Air Conditioner Market : Latest Research Reveals Key Trends for Business Growth| Voltas, Daikin, LG, Panasonic, Llyod Electric, Blue Star, Hitachi, Samsung, Carrier Midea

The air conditioner market in India is expected to grow at a CAGR of 15% during the forecast period. The growth is attributed to the early onset of summer, rising penetration of ACs (currently 5-7% as compared to 32-35% global average), higher disposable income, and growing urbanization. Moreover, the growing economy and changing lifestyles have increased the need for air conditioners that offers convenience and comfort. In India, split and window air ACs dominate the air conditioners market. However, the split AC is expected to transition to inverter technology over the next few years. In the long-term, air conditioner sales through online channels are likely to gain traction against the backdrop of a surge in internet penetration across the country.

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Market Segmentation

The India air conditioner market has been analyzed on the basis of AC type, capacity, star ratings, sales channel, end-user, and region. Based on the AC type, the market is segmented into window AC, split AC, cassette, and floor mounted. Among these, split ACs are the most popular product among the Indian customers. Based on capacity, the market is segmented into less than 1 Ton, 1 Ton, 1-1.4 Ton, 5 Ton, and more than 1.5 Ton. Based on start ratings, the market covers the analysis of 1-star, 2-star, 3-star, 4-star, and 5-star. Further, on the basis of sales channel, modern retail and conventional retail. By end-user, the market is segmented into residential and commercial. Geographically, the market covers the analysis of North India, South India, East India, and West & Central India. North Indian states, including Delhi, Haryana, Uttar Pradesh, Punjab, and Rajasthan, among others, dominate the Indian air conditioner market owing to elevated temperatures and high AC penetration rates.

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Market Structure and Competition Landscape

The growth of the India air conditioner market is characterized by the presence of players operating in the market. Some of the players operating in the market include
Voltas,
Daikin,
LG,
Panasonic,
Llyod Electric,
Blue Star,
Hitachi,
Samsung,
Carrier Midea,
Videocon,
Electrolux,
GREE,
Whirlpool,
Fujitsu General,
Toshiba,
and Haier,
among others. Manufacturers are focusing on expanding their delivery and service centers along with launching products with innovative features, including power-saving and auto-clean features. International brands are set to foray into the Indian air conditioner market by launching products.
In March 2022, France-based electronics brand Thomson, which operates in India through its brand licensee Super Plastronics Pvt Ltd (SPPL), announced to foray into Indian AC market.
In 2022, RealMe launched the product line of new air conditioners in India.

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Table of Content

Chapter One: Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
Chapter Two: Assumptions and Acronyms
Chapter Three: Executive Summary
3.1. India and Global Market in2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
Chapter Four: Research Methodology
Chapter Five: Analysis of COVID-19 Impact and Road Ahead
Chapter Six: Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. India GDP Analysis (Historical Figures and Forecast)
6.1.2. India GDP Analysis by State
6.1.3. Construction Industry in India
6.1.3.1. By States
6.1.3.2. By Category
6.1.3.2.1. Residential
6.1.3.2.2. Commercial
6.1.3.2.3. Industrial
6.1.3.2.4. Infrastructure
6.1.4. Disposable Income
6.1.5. Per Capita Income
6.1.6. Industry Value Added
6.1.7. Electronics Industry in India
6.1.8. Consumer Spending by States
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.1.1. Compressor
6.3.1.2. Motor
6.3.1.3. Fan/Blower
6.3.1.4. Sheet
6.3.1.5. Capacitor and Other Electronic Devices
6.3.1.6. Refrigerant
6.3.1.7. Other Materials, Components etc.
6.3.2. Air Conditioners Manufacturers
6.3.3. Key End Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter s Five Forces Analysis
Chapter Seven: Government Laws and Regulations
Chapter Eight: India Air Conditioners Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
Chapter Nine: India Air Conditioners Market: Key Investment Analysis
9.1. By Leading Manufacturers
9.2. Technological Assessment
9.3. By States/Region
9.4. By AC Type
9.5. By Capacity
9.6. By Star Ratings
9.7. By Sales Channel
9.8. By End User
9.9. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
Chapter Ten: Pricing Analysis
10.1. By AC Type
10.1.1. Window
10.1.2. Split
10.1.3. Cassette (ceiling mounted)
10.1.4. Floor Mounted
10.2. By Capacity
10.2.1. Less than1 Ton
10.2.2. 1 Ton
10.2.3. 1.1-1.4 Ton
10.2.4. 1.5 Ton
10.2.5. More than1.5 Ton
Chapter Eleven: Parent Market Overview
11.1. Global Home Appliances Market
11.2. India Home Appliances Market
11.2.1. By Equipment
11.2.2. By States
11.3. Global Air Conditioners Market
Chapter Twelve: Segmental Analysis
12.1. India Air Conditioners Market by AC Type
12.1.1. Segment Overview
12.1.1.1. Window
12.1.1.2. Split
12.1.1.3. Cassette (ceiling mounted)
12.1.1.4. Floor Mounted
12.2. India Air Conditioners Market by Capacity
12.2.1. Segment Overview
12.2.1.1. Less than1 Ton
12.2.1.2. 1 Ton
12.2.1.3. 1.1-1.4 Ton
12.2.1.4. 1.5 Ton
12.2.1.5. More than1.5 Ton
12.3. India Air Conditioners Market by Star Ratings
12.3.1. Segment Overview
12.3.1.1. 1 Star
12.3.1.2. 2 Star
12.3.1.3. 3 Star
12.3.1.4. 4 Star
12.3.1.5. 5 Star
12.4. India Air Conditioners Market by Sales Channel
12.4.1. Segment Overview
12.4.1.1. Modern Retail
12.4.1.1.1. Online (e-commerce stores)
12.4.1.1.2. Offline
12.4.1.1.2.1. Hypermarkets
12.4.1.1.2.2. Supermarkets
12.4.1.1.2.3. Convenience Stores
12.4.1.1.2.4. Specialty and Discount Stores
12.4.1.2. Conventional Retail (Retail Stores)
12.5. India Air Conditioners Market by End User
12.5.1. Segment Overview
12.5.1.1.1. Residential
12.5.1.1.1.1. Apartment
12.5.1.1.1.2. Independent
12.5.1.1.1.3. Others (Villas, etc. )
12.5.1.1.2. Commercial
12.5.1.1.2.1. Offices
12.5.1.1.2.2. Hotels/Motels
12.5.1.1.2.3. Restaurant
12.5.1.1.2.4. Banks
12.5.1.1.2.5. Hospitals
12.5.1.1.2.6. Malls
12.5.1.1.2.7. Supermarkets/Hypermarkets/Department Stores
12.5.1.1.3. Others (Shopping Centres, Concert Halls, etc. )
12.6. India Air Conditioners Market by Region
12.6.1. North
12.6.1.1. Urban
12.6.1.2. Semi-urban
12.6.1.3. Rural
12.6.2. South
12.6.2.1. Urban
12.6.2.2. Semi-urban
12.6.2.3. Rural
12.6.3. West and Central
12.6.3.1. Urban
12.6.3.2. Semi-urban
12.6.3.3. Rural
12.6.4. East
12.6.4.1. Urban
12.6.4.2. Semi-urban
12.6.4.3. Rural
Chapter Thirteen: Regional Analysis
13.1. North India Air Conditioners Market Analysis and Forecast2019-2028
13.1.1. Market Overview
13.1.2. North India Air Conditioners Market by AC Type
13.1.3. North India Air Conditioners Market by Capacity
13.1.4. North India Air Conditioners Market by Star Ratings
13.1.5. North India Air Conditioners Market by Sales Channel
13.1.6. North India Air Conditioners Market by End User
13.2. South India Air Conditioners Market Analysis and Forecast2019-2028
13.2.1. Market Overview
13.2.2. South India Air Conditioners Market by AC Type
13.2.3. South India Air Conditioners Market by Capacity
13.2.4. South India Air Conditioners Market by Star Ratings
13.2.5. South India Air Conditioners Market by Sales Channel
13.2.6. South India Air Conditioners Market by End User
13.3. West and Central India Air Conditioners Market Analysis and Forecast2019-2028
13.3.1. Market Overview
13.3.2. West and Central India Air Conditioners Market by AC Type
13.3.3. West and Central India Air Conditioners Market by Capacity
13.3.4. West and Central India Air Conditioners Market by Star Ratings
13.3.5. West and Central India Air Conditioners Market by Sales Channel
13.3.6. West and Central India Air Conditioners Market by End User
13.4. East India Air Conditioners Market Analysis and Forecast2019-2028
13.4.1. Market Overview
13.4.2. East India Air Conditioners Market by AC Type
13.4.3. East India Air Conditioners Market by Capacity
13.4.4. East India Air Conditioners Market by Star Ratings
13.4.5. East India Air Conditioners Market by Sales Channel
13.4.6. East India Air Conditioners Market by End User
Chapter Fourteen: Competitive Landscape
14.1. Competition Dashboard
14.1.1. Global and Regional Market Share Analysis
14.1.2. Market Structure
14.2. Competitive Benchmarking
14.3. Key Strategy Analysis
14.4. Company Profiles
14.4.1. Voltas Limited
14.4.1.1. Company Overview
14.4.1.2. Product/Service Offerings
14.4.1.3. Key Financials
14.4.1.4. Recent Developments
14.4.2. Daikin
14.4.2.1. Company Overview
14.4.2.2. Product/Service Offerings
14.4.2.3. Financials
14.4.2.4. Recent Developments
14.4.3. LG
14.4.3.1. Company Overview
14.4.3.2. Product/Service Offerings
14.4.3.3. Financials
14.4.3.4. Recent Developments
14.4.4. Panasonic
14.4.4.1. Company Overview
14.4.4.2. Product/Service Offerings
14.4.4.3. Financials
14.4.4.4. Recent Developments
14.4.5. Llyod Electric (Havells India Limited)
14.4.5.1. Company Overview
14.4.5.2. Product/Service Offerings
14.4.5.3. Financials
14.4.5.4. Recent Developments
14.4.6. Blue Star
14.4.6.1. Company Overview
14.4.6.2. Product/Service Offerings
14.4.6.3. Financials
14.4.6.4. Recent Developments
14.4.7. Hitachi
14.4.7.1. Company Overview
14.4.7.2. Product/Service Offerings
14.4.7.3. Financials
14.4.7.4. Recent Developments
14.4.8. Samsung
14.4.8.1. Company Overview
14.4.8.2. Product/Service Offerings
14.4.8.3. Financials
14.4.8.4. Recent Developments
14.4.9. Carrier Midea
14.4.9.1. Company Overview
14.4.9.2. Product/Service Offerings
14.4.9.3. Financials
14.4.9.4. Recent Developments
14.4.10. Videocon
14.4.10.1. Company Overview
14.4.10.2. Product/Service Offerings
14.4.10.3. Financials
14.4.10.4. Recent Developments
14.4.11. Electrolux
14.4.11.1. Company Overview
14.4.11.2. Product/Service Offerings
14.4.11.3. Financials
14.4.11.4. Recent Developments
14.4.12. GREE
14.4.12.1. Company Overview
14.4.12.2. Product/Service Offerings
14.4.12.3. Financials
14.4.12.4. Recent Developments
14.4.13. Whirlpool
14.4.13.1. Company Overview
14.4.13.2. Product/Service Offerings
14.4.13.3. Financials
14.4.13.4. Recent Developments
14.4.14. Fujitsu General
14.4.14.1. Company Overview
14.4.14.2. Product/Service Offerings
14.4.14.3. Financials
14.4.14.4. Recent Developments
14.4.15. Toshiba
14.4.15.1. Company Overview
14.4.15.2. Product/Service Offerings
14.4.15.3. Financials
14.4.15.4. Recent Developments
14.4.16. Haier
14.4.16.1. Company Overview
14.4.16.2. Product/Service Offerings
14.4.16.3. Financials
14.4.16.4. Recent Developments
Exhaustive list of distributors/channel partners/suppliers will be provided in the report
Chapter Fifteen: Disclaimer

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