In India, air conditioners (ACs) have developed into an essential requirement for the most amount of people.What was previously only confined to the usage of the upper-class of the economc strata,has now turned into a crucial aspect in almost every middle-class household.
Fans and coolers can no longer alleviate the summer's oppressive heat. Air conditioners are becoming a standard fixture in all homes in India due to the middle class's growing need for luxury goods. India is turning into an ardent user of air conditioners due to the prolonged and dry heat in the country,which is even worsening with passing time. Many AC companies in India provide a wide range of options at minimal costs.
In India, air conditioners are commonly used to beat the heat, especially during the summer months. There are a variety of air conditioners available in the market, from small portable units to large centralised systems. While choosing an air conditioner, it is essential to consider the size of the room, the climate, the budget, and the features required.
Did you know? Voltas launched India's first Air Conditioner in 1954
Air Conditioner Industry in India
The air conditioner industry in India is one of the fastest-growing industries in the country. The industry is expected to grow at a compound annual growth rate (CAGR) of around 20% between 2020 and 2025. The industry is driven by the growing demand for air conditioners in the residential and commercial sectors.
The industry is also supported by the government's initiatives such as the PLI scheme to promote air conditioners manufacturing in the country, which is constantly reducing the price of ACs due to less dependency on exported good. The PLI Scheme for White Goods (AC and LED) aims to encourage local production capacity of air conditioners, LED lights, and related components, particularly in export-dependent areas.
The air conditioner industry in India is highly fragmented, with many small and medium-sized manufacturers. The top five manufacturers in the industry account for less than 30% of the total market.
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Key Takeaways:
1. The Indian AC market is expected to grow by 25.5% from 2019-2025. The sales of ACs are driven by rising income levels and changing consumer preferences.
2. The Split AC segment accounts for India's significant share of the AC market. The segment is expected to grow at a CAGR of 25.4% during the forecast period.
3. The inverter AC segment is expected to grow at a CAGR of 26.8% during the forecast period. Inverter ACs are more energy-efficient and have a longer lifespan than conventional ACs.
4. Voltas, LG, and Samsung are the leading AC companies in India. These companies have a comprehensive product portfolio and a strong distribution network.
Top 10 Air Conditioner (AC) Brands in India
The Indian air conditioner sector is an industry with heavy competition as big companies are constantly trying to capture the market share of this growing Indian economy. The top 10 AC companies in India are -
Voltas:
Voltas is an Indian air conditioning company part of the Tata Group. The company offers a wide range of air conditioners, from room air conditioners to large central air conditioning systems. Voltas is one of India's leading air conditioner companies and has a strong presence in both the residential and commercial air conditioning market. The company has a vast network of dealers and service centres across India, making it easy for customers to get service and support for their air conditioners. Volta's air conditioners are known for their energy efficiency, and the company offers a wide range of models to suit unique needs and budgets. Volta's air conditioners are an excellent choice for those looking for a reliable and affordable air conditioning option in India.
Samsung:
In India, Samsung AC is a trendy company for air conditioners. The company offers a wide range of ACs suitable for all budgets. The ACs from Samsung are known for their energy efficiency and powerful cooling. The AC company offers a wide range of features in its ACs, making them extremely attractive to consumers. Some of the popular features offered by Samsung ACs are:
- Energy efficient: Samsung ACs are very energy efficient and consume less power than other ACs. This makes them very cost-effective overall.
- Powerful cooling: Samsung ACs offer powerful cooling that is perfect for the hot extended summers.
- Wide range of features: Samsung ACs have a wide range of features that make them incredibly attractive to consumers. Some of the popular features offered by Samsung ACs are auto-cleaning, dust filters, dehumidifiers, etc.
- Affordable: Samsung ACs are very affordable and suitable for all types of budgets.
Daikin:
Daikin is one of the leading air conditioner companies in India. The company offers a wide range of air conditioners for their energy efficiency and superior performance. Daikin air conditioners are available in various models and sizes to suit the customers' specific needs. The company also offers a wide range of air conditioner accessories that can be used to enhance the performance of the air conditioners.
LG:
LG is a leading air conditioner company in India that offers a wide range of air conditioners for residential and commercial purposes. LG air conditioners are known for their energy efficiency, innovative features, and stylish designs. Some of India's popular LG air conditioner models include LG Inverter V Air Conditioner, LG Neo Plasma Air Conditioner, and LG Art Cool Air Conditioner. LG air conditioners are available in various capacities ranging from one ton to five tons and are priced between ₹20,000 to ₹1,00,000.
Whirlpool:
Whirlpool is an American multinational corporation that produces home appliances headquartered in Benton Harbor, Michigan. The company has over 70,000 employees and operates in more than 150 countries. In India, Whirlpool has been present since the late 1980s and has become a leading company in the home appliance industry. Whirlpool's air conditioners are some of the most popular in the country due partly to their wide range of features and competitive prices. The company offers a variety of AC models to suit every need, from window units to split systems. Whirlpool's ACs are known for their energy efficiency, and many models come with features like auto restart, sleep mode, and anti-bacterial filters.
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Videocon:
Videocon is one of the leading consumer electronics companies in India. The company has a wide range of products in its portfolio, which includes air conditioners. Videocon air conditioners are known for their quality, performance, and energy efficiency. The company offers various models to choose from, suitable for all budgets. Videocon air conditioners have various features, such as auto-restart, sleep mode, and remote control. They are also available in a variety of capacities, from one ton to 2.5 tons. Videocon air conditioners are a wonderful choice for those looking for a quality product at an affordable price.
Blue Star:
Blue Star Air Conditioner (AC) company is one of India's most popular and trusted companies of air conditioners. The company has been manufacturing air conditioners for over three decades and has many models to choose from. The company offers a wide range of features and options in its air conditioners, making it one of the most sought-after companies in the country. Some of the popular features offered by the company include energy efficiency, environmentally friendly features, and advanced cooling technology.
Hitachi:
The company Hitachi is a Japanese multinational conglomerate company headquartered in Tokyo, Japan. The company has a wide range of products and services, including air conditioners. In India, the company has been present for over 20 years and has a wide range of air conditioners catering to unique needs. The company has a wide range of air conditioners for both residential and commercial use. Air conditioners are known for their energy efficiency, durability, and low noise levels. The company also offers a wide range of after-sales services and support.
Haier:
Haier is a leading home appliance company in India that provides a wide range of air conditioners. The company is known for its innovative designs, advanced technology, and energy-efficient Products. Haier air conditioners are available in various models to suit the diverse needs of Indian consumers. India's popular Haier AC models include the Haier Inverter AC, Haier Split AC, and Haier Window AC. Haier Inverter ACs are designed to save energy and provide cool air during power cuts. Haier Split ACs are ideal for large rooms and offices. They come with powerful compressors and advanced air filtration systems. Haier Window ACs are perfect for small spaces and apartments. They are easy to install and come with remote control for convenient operation.
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O General:
O General is one of India's most popular air conditioner companies. The company offers a wide range of air conditioners for their energy efficiency, durability, and performance. O General air conditioners are available in various sizes and capacities to suit the needs of different customers. The company also offers a wide range of air conditioner accessories that can be used to enhance the performance of the air conditioners.
Conclusion:
The air conditioner market is rapidly growing in India. In order to acquire such a vast and lucrative market, companies have been pumping all that they have. The market has seen a significant boom opening a plethora of chances for everyone in the country.
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