The import of air conditioners with reverse cycle refrigeration to India showed a steady increase from $X million in 2023 to a forecasted $31.795 million in 2024. This upward trend continues with values reaching $32.982 million in 2025, $34.145 million in 2026, $35.284 million in 2027, and $36.401 million in 2028. The year-on-year variations from 2023 to 2024 are noteworthy and showcase a consistent growth pattern in subsequent years. Over the last two years, this market witnessed a significant annual growth rate of approximately Y%, with the last CAGR indicating an average yearly increase of about Z% over the five-year period.
Future trends to watch for in this sector include advancements in energy-efficient technologies, shifts in consumer preferences towards eco-friendly products, and regulatory changes that might affect import patterns. Additionally, the economic climate and exchange rate fluctuations could impact import costs and demand.