A recent study by the University of California, Berkeley, suggests that India can tackle its recurring power shortages by focusing on energy-efficient air conditioners (ACs). The study recommends that India raise its energy efficiency standards for ACs to the current five-star level within two years and continue to enhance these criteria every three years to meet global benchmarks by 2033.
According to IndexBox, India’s rapid urbanization and rising temperatures have led to a ten-fold increase in home cooling demand between 2006 and 2023, resulting in frequent power shortages, especially during the summer months. The study projects that without policy intervention, room ACs could contribute up to 180 gigawatts to peak demand by 2035, accounting for nearly 30% of the total demand.
On the other hand, an energy report by IndexBox provides an in-depth analysis of the market for window, wall, or split air conditioning systems in India. The report covers market trends, opportunities, production, and trade (exports and imports) in India for the period 2012-2024 and provides a forecast until 2030. The report also profiles major producers and provides information on market dynamics, drivers, restraints, and key market players.
The report’s key findings include:
* Market size: The Indian air conditioning market has grown at a CAGR of 10% from 2012 to 2024.
* Trade balance: India’s trade balance in the air conditioning market has been in surplus, with an average annual value of $500 million.
* Per capita consumption: Per capita consumption of air conditioners in India has increased from 0.2 units in 2012 to 0.5 units in 2024.
* Import/export prices: The report provides information on import and export prices by country of origin and destination.
Overall, the content highlights the importance of energy-efficient air conditioners in addressing India’s power shortages and the growth potential of the Indian air conditioning market.