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Written by Peter » Updated on: May 13th, 2025
How Big is India HVAC Market Industry?
The India HVAC market size reached USD 11.67 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 45.42 Billion by 2033, exhibiting a growth rate (CAGR) of 16.16% during 2025-2033.
India HVAC Market Trends:
The HVAC sector in India is going through a radical change, the main drivers being urbanization, higher disposable incomes, and the greater consciousness of energy-efficient solutions. As commercial and residential infrastructure expands, the demand for advanced heating, ventilation, and air conditioning systems still rises. The shift towards smart buildings and environmentally friendly construction practices has ensured the fast pace of adoption of HVAC systems that are intelligent and can not only decrease the consumption of energy but also retain the high quality of the air inside.
Moreover, the increased health and comfort awareness in workplaces, hospitals, and hospitality sectors have made perfected air purification and humidity control the most attractive options when it comes to systems. Producers are paying more and more attention to inverter-based and solar-compatible HVAC units to meet the new requirements of eco-friendly consumers and energy efficiency regulations. In urban areas, ductless and VRF (Variable Refrigerant Flow) systems are particularly demanded as the local manufacturers prefer to construct modular designs for the space restrictions.
India HVAC Market Scope and Growth Analysis:
Another noticeable phenomenon in India’s HVAC sector is the combination of IoT and AI-produced technologies that make predictive maintenance, remote monitoring, and automatic climate control real. That was the time when the value of indoor air quality was emphasized, therefore, the demand for HVAC systems with advanced filtration and ventilation capabilities was on the rise. In this way, tier-II and tier-III cities are changing into developed areas mainly because of the growth of real estate construction and rising standards of living. Strategies like the Smart Cities Mission are contributing to market development since the government is making efforts towards sustainable infrastructure. In addition to that, the localized production of both domestic and international companies has helped to reduce costs and satisfy increasing demand.
Not only the rise of e-commerce but also HVAC systems have become more accessible to the larger public with online platforms that are competitive with their pricing and are offering the installation services. As much as India is still experiencing extreme climate change, weather events which are bound to occur, reliable and energy-saving HVAC technologies' demand will still prevail in the future market.
Download sample copy of the Report: https://www.imarcgroup.com/india-hvac-market/requestsample
India HVAC Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the India HVAC market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Product Type Insights:
End User Insights:
Regional Insights:
Other Key Points Covered in the Report:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the India HVAC industry.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
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Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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