Market Forecast By Product Type (Heating, Cooling, Ventilation), By End-User (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC005864 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India HVAC System Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 15.80% in 2028, following an initial rate of 14.60%, before easing to 15.31% at the end of the period.
The India HVAC system market is expected to register a CAGR of over 13% during the forecast period of 2020-2026. The major factors driving the growth of the market are increasing population and rapid urbanization, rising demand for energy efficient systems from commercial and residential sectors, growing awareness about green buildings & smart cities, favorable government initiatives for sustainable development, and technological advancements in HVAC systems. The booming real estate sector coupled with changing consumer preferences towards energy-efficient cooling solutions is further augmenting the demand for these systems. Moreover, ongoing investments from both domestic as well as international players in research & development activities have led to cost reduction and increased product efficiency which has contributed significant to this market's growth potential
However, high installation costs associated with advanced HVAC systems such as VRF/VRV (Variable Refrigerant Flow / Variable Refrigerant Volume) may restrain industry expansion over the coming years. Additionally, stringent regulations on refrigerants used in air conditioning units due to their harmful environmental effects poses a challenge to manufacturers operating in this domain.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India HVAC System Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India HVAC System Market Revenues & Volume, 2019 & 2026F |
3.3 India HVAC System Market - Industry Life Cycle |
3.4 India HVAC System Market - Porter's Five Forces |
3.5 India HVAC System Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 India HVAC System Market Revenues & Volume Share, By End-User, 2019 & 2026F |
4 India HVAC System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India HVAC System Market Trends |
6 India HVAC System Market, By Types |
6.1 India HVAC System Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India HVAC System Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 India HVAC System Market Revenues & Volume, By Heating, 2016 - 2026F |
6.1.4 India HVAC System Market Revenues & Volume, By Cooling, 2016 - 2026F |
6.1.5 India HVAC System Market Revenues & Volume, By Ventilation, 2016 - 2026F |
6.2 India HVAC System Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 India HVAC System Market Revenues & Volume, By Residential, 2016 - 2026F |
6.2.3 India HVAC System Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.2.4 India HVAC System Market Revenues & Volume, By Industrial, 2016 - 2026F |
7 India HVAC System Market Import-Export Trade Statistics |
7.1 India HVAC System Market Export to Major Countries |
7.2 India HVAC System Market Imports from Major Countries |
8 India HVAC System Market Key Performance Indicators |
9 India HVAC System Market - Opportunity Assessment |
9.1 India HVAC System Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 India HVAC System Market Opportunity Assessment, By End-User, 2019 & 2026F |
10 India HVAC System Market - Competitive Landscape |
10.1 India HVAC System Market Revenue Share, By Companies, 2019 |
10.2 India HVAC System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |