The projected import value of self-contained window or wall type air conditioners to India is anticipated to grow from $856.39 million in 2024 to $988.28 million by 2028. This reflects a steady increase in imports, indicating robust demand for these cooling systems. Based on year-on-year comparison, the market seems to be expanding annually by approximately 3.9% from 2024 to 2025, and similarly for the following years. The compounded annual growth rate (CAGR) over the forecasted period is estimated to be around 3.6%, portraying a consistent upward trend.
Future trends to watch for include:
- Environmental regulations promoting energy-efficient air conditioners.
- Rising urbanization and increased consumer spending in India.
- Technological advancements and innovation in air conditioning units.
- Global economic conditions impacting import tariffs and costs.
