Market Overview on India Air Conditioning to 2015

Market reports on India presents the latest report on “Market Overview on India Air Conditioning to 2015” http://www.marketreportsonindia.com/consumer-goods-market-research-reports-13543/india-air-conditioning1.html The market is mainly driven by the increasing demand of room air conditioners in residential and commercial areas

29thJan 2016, – Navi Mumbai, India: Market reports on India presents the latest report on “Market Overview on India Air Conditioning to 2015”. The India 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.

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. 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.

“India Air Conditioning Market Overview”, India's air conditioning market was growing with a CAGR of 6.82% over a period of five years. The India 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 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...