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2 |4 INDIA
2017/01/23
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal
 
Market Structure
 
The Indian air conditioner market is highly fragmented, with over 20 competitors in the fray. There was no significant capacity addition during 2016, though most manufacturers balanced their production lines and worked extra shifts to cope with the peak summer demand.
 
Onida, an Indian manufacturer that was aggressive in the past, appears to be vacating this industry.
 
The major Indian manufacturers in the market are Voltas, Videocon, Blue Star, Fedders Lloyd, and Godrej. Quite a few large Japanese companies have a presence in the country: Daikin, JCI-Hitachi, Panasonic, Fujitsu General, Toshiba Carrier, Mitsubishi Electric, and Mitsubishi Heavy Industries Thermal Systems (MTH). Korean multinationals LG and Samsung are also large players in the country. Midea and Haier, two of the Chinese majors, are also present. Carrier, Trane, and Whirlpool are the U.S. multinationals with a presence in India.
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