The import of air conditioners with refrigerating units to India is forecasted to increase from 295.82 thousand in 2024 to 347.3 thousand by 2028, indicating a steadily rising trend. The year-on-year growth rates are estimated at approximately 4.49% between 2024 and 2025, 4.19% from 2025 to 2026, 3.95% from 2026 to 2027, and 3.74% from 2027 to 2028. These growth rates reveal a decreasing trend in growth momentum over the years. The compounded annual growth rate (CAGR) over the last five years is calculated to be around 4.16%.
Future trends to watch for include potential shifts in energy efficiency regulations, increasing demand driven by rising temperatures, and technological advancements in air conditioning units. Market dynamics could also be influenced by changes in import policies, domestic manufacturing capabilities, and consumer preferences towards environmentally friendly solutions.
