India Split Air Conditioning Market Size, share, Industry Growth, Future ProspecPosted by Avinash on February 28th, 2020 India's Split Air Conditioning market is estimated to augment at a significant growth rate during the forecast period. Hot climatic conditions, increasing average temperature of the atmosphere, rising urbanization, expanding the middle-class population, and increasing per capita disposable income are some of the major factors that are contributing to the market growth. Due to this, attention towards energy-efficient air-conditioning systems is shifting which is further motivating the market. Moreover, the rising adoption of solar energy in the country is reducing the cost of electricity production which will also motivate people to adopt air conditioners in the country. Request a Free Sample of India Split Air Conditioning Market : https://www.omrglobal.com/request-sample/india-split-air-conditioning-market The Indian split air conditioning market is segmented on the basis of application, and refrigerant type. By application, the market is segmented into residential, commercial, industrial, and others. Residential is expected to have a major market share with a significant growth rate during the forecast period. By refrigerant type, the market is segmented into HCFC, HFC, HFO, Natural Refrigerant. Due to the Montreal Protocol, a significant drop in the HCFC and HFC segment will be witnessed as HCFC reduction have to reduced by 35% by 2020 and 67.5% reduction by 2025 in all developing countries. Natural refrigerant and HFO are expected to show a considerable growth rate during the forecast period. A full Report of India Split Air Conditioning Market is Available at: https://www.omrglobal.com/industry-reports/india-split-air-conditioning-market The companies which are contributing to the growth of the market include Blue Star Ltd., Daikin Industries Ltd., Haier Electronics Group Co. Ltd., Hitachi Ltd., LG Electronics Inc., Panasonic Corp., Samsung Electronics Co., Ltd., The Whirlpool Corp., United Technologies Corp., Voltas Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in January 2020, Chinese AC company TCL is entering the Indian AC market. The company will launch a number of internet-enabled ACs. Market Segmentation India Split Air Conditioning Market by Application
India Split Air Conditioning Market by Refrigerant Type
Company Profiles
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