Top 10 AC Brands in India

In the heat of India, Air Conditioners (AC) have gradually made their cut as a necessity in many households. Due to enhanced purchasing power and increasingly erratic climate conditions in India, air conditioners are no longer considered a luxury but a necessity among most middle-class Indian households. Meanwhile, the availability of financing options and an improved load-shedding scenario across the country have aided this market. In this article, we take a look at the top 10 AC brands in India and the overall room AC market in India.

Room AC Market in India

Penetration of room air conditioners (RAC) is extremely low in India when compared to various developed economies and only one-fifth of the global average RAC penetration. There is tremendous potential in the Indian market, as the overall RAC penetration is relatively low at 8%. The Indian air conditioning market was valued at approximately USD 5.41 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of around 6.9% through 2030. This growth is mainly driven by rising temperatures, increasing disposable incomes, and urbanization, resulting in a higher demand for cooling solutions in households.

The Indian room air-conditioners (RAC) market is expected to grow at a strong CAGR of 12%, reaching USD 5.6 billion (INR 50,000 crore) by FY 2028-29, according to Voltas‘ latest annual report.

In the coming years, AC sales volumes in India are expected to touch record highs owing to the factors mentioned above. Now let’s take a look at the best AC brands in India and the companies behind them.

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Top 10 AC brands in India

#1 Voltas – Undisputed Leader in Room AC Market in India

Voltas is a TATA product, therefore its name speaks of credibility, reliability, and trust. The brand has expanded widely over the years to create a wide and suitable portfolio for its customers. Apart from ACs, you can find Refrigerators, Air Coolers, Washing machines, Air Purifiers, Dishwashers, Water Purifiers, Microwaves, Water Dispensers, and other accessories at the stores of Voltas. Its AC range consists of Split Air Conditioners and Window Air Conditioners. In these two categories, you will find Maha Adjustable Inverter AC, Adjustable Inverter AC, Inverter AC, Split AC, and Adjustable Inverter Window AC. In FY 2024, Voltas had a market share of 21.2% in India.

In 2023-24, Voltas achieved a milestone by selling over 2 million AC units, the highest ever sold by a single brand in a year. The company also reported selling 1 million units within just 110 days, from January to April 2024. This summer saw significant growth for many companies, with sales more than doubling in April and May due to the extreme heat, as temperatures soared to around 45 degrees, breaking records in several regions.

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#2 Daikin – Japanese Technology in India

Daikin has made great inroads in the market in recent years and currently occupies the second spot in the room AC market in India. In FY 2024, Daikin had a market share of 18-19% in India. A large part of its success comes from increasing domestic production which has extended cost-competitiveness to its product offerings.

It also helps that Daikin is the world’s leading air conditioner manufacturer and has an extensive pan-India presence. The Japanese company also claims to have the widest range of Air Conditioners in the Indian market.

Daikin has its products divided into different categories where it offers its specialized products to cater to the customers. Apart from operating in the RAC segment, the company is present in the commercial, industrial, and cold-chain solution segments.

#3 Blue Star – The Challenger

Blue Star is a leading Air Conditioner manufacturer in India that entered the residential AC segment in 2011 and currently gets around 30% of its revenue from it. In FY 2024, the company has a market share of around 14% in room air conditioners. The market capitalization of the company is INR 32,296 crore, which is estimated to be around 8 million units. In recent years, the company has introduced over 75 products across the inverter, fix speed, and window ACs and has steadily gained market share.

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#4 LG – Korean Entry Among Top AC Brands in India

South Korean consumer electronics major LG is also among the top AC brands in India. The company has been in the market for several decades and has delivered the best of home appliances and other household articles. LG offers products like TVs, TV Accessories, Refrigerators, Washing Machines, Microwave Ovens, Air Purifiers, Air Conditioners, Water Purifiers, Dishwashers, Vacuum Cleaners, and Monitors among other things.

With its services like LG Certified Installations, Payment Security, and Attractive Offers, the brand has won over millions of hearts in India and around the world. The company offers Air Conditioners in two variants – Split Air Conditioners and Window Air Conditioners. LG products have the latest technology such as AI Convertible 6-in-1 Cooling, Wireless connectivity with the LG ThinQ App, and Voice Control.

As of FY 2024, LG had a market share of 9% in India, according to market research estimates.

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#5 Godrej – Innovative and Eco-Friendly Cooling

Godrej is a well-established AC brand in India, known for its innovative and energy-efficient air conditioners. With features such as inverter technology, anti-bacterial filters, and eco-friendly refrigerants, Godrej ACs deliver effective cooling while minimizing environmental impact. Built to perform in extreme temperatures, these units offer comfort and reliability, making them a popular choice among Indian consumers looking for advanced, eco-conscious cooling solutions for their homes.

Godrej currently holds a 5% market share in the Indian air conditioner market, ranking as the fifth largest AC brand, with annual sales of around 0.7 million units. The company aims for substantial growth, targeting a 20% increase in AC sales in the upcoming season, driven by new product launches and innovations such as leak-proof technology.

#6 Samsung – Global Leader But Follower in India’s Room AC market

The next popular AC Brand in India is Samsung which ranks at the top in many categories. While the brand is well-known in the Indian market, it has failed to make it big in the category of Air Conditioners. It has a market share of slightly over 5% which is also indicative of the high competition in the market.

Samsung has a wide product portfolio, which includes Mobiles, Television and sound bars, Refrigerators, Washing Machines, Tablets and wearables, Laptops, Monitors, and other Kitchen care products. Such product diversion of Samsung makes it a wholesome brand in many categories.

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#7 Lloyd – From the House of Havells

Lloyd is an Indian brand that has seen the most volatility followed by impressive gains in market share in recent years. Although the brand was placed third in the room AC market, it was only marginally behind Daikin. The brand was acquired by Havells from Lloyd Consumer Durable Business Division in 2017. Following the acquisition, Havells has focused on in-house production of components and finished goods.

The company has a wide range of Split AC, Window AC, Portable AC, Tower AC, and Cassette AC. In addition, the company is also present in LED Television, Washing Machine, and Chest Freezer categories.

#8 Haier – Sole Entry Among Top AC Companies in India

Close on the heels of Samsung is Haier which also has a 7-8% market share in the AC segment in India and enjoys dominance in the inverter split air conditioner segment. Haier India is a subsidiary of Haier Singapore Investment Holding Pte Ltd which is a leading brand in home appliances and consumer electronics.

Established in 2003, the company has a vast distribution network across the country and focuses on producing premium and high-end products through its state-of-the-art manufacturing facilities. The company has recently opened its second manufacturing plant with an annual production capacity of 2 million air conditioners, 1 million washing machines, and 1 million LED TVs in Greater Noida, Uttar Pradesh.

#9 Carrier

Carrier is a leading brand in the Indian air conditioning market, recognized for its innovative and energy-efficient HVAC solutions. With a cutting-edge manufacturing facility in Gurgaon, Carrier has expanded its product range to include air handling units (AHUs) and fan coil units (FCUs), serving sectors like healthcare, manufacturing, and hospitality. The company’s focus on advanced technologies, including the launch of India’s first 4-in-1 inverter AC with Flexi Cool Hybridjet technology, reinforces its commitment to delivering high-quality, reliable cooling solutions tailored to the needs of Indian consumers.

Carrier’s AC lineup in India includes Split ACs, Wi-Fi-enabled ACs, and Window ACs, with capacities ranging from 1 ton to 2 tons, catering to different cooling needs.

#10 Panasonic

When we are talking about the top AC companies in India, Panasonic is an obvious name that pops up in our minds. The brand has given some of the state-of-the-art products and appliances to the Indian Households. Panasonic not only captured the home appliance vertical, but also provides solutions related to beauty care, camera & camcorders, Home Entertainment, batteries, and many other aspects.

Panasonic has designated its Air Conditioners in the categories of Split Air, Window AC, and Commercial AC. This wide range of products fascinates the customers as their very particular needs are fulfilled. Customers can easily find the best-in-design and best-in-operation Air Conditioners with Panasonic. In the room AC market in India, Panasonic had a market share of nearly 7.5 -8 % in FY 2024.

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Conclusion – Top AC brands in India

A quick look at the list of top AC brands in India reveals the highly competitive nature of the industry. A notable brand that has not made it to the list is Hitachi simply because its market share is low at 4%. The top 10 AC brands in India capture a staggering 90% of the overall market, leaving little space for new players.

Biggest AC Companies in India – FAQs