Analysis of Indian Air Management (Cooling) Solutions Market, Forecast to FY2026

Analysis of Indian Air Management (Cooling) Solutions Market, Forecast to FY2026

Growing Indian Economy Contributing to Industrial, Retail and Social Infrastructure Growth Drives the Demand for Air Management Systems

RELEASE DATE
18-Nov-2019
REGION
South Asia, Middle East & North Africa
Research Code: K3BF-01-00-00-00
SKU: EN01165-SA-MR_23777

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Description

The market for air management (cooling) systems in India is worth ? 30,921.5 Cr. It is driven by rising disposable incomes, increasing global temperatures and a booming economy fuelling retail and Industrial growth. Some of the challenges faced by this industry are increasing tariffs and the impenetrability of the rural market characterised by low-income households. Nevertheless, the market is expected to reach ? 74,290.4 Cr in FY2026, registering a CAGR of 13.3%.

This study provides an analysis of the growth potential of the market, market concentration and the competitive environment. It also presents a market segment analysis, market trends, growth opportunities available to existing players/new entrants and revenue forecasts. Product segments covered are residential cooling systems, light commercial cooling systems and commercial cooling systems. The geographic coverage is confined to the Indian market.

Voltas dominates the Indian air management (cooling) systems market, with Daikin and Blue Star being the other key players. The Northern region dominates with a contribution of 31.0% to the total revenue, followed by the Southern region.

Key trends observed are that high walls contribute the highest share, at 71.4% of the total market revenues and will continue to dominate the market throughout the period of this study. Further, social infrastructure development is likely to be the key demand driver for air management systems. While energy efficiency and Internet of Things (IoT) enabled connectivity are the game changers for urban consumers, plug-and-play models are the best way to garner rural market share. GPS connectivity for greater control and solar-powered ACs are the innovative solutions urban consumers look for.

Retail boom and industrial growth are likely to contribute to the growth of other product segments like Cassette AC, VRF systems and chillers. Critical factors contributing to success include having products at affordable price points, increasing brand awareness while tapping into the market for modernisation and upgrades through appropriate promotions, improving response time in installations and repairs, focussing on product innovation and strengthening the distribution network.

Urbanisation and digitalisation are the two key mega trends to watch out for as both social infrastructure and digital infrastructure contribute to the demand. Mass adoption of cooling systems by late majority and laggards is likely within the next 2 decades driven by increasing temperatures and rising incomes. Higher disposable incomes and growing GDP are the key indicators of growth in the air management systems market.

Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Definitions

Key Definitions

Key Definitions (continued)

Key Questions This Study Will Answer

Market Segmentation

Market Segmentation of Room Air Conditioners by Variant Type

Market Distribution Channels

Distribution Network of Leading OEMs

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Pricing Trends and Forecast Discussion (continued)

Technology Trends

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion by Region

Percent Revenue Forecast by Vertical Market

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share and Competitive Analysis—Total Air Management (Cooling) Solutions Market

Market Share

Market Share Analysis

Competitive Environment

Top 5 Competitors

Top 5 Competitors (continued)

Competitive Factors and Assessment

Growth Opportunity 1—Rural Market Penetration

Growth Opportunity 2—Tapping the Renovation and Modernisation Market

Growth Opportunity 3—Product Innovation

Growth Opportunity 4—Connectivity

Strategic Imperatives for Success and Growth

Mega Trends’ Impact on the Air Management (Cooling) Solutions Market

Urbanistion and Smart City Initiatives are likely to Propel the Demand for Air Management (Cooling) Solutions—Explained

Digitalisation is a catalyst in driving the demand for cooling systems.

High Walls—Split AC (Non-Inverter) Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Residential—High Walls: Inverter AC Segment Analysis

High Walls—Inverter AC Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Residential—Window AC Segment Analysis

Window AC Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Light Commercial—Cassette AC Segment Analysis

Cassette AC Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Floor/Ceiling Consoles Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Tower AC Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Ducted AC Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

VRF Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Chillers Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Packaged Air conditioning Systems Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Commercial—Airside Units Segment Analysis

Airside Units Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Northern Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Southern Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Western Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Eastern Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Hospitality Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Offices Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Retail Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Government Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Industrial Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Healthcare Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Residential Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Others Segment Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in “Others”

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The market for air management (cooling) systems in India is worth  30,921.5 Cr. It is driven by rising disposable incomes, increasing global temperatures and a booming economy fuelling retail and Industrial growth. Some of the challenges faced by this industry are increasing tariffs and the impenetrability of the rural market characterised by low-income households. Nevertheless, the market is expected to reach  74,290.4 Cr in FY2026, registering a CAGR of 13.3%. This study provides an analysis of the growth potential of the market, market concentration and the competitive environment. It also presents a market segment analysis, market trends, growth opportunities available to existing players/new entrants and revenue forecasts. Product segments covered are residential cooling systems, light commercial cooling systems and commercial cooling systems. The geographic coverage is confined to the Indian market. Voltas dominates the Indian air management (cooling) systems market, with Daikin and Blue Star being the other key players. The Northern region dominates with a contribution of 31.0% to the total revenue, followed by the Southern region. Key trends observed are that high walls contribute the highest share, at 71.4% of the total market revenues and will continue to dominate the market throughout the period of this study. Further, social infrastructure development is likely to be the key demand driver for air management systems. While energy efficiency and Internet of Things (IoT) enabled connectivity are the game changers for urban consumers, plug-and-play models are the best way to garner rural market share. GPS connectivity for greater control and solar-powered ACs are the innovative solutions urban consumers look for. Retail boom and industrial growth are likely to contribute to the growth of other product segments like Cassette AC, VRF systems and chillers. Critical factors contributing to success include having products at affordable price points, increasing brand awareness while tapping into the market for modernisation and upgrades through appropriate promotions, improving response time in installations and repairs, focussing on product innovation and strengthening the distribution network. Urbanisation and digitalisation are the two key mega trends to watch out for as both social infrastructure and digital infrastructure contribute to the demand. Mass adoption of cooling systems by late majority and laggards is likely within the next 2 decades driven by increasing temperatures and rising incomes. Higher disposable incomes and growing GDP are the key indicators of growth in the air management systems market.
More Information
No Index No
Podcast No
Author Rajalingam Chinnasamy
Industries Environment
WIP Number K3BF-01-00-00-00
Is Prebook No
GPS Codes 9343-A4