Market Research Report
The South Asian Heating & Cooling Product Markets - 2018 Edition: India
|Published by||BRG Building Solutions||Product code||305260|
|Published||Content info||83 Pages
Delivery time: 1-2 business days
|The South Asian Heating & Cooling Product Markets - 2018 Edition: India|
|Published: May 1, 2018||Content info: 83 Pages||
This report provides an in-depth analysis of the Indian HVAC market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next five years.
India overtook China to become the world's fastest growing economy in 2015 with the annual economic growth at 7.4%. The economic growth was mainly driven by private consumption and public investment. Low oil prices have also benefitted the economy favorably since India tends to rely heavily on oil imports.
The electric water heater sales only grew marginally in 2015, mainly due to the slow growth in housing projects completions and warmer winters. Sales of solar water heaters continued to be adversely affected due to discontinuation of the subsidy which was provided by the Ministry of New and Renewable Energy (MNRE). The sales of air conditioners also slowed down in 2015.
Low penetration of the above products in India is expected to provide huge opportunity to companies to expand their geographic coverage and increase sales. Moreover, growth in the real estate sector would benefit the market in the latter half of the forecast period.
This report focuses on the following product categories:
Plus qualitative commentary on boilers and radiators.