: India Air Conditioners Market Share, By Region, By Value, 2013 & 2019F
  • Figure 15: India per Capita Income, By Region, By Value, 2012-13 (USD)
  • Figure 16: India per Capita Income, By Region, By Value, 2019F-20F (USD)
  • Figure 17: India Air Conditioners Market Share, By Metro Cities, By Value, 2013 & 2019F
  • Figure 18: India Air Conditioners Market Share, By End User, By Value, 2013-14
  • Figure 19: India Air Conditioners Market Share, By End User, By Value, 2019F-20F
  • Figure 20: India Datacenter Market Size, By Value, 2014E - 2019F (USD Billion)
  • Figure 21: India Split Air Conditioners Market Size, By Value, 2009-2019F (USD Million)
  • Figure 22: India Room Air Conditioners Penetration, 2010, 2013, 2020F & 2030F
  • Figure 23: India Split Air Conditioners Market Size, By Volume, 2009-2019F (Million Units)
  • Figure 24: India Split Air Conditioners Average Price, 2009-2019F (USD per Unit)
  • Figure 25: India Window Air Conditioners Market Size, By Value, 2009-2019F (USD Million)
  • Figure 26: Share of Owned/Rented Households in Rural India, 2009
  • Figure 27: Share of Owned/Rented Households in Urban India, 2009
  • Figure 28: Share of Owned/Rented Households in Delhi, By Region, 2009
  • Figure 29: Share of Owned/Rented Households in Maharashtra, By Region, 2009
  • Figure 30: India Window Air Conditioners Market Size, By Volume, 2009-2019F (Million Units)
  • Figure 31: India Window Air Conditioners Average Price, 2009-2019F (USD per Unit)
  • Figure 32: India VRF Air Conditioning Market Size, By Value, 2009-2019F (USD Million)
  • Figure 33: India Chillers Market Size, By Value, 2009-2019F (USD Million)
  • Figure 34: India Chillers Market Size, By Volume, 2009-2019F (Million Tons of Refrigeration)
  • Figure 35: India Chillers Market Share, By Type, By Value, 2013 & 2019F
  • Figure 36: India Chillers Market Share, By Company, By Value, 2013 & 2019F
  • Figure 37: India Room Air Conditioners Supply Chain, By Profit Margin, By VAT
  • Figure 38: VAT in Delhi & Punjab on Room Air Conditioners
  • Figure 39: Number of Middle-Class Households in India, 2013, 2015F & 2020F (Million)
  • Figure 40: Inverter based Units Share in Split AC Market, By Volume, 2013 & 2018F
  • Figure 41: India HCFC Phase-Out Management Plan, 2015F-2040F
  • Figure 42: India Air Conditioners Price Increase Trend
  • Figure 43: India Share of Households in Electricity Consumption, 2011
  • Figure 44: India Distribution of Households with Electricity, By Top 8 States & Union Territories, 2011
  • Figure 45: India Appliances/Equipment Mandatory for Star Labelling
  • Figure 46: India Standard Energy Efficiency Ratio, By Star Rating, 2012-2015F
  • Figure 47: India MEPS and Labelling Program Key Features
  • Figure 48: India Number of AC Models Launched, By Type, 2008-2014
  • Figure 49: India Number of ACs Models Launched, By Tonnage, 2007-2014
  • Figure 50: India New AC Models Launched Share, By Tonnage, 2013
  • Figure 51: India New AC Models Launched Share, By Energy Star Rating, 2013
  • Figure 52: India New AC Models Launched, By Energy Star Rating, 2007-2014 & 2013
  • Figure 53: Voltas Air Conditioners Production Size, By Volume, 2012-2013 (Units)
  • Figure 54: Voltas Revenues in Unitary Cooling Products for Comfort & Commercial Use Segment, 2010-2012 (USD Million)
  • Figure 55: Daikin India Air Conditioners Revenues, 2009-2013 (USD Million)
  • Figure 56: Daikin India Dealer Network, 2009-2013
  • Figure 57: Daikin India Chillers Production Capacity, 2010-2012 (Units)
  • Figure 58: LGEIL Investment Size, 2010-2013 (USD Million)
  • Figure 59: Blue Star Room Air Conditioners Plant's Production Capacity, By Volume, 2014, 2017F (Units)
  • Figure 60: Blue Star Room Air Conditioners Sales, By Volume, FY2014-2015F (Units)
  • Figure 61: Blue Star Employee Size, FY2010 - 2013
  • Figure 62: Hitachi Room AC Sales in India, By Volume, FY12-FY13 (Million Units)
  • Figure 63: Hitachi Overall Air Conditioners Business Revenue, India, FY12 - FY13 (USD Million)
  • Figure 64: Hitachi, Change in Stock of Finished Goods, India, FY10-FY13 (USD Million)
  • Figure 65: Samsung India Air Conditioners Sales, By Volume, FY12-FY13 (Million Units)
  • Figure 66: Haier AC Volume Sales Share, By Segment, 2013
  • Figure 67: Haier AC Volume Sales, By Segment, 2013 (Units)
  • Figure 68: Haier Window AC Sales Share, By Volume, By Region, 2013
  • Figure 69: Haier Split AC Sales Share, By Volume, By Region, 2013

List of Tables

  • Table 1: India High Rise Buildings, Major Upcoming Projects, 2014-2017F
  • Table 2: Ongoing Hospital Projects in India, By Value, By State, 2013- 2016F (USD Million)
  • Table 3: High Rise Buildings in Mumbai, By Type, 2013 (Units)
  • Table 4: India Air Conditioner Plant Locations, By Region, By Company
  • Table 5: Major Residential Projects in India, By Real Estate Developer, 2012
  • Table 6: Number of SMEs & Large Industries in India, By State, By 2011 (Million Units)
  • Table 7: Major Infrastructure Projects in India, By Value, 2013
  • Table 8: Registered Green Building Projects in India, By Type, 2013
  • Table 9: India Top Split AC Brands, By Model, By Price, By Warranty
  • Table 10: India Room Air Conditioner Pricing Range, By Company, By Cooling Capacity, By Efficiency Rating (USD per Ton)
  • Table 11: Cost of Operational Metro Rail Projects in India, By Length (USD Million)
  • Table 12: Cost of Under Construction Metro Rail Projects in India, By Length, (USD Million)
  • Table 13: Cost of Indian Metro Rail Projects in Pipeline, By Length (USD Million)
  • Table 14: Chillers Cooling Capacity Requirements, By Type (Tons of Refrigeration)
  • Table 15: Daikin's Chiller Offerings, By Capacity, 2014 (Tons of Refrigeration)
  • Table 16: India Voltas Major Developments in Chillers Segment, 2012-13
  • Table 17: Inverter based Split Air Conditioners Competitive Advantage Over Regular AC Units
  • Table 18: Hydrofluorocarbons, By GWP, By Energy Efficiency, By Regulatory Status, 2014
  • Table 19: India Air Conditioners Price Increase, By Company, 2013 & 2014 (in %)
  • Table 20: India Air Conditioners Market Investments, By Company (USD Million)
  • Table 21: Comparative Energy Efficiency Ratio, By Country, 2013
  • Table 22: India Standard Energy Consumption and Cost Savings for Room Air Conditioners, By Star Rating, 2014
  • Table 23: India Import Duty Structure on Air Conditioners, 2014
  • Table 24: India AC Launches, By Company, 2007-2014 (Number of Models)
  • Table 25: Voltas Primary Business Segments
  • Table 26: Voltas Air Conditioners Manufacturing Details, By Location, By Production Volume, 2012-2013
  • Table 27: Voltas Key Projects Executed in India
  • Table 28: Voltas Product & Processes Developed through In-house Technology, 2012-13
  • Table 29: Voltas R&D Investment Size, By Purpose, 2012-13 (USD Million)
  • Table 30: Voltas Window AC Price Range, By Star Rating, 2014 (USD per Unit)
  • Table 31: Voltas Split AC Price Range, By Specification, 2014 (USD per Unit)
  • Table 32: Daikin Distribution Network in India, 2014
  • Table 33: LGEIL Room Air Conditioners Price Range, By Tonnage, By Star Rating (USD per Unit)
  • Table 34: Carrier Key Business Segments
  • Table 35: Carrier India Major Customers in Air Conditioning Segment
  • Table 36: Carrier Major Global Projects
  • Table 37: Carrier India Price Points, By Product, By Ton, By Star Rating (USD per Unit)
  • Table 38: Sharp India Air Conditioners, By Major Technologies
  • Table 39: Blue Star Key Business Segments
  • Table 40: Blue Star Plant Location Detail
  • Table 41: Blue Star Room Air Conditioners Price Range, By Tonnage, By Star Rating (USD per Unit)
  • Table 42: Blue Star Major Projects in Central Air Conditioning Segment, 2012-2013
  • Table 43: Hitachi Number of Models in Room Air Conditioners Segment, By Capacity Range, By Model, 2013
  • Table 44: Hitachi Technological Development in AC Business Segment, 2012-13
  • Table 45: Hitachi Research & Development Efforts in AC Business Segment, 2012-13
  • Table 46: Samsung Research & Development Efforts in AC Segment, 2012-13
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