India Home Ventilation System Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Home Ventilation System Market Analysis
Home ventilation system accounts for 15 - 20 % of centralised AC market. COVID-19 pandemic has surged the need for a comfortable and safe indoor environment. Since the virus is capable of spreading through the air and other mediums, the demand for high air quality has increased. Also, the rising pollution levels have raised the need for increased air quality to an unprecedented height. However, due to lockdowns, social distancing norms, and curfews, the production levels have diminished.
The northern part of the country holds the largest Indian HVAC industry share, due to the varying climatic conditions here. While Rajasthan, Delhi, Haryana, Madhya Pradesh, Uttar Pradesh, and Punjab have a predominantly hot climate, Uttarakhand, Jammu and Kashmir, Ladakh, and Himachal Pradesh experience long and freezing winters. This is leading to the increasing installation of cooling, as well as heating equipment in North India. Moreover, the purchasing power of the people living in the northern part of the nation is helping them purchase a variety of HVAC equipment.
One of the trends in the India Home ventilation market is energy-efficient equipment. Due to the growing environmental concerns in the country, the preference is shifting toward HVAC equipment which uses less fuel and electricity, but provides the same or better efficiency than conventional variants. Additionally, the national government introduced a new Energy Conservation Building Code (ECBC), ECO Niwas Samhita, in 2018, for residential units. The aim of this energy-efficiency measure is to cut down the annual electricity consumption by 125 billion units by 2030.
India Home Ventilation System Market Trends
This section covers the major market trends shaping the India Home Ventilation System Market according to our research experts:
Rising Residential Construction Sector in India Driving the Market.
Residential construction in India growing around 15% CAGR and about to cross INR 40,000 billion in 2022, India witnessing an improvement in the real estate regulations, growth in the urbanization rate, and rise in government-initiated residential projects.India is among the top 10 price appreciating housing markets internationally. Organised retail real estate stock is expected to increase by 28% to 82 million sq. ft. by 2023.
Home sales volume across seven major cities in India surged 113% YoY to reach 62,800 units in the third quarter 2021, from 29,520 units in the same period in 2020. The current shortage of housing in urban areas is estimated to be 10 million units. An additional 25 million units of affordable housing are required by 2030 to meet the growth in the country's urban population.
In November 2021, the Indian Government approved the construction of 3.61 lakh houses under the Pradhan Mantri Awas Yojana (Urban). Moreover, the approval of the new housing units takes the total number of sanctioned houses under the scheme to 1.14 crore. For the affordable housing scheme, the Indian Government has approved a total investment of 7.52 lakh crore. Apart from Ventilation systems, the demand for heat pumps and AC is rising, especially in newly constructed housing units.
Increased Demand for Decentralized Ventilation System to Propel Market Growth
Decentralized ventilation system couples small packaged outdoor-air fan coil units, recirculated-air fan coil units, and a chilled ceiling, could reduce total daily electricity consumption for air-conditioning use by at least 15% in a commercial office space. Decentralization systems outperform in residential and commercial applications where natural ventilation is insufficient. It reduces space conditioning requirements by allowing compartmentalization of buildings into zones, which reduces air leakage through the building envelope. This, in turn, increases comfort, resulting in market growth.
India Home Ventilation System Industry Overview
The report covers major international players operating in the India Household Electric Grills market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies is increasing their market presence by securing new contracts and tapping new markets. It has major players includes Hitachi, Samsung, Bluestar, Voltas and LG etc.
India Home Ventilation System Market Leaders
Daikin
Haier
Bluestar
Voltas
Samsung
*Disclaimer: Major Players sorted in no particular order
India Home Ventilation System Market News
- On June 13, 2022, Voltas launched India's first Air conditioner with HEPA Filter technology. This latest offering, the Voltas' Pure Air 6 Stage Adjustable Inverter AC comes with a unique value proposition of 'Pure & Flexible Air Conditioning', powered with HEPA Filter, PM 1.0 Sensor and AQI Indicator, that helps in purifying the indoor air.
- On August 28, 2021, Hitachi announced its expansion plans to capture the promising residential and commercial air conditioning market in Gujarat. The company is doubling its channel partner strength in Gujarat by taking the current 120 dealers count to over 250 in the next 3 years.
India Home Ventilation System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Exhaust Ventilation System
5.1.2 Supply Ventilation System
5.1.3 Balanced Ventilation System
5.1.4 Energy Recovering System
5.2 By Application
5.2.1 New Decoration
5.2.2 Renovation
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Daikin
6.2.2 Haier
6.2.3 Blue star
6.2.4 Voltas
6.2.5 Samsung
6.2.6 Llyod
6.2.7 LG
6.2.8 Carrier
6.2.9 Hitachi
6.2.10 Mitsubishi
6.2.11 Onida
6.2.12 O General*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
India Home Ventilation System Industry Segmentation
Ventilation refers to the exchange of indoor and outdoor air. Without proper ventilation, an otherwise insulated and airtight house will seal in harmful pollutants, such as carbon monoxide, and moisture that can damage a house. Home ventilation systems provide a safe and comfortable living environment for residents. These systems balance airflow in the home to ensure that harmful pollutants do not build up indoors. India Home Ventilation System Market is segmented by Product Type (Exhaust Ventilation System, Supply Ventilation System, Balanced Ventilation System, Energy Recovery System), and by Application (New Decoration, and Renovation).
| By Product | |
| Exhaust Ventilation System | |
| Supply Ventilation System | |
| Balanced Ventilation System | |
| Energy Recovering System |
| By Application | |
| New Decoration | |
| Renovation |
India Home Ventilation System Market Research FAQs
What is the current India Home Ventilation System Market size?
The India Home Ventilation System Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in India Home Ventilation System Market?
Daikin, Haier , Bluestar , Voltas and Samsung are the major companies operating in the India Home Ventilation System Market.
What years does this India Home Ventilation System Market cover?
The report covers the India Home Ventilation System Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Home Ventilation System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Home Ventilation System Industry Report
Statistics for the 2024 India Home Ventilation System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Home Ventilation System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
