Daikin Air-conditioning India private limited, a 100 per cent subsidiary of $13.5 billion Daikin Industries Ltd of Japan, is aiming to raise its market share in the residential air-conditioning market in the country to nine per cent within this year from a current five per cent. The company, a leader in the commercial air-conditioning space, plans to sell 300,000 room air-conditioners (ACs) this year.
While the heating, ventilation, and air-conditioning (HVAC) system market in India is growing at a compounded annual growth rate of 15 per cent, the room AC segment is clocking a 30 per cent growth rate.
"We have a product offering that starts from 0.8 tonnes to 2700 tonnes. We can offer solutions for cooling a kid's room to air-conditioning an airport, and the only company in the country now to offer such a wide range. With the latest launch of 20 new products across residential, light commercial and commercial segments we are aiming the number one slot in the air-conditioning market in India over a few year's time.", said Kanwal Jeet Jawa, managing director, Daikin India. Daikin currently enjoys a 10 per cent market share in the commercial ACs.
