India Home Ventilation System Market Size (2024 - 2029)

The India Home Ventilation System Market is experiencing growth driven by increased demand for high air quality due to the COVID-19 pandemic and rising pollution levels. The northern region of India holds a significant share of the HVAC industry, influenced by its diverse climatic conditions and the purchasing power of its residents. A notable trend in the market is the shift towards energy-efficient equipment, spurred by environmental concerns and government initiatives like the Energy Conservation Building Code. These factors collectively contribute to the expanding market size of home ventilation systems in India.

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Market Size of India Home Ventilation System Industry

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

Home Ventilation System Market Key players

*Disclaimer: Major Players sorted in no particular order

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 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
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India Home Ventilation System Market Size Summary

The India home ventilation system market is experiencing significant growth, driven by the increasing demand for improved indoor air quality and comfort, particularly in the wake of the COVID-19 pandemic. The need for high air quality has been amplified by rising pollution levels and the virus's ability to spread through the air. The northern region of India, with its diverse climatic conditions, holds a substantial share of the HVAC industry, as both cooling and heating equipment installations are on the rise. The purchasing power in this region further supports the acquisition of various HVAC systems. A notable trend in the market is the shift towards energy-efficient equipment, spurred by growing environmental concerns and government initiatives like the Energy Conservation Building Code, which aims to reduce electricity consumption in residential units.

The residential construction sector in India is witnessing robust growth, fueled by urbanization, improved real estate regulations, and government-backed housing projects. The demand for home ventilation systems, along with heat pumps and air conditioning units, is rising, especially in newly constructed homes. Decentralized ventilation systems are gaining traction for their ability to enhance comfort and reduce energy consumption in both residential and commercial spaces. The market is characterized by the presence of major international players, with technological advancements and product innovations enabling mid-size and smaller companies to expand their market presence. Companies like Voltas and Hitachi are actively launching new products and expanding their operations to capture the growing demand in the residential and commercial air conditioning markets.

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India Home Ventilation System Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights of Technology Innovations in the Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Exhaust Ventilation System

      2. 2.1.2 Supply Ventilation System

      3. 2.1.3 Balanced Ventilation System

      4. 2.1.4 Energy Recovering System

    2. 2.2 By Application

      1. 2.2.1 New Decoration

      2. 2.2.2 Renovation

India Home Ventilation System Market Size FAQs

The India Home Ventilation System Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

Daikin, Haier , Bluestar , Voltas and Samsung are the major companies operating in the India Home Ventilation System Market.

India Home Ventilation System Report Snapshots

India Home Ventilation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)