印度的HVAC市场:各设备，各类服务，实行，各地区，机会，预测，2018年～2032年

印度 HVAC（暖气、通风和空调）市场规模在 2025 年至 2032 年的预测期内将以复合年增长率 11.20% 扩大，从 2024 年的 219.5 亿美元增至 2032 年的 51.3 亿美元。增长至2亿美元。近年来，由于快速的城市化、可支配收入的增加、定制趋势的增加以及政府为促进节能技术而不断扩大的规则和法规，该市场经历了显着的增长，并将继续增长。由于基础设施发展、旅游活动和技术进步，印度暖通空调市场的需求预计将成长。物联网和人工智慧在 HVAC 中的整合可透过云端实现互联操作，从而实现远端监控、升级和控制，从而推动印度的 HAVC 需求。

此外，印度政府正在提供激励措施并推出举措，将节能 HVAC 整合到车辆中，以减少碳排放并提供整体驾驶体验。例如， "印度製造" Atmanirbhar Bharat、生产挂钩激励 (PLI) 计划、财政激励措施和到 2070 年实现碳中和的目标等各种政府举措对节能 HVAC 市场的成长做出了重大贡献。此外，智慧技术的大量采用和对节能系统的关注正在增加用户便利性并节省成本，从而在预测期内推动印度暖通空调市场的发展。此外，市场上的公司计划率先开发早期的暖通空调技术，以提高效率并更加重视永续性和节能。主要参与公司正在投资新的暖通空调製造设施，以满足各行业不断增长的暖通空调需求。

本报告提供印度的HVAC市场相关调查，提供市场概要，以及各设备，各类服务，实行，各地区趋势，及加入此市场的主要企业简介等资讯。

目录

第1章 计划的范围和定义

第2章 调查手法

第3章 摘要整理

第4章 客户的迴响

第5章 印度的HVAC市场预测，2018年～2032年

• 市场规模的分析与预测
• 市场占有率分析与预测
• 市场地图分析，2024年
  • 各设备
  • 各类服务
  • 各实行
  • 各地区

第6章 需求供给分析

第7章 进出口的分析

第8章 价值链分析

第9章 波特的五力分析

第10章 大环境分析

第11章 价格分析

第12章 市场动态

第13章 市场趋势与发展

第14章 案例研究

第15章 竞争情形

• 前五名市场领导的竞争矩阵
• 前五名参与企业的SWOT分析
• 公司场参与企业前10名的形势
  • Blue Star Limited
  • Voltas Limited
  • Carrier Global Corporation
  • Daikin Industries Ltd.
  • Panasonic Corporation
  • Mitsubishi Electric Group
  • Havells Group
  • LG Electronics Inc.
  • Kirloskar Brothers Limited

第16章 策略性建议

第17章 咨询方式和免责声明

India HVAC (Heating, Ventilation, Air Conditioning) market is projected to witness a CAGR of 11.20% during the forecast period FY2025-FY2032, growing from USD 21.95 billion in FY2024 to USD 51.32 billion in 2032. The market has experienced significant growth in recent years and is expected to maintain an expansion in the coming years owing to rapid urbanization, an increase in disposable income, a growing trend of customization, and rising government rules and regulations to promote energy-efficient technologies. The India HVAC market demand is expected to grow due to infrastructure development, tourism activities, and technological advancements. The integration of the Internet of Things and AI in HVAC allows connected operations via the cloud and can be remotely monitored, upgraded, and controlled, propelling the demand for HAVC in India.

In addition, the government of India is offering incentives and introducing initiatives to integrate energy-efficient HVAC in vehicles to combat carbon emissions and offer an overall driving experience. For instance, different government initiatives, including 'Make in India' - Atmanirbhar Bharat, Production Linked Incentive (PLI) schemes, financial incentives, and the dedication to becoming carbon neutral by 2070 are some of the prime contributors to market growth for energy-efficient HVAC. Also, the significant adoption of smart technologies and the focus on energy-efficient systems are improving user convenience and cost savings, driving the market for HVAC in India in the forecast period. Furthermore, companies in the market plan to make initial developments in HVAC technology to increase efficiency and raise focus towards sustainability and energy saving. Key participants are investing in setting up new manufacturing facilities for HVAC to address the rising demand for HVAC from different industries.

For instance, in September 2024, KRN Heat Exchanger and Refrigeration Pvt. Ltd. announced the launch of a USD 40.96 million IPO and plans to invest USD 29.22 million in the wholly owned subsidiary KRN HAVC products for setting up a new manufacturing facility.

Technological Advancement in HVAC Drive Market Growth

Technological advancements in HVAC systems and the integration of high-performance sensors in HVAC are projected to drive India's HVAC market demand as sensors in HVAC deliver real-time data to cloud-based platforms to make efficient decisions. Technological advancement also offers energy usage analysis, proactive troubleshooting, and optimization, further accelerating the need for HVAC in India in the forecast period. Moreover, companies in the market are introducing thermally driven air conditioning technology to offer an energy-efficient cooling method that can be efficiently used as a substitute for traditional air conditioners. Also, the integration of the Internet of Things and AI in HVAC systems is revolutionizing the maintenance of HVAC technology and fostering the demand for HVAC in India as it helps consumers by sensing data on air quality and equipment status to predict the correct time for maintenance. Furthermore, companies in the market are presenting HVAC solutions to address the demand for sustainable HVAC systems from different industries.

For instance, in October 2024, Panasonic Life Solutions India Private Limited presented its new HVAC solutions at the VRF Mela 2.0 being managed by Refrigeration & Air-Conditioning Trades Association Ltd., with energy-saving functioning for environmentally conscious air conditioning for commercial use such as hotels, offices, and shopping malls.

Rapid Urbanization Drives India HAVC Market Demand

Rapid urbanization and a significant rise in infrastructure development will drive India's HVAC market growth in the forecast period. An increase in population rate is accelerating the need for energy-efficient HVAC systems in residential buildings, propelling the India HAVC market growth. Also, IT parks, high-rise buildings, and malls have been constructed across metropolitan cities, including Mumbai, Delhi, and others. In addition, urbanization across cities, increased disposable income, and a change in the living standards of middle-class individuals propelled the requirement for air-conditioned offices, commercial spaces, and homes. In addition, companies in the market plan to expand their manufacturing facilities in India to address the rising consumer demand.

For instance, in September 2023, Daikin Industries, Ltd. announced an expansion in India to address the demand for consumer demand. Also, the company plans to increase its production across different countries to export air conditioners to 100 countries.

Air Conditioning Dominates the Market Growth

Air conditioning dominates the market growth owing to increasing government and private sector investments in new construction and infrastructure projects, technological advancements in air conditioning systems, and rising improvements in existing commercial buildings. Key market players are introducing new systems with these advanced technologies to enhance overall product effectiveness and improve customer satisfaction. In addition, the market is projected to be propelled by different factors, including a considerable rise in tourism and construction industries. Also, the surging disposable incomes of individuals across India are projected to motivate the uptake of a diverse range of air conditioning systems during the forecast period. Furthermore, companies in the market plan to launch a new range of air conditioning systems to transform commercial cooling solutions in India.

For instance, in July 2024, Samsung Electronics announced the launch of its latest innovation - the new WindFree Air Conditioners in the Chilled Water Indoor category to offer a superior cooling experience without the discomfort of direct cold draft for the user.

Southern India is Expected to Register the Largest Market Share

Southern India is the fastest-growing region in India HVAC market owing to a significant presence of giant market players, a rise in population rate, an increase in middle-class income population, and a considerable surge in constructing commercial places. The government is planning to invest significantly in different infrastructure projects, including industrial, commercial, and residential, that require the installation of advanced and high-performance HVAC solutions. Higher disposable incomes allow consumers to spend more on home appliances, including HVAC systems. Additionally, government regulations and incentives promote adopting sustainable HVAC systems, which are more cost-effective and environmentally friendly, propelling the HVAC market demand in Southern India. Furthermore, companies in the market plan to invest in a plant in Karnataka to double the annual order intake in the next five years.

For instance, in November 2024, Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. announced an investment of USD 47.06 million in a high-tech HVAC plant in Karnataka.

Future Market Scenario (FY2025 - FY2032)

Urbanization in India drives the demand for HVAC systems in residential, commercial, and industrial buildings, leading to market growth.

Higher disposable incomes enable consumers to invest in home appliances, including HVAC systems, boosting market demand.

Government regulations and consumer awareness promote adopting energy-efficient HVAC systems, contributing to market expansion.

The booming hospitality and tourism sectors are increasing the need for HVAC systems in hotels, resorts, and other accommodations.

Key Players Landscape and Outlook

Companies in the Indian HVAC market are expanding their presence and product portfolio by focusing on innovation, strategic partnerships, and customer-centric solutions. Key players are investing in research and development to introduce advanced HVAC systems that cater to the diverse needs of residential, commercial, and industrial sectors. These companies are addressing the growing demand for sustainable and technologically advanced products by offering energy-efficient and smart HVAC solutions. Collaborations with local and international partners enable them to enhance their market reach and provide comprehensive solutions. Additionally, companies are actively participating in government initiatives and campaigns to promote energy efficiency, further solidifying their position in the market.

In February 2024, Voltas Limited strengthened its position by associating with South Asia's largest HVAC exhibition and announced the launch of its new commercial AC product line-up for commercial spaces at the ongoing India 2024 in India.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-Added Service
  • 4.3.2. Compatibility and Durability
  • 4.3.3. Efficiency of Green Solutions
  • 4.3.4. After-Sales Support
• 4.4. Consideration of Privacy and Regulations

5. India HVAC Market Outlook, FY2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Equipment
    • 5.2.1.1. Heating
    • 5.2.1.2. Ventilating
    • 5.2.1.3. Air Conditioning
  • 5.2.2. By Service
    • 5.2.2.1. Installation
    • 5.2.2.2. Maintenance and Repair
  • 5.2.3. By Implementation
    • 5.2.3.1. New Construction
    • 5.2.3.2. Retrofit
  • 5.2.4. By Region
    • 5.2.4.1. North
    • 5.2.4.2. South
    • 5.2.4.3. East
    • 5.2.4.4. West and Central
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Equipment
  • 5.3.2. By Service
  • 5.3.3. By Implementation
  • 5.3.4. By Region

6. Demand Supply Analysis

7. Import and Export Analysis

8. Value Chain Analysis

9. Porter's Five Forces Analysis

10. PESTLE Analysis

11. Pricing Analysis

12. Market Dynamics

• 12.1. Market Drivers
• 12.2. Market Challenges

13. Market Trends and Developments

14. Case Studies

15. Competitive Landscape

• 15.1. Competition Matrix of Top 5 Market Leaders
• 15.2. SWOT Analysis for Top 5 Players
• 15.3. Key Players Landscape for Top 10 Market Players
  • 15.3.1. Blue Star Limited
    • 15.3.1.1. Company Details
    • 15.3.1.2. Key Management Personnel
    • 15.3.1.3. Products and Services
    • 15.3.1.4. Financials (As Reported)
    • 15.3.1.5. Key Market Focus and Geographical Presence
    • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 15.3.2. Voltas Limited
  • 15.3.3. Carrier Global Corporation
  • 15.3.4. Daikin Industries Ltd.
  • 15.3.5. Panasonic Corporation
  • 15.3.6. Mitsubishi Electric Group
  • 15.3.7. Havells Group
  • 15.3.8. LG Electronics Inc.
  • 15.3.9. Kirloskar Brothers Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India HVAC Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India HVAC Market, By Volume, In Units, FY2018-FY2032F
• Figure 3. India HVAC Market Share (%), By Equipment, FY2018-FY2032F
• Figure 4. India HVAC Market Share (%), By Service, FY2018-FY2032F
• Figure 5. India HVAC Market Share (%), By Implementation, FY2018-FY2032F
• Figure 6. India HVAC Market Share (%), By Region, FY2018-FY2032F
• Figure 7. By Equipment Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 8. By Service Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Implementation Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024