COMPETITIVE LANDSCAPE
Leading brands maintain dominance through innovation
Air conditioners in India is moderately concentrated, with the top three manufacturers accounting for nearly half of retail volume sales in 2025. Voltas led with a 19% retail volume share, followed by LG Electronics India Pvt Ltd with 17%, and Daikin Airconditioning India Pvt Ltd with 13% in 2025.
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Overview:
Understand the latest market trends and future growth opportunities for the Air Conditioners industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Air Conditioners industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Air Conditioners in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Air Conditioners in India?
- Which are the leading brands in India?
- How are products distributed in India?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Air Conditioners in India - Category analysis
KEY DATA FINDINGS
Record heatwaves and urbanisation drive significant growth and innovation in air conditioners
Energy efficiency drives value growth in air conditioners
Split air conditioners dominates and drives growth
Smart features drive premiumisation
Eco-friendly developments, including from Carrier Midea and Samsung, have an impact
Companies invest in circular economy, which could hamper growth in the primary market
Digital commerce expected to shape air conditioners
Localisation trend will lead to higher local manufacturing capacity
Leading brands maintain dominance through innovation
Appliances and electronics specialists leads as advice is important
Retail e-commerce continues to gain traction
Consumer Appliances in India - Industry Overview
Robust economic drivers and technology fuel significant expansion for consumer appliances
Rising incomes drive volume and particularly value growth as premiumisation advances
Small cooking appliances leads sales, but air conditioners is dynamic due to climate change
Convenience and customisation contribute to growth
Consumers shift to intelligent, connected consumer appliances to meet their needs
Dynamism expected to continue as incomes rise and time-saving appliances are demanded
Premiumisation and technology set to drive growth
Retail e-commerce expected to gain share, although offline retail will also remain important
A fragmented competitive landscape with players differentiating through innovation
Smart product launches tailored to Indian consumers and retail reach used to differentiate
Opportunities for businesses in premium and smart appliances
Omnichannel strategies drive sales of major appliances
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Air Conditioners
- Portable Room Air Conditioners
- Split Air Conditioners
- Window Air Conditioners
Air Conditioners
This category includes portable room air conditioners, split air conditioners and window air conditioners.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Air Conditioners research and analysis database.
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