Page 6 - Air Conditioners

India to see LG's highest sales growth globally this year: MD Hong Ju Jeon

LG India will boost localisation of its products by increasing the use of locally produced components from 50% to 70%

Air conditioning in India can raise emissions by 120 mn tonnes by 2050

The increasing use of air conditioners in India could lead to a rise in emissions by as much as 120 million metric tonnes by 2050, according to a study. The research, published in the journal Scientific Reports, is the first to illustrate the impacts of climate change on the demand for air conditioners and electricity for cooling in Europe and India. Between now and 2050, with the current fuel mix, there is a risk of a mismatch between what is done for adaptation and mitigation, with increased emissions as a result, the researchers said. The rush to buy new air conditioners in the residential sector and the resulting increased use of electricity associated will characterise both relatively richer but more temperate European countries, and relatively poorer but warmer Indian states, they said. The study estimates that by 2050, under an over 2-3 degrees Celsius warming forecast, air-conditioning uptake could double in Europe and grow fourfold in India, reaching about 40 per cent of .

Hitachi loses position among top-three selling air conditioner brands

From 2020-21, Johnson Controls-Hitachi Air Conditioning India has seen its profits shrink year-on-year and the firm went into losses in 2022-23

Billion new ACs will save lives from soaring temps but will cook the planet

But expanding AC coverage too quickly also threatens to worsen the crisis it's responding to. Most units use a refrigerant that's far more damaging than carbon dioxide

Market share of inverter-based ACs rises to 77% in FY23: Power ministry

The market share of inverter-based room air-conditioners (ACs) has increased significantly to 77 per cent by 2022-23, an official statement said on Wednesday. The market share of inverter-run ACs was just 1 per cent in 2015-16, the power ministry statement said. "During the eight years from 2015-16 to 2022-23, the market share of the more efficient, variable speed (inverter) RACs (room ACs) increased from 1 per cent to 77 per cent, while that of the fixed speed RAC, reduced from 99 per cent to 23 per cent during the same period," it said. The overall market for room ACs reached 6.6 million units by 2020-21 from 4.7 million units in 2015. The ministry attributed government policies as key drivers for improvement in overall energy efficiency of air-conditioners and accelerated deployment of highly energy-efficient inverter technology. As per the data from the Bureau of Energy Efficiency (BEE), under the Ministry of Power, for split ACs, the overall energy efficiency improvement is

AC sales dip 15% in April as temperature falls; expected to recover in May

Unseasonal rains in north India during April-end and May beginning have put brakes on sales of cooling products such as air conditioners, refrigerators and coolers, according to industry players. Customers have delayed the purchase of air conditioners in April and May, which are considered to be the peak season for the industry. In April, some makers reported around a 15 per cent decline in sales in comparison to the same period a year ago. However, manufacturers including Panasonic, Godrej and Daikin are hoping that sales for the industry will be back on track as normal summer resumes. "This year the weather has been usually cool for April and hence we have recorded a lower growth compared to last year. We have seen many customers delay the purchase of ACs as of now," said Panasonic Life Solutions India Business Head, Air Conditioners Group, Gaurav Sah. However, he also added: "It's a long summer ahead and we are hoping that sales will catch up." According to Consumer Electronic

Daikin India becomes bn-dollar firm, expect to double business in 3 yrs

Airconditioner maker Daikin Airconditioning India expects to become a USD 2-billion company in the next three years, having crossed the milestone of USD 1 billion in FY23, said Chairman and Managing Director Kanwaljeet Jawa. Daikin India has a turnover of Rs 8,860 crore for the financial year ended on March 31, 2023. The company is looking at India business as its "future treasure" and expects it to double to USD 2 billion (around Rs 16,350 crore) in the next three years, Jawa told PTI. Daikin India is now the second company operating in the cooling space to cross the USD 1 billion-milestone after the Tata group firm Voltas, which had reported a total income of Rs 9,667 crore for FY23. When asked about this Jawa said: "Yes, we are a billion-dollar company now. Now we have top shares in every segment which we operate -- VRV, chillers and room air conditioners." The company, a wholly-owned subsidiary of Japan's Daikin Industries, a leading global manufacturer of commercial and ...

Blue Star jumps 5% on plans of bonus shares; board meet on May 04

The company will also announce its March quarter and FY23 earnings on Thursday.

Social media ads data employed to note AC buying behaviour worldwide: Study

A new research provides a first glimpse of what drives and motivates people to buy air-conditioners worldwide, through social media advertising data. The data, the researchers from Radboud University of The Netherlands said, is important to understand where air-conditioners are sold globally to limit their impact on our energy grids and climate. They have published their research in the journal One Earth. Sibel Eker, assistant professor of system dynamics at the university, said that the data that they looked at showed that globally, middle aged, highly educated, married, or cohabiting males, as well as parents of small children, tended to express more online interest in AC units. "Regions such as the Balkans and Middle East, regions that are increasingly vulnerable to rising temperatures and heatwaves, show the highest online interest in AC. "In those countries, population groups that have been known to be reluctant to adopt to AC, such as the elderly, show a relatively high onli

With rising mercury across India, sales of white goods pick up finally

According to consumer durable retailers and manufacturers, orders for compressor-driven products are on the rise, especially in northern India

Redesigning AC in commercial buildings can limit spread of Covid: IIT Delhi

Researchers at Indian Institute of Technology (IIT), Delhi have found that redesigning air conditioning systems used in commercial buildings to increase the ventilation rate can limit spread of COVID-19 in indoor spaces as it reduces the residence time of pathogens. The development comes against the backdrop of recent rise in the COVID cases in the country. Taking into account that COVID-19 is airborne, a three-member team from IIT demonstrated a procedure for estimating the probability of infection of a healthy occupant when living in the same enclosed space as a COVID-19 infected person breathing out pathogens. The study titled "Modeling of dispersion of aerosolised air-borne pathogens exhaled in indoor spaces" has been published in the journal "Physics of Fluids". The researchers claim that this is one of the first demonstrations of estimating the likelihood of infection from a purely fluid dynamics perspective and considers the role of many occupants that affects the pathogen's

Will make India our manufacturing hub, triple our exports by 2025: Daikin

In India, Daikin will begin a new plant in August, and it will manufacture air conditioners and compressors

Unseasonal rain slows AC sales, manufacturers expect pick-up from Apr

The unseasonal rainfall has put a brake on the sales of residential air conditioners, which had started to pick up early this year from mid-February as the temperature was rising. Now, in the second half of March, sales of AC have been impacted, however, makers see it as a "temporary phenomenon" and are hopeful of reaching their targets from April onwards when heat waves would start. Overall the AC industry, which had record sales of around 8.25 million units in 2022, expects to continue its double-digit growth journey this season also led by the prediction of harsh temperature and an elongated summer season. Panasonic Life Solutions India said it has witnessed a minor drop in sales due to unseasonal rains. "However, we have a long summer ahead and we are hopeful of meeting our targets if there are not too many weather disturbances like this," Panasonic Life Solutions India Business Head - Air Conditioners Group Gaurav Sah told PTI. When asked about the impact on sales after ...

Early summer to boost white goods, premium segment to grow in double digits

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand

Shares of air-conditioner makers rally up to 7% amid heat wave alert

Analyst at Jefferies believes FY24E should see both Air-Conditioner (AC) and Engineering segments of Voltas being in a sweet spot.

Voltas posts net loss of Rs 110.49 cr in Q3 on overseas provisions

Air conditioning and engineering services provider Voltas Ltd on Thursday reported a consolidated net loss of Rs 110.49 crore for the third quarter ended December 2022 on account of provisioning made on overseas projects. The Tata group firm had posted a consolidated net profit of Rs 96.56 crore in the October-December quarter last fiscal, Voltas said in a regulatory filing. Its revenue from operations was up 11.82 per cent to Rs 2,005.61 crore during the quarter under review as against Rs 1,793.59 crore in the year-ago period. Voltas had a profit before exceptional items and tax of Rs 56.93 crore in the third quarter of FY23. Its expenses on exceptional items were at Rs 137.39 crore. "The profit was impacted due to provision of Rs 137 crore (exceptional item) made on overseas projects," Voltas said in its earning statement. Its total expenses stood at Rs 1,946.72 crore, up 17.89 per cent from Rs 1,651.27 crore a year ago. Voltas' revenue from "unitary cooling products for comfor

IIT Kanpur develops novel technology to turn ACs into air purifiers

This technology comes as a simplistic handy tool, which can be easily mounted atop regular ACs and utilised by switching on 'fan mode'

Hitachi Energy to supply transformers for NTPC renewable energy park

The NTPC REL facility in Kutch produce electricity to support 8 million people

World's biggest air-conditioner maker Daikin doubles down on India

Daikin Industries Ltd is betting that sales and production in India will eventually make up a bigger part of the company as the nation outpaces global growth

AC sales touch record 6 mn units in first half of 2022 amid scorching heat

Air conditioner demand has witnessed a sharp uptick and the industry has registered a cumulative record domestic sales of nearly 6 million units in the first half of this year.