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India VRF Air Conditioner Market Overview
India VRF air conditioner market has started growing over the past few years due to the rising construction activities across airports, metro railway stations, commercial spaces, and the growing retail sector through commercial malls. Furthermore, the government's increasing spending towards public infrastructure and urbanization through initiatives such as the "Smart Cities Mission" has further spurred the VRF air conditioner market in the country.
According to 6Wresearch, India VRF Air Conditioner Market size is projected to grow at a CAGR of 9.6% during 2021-2027F. India VRF Air Conditioner market is highly competitive and fragmented with international and unorganized market participants. Additionally, growth in several construction projects across metro tier-2 cities such as Bhopal, Indore, Surat, etc., would further increase the demand for VRF air conditioners in the country in the coming years. In terms of the market segment in 2020, by compressor types, the water-cooled held major India VRF air conditioner market share due to the price gap compared to the air-cooled compressors and the increasing adoption of water-cooled compressors in the residential segment.
Market by Components Analysis
For 2020, the Outdoor units connected to multiple indoor units dominated the VRF air conditioner market in India. The prominent reason for the increased demand for outdoor units in India is utilizing multiple split air conditioner systems. The commercial offices, buildings, and buildings aim to minimize their costs- the VRF systems are comparatively energy-efficient to their counterparts due to the facility of outdoor air-cooled condensers, thus augmenting the demand for outdoor units.
Key Highlights of the Report
- India VRF Air Conditioner Market Overview
- India VRF Air Conditioner Market Outlook
- India VRF Air Conditioner Market Forecast
- India VRF Air Conditioner Market Trends
- India VRF Air Conditioner Market Growth
- Historical Data and Forecast of India VRF Air Conditioner Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Regions, for the Period 2017-2027F
- Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Components, for the Period 2017-2027F
- Historical Data and Forecast of India VRF Air Conditioner Market Revenues By System Types, for the Period 2017-2027F
- Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Compressor, for the Period 2017-2027F
- Historical Data and Forecast of India VRF Air Conditioner Market Revenues By Applications, for the Period 2017-2027F
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