Compared to 2016-17, the AC industry sales are expected to rise by 15?18 per cent in 2017-18.
For 2015-16, the market size of air-conditioners in India was estimated at four million units.
Room air conditioners sales to reach 7mn by 2020E (15% CAGR) (Forecast by Motilal Oswal Securities,
The AC market accounts for sales of 3.2 million units annually but has been witnessing tepid growth over the last two years. The penetration of ACs stands at 3-4% in the Indian market.
"Today there are more than 50 brands trying to sell their ACs (more than 70 brands are registered for star-rating labelling at Bureau of Energy Efficiency).
According to “India Air Conditioners Market Forecast & Opportunities, 2019”, the Indian air conditioners market revenues are projected to grow at a CAGR of around 15% during 2014-19.