The India air conditioner market size reached USD 3.15 Billion in 2024. The market is expected to grow at a CAGR of 7.78% between 2025 and 2034, reaching USD 6.66 Billion by 2034.
The India air conditioner market growth is boosted by window AC since they are convenient for residential use, consume less energy, compatible with inverters, and can be installed easily in window panels.
Window AC units are convenient and a budget-friendly choice for residential and commercial buildings. They offer easy installation, energy efficiency, and portability and can be installed without ducts thus taking up less space. This makes them ideal for older buildings, and apartments, providing a cool and comfortable environment without any hassle.
In February 2024, Panasonic launched its latest air conditioner lineup in India, featuring innovative technology such as Matter-enabled Room ACs powered by Miraie. This launch included 7-in-1 convertible Room ACs and a range of 2024 inverter ACs. Panasonic also introduced 60 new models across its AC range.
Central AC units provide centralised cooling, ensuring uniform comfort throughout. They enhance indoor quality by filtering air, reducing indoor noise, and increasing property value. Central ACs are compatible with smart thermostats for precise control, they offer long-term cost savings despite the initial investment.
The India air conditioner market growth is boosted by window AC since they are convenient for residential use, consume less energy, compatible with inverters, and can be installed easily in window panels.
Window AC units are convenient and a budget-friendly choice for residential and commercial buildings. They offer easy installation, energy efficiency, and portability and can be installed without ducts thus taking up less space. This makes them ideal for older buildings, and apartments, providing a cool and comfortable environment without any hassle.
In February 2024, Panasonic launched its latest air conditioner lineup in India, featuring innovative technology such as Matter-enabled Room ACs powered by Miraie. This launch included 7-in-1 convertible Room ACs and a range of 2024 inverter ACs. Panasonic also introduced 60 new models across its AC range.
Central AC units provide centralised cooling, ensuring uniform comfort throughout. They enhance indoor quality by filtering air, reducing indoor noise, and increasing property value. Central ACs are compatible with smart thermostats for precise control, they offer long-term cost savings despite the initial investment.
Market Segmentation
India Air Conditioner Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Type:
- Window AC
- Central AC
- Split AC
Market Breakup by Size:
- < 12K BTU
- 12K-36K BTU
- 36K-60K BTU
- 60K+ BTU
Market Breakup by End Use:
- Commercial
- Residential
Market Breakup by Distribution Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Online Channels
- Others
Market Breakup by Region:
- North India
- East and Central India
- West India
- South India
Competitive Landscape
The India air conditioner market key players are:
- Carrier Global Corporation
- Tata Sons Private Limited
- LG Corporation
- AB Electrolux
- Daikin Industries, Ltd.
- Haier Group Corp.
- Samsung Electronics Co. Ltd.
- Panasonic Holdings Corporation
- Johnson Controls International Plc
- Mitsubishi Electric Corp.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Air Conditioner Market Overview
6 India Air Conditioner Market Overview
7 India Air Conditioner Market by Type
8 India Air Conditioner Market by Size
9 India Air Conditioner Market by End Use
10 India Air Conditioner Market by Distribution Channel
11 India Air Conditioner Market by Region
12 Market Dynamics
13 Trade Data Analysis (HS Code - 841583)
14 Competitive Landscape
Companies Mentioned
- Carrier Global Corporation
- Tata Sons Private Limited
- LG Corporation
- AB Electrolux
- Daikin Industries, Ltd.
- Haier Group Corp.
- Samsung Electronics Co. Ltd.
- Panasonic Holdings Corporation
- Johnson Controls International Plc
- Mitsubishi Electric Corp.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 183 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 3.15 Billion |
| Forecasted Market Value ( USD | $ 6.66 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | India |
| No. of Companies Mentioned | 10 |
