India VRF Air Conditioner Market - By Compressor ; By Component ; By System (Heat Pump System, Heat Recovery System); By Application ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

India VRF (variable refrigerant flow) air conditioner market is flourishing due to rising construction activity in airports, metro railway stations, commercial spaces, and the expanding retail sector via commercial malls.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India VRF (variable refrigerant flow) air conditioner market size at USD 892.54 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India VRF air conditioner market size to grow at an impressive CAGR of 14.58% reaching a value of USD 2,336.91 million by 2029. The development of the India VRF air conditioner market has been significantly influenced by the recent rise in construction activities at airports, metro rail stations, commercial spaces, and the rising retail sector via shopping malls across the country. Also, the government's increasing investments in urbanization and public infrastructure through initiatives like the "Smart Cities Mission" have strengthened the demand for VRF air conditioners in the nation.

India VRF Air Conditioner Market - Overview:

Variable refrigerant flow (VRF), also referred to as variable refrigerant volume (VRV), is an HVAC (heat, ventilation, and air condition) innovation developed in 1982 by Daikin Industries, Ltd., a significant industry participant. By using refrigerants as the medium for different units' heating and cooling demands, the VRF system can deliver simultaneous heating and cooling.

India VRF Air Conditioner Market - By Component:

India VRF air conditioner market is segmented by component into Indoor Units, Outdoor Units, and Control System and Accessories. During the period in analysis, the outdoor unit sub-segment is expected to have a commanding market share. The market for outdoor units is being driven by the nation's growing demand for replacement and retrofitting. As a result of increased consumer awareness and the implementation of regulations to reduce carbon emissions, consumer preference for VRF systems has replaced traditional HVAC systems, which will support demand during the projection period.

Impact of COVID-19 on India VRF Air Conditioner Market

The COVID-19 pandemic adversely affected the market for VRF equipment in India. HVAC technologies are essential to personal comfort at a time when individuals are spending more time at home. HVAC systems also provide heating, cooling, and air filtration in places like hospitals, clinics, and laboratories. The global and industrial supply was impacted by the COVID-19 epidemic and the local quarantine, which forced component suppliers and manufacturers to reevaluate how to leverage the worldwide distribution network to maintain business continuity.

Competitive Landscape:

India VRF air conditioner market is fiercely competitive. Prominent players in the market include Conditioning, Johnson Controls-Hitachi Air Conditioning, LG Electronics India Pvt Ltd, Mitsubishi Electric India Pvt Ltd, Panasonic Corporation, Samsung India Electronics Ltd, and Voltas Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the India VRF air conditioner market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India VRF Air Conditioner Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India VRF Air Conditioner Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23190

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. India VRF Air Conditioner Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing Construction Activities Across Airports, Metros and Commercial Spaces
  - 3.2.1.2. Governments Increasing Spending Towards Public Infrastructure
- 3.2.2. Restraints
  - 3.2.2.1. Stringent Government Regulations for Eco-Friendly Products
- 3.2.3. Opportunities
  - 3.2.3.1. Advancement in Technology
- 3.2.4. Challenges
  - 3.2.4.1. Impact on Supply Chain Due to Covid
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. India VRF Air Conditioner Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Compressor
  - 4.2.1.1. Air Cooled
  - 4.2.1.2. Water Cooled
- 4.2.2. By Component
  - 4.2.2.1. Indoor Units
  - 4.2.2.2. Outdoor Units
  - 4.2.2.3. Control System and Accessories
- 4.2.3. By System
  - 4.2.3.1. Heat Pump System
  - 4.2.3.1.1. Air-source
  - 4.2.3.1.2. Ground-source
  - 4.2.3.1.3. Absorption
  - 4.2.3.2. Heat Recovery System
- 4.2.4. By Application
  - 4.2.4.1. Residential
  - 4.2.4.2. Commercial
  - 4.2.4.3. Industrial
- 4.2.5. By Region
  - 4.2.5.1. North India
  - 4.2.5.2. South India
  - 4.2.5.3. East India
  - 4.2.5.4. West India

5. North India VRF Air Conditioner Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Compressor
- 5.2.2. By Component
- 5.2.3. By System
- 5.2.4. By Application

6. South India VRF Air Conditioner Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Compressor
- 6.2.2. By Component
- 6.2.3. By System
- 6.2.4. By Application

7. East India VRF Air Conditioner Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Compressor
- 7.2.2. By Component
- 7.2.3. By System
- 7.2.4. By Application

8. West India VRF Air Conditioner Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Compressor
- 8.2.2. By Component
- 8.2.3. By System
- 8.2.4. By Application

9. Competitive Landscape

9.1. List of Key Players and Their Offerings
9.2. India VRF Air Conditioner Company Market Share Analysis, 2022
9.3. Competitive Benchmarking, By Operating Parameters
9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

10. Impact of Covid-19 on India VRF Air Conditioner Market

11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

11.1. Blue Star Limited
11.2. Carrier India Pvt Ltd
11.3. Daikin Airconditioning India Pvt Ltd
11.4. Fujitsu General (India) Pvt Ltd
11.5. Johnson Controls-Hitachi Air Conditioning
11.6. LG Electronics India Pvt Ltd
11.7. Mitsubishi Electric India Pvt Ltd
11.8. Panasonic Corporation
11.9. Samsung India Electronics Ltd
11.10. Voltas Limited
11.11. Other Prominent Players

12. Key Strategic Recommendations

13. Research Methodology

13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
13.2. Quantitative Research
13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
13.4. Breakdown of Primary Research Respondents, By Region
13.5. Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List Of Figures

Figure 1 India VRF Air Conditioner Segmentation
Figure 2 India VRF Air Conditioner Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Figure 5 India VRF Air Conditioner Market Share, By Compressor, By Value, 2019-2029
Figure 6 India VRF Air Conditioner Market Share, By Component, By Value, 2019-2029
Figure 7 India VRF Air Conditioner Market Share, By System, By Value, 2019-2029
Figure 8 India VRF Air Conditioner Market Share, By Application, By Value, 2019-2029
Figure 9 North India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Figure 10 North India VRF Air Conditioner Market Share, By Compressor , By Value, 2019-2029
Figure 11 North India VRF Air Conditioner Market Share, By Component, By Value, 2019-2029
Figure 12 North India VRF Air Conditioner Market Share, By System, By Value, 2019-2029
Figure 13 North India VRF Air Conditioner Market Share, By Application, By Value, 2019-2029
Figure 14 South India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Figure 15 South India VRF Air Conditioner Market Share, By Compressor , By Value, 2019-2029
Figure 16 South India VRF Air Conditioner Market Share, By Component, By Value, 2019-2029
Figure 17 South India VRF Air Conditioner Market Share, By System, By Value, 2019-2029
Figure 18 South India VRF Air Conditioner Market Share, By Application, By Value, 2019-2029
Figure 19 East India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Figure 20 East India VRF Air Conditioner Market Share, By Compressor , By Value, 2019-2029
Figure 21 East India VRF Air Conditioner Market Share, By Component, By Value, 2019-2029
Figure 22 East India VRF Air Conditioner Market Share, By System, By Value, 2019-2029
Figure 23 East India VRF Air Conditioner Market Share, By Application, By Value, 2019-2029
Figure 24 West India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Figure 25 West India VRF Air Conditioner Market Share, By Compressor , By Value, 2019-2029
Figure 26 West India VRF Air Conditioner Market Share, By Component, By Value, 2019-2029
Figure 27 West India VRF Air Conditioner Market Share, By System, By Value, 2019-2029
Figure 28 West India VRF Air Conditioner Market Share, By Application, By Value, 2019-2029

Product Code: BWC23190

List of Tables

Table 1 India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Table 2 India VRF Air Conditioner Market Size, By Compressor , By Value, 2019-2029
Table 3 India VRF Air Conditioner Market Size, By Component, By Value, 2019-2029
Table 4 India VRF Air Conditioner Market Size, By System, By Value, 2019-2029
Table 5 India VRF Air Conditioner Market Size, By Application, By Value, 2019-2029
Table 6 North India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Table 7 North India VRF Air Conditioner Market Size, By Compressor , By Value, 2019-2029
Table 8 North India VRF Air Conditioner Market Size, By Component, By Value, 2019-2029
Table 9 North India VRF Air Conditioner Market Size, By System, By Value, 2019-2029
Table 10 North India VRF Air Conditioner Market Size, By Application, By Value, 2019-2029
Table 11 South India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Table 12 South India VRF Air Conditioner Market Size, By Compressor , By Value, 2019-2029
Table 13 South India VRF Air Conditioner Market Size, By Component, By Value, 2019-2029
Table 14 South India VRF Air Conditioner Market Size, By System, By Value, 2019-2029
Table 15 South India VRF Air Conditioner Market Size, By Application, By Value, 2019-2029
Table 16 East India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Table 17 East India VRF Air Conditioner Market Size, By Compressor , By Value, 2019-2029
Table 18 East India VRF Air Conditioner Market Size, By Component, By Value, 2019-2029
Table 19 East India VRF Air Conditioner Market Size, By System, By Value, 2019-2029
Table 20 East India VRF Air Conditioner Market Size, By Application, By Value, 2019-2029
Table 21 West India VRF Air Conditioner Market Size, By Value (USD Million), 2019-2029
Table 22 West India VRF Air Conditioner Market Size, By Compressor , By Value, 2019-2029
Table 23 West India VRF Air Conditioner Market Size, By Component, By Value, 2019-2029
Table 24 West India VRF Air Conditioner Market Size, By System, By Value, 2019-2029
Table 25 West India VRF Air Conditioner Market Size, By Application, By Value, 2019-2029
Table 26 Blue Star Limited Company Overview
Table 27 Blue Star Limited Financial Overview
Table 28 Carrier India Pvt Ltd Company Overview
Table 29 Carrier India Pvt Ltd Financial Overview
Table 30 Daikin Airconditioning India Pvt Ltd Company Overview
Table 31 Daikin Airconditioning India Pvt Ltd Financial Overview
Table 32 Fujitsu General (India) Pvt Ltd Company Overview
Table 33 Fujitsu General (India) Pvt Ltd Financial Overview
Table 34 Johnson Controls-Hitachi Air Conditioning Company Overview
Table 35 Johnson Controls-Hitachi Air Conditioning Financial Overview
Table 36 LG Electronics India Pvt Ltd Company Overview
Table 37 LG Electronics India Pvt Ltd Financial Overview
Table 38 Mitsubishi Electric India Pvt Ltd Company Overview
Table 39 Mitsubishi Electric India Pvt Ltd Financial Overview
Table 40 Panasonic Corporation Company Overview
Table 41 Panasonic Corporation Financial Overview
Table 42 Samsung India Electronics Ltd Company Overview
Table 43 Samsung India Electronics Ltd Financial Overview
Table 44 Voltas Limited Company Overview
Table 45 Voltas Limited Financial Overview

India VRF Air Conditioner Market - By Compressor ; By Component ; By System (Heat Pump System, Heat Recovery System); By Application ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Description

Table of Contents

List of Tables

India VRF Air Conditioner Market Size More Than Doubles to Cross USD 2.3 Billion by 2029.

India VRF Air Conditioner Market - Overview:

India VRF Air Conditioner Market - By Component:

Impact of COVID-19 on India VRF Air Conditioner Market

Competitive Landscape:

Table of Contents

1. Research Framework

2. Executive Summary

3. India VRF Air Conditioner Market Insights

4. India VRF Air Conditioner Market Overview

5. North India VRF Air Conditioner Market

6. South India VRF Air Conditioner Market

7. East India VRF Air Conditioner Market

8. West India VRF Air Conditioner Market

9. Competitive Landscape

10. Impact of Covid-19 on India VRF Air Conditioner Market

11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12. Key Strategic Recommendations

13. Research Methodology

List of Tables