Research and Markets: India Air Conditioning Market Outlook, 2021 – Players Focusing on Tier II and Tier III Cities
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/xgnshz/india_air) has announced the addition of the “India Air Conditioning Market Outlook, 2021” report to their offering.
According to India Air Conditioning Market Outlook, 2021, India’s air conditioning market was growing with a CAGR of 6.82% over a period of five years. The Indian air conditioning market consists of a range of product categories such as central plant systems, VRF systems, packaged/ducted systems as well as room air conditioners. Room air conditioners account for a majority of the market share, followed by central plant, duct and VRF systems.
The Tatas-owned Voltas has taken the top slot in the Indian air conditioning market, overtaking Korean white goods giant LG that has dominated the business for over a decade. The AC business is split into multiple segments: Room air-conditioners that are sold through multi-brand retailers and dedicated dealerships; Variable Refrigerant Volume (VRV) and duct ACs, which are used in commercial spaces such as offices and restaurants; and chillers for large building projects like airports and shopping malls are institutional sales.
Air conditioning systems comprise the largest share of total HVAC system demand globally. Growing urbanization is fuelling the construction of retail, hospitality and commercial properties and, in turn, expanding the market for air conditioning systems in India. The sudden spurt in mercury levels in central, western and southern regions in the country have increased month-on-month sales for most manufacturers. The market is mainly driven by the increasing demand of room air conditioners in residential and commercial areas. Most of the current market for air conditioning systems is concentrated in Tier-I and Tier-II cities where construction activity is the highest. As a result of the growing momentum towards smart cities, it is expected that the demand for air conditioning systems will continue to grow.
Key Topics Covered:
1. Executive Summary
2. Global Air Conditioning Market Outlook
3. India Air Conditioning Market Outlook
4. Pricing Analysis
5. India Economic Snapshot
6. Raw Material
7. Market Penetration
8. PEST Analysis
9. Policy & Regulatory Landscape
10. Trade Dynamics
11. Channel Partner Analysis
12. India Air Conditioning Market Dynamics
13. Market Trends & Developments
14. Competitive Landscape
15. Strategic Recommendations
– Blue Star Limited
– Carrier Midea India Private Limited
– Daikin Air Conditioning India Pvt. Ltd.
– Godrej & Boyce Mfg. Co. Ltd.
– Haier Appliances India Ltd.
– LG Electronics India Pvt. Ltd.
– Panasonic India Pvt. Ltd.
– Samsung India
– Videocon Consumer Electronics & Home Appliances
– Voltas Limited
For more information visit http://www.researchandmarkets.com/research/xgnshz/india_air
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Sector: Consumer Electronics