India Air Conditioning Market Report 2022: Market Value | Rare Techy

Rare TechyJuly 21, 2022

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Dublin, July 21, 2022 (GLOBE NEWSWIRE) — The “Indian Air Conditioner Market, By Product Type (Units, Windows, VRF, Chillers, etc. Includes Tape, Ductable Units, etc.) , By End-Use Sector (Residential, Commercial, and Industrial), By Region, Competition, Forecast and Trends, 2017-2027” report added to ResearchAndMarkets.com’s offering.

The value of the Indian Air Conditioner Market in 2021 stood at $4287.41 million, which is estimated to grow at a CAGR of 6.08% during the forecast period, 2023-2027, to reach a value of $6054.96 million market by 2027.

The Indian Air Conditioner market is expected to achieve this growth due to rising temperatures in the country. The demand for air conditioners is increasing due to the increase in income among the population and the increasing demand for lifestyles.

Increasing demand for appliances from the industrial sector, commercial sector, and residential sector is also helping the market growth. Rising GDP, increasing per capita income, and inflation are driving the increase in sales and supporting the growth of the Indian Air Conditioner market over the years. next five.

Additionally, growing e-commerce segment, availability of multi-brand products, and the ability to make online delivery and payment along with maintenance and service costs will also support the growth of the Air Conditioner Market. India in the next five years.

Rapid growth of infrastructure, higher standards of living, growing climate problems like heat stroke, rise in temperature during summer are some of the major factors to be ensured. on the growth of the Indian Air Conditioner Market in the next five years.

In addition, the increasing investment in research and technological advancements in the wind turbines to improve the economy of the equipment, reducing the energy consumption is also influencing the growth of the Indian Air Conditioner Market in the forecast years up to 2027.

The Indian Air Conditioner market is segmented on the basis of product type, end-use segment, regional analysis, and competitive landscape. On the basis of product type, the market is segmented into partitions, windows, VRF, chillers, and others such as tape, ductable tape, and others.

The market is also analyzed on the basis of regional market segments which are divided into North India region, South India region, East India region, and West India region. There are two types of split air conditioners; single split and multi split.

The market share in the market is expected to remain stable over the next five years due to the increasing demand for high quality air conditioners installed in the home but has the winds are invisible.

In addition, the increased efficiency of air conditioners is a major factor behind the growth of the segment and the growth of the Indian Air Conditioner market over the next five years.

Objectives of the Study:

To analyze the market size of the Indian Air Conditioner Market from 2017 to 2021.
To estimate and forecast the market size of the Indian Air Conditioner Market from 2022 to 2027 and the growth rate till 2027.
To segment and forecast the Indian Air Conditioner Market by product type, end-use segment, regional analysis, and competitive landscape.
To identify dominant regions or segments in the Indian Air Conditioner market.
To identify the drivers and challenges for the Indian Air Conditioner Market.
To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Indian Air Conditioner market.
To identify and analyze profiles of leading players operating in the Indian Air Conditioner market.
To identify key sustainability strategies adopted by market players in the Indian Air Conditioner market.

Competitive Country