Variable Refrigerant Flow (VRF) Air Conditioning Market to Register 12.62% CAGR - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "India Air Conditioning Market Overview" report to their offering.

Air conditioning systems comprise the largest share of total HVAC system demand globally. Growing urbanization is fueling the construction of retail, hospitality and commercial properties and, in turn, expanding the market for air conditioning systems in India. Sudden spurt in mercury levels in central, western and southern regions in the country have increased month-on-month sales for most manufacturers.

The market is mainly driven by the increasing demand of room air conditioners in residential and commercial areas. Most of the current market for air conditioning systems is concentrated in Tier-I and Tier-II cities where construction activity is the highest. As a result of the growing momentum towards smart cities, it is expected that the demand for air conditioning systems will continue to grow.

India's air conditioning market was growing with a CAGR of 6.82% over a period of five years. The India air conditioning market consists of a range of product categories such as central plant systems, VRF systems, packaged/ducted systems as well as room air conditioners.

Foreign manufacturers are continuously establishing capabilities in India to capture the room air conditioners market that is propelled by growth factors such as high disposable incomes, large base of middle-class households, and the propensity of the young workforce to spend on electrical and electronic goods.

Key Topics Covered:

1. Executive Summary

2. Global Air Conditioning Market Outlook

3. India Air Conditioning Market Outlook

4. Pricing Analysis

5. Company Profiles

Companies Mentioned:

  • Voltas Limited
  • Samsung India
  • LG Electronics India Pvt. Ltd.
  • Panasonic India Pvt. Ltd.
  • Daikin Air Conditioning India Pvt. Ltd.

For more information visit http://www.researchandmarkets.com/research/9bhkmg/india_air

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: HVAC (Heating, Ventilation, and Air Conditioning)

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: HVAC (Heating, Ventilation, and Air Conditioning)