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

  • ID: 4868141
  • Report
  • November 2019
  • Region: India
  • 193 Pages
  • Frost & Sullivan
Growing Indian Economy Contributing to Industrial, Retail and Social Infrastructure Growth Drives the Demand for Air Management Systems

FEATURED COMPANIES

  • Blue Star
  • Daikin
  • Voltas

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 megatrends 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.


FEATURED COMPANIES

  • Blue Star
  • Daikin
  • Voltas

Executive Summary
  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective


Market Overview
  • Market Definitions
  • Key Definitions
  • 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


Drivers and Restraints-Total Air Management (Cooling) Solutions Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained


Forecast and Trends-Total Air Management (Cooling) Solutions Market
  • Market Engineering Measurements
  • Forecast Assumptions
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Pricing Trends and Forecast Discussion
  • 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
  • Competitive Factors and Assessment


Growth Opportunities and Companies to Action
  • 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 and Industry Convergence Implications
  • 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.


Residential-High Walls-Split AC (Non-Inverter) Segment Analysis
  • 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


Light Commercial-Floor/Ceiling Consoles Segment Analysis
  • Floor/Ceiling Consoles Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Light Commercial-Tower AC Segment Analysis
  • Tower AC Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Light Commercial-Ducted AC Segment Analysis
  • Ducted AC Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Commercial-VRF Segment Analysis
  • VRF Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Commercial-Chillers Segment Analysis
  • Chillers Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Commercial-Packaged Units Segment Analysis
  • Packaged Airconditioning 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 Analysis
  • Northern Region-Key Findings
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Southern Region Analysis
  • Southern Region-Key Findings
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Western Region Analysis
  • Western Region-Key Findings
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


Eastern Region Analysis
  • Eastern Region-Key Findings
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Hospitality
  • Hospitality Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Offices
  • Offices Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Retail
  • Retail Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Government
  • Government Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Industrial
  • Industrial Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Healthcare
  • Healthcare Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Residential
  • Residential Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


End-user Segment Analysis-Others
  • Others Segment Key Findings
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion


The Last Word
  • The Last Word-3 Big Predictions
  • Legal Disclaimer


Appendix
  • Market Engineering Methodology
  • List of Companies in “Others”
  • List of Exhibits

A selection of companies mentioned in this report includes:

  • Blue Star
  • Daikin
  • Voltas