Cost efficiencies, growing climate awareness and rising purchasing power is triggering a discernable consumption shift in India, with energy-efficient inverter air conditioners gaining traction among consumers and manufacturers ramping up output, India’s largest AC companies told The Indian Express. The increasing demand has given an impetus to domestic manufacturing, thereby lowering import dependency and sharply bringing down costs.
According to latest data from the Bureau of Energy Efficiency (BEE), Ministry of Power, inverter ACs accounted for less than 1 per cent of the overall room AC (RAC) market of 4.7 million units in the financial year 2015-16 (FY16). As of FY23, the share has increased to 77 per cent, while the fixed-speed RACs went down to 23 per cent.
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