India's Split Air Conditioning market is estimated to augment at a significant growth rate during the forecast period. Hot climatic conditions, increasing average temperature of the atmosphere, rising urbanization, expanding the middle-class population, and increasing per capita disposable income are some of the major factors that are contributing to the market growth. Due to this, attention towards energy-efficient air-conditioning systems is shifting which is further motivating the market. Moreover, the rising adoption of solar energy in the country is reducing the cost of electricity production which will also motivate people to adopt air conditioners in the country. 

The Indian split air conditioning market is segmented on the basis of application, and refrigerant type. By application, the market is segmented into residential, commercial, industrial, and others. Residential is expected to have a major market share with a significant growth rate during the forecast period. By refrigerant type, the market is segmented into HCFC, HFC, HFO, Natural Refrigerant. Due to the Montreal Protocol, a significant drop in the HCFC and HFC segment will be witnessed as HCFC reduction have to reduced by 35% by 2020 and 67.5% reduction by 2025 in all developing countries. Natural refrigerant and HFO are expected to show a considerable growth rate during the forecast period. 

The companies which are contributing to the growth of the market include Blue Star Ltd., Daikin Industries Ltd., Haier Electronics Group Co. Ltd., Hitachi Ltd., LG Electronics Inc., Panasonic Corp., Samsung Electronics Co., Ltd., The Whirlpool Corp., United Technologies Corp., Voltas Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in January 2020, Chinese AC company TCL is entering the Indian AC market. The company will launch a number of internet-enabled ACs. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for AC manufacturers, AC component manufacturers, automobile companies, chemical companies, government organizations, venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. India Split Air Conditioning Market Research and Analysis by Application 
2. India Split Air Conditioning Market Research and Analysis by Refrigerant Type

The Report Covers

• Comprehensive research methodology of India Split Air Conditioning Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting India split air conditioning market.
• Insights about market determinants which are stimulating India split air conditioning market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.