India Air Conditioners Market Demand Dynamics: Projected Growth to USD 5.41 Billion
The Indian air conditioner (AC) market has witnessed significant expansion and transformation in recent years, driven by several key factors, including urbanization, increasing disposable incomes, technological advancements, and changing climate conditions. According to a report by TechSci Research titled “ India Air Conditioner Market – By Region, Forecast & Opportunities, 2030F,” the Indian AC market stood at USD 5.41 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% through 2030. This report explores the market's growth trajectory, trends, competitive landscape, and future prospects. India Air Conditioners Market Dynamics Urbanization and Economic Growth Urbanization in India has accelerated over the past two decades, resulting in rapid infrastructural development and a growing need for residential and commercial cooling solutions. As urban areas expand and living standards improve, more households and businesses are a...