Air conditioner manufacturers are anticipating a 20% increase in sales volume due to the early arrival of summer!!

It is common for air conditioner makers to experience increased demand during the summer season, as people seek relief from the heat. Additionally, if the summer season is expected to be longer than usual, it could lead to an increase in sales as more people look to purchase air conditioners to stay cool.

However, there are many factors that can impact the growth of the air conditioner market, including economic conditions, changes in consumer behavior, and competition from other manufacturers. Additionally, unforeseen events such as a pandemic or natural disaster could also impact sales.

Overall, while it is possible that air conditioner makers could see a 20% volume growth with an early and elongated summer season, it is important to consider all of the factors that could impact sales and to approach any growth projections with caution.

While, India air conditioner market is growing at a significant rate over the past few years owing to the growing retail and hospitality sectors, rising construction activities across airports, metros and new housing societies along with increasing establishment of SMEs and commercial hubs. Additionally, growth in construction market and increasing government spending towards public infrastructure have further spurred the air conditioner market in the country.

According to 6Wresearch, India Air Conditioner Market revenue size is projected to grow at a CAGR of 16.1% during 2022-2028. India Air Conditioner market is highly competitive and fragmented with presence of domestic, international market participants. The market is broadly divided into four segments. Room air conditioners dominates the market across all the segments due to the strengthening of the residential sector, rising construction of new housing societies along with establishment of SMEs. Additionally, growth in number of construction projects across metro & tier-2 cities would further increase the demand for room air conditioners in the country in the coming years. In terms of market segment by room types, split air conditioners held the largest share both in revenue as well as in the volume in the year 2021 due to the reduction in the price gap in comparison to the window air conditioners and the rising adoption in residential and SME sector.

The demand for air conditioners in India is being driven by factors such as rising disposable incomes, increasing awareness of energy-efficient products, and government initiatives to promote energy-efficient appliances. In addition, the COVID-19 pandemic has also increased the demand for air conditioners, as people spend more time indoors and prioritize comfort and hygiene.

The market is dominated by split air conditioners, which accounted for the largest market share in 2020. However, there is also growing demand for window air conditioners and portable air conditioners, especially in smaller cities and rural areas.

Some of the key players in the Indian air conditioner market include Voltas, Daikin, LG, Samsung, and Hitachi. These companies are investing in research and development to improve their product offerings and enhance their market share.

Market by Applications Analysis?

In terms of applications, the Residential segment has captured 54.6% of the market revenue in 2021. Residential accounted for the maximum revenue share in 2020 owing to Increasing urbanisation has been driving the development of modern residential and commercial complexes creating huge demand for air-conditioners. In commercial application, modern retail, hospitality industry and healthcare sector have been witnessing strong growth, increasing the demand for air-conditioning in the country.

India is known for its hot and humid climate, and the demand for air conditioners typically increases during the summer months. With an early summer, air conditioner makers may have expected an early surge in demand. Additionally, an elongated summer season may have also led to higher demand for air conditioners, as people would need to keep their homes and offices cool for a longer period of time.

Overall, the air conditioner market in India has been growing due to various factors, including rising disposable incomes, increasing urbanization, and government initiatives to promote energy-efficient appliances. Air conditioner makers are likely to continue investing in research and development to improve their products and cater to the growing demand in the market.