Product Code: ETC4487425 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Refrigeration oils are vital for the efficient operation of refrigeration and air conditioning systems. The India refrigeration oil market is driven by the growth in the HVAC (heating, ventilation, and air conditioning) industry, as well as the need for oils that offer high performance and energy efficiency in refrigeration systems.
The India Refrigeration Oil market is influenced by various factors, with the growth of the HVAC (heating, ventilation, and air conditioning) sector being a significant driver. As income levels rise and climate change prompts greater air conditioning usage, the demand for refrigeration and air conditioning systems has increased. Refrigeration oils play a vital role in these systems, as they ensure efficient heat exchange and compressor lubrication. Moreover, advancements in energy-efficient technologies have led to the development of specialized oils to enhance system performance and environmental sustainability.
The India refrigeration oil market encounters challenges related to the growing demand for energy-efficient and eco-friendly refrigeration solutions. The transition to new refrigerants, compliance with international standards, and the need for high-quality oils in refrigeration systems require manufacturers to adapt and innovate. The market is also influenced by government policies on refrigeration and air conditioning.
The India refrigeration oil market, essential for the cooling and air conditioning industry, felt the impact of the COVID-19 pandemic. With restrictions on movement and trade disruptions, the supply chain for refrigeration oil was affected, causing fluctuations in prices. Reduced industrial and commercial activities also led to a decrease in demand for refrigeration oil. However, as businesses reopen and people return to work, the market is expected to recover, especially with the increased focus on indoor air quality and cooling solutions.
Players in the refrigeration oil market in India encompass companies like Chemtura Corporation, Bharat Petroleum, Hindustan Petroleum, IOCL, and Castrol India. These companies produce refrigeration oils used in various cooling systems and air conditioning units.
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 Refrigeration Oil Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Refrigeration Oil Market Revenues & Volume, 2021 & 2031F |
3.3 India Refrigeration Oil Market - Industry Life Cycle |
3.4 India Refrigeration Oil Market - Porter's Five Forces |
3.5 India Refrigeration Oil Market Revenues & Volume Share, By Oil Type, 2021 & 2031F |
3.6 India Refrigeration Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Refrigeration Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Refrigeration Oil Market Trends |
6 India Refrigeration Oil Market, By Types |
6.1 India Refrigeration Oil Market, By Oil Type |
6.1.1 Overview and Analysis |
6.1.2 India Refrigeration Oil Market Revenues & Volume, By Oil Type, 2021-2031F |
6.1.3 India Refrigeration Oil Market Revenues & Volume, By Synthetic oil, 2021-2031F |
6.1.4 India Refrigeration Oil Market Revenues & Volume, By Mineral oil, 2021-2031F |
6.2 India Refrigeration Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Refrigeration Oil Market Revenues & Volume, By Refrigerators & Freezers, 2021-2031F |
6.2.3 India Refrigeration Oil Market Revenues & Volume, By Air Conditioner, 2021-2031F |
6.2.4 India Refrigeration Oil Market Revenues & Volume, By Automotive AC System, 2021-2031F |
6.2.5 India Refrigeration Oil Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 India Refrigeration Oil Market Import-Export Trade Statistics |
7.1 India Refrigeration Oil Market Export to Major Countries |
7.2 India Refrigeration Oil Market Imports from Major Countries |
8 India Refrigeration Oil Market Key Performance Indicators |
9 India Refrigeration Oil Market - Opportunity Assessment |
9.1 India Refrigeration Oil Market Opportunity Assessment, By Oil Type, 2021 & 2031F |
9.2 India Refrigeration Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Refrigeration Oil Market - Competitive Landscape |
10.1 India Refrigeration Oil Market Revenue Share, By Companies, 2024 |
10.2 India Refrigeration Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |