Growing retail and hospitality sectors, rising construction activities across airports, metros, and new housing societies along with the increasing establishment of SMEs and commercial hubs have fueled the growth of the Indian air conditioners market. Additionally, growth in the construction market and increasing government spending towards public infrastructure would further enhance India Air Conditioner Market forecast revenues over the coming years. Though the prices of air conditioners are increasing in India, however, companies are offering various kinds of schemes such as EMI and seasonal discounts which are attracting a middle-class population of the country.
According to 6Wresearch, India’s air conditioner market size is projected to grow at a CAGR of 12.2% during 2018-2024. India’s air conditioner market is highly competitive and fragmented with the presence of domestic, international, and unorganized market participants.
The India Air Conditioner market is broadly divided into seven segments, within that split air conditioner segment dominates the market and would continue to lead throughout the forecast period. The demand for these air conditioners is primarily grown in the residential market. The VRF/VRV segment is also gaining popularity in the market. In India, the Northern region has captured major India air conditioner market share followed by the Southern and Western regions.
The India air conditioner market report thoroughly covers the Indian air conditioner market by types, by applications, and by regions. The India air conditioner market outlook report provides an unbiased and detailed analysis of the India air conditioner market trends, opportunities/high growth areas, market drivers, which would help the stakeholders to device and align market strategies according to the current and future market dynamics.
Check Other Related Market Report: India Stationery Market
Growth takes place of the air conditioner market in India due to middle-class households and many more sectors such as the hospitality sector, retail spaces, and offices, tourism booming. There are highly competitive due to the presence of domestic and international market participants. According to the market forecast split, the air conditioner leads the market in demand. India air conditioner market growing in the demand due to anticipated and rising in the infrastructure development in the country because growth for the air conditioner market is increasing due to the residential sector and commercial spaces. Now a day constantly raising the temperature is why increases in the purchasing of the air conditioner the consumers fueling the growth in the countries. There are emergence advanced technology air conditioners such as smart air conditioners and inverted technology. The demand for air conditioner augments across India in the upcoming years. The India air conditioner market classifies and forecast on the base of product such as leading city, end-use sector, and region.
Key Highlights of the Report:
- India Air Conditioner Market Overview
- India Air Conditioner Market Outlook
- India Air Conditioner Market Trends and Developments
- India Air Conditioner Market Share, By Players
- India Air Conditioner Market Overview on Competitive Landscape
- Company Profiles.
- India Air Conditioner Market Drivers and Restraints.
- Strategic Recommendations.
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