Top 10 HVAC Companies in India 2025

As India's economy keeps chugging along, businesses are booming, and with that growth comes the need for serious cooling power. It's not just about keeping employees happy (though that's important too!). We're talking about protecting expensive equipment, creating comfortable spaces for customers, and even keeping the lights on in those massive data centers. So, which HVAC companies are leading the charge in keeping India's businesses cool and collected? Let's take a look:

This is a list of the 10 HVAC companies in India

1. Voltas

This OG of Indian air conditioning is like that trusted family friend who's always got your back. Reliable, affordable, and a staple in homes and businesses alike, Voltas is the go-to for cooling solutions that won't break the bank. Their systems are particularly popular in hotels and hospitals, where keeping guests and patients comfortable is a top priority. With a 12% market share and ₹12,734 crores in revenue last year, they're clearly a force to be reckoned with.

Voltas' success is not just by chance; it's a result of their unwavering commitment to quality, affordability, and a deep understanding of the Indian consumer. Their extensive distribution network ensures that their products are readily available across the country, reaching even remote areas. Moreover, Voltas has consistently invested in innovation and energy-efficient technology, catering to the growing demand for sustainable cooling solutions. Their unwavering focus on customer satisfaction and after-sales service has earned them the trust of millions of Indians, solidifying their position as a leader in theHVAC industry. To learn more about voltas, visit the website.

2.Blue Star

: If you're looking for a company that knows the Indian market like the back of their hand, Blue Star is your answer. They've been around for ages, building a reputation for quality and customization that's second to none. Whether you need a small unit for your shop or a massive system for a factory, Blue Star has you covered. And with a 15% market share and ₹9,685 crores in revenue, they're clearly a top contender in the cooling game.

Blue Star's dominance in the Indian HVAC market can be attributed to several factors. Their extensive experience in the industry, coupled with their deep understanding of local market needs, has allowed them to develop a wide range of products and services that cater to diverse sectors. Their commitment to quality and customer service has earned them a loyal following among businesses across India. They also boast a robust service network, ensuring prompt and efficient support for their clients. This combination of factors, along with their market capitalization of ₹15,000 crores, has propelled them to the top of the Indian HVAC industry. To learn more about Blue Star, visit the website.

3. Daikin

Think of Daikin as the Tony Stark of the HVAC world – always innovating and pushing the boundaries of technology. Their smart, energy-efficient systems are like something out of a sci-fi movie, and they're quickly becoming a must-have for businesses looking to save on energy costs and reduce their carbon footprint. With a 10% market share and ₹10,200 crores in revenue from India alone, they're proving that going green can also be profitable.

Daikin's rise to prominence in India can be attributed to its relentless pursuit of technological advancement and energy efficiency, aligning with the growing global concern for sustainability. Their state-of-the-art manufacturing facility in Neemrana, Rajasthan, ensures the highest quality standards while catering to the Indian market's unique demands. Daikin's commitment to innovation has led to the development of cutting-edge features like inverter compressors, which intelligently adjust cooling capacity for optimal energy savings, and smart controls, allowing for remote monitoring and automation. This focus on technology, coupled with a strong brand reputation and extensive distribution network, has enabled Daikin to capture a significant share of the Indian market. To learn more about Daikin, visit the website.

4. Carrier

This global heavyweight is a true legend in the HVAC industry. They're the ones you call when you need to cool down an airport or a massive data center. Their systems are built to last, and their expertise in complex cooling projects is unmatched. While their India-specific revenue is a mystery like the revenue is 500 crore and, their parent company's massive $142 billion market cap shows just how serious they are about keeping the world cool.

Carrier's strong position in the Indian market can be attributed to several factors. Their global expertise and reputation for quality have made them a trusted partner for businesses seeking reliable and high performance HVAC systems. Their comprehensive product portfolio, including specialized solutions for data centers and pharmaceuticals, caters to a wide range of industries, further solidifying their presence in the market. Carrier's commitment to innovation and sustainability is also a key driver of their success, as they continue to develop cutting-edge technologies that address the evolving needs of Indian businesses. To learn more about Carrier, visit the website.

5. Johnson Controls-Hitachi Air Conditioning India

This company is the ecoconscious champion of the HVAC world. They specialize in energy-efficient and sustainable solutions that are perfect for businesses looking to go green. With a 7% market share, ₹1,928.83 crores in revenue, they're proving that sustainability and profitability can go hand in hand.

Johnson Controls-Hitachi's success is fueled by a growing global awareness of environmental concerns and the increasing demand for energy-efficient solutions. Their VRF (Variable Refrigerant Flow) systems are a testament to this commitment, providing precise temperature control and energy savings for commercial buildings. The company's strategic focus on innovation and sustainable technologies has resonated with businesses looking to reduce their carbon footprint and operational costs, solidifying their position in the Indian HVAC market. Although specific figures for India are not publicly available, the parent company, Hitachi, Ltd., has a market cap of around ¥5.8 trillion as of July 2024. To learn more about Johnson Controls-Hitachi Air Conditioning India, visit the website.

6. Mitsubishi Electric

This Japanese brand is like the reliable workhorse of the HVAC world. Their systems are known for their durability and advanced features, making them a popular choice for businesses that need a cooling solution they can count on. With a 6% market share and ₹500 crores in revenue, they're a solid player in the Indian market.

Mitsubishi Electric's strong foothold in the Indian market is a result of their unwavering commitment to quality, reliability, and technological innovation. Their focus on energy-efficient and environmentally friendly solutions aligns with the growing sustainability concerns of Indian businesses. The company's diverse product portfolio, ranging from air conditioners and ventilation systems to factory automation equipment, caters to the needs of various industries, making them a versatile and trusted partner for Indian businesses. With a global market cap of approximately ¥9.5 trillion, Mitsubishi Electric is a major player in the global HVAC market, and their continued investment in research and development ensures that they remain at the forefront of technological advancements. To learn more about Mitsubishi electric, visit the website.

7. Trane

Trane is the master of complex cooling challenges. If you've got a unique project that needs a custom-designed HVAC solution, Trane is your go-to. Their expertise in industrial and infrastructure projects makes them a valuable partner for businesses with complex cooling needs. They earned ₹700 crores in revenue last year, proving their expertise is in high demand.

Trane's leadership in complex cooling solutions stems from their unwavering commitment to innovation, engineering excellence, and customer-centricity. Their deep understanding of industrial and infrastructure challenges, coupled with expertise in large-scale projects and cutting-edge technology, has cemented their position as a trusted partner. With a market cap of $77.95 billion as of July 2024, Trane aims to continue leading the industry in providing innovative, sustainable, and high-performance HVAC solutions that meet evolving business needs and contribute to a more comfortable and energy-efficient future. To learn more about Trane, visit the website.

8. Emerson Climate Technologies

This company is like the unsung hero of the HVAC world. They might not be as flashy as some of the other brands, but their expertise in refrigeration components is crucial for businesses in the food and pharma industries. They keep the cold chain running smoothly, ensuring that everything from vaccines to ice cream stays at the right temperature. With a 4% market share and ₹500 crores in revenue, they're quietly making a big impact.

Emerson Climate Technologies (Pune, Maharashtra), a subsidiary of Emerson Electric Co. (market cap $67.66 Billion as of July 2024), has established itself as a crucial player in the Indian B2B HVAC market by focusing on refrigeration technology. While they might not be a household name, their expertise in compressors and refrigeration components has made them indispensable to businesses in the cold chain and food processing industries. With a 4% market share and ₹500 crores in revenue in FY24, Emerson's commitment to providing reliable and efficient solutions for temperature-sensitive products has made them a trusted partner in the Indian market. To learn more about Emerson Climate Technologies , visit the website.

9. ETA Ascon Star

This homegrown hero is all about making cooling accessible to everyone. Their affordable air handling and ventilation solutions are perfect for smaller businesses that need reliable cooling without breaking the bank. They might be a smaller player with a 12% market share, but their ₹200 crore revenue shows they're meeting a real need in the market.

ETA Ascon Star's success lies in their focus on affordability and reliability. They understand the budget constraints of smaller businesses and have positioned themselves as a provider of cost-effective solutions that don't compromise on quality. Their commitment to meeting the needs of this underserved market segment has propelled their growth and earned them a loyal customer base. Although their market cap information isn't publicly available, their focus on providing value-driven solutions suggests a promising future in the Indian HVAC landscape. To learn more about ETA Ascon Star, visit the website.

10. Zamil Air Conditioners India

Another budget-friendly option, Zamil offers a range of packaged air conditioners and chillers that are perfect for a variety of commercial applications. With a 3% market share and ₹170 crores in revenue, they're proving that affordable cooling doesn't have to mean sacrificing quality.

Zamil Air Conditioners India's competitive edge lies in their ability to provide reliable and cost-effective cooling solutions, making them a popular choice for businesses seeking value for money. Their focus on packaged air conditioners and chillers, which are easy to install and maintain, has allowed them to tap into a growing market segment that prioritizes affordability and convenience. While they may be a smaller player in the overall market, Zamil's steady growth and expanding product portfolio demonstrate their commitment to meeting the diverse needs of Indian businesses. Their goal is to become a leading provider of sustainable and energy-efficient HVAC solutions in the region, leveraging their parent company's global expertise and experience to achieve this vision. To learn more about Zamil Air Conditioners India, visit the website.