India air conditioners market stood at over $ 4.3 billion in 2017 and is projected to grow at a CAGR of more than 17%, to surpass $ 11 billion by 2023. Anticipated growth in the market is led by rising infrastructure development in the country coupled with growing demand for residential and commercial spaces. Moreover, constantly rising temperature along with increasing purchasing power of the consumers is further fueling growth in the country’s air conditioners market. Additionally, emergence of technologically advanced air conditioners, such as inverter technology, smart air conditioners, etc., is further anticipated to augment the demand for air conditioners across India in the coming years.
