Top 10 HVAC Companies in India

31 May 2024

Table of Contents

1. Overview: HVAC Industry in India
2. Top 10 HVAC Companies in India
2.1. Daikin Airconditioning India Private Limited
2.2. Voltas Limited
2.3. LG Electronics India Private Limited
2.4. Havells India Limited (Lloyd)
2.5. Blue Star Limited
2.6. Carrier Midea India Private Limited
2.7. Johnson Controls–Hitachi Air Conditioning India Limited
2.8. Godrej & Boyce Manufacturing Company Limited(Appliances BU)
2.9. Kirloskar Chillers Private Limited
2.10. Systemair India Private Limited

Overview: HVAC Industry in India

India’s HVAC market, valued at about USD 10.0 billion in 2025, has expanded rapidly with rising urbanization and extreme temperature events driving demand in residential, commercial, and industrial cooling and ventilation systems. The sector’s growth is bolstered by energy-efficiency standards and smart HVAC adoption, while Andhra Pradesh’s Sri City now produces nearly half of India’s AC output, underscoring domestic manufacturing strength.

Top 10 HVAC Companies in India

Daikin Airconditioning India Private Limited

Daikin Airconditioning India Private Limited, originating from Japan and established in 2000, specializes in advanced Heating, Ventilation, and Air Conditioning HVAC solutions, including air conditioners, Variable Refrigerant Volume (VRV) systems, chillers, and air purification products. The company serves residential, commercial, and industrial sectors across India and is considered a top player due to strong Research and Development (R&D), energy-efficient technologies, and robust local manufacturing capabilities.

Voltas Limited

Voltas Limited, an Indian company established in 1954, is a leading provider of Heating, Ventilation, and Air Conditioning HVAC solutions, including room air conditioners, commercial cooling systems, and integrated HVAC projects. Serving residential, commercial, and industrial sectors, the company is regarded as a top HVAC player due to its strong Tata Group backing, extensive distribution network, and long-standing expertise in climate control technologies.

LG Electronics India Private Limited

LG Electronics India Private Limited, originating from South Korea and established in 1997, offers a broad portfolio of Heating, Ventilation, and Air Conditioning HVAC solutions, including residential and commercial air conditioners, Variable Refrigerant Flow (VRF) systems, and chillers. Serving residential, commercial, and industrial sectors, the company is considered a top HVAC player for its advanced inverter technology, strong brand presence, and extensive service network across India.

Havells India Limited (Lloyd)

Havells India Limited (Lloyd), an Indian brand established in 1958 and now part of Havells India Limited, specializes in Heating, Ventilation, and Air Conditioning HVAC solutions, primarily residential and commercial air conditioners. The company serves residential, commercial, and light industrial sectors across India. Lloyd is considered a top HVAC player for its focus on energy-efficient products, strong manufacturing capabilities, and wide national distribution network.

Blue Star Limited

Blue Star Limited, an Indian company established in 1943, is a leading provider of Heating, Ventilation, and Air Conditioning HVAC solutions, including room air conditioners, central air conditioning systems, chillers, refrigeration products, and integrated HVAC projects. The company serves residential, commercial, and industrial sectors and is regarded as a top HVAC player due to its strong engineering expertise, project execution capabilities, and long-standing market leadership in India.

Carrier Midea India Private Limited

Carrier Midea India Private Limited, an India-based company established in 2018, specializes in Heating, Ventilation, and Air Conditioning HVAC solutions, including residential air conditioners, Variable Refrigerant Flow systems, chillers, and air handling units. The company serves residential, commercial, and industrial sectors and is considered a top HVAC player due to its combined global expertise, advanced technology portfolio, and strong focus on energy-efficient climate solutions.

Johnson Controls–Hitachi Air Conditioning India Limited

Johnson Controls–Hitachi Air Conditioning India Limited, an India-based joint venture established in 2015, provides advanced Heating, Ventilation, and Air Conditioning HVAC solutions, including residential air conditioners, Variable Refrigerant Flow systems, chillers, and air distribution products. The company serves residential, commercial, and industrial sectors and is considered a top HVAC player due to its global technology expertise, strong engineering capabilities, and focus on energy-efficient climate solutions.

Godrej & Boyce Manufacturing Company Limited(Appliances BU)

Godrej & Boyce Manufacturing Company Limited, an Indian company established in 1897, offers Heating, Ventilation, and Air Conditioning HVAC solutions through its Appliances Business Unit, including air conditioners and air coolers. The company primarily serves residential and commercial sectors across India and is considered a top HVAC player due to its trusted brand legacy, focus on energy-efficient products, and strong nationwide manufacturing and distribution presence.

Kirloskar Chillers Private Limited

Kirloskar Chillers Private Limited, an Indian company established in 1981, specializes in Heating, Ventilation, and Air Conditioning HVAC solutions, including water-cooled and air-cooled chillers, heat pumps, and integrated cooling systems. Serving commercial buildings, industrial facilities, healthcare, and infrastructure sectors, the company is considered a top HVAC player for its strong engineering expertise, energy-efficient designs, and proven execution of large-scale cooling projects across India.

Systemair India Private Limited

Systemair India Private Limited, originating from Sweden and founded in 1974, provides advanced Heating, Ventilation, and Air Conditioning HVAC solutions, primarily ventilation fans, air handling units, and indoor air quality systems. The company serves commercial buildings, industrial facilities, healthcare, and infrastructure sectors and is considered a top HVAC player for its strong focus on energy efficiency, global engineering expertise, and compliance with international ventilation standards.

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