India HVAC Market

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India HVAC market was worth USD 8.6 billion in 2021 and is further projected to reach USD 21.5 billion by the year 2028, growing at a CAGR of 14.80% in the forecast period. The market is growing at a high rate owing to factors such as rising disposable income and purchasing power of the consumers along with increasing investment towards infrastructural development and construction of various residential and commercial facilities.