In 2023, the import of air conditioners without a refrigerating unit to India stood at 382.0 thousand. The forecasted values for the subsequent years show a consistent increase. From 2024 to 2028, the imports grow annually by approximately 5%. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated at around 4.6%, indicating a steady uptick in demand.
Future trends to watch for:
- Increasing demand due to a rise in India's urban population and hot climate.
- Potential policy changes or tariffs that could influence import dynamics.
- Technological advancements in energy-efficient models could drive market shifts.
- Global supply chain factors and trade agreements impacting import flows.