India Air Conditioners Market to Cross US$ 6 Billion by 2021, Says TechSci Research
Increasing urbanisation, growing purchasing power and changing climatic conditions to drive India air conditioners market through 2021.
New York, NY, December 22, 2016 --(PR.com)-- According to a recently published TechSci Research report, “India Air Conditioners Market By Product Type, By End Use Sector, By Tonnage Capacity, By Top City Competition Forecast & Opportunities, 2011–2021,” the air conditioners market in India is anticipated to cross US$ 6 Billion by the end of 2021, On account of extreme climatic conditions, rising disposable income, growing construction activities in both commercial and residential sectors, coupled with various government initiatives aimed at improving energy efficiency. Moreover, implementation of energy efficiency labelling system and standardization for air conditioners is expected to have a positive impact on the country’s air conditioners market in the coming years.
Browse 18 market data Tables and 76 Figures spread through 155 Pages and an in-depth TOC on "India Air Conditioners Market"
www.techsciresearch.com/report/india-air-conditioners-market-by-product-type-light-commercial-air-conditioners-chillers-vrfs-ductable-splits-others-by-end-use-sector-by-tonnage-capacity-below-2tr-2-10tr-etc-by-top-city-competition-forecast-opportunities/808.html
The Air conditioners market of any country across the globe is primarily dependent on the construction and infrastructure sectors. During April 2000 – March 2016, around USD24.19 billion were invested for the development of construction industry in India. Moreover, the Government of India allocated around USD1 trillion for the infrastructural development of the country. Hence, backed by booming construction sector and growing infrastructural development, the market of air conditioners in the country is expected to register healthy growth rate during 2016-2021.
The South region has the highest demand generators for air conditioners in the country, and its dominance is expected to continue during 2016 – 2021 as well. The South region comprises cities such as Bengaluru and Chennai, which are considered the IT Hubs of the country, are developing, and the demand for air conditioners is increasing in these areas. In 2015, light commercial air conditioners dominated the India air conditioners market, followed by Chillers, VRF and Ductable Splits.
“Growing air conditioners market in India resulted in high energy demand, increasing electricity bills and environment degradation, which has ultimately resulted in increasing demand for environmental friendly technologies. India aims to reduce its power consumption from air conditioning segment by the implementation of 'Energy Star Ratings' for air conditioners. With the introduction of HFC-32 and HC-290 room air conditioners, India is taking several measures to reduce its emissions in atmosphere, and the country’s government proposed a HCFC phase-out management plan. Hence, the demand for environment friendly air conditioners is expected to grow at a robust pace over the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Air Conditioners Market By Product Type, By End Use Sector, By Tonnage Capacity, By Top City Competition Forecast & Opportunities, 2011–2021” has evaluated the future growth potential of India's air conditioners market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India air conditioners market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Browse 18 market data Tables and 76 Figures spread through 155 Pages and an in-depth TOC on "India Air Conditioners Market"
www.techsciresearch.com/report/india-air-conditioners-market-by-product-type-light-commercial-air-conditioners-chillers-vrfs-ductable-splits-others-by-end-use-sector-by-tonnage-capacity-below-2tr-2-10tr-etc-by-top-city-competition-forecast-opportunities/808.html
The Air conditioners market of any country across the globe is primarily dependent on the construction and infrastructure sectors. During April 2000 – March 2016, around USD24.19 billion were invested for the development of construction industry in India. Moreover, the Government of India allocated around USD1 trillion for the infrastructural development of the country. Hence, backed by booming construction sector and growing infrastructural development, the market of air conditioners in the country is expected to register healthy growth rate during 2016-2021.
The South region has the highest demand generators for air conditioners in the country, and its dominance is expected to continue during 2016 – 2021 as well. The South region comprises cities such as Bengaluru and Chennai, which are considered the IT Hubs of the country, are developing, and the demand for air conditioners is increasing in these areas. In 2015, light commercial air conditioners dominated the India air conditioners market, followed by Chillers, VRF and Ductable Splits.
“Growing air conditioners market in India resulted in high energy demand, increasing electricity bills and environment degradation, which has ultimately resulted in increasing demand for environmental friendly technologies. India aims to reduce its power consumption from air conditioning segment by the implementation of 'Energy Star Ratings' for air conditioners. With the introduction of HFC-32 and HC-290 room air conditioners, India is taking several measures to reduce its emissions in atmosphere, and the country’s government proposed a HCFC phase-out management plan. Hence, the demand for environment friendly air conditioners is expected to grow at a robust pace over the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Air Conditioners Market By Product Type, By End Use Sector, By Tonnage Capacity, By Top City Competition Forecast & Opportunities, 2011–2021” has evaluated the future growth potential of India's air conditioners market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India air conditioners market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Contact
TechSci Research
Ken Mathews
+1 646 360 1656
www.techsciresearch.com
2950 Boundary Road
Burnaby, British Columbia,
Canada – VM5 3Z9
Ken Mathews
+1 646 360 1656
www.techsciresearch.com
2950 Boundary Road
Burnaby, British Columbia,
Canada – VM5 3Z9
Contact
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