From $8,526.7 million in 2019, the Indian heating, ventilation, and air conditioning (HVAC) market size is expected to grow to $31,598.6 million by 2030, at a CAGR of 16.0% during the forecast period (2020–2030). The key factors propelling the industry are the increase in the disposable income of people and growth in the commercial, industrial, and residential infrastructure investments in the country.

From $8,526.7 million in 2019, the Indian heating, ventilation, and air conditioning (HVAC) market size is expected to grow to $31,598.6 million by 2030, at a CAGR of 16.0% during the forecast period (2020–2030). The key factors propelling the industry are the increase in the disposable income of people and growth in the commercial, industrial, and residential infrastructure investments in the country.