India Air Conditioners Market to Cross US$ 6 Billion by 2021, Says TechSci Research

NEW YORK, October 25, 2016 /PRNewswire/ --

Increasing urbanisation, growing purchasing power and changing climatic conditions to drive India air conditioners market through 2021 

According to 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.

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Browse 18 market data Tables and 76 Figures spread through 155 Pages and an in-depth TOC on     

"India Air Conditioners Market" 

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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.

South region is the highest demand generators for air conditioners in the country, and its dominance is expected to continue during 2016 - 2021 as well. South region comprises of cities such as Bengaluru and Chennai, which are considered as the IT Hubs of the country, are developing, and the demand for air conditioners is increasing from these areas. In 2015, light commercial air conditioners dominated the India air conditioners market, followed by Chillers, VRF and Ductable Splits.