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India Decarbonization HVAC Market Share

Report ID: GMI10659
Published Date: Aug 2024
Report Format: PDF

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India Decarbonization HVAC Market Share

India Decarbonization HVAC Company Market Share Analysis, 2023

The India decarbonization HVAC industry is fragmented, with several regional companies operating on a global scale. In 2023, the Daikin corporation ltd, Carrier Group, Voltas group, blue star limited, and Johnson controls plc led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.

India Decarbonization HVAC Market Companies

Major players operating in the India decarbonization HVAC industry are:

Blue Star Limited
Bosch Limited
Carrier group
Daikin industries ltd
Danfoss Industries Pvt. Ltd
Emerson Climate Technologies (India) Pvt. Ltd
Johnson Controls Plc
Kruger Ventilation Industries
LG Electronics Pvt. Ltd
Midea Group Co., Ltd.
Mitsubishi Electric Group
Samsung Electronics Co., Ltd
Trane Technologies
Voltas
Whirlpool of India Ltd

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of India decarbonization HVAC was recorded USD 1.71 billion in 2023 and is anticipated to register 18.8% CAGR between 2024 to 2032, driven by a focus on environmental sustainability and energy efficiency.

India decarbonization HVAC industry from the direct method segment is anticipated to record 19.2% CAGR through 2032, due to its immediate and tangible reduction in carbon emissions through low-carbon technologies.

In 2023, air conditioning equipment segment accounted for around USD 953.9 million and is expected to reach USD 4.34 billion by 2032, due to its significant impact on energy consumption and carbon emissions.

Blue Star Limited, Bosch Limited, Carrier group, Daikin industries ltd, Danfoss Industries Pvt. Ltd, Emerson Climate Technologies (India) Pvt. Ltd, Johnson Controls Plc, and Kruger Ventilation Industries, among others.