NEW YORK , Sept. 26, 2022 /PRNewswire/ -- The "HVAC Systems Market in India by Application (non-residential and residential) and Product (Split AC, Window AC, and Others) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the HVAC systems market size in India between 2021 and 2026 is USD 2.77 billion. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report
Key Market Driver
The growing demand for inverter HVAC systems is driving the growth of the HVAC systems market in India. This demand is fueled by the rise in disposable income and improving standards of living. The presence of extreme weather conditions is also driving the demand. The average temperature in India has grown continuously over the years. In addition, the rise in investments by the government in infrastructure development is supporting the demand for HVAC systems. The demand is increasing in both non-residential and residential segments. The increasing awareness about the need to reduce energy consumption and the rising focus on energy-efficient products are supporting the adoption of inverter-type split ACs.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
Market Segmentation
By application, the split AC segment will be the largest contributor to market growth during the forecast period. The rising awareness about the need to reduce energy consumption is supporting the adoption of inverter split ACs. HVAC system manufacturers are expanding their product portfolios by introducing inverter split ACs, especially in the residential segment.
View our FREE PDF Sample Report for additional insights into the contribution of all the segments of the HVAC systems market in India and regional opportunities in the report
Vendor Landscape
The HVAC systems market in India is fragmented. Vendors are deploying organic and inorganic growth strategies to compete in the market. The market has a strong presence of numerous vendors. The continuous rise in the demand for HVAC systems in India, both from the residential and non-residential segments, is intensifying the competition among market vendors. This is leading to the introduction of products that are differentiated in terms of factors such as the technology and refrigerant used. Moreover, factors such as the growth of the IT and ITES industry and the rising focus on domestic manufacturing are expected to drive the demand for HVAC systems in the non-residential segment. This is expected to intensify the competition among vendors during the forecast period.
Some Companies Mentioned
- Air Control India Pvt Ltd
- Blue Star Ltd
- Daikin Industries Ltd
- Fujitsu General Ltd
- Godrej and Boyce Manufacturing Co. Ltd.
- Haier Smart Home Co. LTD.
- Havells India Ltd
- Hitachi Ltd.
- Honeywell International Inc.
- IFB Industries Ltd
- Ingersoll Rand Inc.
- Johnson Controls International Plc
- LG Electronics Inc.
- Mitsubishi Electric Corp.
- Panasonic Corp
- Samsung Electronics Co. Ltd.
- Toshiba Corp.
- Trane Technologies Plc
- Voltas Ltd
- Whirlpool Corp.
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Energy Efficient HVAC Systems Market by Product and Geography - Forecast and Analysis 2022-2026: The energy-efficient HVAC systems market share is expected to increase by USD 24.37 billion from 2021 to 2026.
HVAC Systems Market In India Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.97% |
Market growth 2022-2026 |
USD 2.77 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.26 |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Air Control India Pvt Ltd, Blue Star Ltd, Daikin Industries Ltd, Fujitsu General Ltd, Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. LTD., Havells India Ltd, Hitachi Ltd., Honeywell International Inc., IFB Industries Ltd, Ingersoll Rand Inc., Johnson Controls International Plc, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp, Samsung Electronics Co. Ltd., Toshiba Corp., Trane Technologies Plc, Voltas Ltd, and Whirlpool Corp. |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Key Topics Covered
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 11: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 12: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 13: Chart on India: Year-over-year growth 2021-2026 (%)
- Exhibit 14: Data Table on India: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 21: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 22: Chart on Application - Market share 2021-2026 (%)
- Exhibit 23: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 24: Chart on Comparison by Application
- Exhibit 25: Data Table on Comparison by Application
- 5.3 Non-residential - Market size and forecast 2021-2026
- Exhibit 26: Chart on Non-residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 27: Data Table on Non-residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 28: Chart on Non-residential - Year-over-year growth 2021-2026 (%)
- Exhibit 29: Data Table on Non-residential - Year-over-year growth 2021-2026 (%)
- 5.4 Residential - Market size and forecast 2021-2026
- Exhibit 30: Chart on Residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 32: Chart on Residential - Year-over-year growth 2021-2026 (%)
- Exhibit 33: Data Table on Residential - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 34: Market opportunity by Application ($ million)
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 35: Chart on Product - Market share 2021-2026 (%)
- Exhibit 36: Data Table on Product - Market share 2021-2026 (%)
- 6.2 Comparison by Product
- Exhibit 37: Chart on Comparison by Product
- Exhibit 38: Data Table on Comparison by Product
- 6.3 Split AC - Market size and forecast 2021-2026
- Exhibit 39: Chart on Split AC - Market size and forecast 2021-2026 ($ million)
- Exhibit 40: Data Table on Split AC - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Chart on Split AC - Year-over-year growth 2021-2026 (%)
- Exhibit 42: Data Table on Split AC - Year-over-year growth 2021-2026 (%)
- 6.4 Window AC - Market size and forecast 2021-2026
- Exhibit 43: Chart on Window AC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Data Table on Window AC - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Chart on Window AC - Year-over-year growth 2021-2026 (%)
- Exhibit 46: Data Table on Window AC - Year-over-year growth 2021-2026 (%)
- 6.5 Others - Market size and forecast 2021-2026
- Exhibit 47: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 49: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 50: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 6.6 Market opportunity by Product
- Exhibit 51: Market opportunity by Product ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 53: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 54: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 55: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 56: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 57: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 58: Matrix on vendor position and classification
- 10.3 Blue Star Ltd
- Exhibit 59: Blue Star Ltd - Overview
- Exhibit 60: Blue Star Ltd - Business segments
- Exhibit 61: Blue Star Ltd - Key offerings
- Exhibit 62: Blue Star Ltd - Segment focus
- 10.4 Daikin Industries Ltd
- Exhibit 63: Daikin Industries Ltd - Overview
- Exhibit 64: Daikin Industries Ltd - Business segments
- Exhibit 65: Daikin Industries Ltd - Key news
- Exhibit 66: Daikin Industries Ltd - Key offerings
- Exhibit 67: Daikin Industries Ltd - Segment focus
- 10.5 Havells India Ltd
- Exhibit 68: Havells India Ltd - Overview
- Exhibit 69: Havells India Ltd - Business segments
- Exhibit 70: Havells India Ltd - Key news
- Exhibit 71: Havells India Ltd - Key offerings
- Exhibit 72: Havells India Ltd - Segment focus
- 10.6 IFB Industries Ltd
- Exhibit 73: IFB Industries Ltd - Overview
- Exhibit 74: IFB Industries Ltd - Business segments
- Exhibit 75: IFB Industries Ltd - Key offerings
- Exhibit 76: IFB Industries Ltd - Segment focus
- 10.7 Ingersoll Rand Inc.
- Exhibit 77: Ingersoll Rand Inc. - Overview
- Exhibit 78: Ingersoll Rand Inc. - Business segments
- Exhibit 79: Ingersoll Rand Inc. - Key offerings
- Exhibit 80: Ingersoll Rand Inc. - Segment focus
- 10.8 LG Electronics Inc.
- Exhibit 81: LG Electronics Inc. - Overview
- Exhibit 82: LG Electronics Inc. - Business segments
- Exhibit 83: LG Electronics Inc. - Key news
- Exhibit 84: LG Electronics Inc. - Key offerings
- Exhibit 85: LG Electronics Inc. - Segment focus
- 10.9 Panasonic Corp
- Exhibit 86: Panasonic Corp - Overview
- Exhibit 87: Panasonic Corp - Business segments
- Exhibit 88: Panasonic Corp - Key news
- Exhibit 89: Panasonic Corp - Key offerings
- Exhibit 90: Panasonic Corp - Segment focus
- 10.10 Samsung Electronics Co. Ltd.
- Exhibit 91: Samsung Electronics Co. Ltd. - Overview
- Exhibit 92: Samsung Electronics Co. Ltd. - Business segments
- Exhibit 93: Samsung Electronics Co. Ltd. - Key news
- Exhibit 94: Samsung Electronics Co. Ltd. - Key offerings
- Exhibit 95: Samsung Electronics Co. Ltd. - Segment focus
- 10.11 Voltas Ltd
- Exhibit 96: Voltas Ltd - Overview
- Exhibit 97: Voltas Ltd - Business segments
- Exhibit 98: Voltas Ltd - Key offerings
- Exhibit 99: Voltas Ltd - Segment focus
- 10.12 Whirlpool Corp.
- Exhibit 100: Whirlpool Corp. - Overview
- Exhibit 101: Whirlpool Corp. - Business segments
- Exhibit 102: Whirlpool Corp. - Key offerings
- Exhibit 103: Whirlpool Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 104: Inclusions checklist
- Exhibit 105: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 106: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 107: Research methodology
- Exhibit 108: Validation techniques employed for market sizing
- Exhibit 109: Information sources
- 11.5 List of abbreviations
- Exhibit 110: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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