In 2025, the Indian air conditioner (AC) market is predicted to generate $7 billion in income, with a projected annual progress fee of 17.58 % CAGR from 2025 to 2030.
Additional, by 2030, the market quantity of Air Conditioners is forecasted to succeed in 28 million models, with an anticipated 17.1 % progress in quantity in 2026. The surge in demand for air conditioners in India is pushed by the increasing center class and fast urbanization.
Listed here are a number of shares in focus for this summer time amid India’s rising Air Conditioners market:
1. Amber Enterprises Restricted
With a market cap of Rs. 19,032.6 crores, the inventory surged practically 0.3 % to Rs. 5,960 on Friday. In Q3 FY25, the corporate’s income from operations grew by round 64.8 % to Rs. 2,133.3 crores, whereas the web revenue grew from a lack of Rs. 0.5 crores in Q3 FY24 to a revenue of Rs. 36 crores in Q3 FY25.
Amber instructions a considerable market share within the room air conditioners (RAC) business, representing 27.3 % (in worth phrases) of the manufacturing footprint within the RAC sector.
Amber Enterprises Restricted is principally engaged within the enterprise of producing and buying and selling client durables, electronics manufacturing companies and railway subsystem & mobility and its companies.
2. Blue Star Restricted
With a market cap of Rs. 39,392.7 crores, the inventory surged practically 1.2 % to Rs. 1,950 on Friday. In Q3 FY25, the corporate’s income from operations grew by round 25.3 % to Rs. 2,807 crores, whereas the web revenue grew by practically 32 % YoY to Rs. 132 crores.
By December 2025, the corporate’s room AC enterprise noticed important progress, attaining a quarterly market share of 14 %.
Blue Star Restricted is India’s main air-con, industrial refrigeration, and MEP (Mechanical, Electrical, Plumbing, and Hearth-fighting) contracting firm. It affords a variety of cooling options and has additionally made inroads into water and air purification, engineering services administration, industrial kitchens, and healthcare refrigeration.
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3. Voltas Restricted
With a market cap of Rs. 43,580.8 crores, the inventory surged practically 2 % to Rs. 1,334.65 on Friday. In Q3 FY25, the corporate’s income from operations grew by round 18 % to Rs. 3,105 crores, whereas the web revenue grew from a lack of Rs. 28 crores in Q3 FY24 to a revenue of Rs. 131 crores in Q3 FY25.
Voltas continues to stay the market chief in each Break up and Window Air Conditioners, recording an exit market share of 20.5 %. as of December 2024.
As of the tip of September 2024, Voltas held an 11.1 % market share within the air cooler class, securing its place because the No. 2 model. Moreover, by November 2024, its year-to-date market share reached 8.3 % in washing machines and 5.1 % in fridges.
Voltas Restricted, a part of the Tata Group, is engaged within the enterprise of AC, refrigeration, electromechanical initiatives and engineering product companies for mining, building equipments and the textile business.
4. KRN Warmth Exchanger and Refrigeration Restricted
With a market cap of Rs. 5,419.4 crores, the inventory surged practically 2 % to Rs. 932.35 on Friday. In Q3 FY25, the corporate’s income from operations grew by round 68.2 % to Rs. 111 crores, whereas the web revenue grew by practically 75 % YoY to Rs. 14 crores.
KRN Warmth Exchanger and Refrigeration (KHERL) is likely one of the main producers & exporters of aluminium/copper fins and copper tubes warmth exchangers, water coils, condensers and evaporator coils, that are broadly utilized by OEMs in heating, air flow, air-con, and refrigeration (HVAC&R) business.
Written by Shivani Singh
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