In 2023, the import of air conditioners with refrigerating units to India stood at 7.05 million kilograms. Based on forecasted data, the import is expected to grow steadily over the next five years, reaching 7.1851 million kilograms in 2024, 7.502 million kilograms in 2025, 7.8125 million kilograms in 2026, 8.1169 million kilograms in 2027, and 8.4151 million kilograms in 2028.
The year-on-year variation indicates a steady increase in volume; from 2024 to 2025, the growth is approximately 4.4%, followed by 4.1% from 2025 to 2026, 3.9% from 2026 to 2027, and 3.7% from 2027 to 2028. The compounded annual growth rate (CAGR) over the five years from 2023 to 2028 is approximately 3.6%.
Future trends to watch for include advancements in energy-efficient technology, fluctuations in international trade policies, and the increasing demand for air conditioning due to rising temperatures and urbanization in India. Additionally, local manufacturing capabilities and the push for sustainability may impact import volumes significantly.
