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A Research Report on Split AC Market, Size and Growth

AC Buying Guide | Air conditioners have slowly transferred it from being a luxury to a necessity in India owing to increasingly higher summer temperatures touching even 50 degrees.

Still, over the years in the consumer durable industry, ACs is placed as the 7th priority in India. Yes, they are behind appliances such as fans, TVs, mixer grinders, air coolers, refrigerators and washing machines.

Indian AC market has seen only 8% penetration

Also, despite slowly rising to the needs of the scorching summer months, India has been one of the lowest penetrated AC markets globally. The market has only 8% penetration as of 2019.

Despite the Indian AC market being only one-tenth of the Chinese AC market, its growth in the last year was incredible with 5.2 million unit sales. It saw a higher increase in sales and trends show a bigger potential for economic growth.

The Indian market is seeing good response for inverter ACs

The market is seeing good response for inverter ACs as it is an energy-efficient model available now.

A brand like LG has also come up with dual inverter ACs so that customers who are looking to run ACs for longer hours may run it and yet pay smaller power bills.

The new features like Himalaya Cool Technology by LG is also another standard being used by the company in its range of ACs in India. It is to suit the Indian conditions so that it is easier to cool a room fast in dry and sweating conditions.

Split AC is most preferred AC variant in India

Even companies like Onida have brought Wi-Fi-enabled controlling features of ACs via apps on smart devices. The feature is fast gaining acceptance and being employed by other players too.

The split AC and overall AC market of India are expected to grow at 12-15% over the next years compared to the overall 8.5% global growth rate.

Split AC is one of the most preferred types of air conditioners in India, and it is being reported by many surveys to be growing. More than 85% ACs that are sold in India are split AC. Inverter AC, on the other hand, is almost one-third of them, and it is pegged to increase by half in volumes by 2020.

What are the best split inverter ACs to buy in India?

India has many inverter AC models across brands that you can find matching your needs and budget. Here is a quick AC buying guide through which one can go with for a detailed information to make their purchase right :

  • Onida 1 Ton 3 Star Split Inverter AC

  • Capacity -1 ton – suitable for cooling small rooms
  • Power consumption – 1280 W
  • Copper condenser – enjoy efficient cooling without higher maintenance risks
  • Auto restart mode
  • Sleep mode available
  • 3 Star Rating to save up to 15% on energy bills

Price in India – Rs.25,000.

  • Whirlpool 1 Ton 5 Star Split Inverter AC

  • Capacity – 1 ton – perfect for cooling small spaces
  • Power consumption – 920 W
  • Copper condenser – energy-efficient cooling with easier maintenance
  • Sleep mode
  • Auto restart facility
  • 5 Star Rating to save up to 25% on power bills

Price in India – Rs.30,000.

  • Voltas 1.5 Ton 5 Star Split Inverter AC

  • Capacity – 1.5 ton – suitable for cooling medium to large spaces
  • Power consumption – 1355 W
  • Copper condenser – access easier maintenance with competent cooling
  • Sleep mode feature
  • Auto restart mode
  • 5 Star Rating to save up to 25% on electricity bills

Price in India – Rs.39,000.

With the passage of time, the split AC market in India is expected to see a rise in the coming years. 2020 may see a sharp increase in the prices of split ACs owing to the novel Coronavirus (COVID-19) outbreak affecting supplier markets like China.

Thus, if you were looking to buy an AC at a lower price, then it is time to do that. The market is expected to see a 5-10% increase in the AC prices due to Coronavirus pandemic.

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