Top 10 HVAC Companies in India

Find and contact India's top HVAC companies using Kompass, the largest B2B directory in India.

Table of Content

1. Overview of the HVAC Industry in India
2. Top 10 HVAC Companies in India
2.1. Blue Star Limited
2.2. Voltas Limited
2.3. Carrier Airconditioning & Refrigeration Limited
2.4. Daikin India Private Limited
2.5. Panasonic India Private Limited
2.6. Mitsubishi Electric India Private Limited
2.7. Havells India Limited
2.8. LG Electronics India Private Limited
2.9. Kirloskar Brothers Limited
2.10. Thermax Limited


Overview of the HVAC Industry in India

India’s booming HVAC industry, valued at $11.8 billion in 2024, is projected to reach $29.4 billion by 2030 at a scorching 16.3% CAGR. Fueled by urbanization, rising disposable incomes, and government sustainability initiatives, the market attracts both established players and new entrants seeking a piece of the lucrative pie.

Top 10 HVAC Companies in India

Website preview of Blue Star Limited leading HVAC company in India.

Blue Star Limited

Founded in 1943, Blue Star Limited is a leading Indian multinational company specializing in the HVAC&R (Heating, Ventilation, Air Conditioning & Commercial Refrigeration) industry. They offer a wide range of air conditioning solutions, including VRF systems and chillers, catering to both businesses and large-scale industries. Blue Star’s expertise extends to MEP (Mechanical, Electrical, Plumbing & Firefighting) services, making them a one-stop shop for all climate control needs. This comprehensive approach has solidified their position as a top contender in the Indian HVAC&R market.

Website preview of Voltas Limited leading HVAC company in India.

Voltas Limited

Voltas, a leading Indian multinational established in 1954, is the undisputed market leader in room air conditioners (AC) in India. They offer a comprehensive HVAC portfolio, including room ACs, air coolers, and commercial refrigeration solutions, catering to both residential and commercial clients. Their dominant position likely stems from their extensive product range, trusted brand legacy as part of the Tata Group, and commitment to quality engineered solutions.

Website preview of Carrier Airconditioning & Refrigeration Limited leading HVAC company in India.

Carrier Airconditioning & Refrigeration Limited

A subsidiary of Carrier, a global leader in HVAC, Carrier Air Conditioning & Refrigeration Limited (established in 1992) is a leading provider of heating, ventilation, and air conditioning (HVAC) solutions in India. They offer a wide range (e.g., over 20) of commercial and light commercial HVAC systems, including air handlers, chillers, fan coils, and VRFs, catering to various industries like IT, healthcare, and hospitality. Their reputation for quality, innovation (e.g., sustainable solutions), makes them a top choice in India’s HVAC market.

Website preview of Daikin India Private Limited leading HVAC company in India.

Daikin India Private Limited

Daikin India Private Limited, a subsidiary of the global leader Daikin Industries (Japan) established in 2000, is a top contender in India’s HVAC market. They offer a wide range of residential, commercial, and industrial air conditioning solutions, including split ACs, VRFs, chillers, and air purifiers. Their focus on innovation and quality makes them the preferred choice for homes, businesses, and industries seeking reliable and energy-efficient climate control.

Panasonic India Private Limited

Panasonic India, a subsidiary of Panasonic Corporation (founded in 1918), is a leading provider of consumer electronics and business-to-business (B2B) solutions in India. They offer a wide range of products, including air conditioners (HVAC) for residential and commercial spaces. Panasonic is known for its energy-efficient split AC units featuring inverter technology. This commitment to innovation and customer needs positions Panasonic India as a strong competitor in the Indian HVAC market.

Website preview of Mitsubishi Electric India Private Limited leading HVAC company in India.

Mitsubishi Electric India Private Limited

Mitsubishi Electric, a Japanese multinational founded in 1921, is a leading player in India’s HVAC market. They offer a wide range of products and services beyond air conditioners, including factory automation systems, semiconductors, and railway solutions. However, their focus in India is on providing reliable and efficient HVAC solutions for businesses and industries. Their reputation for innovation and global presence strengthens their position as a leader in this sector.

Website preview of Havells India Limited leading HVAC company in India.

Havells India Limited

Havells India Limited, a leading Fast Moving Electrical Goods (FMEG) manufacturer since 1958, offers a wide range of electrical products, including fans. While fans contribute to air circulation, they are not typically categorized under HVAC (Heating, Ventilation, and Air Conditioning) systems. Havells caters primarily to residential and commercial spaces with a focus on quality and reliability. Their strong brand reputation and expansive distribution network solidify their position as a leader in the FMEG industry in India.

Website preview of LG leading HVAC company in India.

LG Electronics India Private Limited

Established in 1997, LG Electronics India Private Limited (a subsidiary of LG Electronics, South Korea) is a major player in consumer electronics and home appliances, offering a robust line of air conditioners for both homes and businesses. Their commitment to innovation, energy efficiency, and customer satisfaction makes them a top choice for reliable climate control solutions in India, ranking them among the top 10 HVAC companies in the country.

Website preview of Kirloskar Brothers Limited leading HVAC company in India.

Kirloskar Brothers Limited

Founded in 1888, Kirloskar Brothers Limited (KBL) is a prominent Indian manufacturer of pumps, valves, and fluid management systems. KBL offers HVAC solutions including centrifugal pumps for chilled and condenser water circulation in commercial buildings, airports, and metro systems throughout India. Their focus on robust and reliable fluid movement contributes to their position as a leading supplier in the Indian HVAC market.

Website preview of Thermax Limited leading HVAC company in India.

Thermax Limited

Thermax, an Indian multinational founded in 1966, is a leader in cleantech solutions. They offer a wide range of HVAC systems (heating, ventilation, and air conditioning) and cater to various industries with their integrated solutions. A top choice for companies seeking energy-efficient and eco-friendly climate control, Thermax’s expertise extends beyond HVAC to encompass clean air, water, and energy solutions. This comprehensive approach solidifies their position as a one-stop shop for sustainability.


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