Base Year
Historical Year
Forecast Year
The India air conditioner market size reached USD 3.15 billion in 2023. The market is expected to grow at a CAGR of 7.78% between 2024 and 2032, reaching USD 6.15 billion by 2032.
The India air conditioner market growth is boosted by window AC since they are convenient for residential use, consume less energy, compatible with inverters, and can be installed easily in window panels.
Window AC units are convenient and a budget-friendly choice for residential and commercial buildings. They offer easy installation, energy efficiency, and portability and can be installed without ducts thus taking up less space. This makes them ideal for older buildings, and apartments, providing a cool and comfortable environment without any hassle.
In February 2024, Panasonic launched its latest air conditioner lineup in India, featuring innovative technology such as Matter-enabled Room ACs powered by Miraie. This launch included 7-in-1 convertible Room ACs and a range of 2024 inverter ACs. Panasonic also introduced 60 new models across its AC range.
Central AC units provide centralised cooling, ensuring uniform comfort throughout. They enhance indoor quality by filtering air, reducing indoor noise, and increasing property value. Central ACs are compatible with smart thermostats for precise control, they offer long-term cost savings despite the initial investment.
India Air Conditioner Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Size
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
The India air conditioner market key players are Carrier Global Corporation, Tata Sons Private Limited, LG Corporation, AB Electrolux, Daikin Industries, Ltd., Haier Group Corp., Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Johnson Controls International Plc and Mitsubishi Electric Corp. among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Size |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 3.15 billion in 2023.
The market is projected to grow at a CAGR of 7.78% between 2024 and 2032.
The revenue generated from the air conditioner market is expected to reach USD 6.15 billion in 2032.
The air conditioner market is categorised according to the type, which includes window AC, central AC, and split AC.
The key players are Carrier Global Corporation, Tata Sons Private Limited, LG Corporation, AB Electrolux, Daikin Industries, Ltd., Haier Group Corp., Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Johnson Controls International Plc and Mitsubishi Electric Corp. among others.
Based on the end use, the market is divided into commercial and residential.
The market is broken down into North India, East and Central India, West India and South India.
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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