Air conditioner market size in India FY 2010-2023

Climate change has had an unrelenting effect on India. In 2019, in the northern regions of the country, temperatures passed the 50 degrees Celsius mark. Temperatures in the Indian summer over the last decade or so have repeatedly broken heat records, and there is no sign of respite from heat waves in the foreseeable future, making air conditioning an increasingly important fixture in Indian homes. Increasing demands and market leaders Increasing demand for home appliances , along with a fairly low penetration rate, has left the Indian air conditioner market with plenty of room to grow and is estimated to reach 9.7 million units in financial year 2023. The leading manufacturer of air conditioners in India was Voltas with 21 percent of the market share. Since October 2020, the Indian government has banned imports of ready-to-install air conditioners, providing a boost to manufactures in India. Energy consumption in India India was expected to become the world’s third largest energy consumer by 2030, overtaking the European Union, contributed by rising incomes and improving standards of living. However, with increasing public and private investments in the renewable energy sector, the capacity of renewable energy has been in the rise. The capacity of solar energy reached over 39 thousand megawatts in 2020. As of 2020, India ranked fourth in installed renewable energy capacity worldwide.

气候变化对印度的影响持续而强烈。2019年，该国北部地区的气温已超过50摄氏度。在过去十年左右的时间里，印度的夏季气温屡次打破高温记录，且未来可预见的时期内，热浪的缓解迹象尚不明显，这使得空调在印度家庭中的重要性日益凸显。随着对家用电器需求的不断增长以及相对较低的市场渗透率，印度空调市场仍有广阔的成长空间，预计到2023财年将达到970万台。在印度，空调的领先制造商为Voltas，其市场份额为21%。自2020年10月起，印度政府禁止进口现成安装的空调，此举为印度制造商提供了助力。印度的能源消耗方面，预计到2030年，印度将成为世界第三大能源消费国，超越欧盟，这一增长得益于收入的上升和生活水平的提升。然而，随着公众和私营部门对可再生能源领域的投资不断增加，可再生能源的产能也在持续增长。截至2020年，太阳能的产能已超过3.9万兆瓦。截至2020年，印度在全球可再生能源装机容量排名中位居第四。