As you may already know that an HVAC is a more capable and better version of the simple AC, right? Like, an HVAC can not just cool the space by cooling the air, but it has a heating element too, which can heat up the space by heating the air. Plain and simple! When you buy an AC, you can easily look up the list of the best brands and make your final purchase decision from there, but what about the case of HVAC? Well, there aren’t many lists on the internet that do that, so we have decided to change that for the Indian consumers. Here, we’re about to list down the Top 10 Leading HVAC Companies in India 2025, so let’s just get to it right away.
1. Voltas Limited
See, when we talk about air conditioning in general, no doubt, we can’t just skip past the name of Voltas, which is pretty much known to introduce ACs in India, which quite literally was a long time ago. It has been a long time since 1954, when the company was established, and since then, it has not only been the originator but also the most influential company of both the HVAC-industrial and residential & commercial segments. As for some recent estimates, well, Voltas has been able to keep its firm hold in the Indian market with a massive revenue of ₹12,734 crores and about 12% market share.
2. Blue Star Limited
Coming in the second place and catching fire is Blue Star, you know, a super popular brand that has been cooling India since 1943. Sure, you might be thinking why we didn’t include any other brand within the same niche, but the thing is, it is one of the best brands out there, known for its reliability, and that factor is alone enough for the 2nd spot. As of right now, this is the brand with the second-largest market share in India, which is about 15%, and the company has been able to pull in $1.3 billion (₹9,685 crores) in total revenues over the last year.
3. Daikin India
We must admit that very few foreign brands could manage to solve the HVAC riddle of India as Daikin did. However, it has been doing that since 2000. The company from Japan has become a strong player in the Indian market, which yields a revenue of ₹10,200 crores and a rising 10% market share. Though, the thing that pretty much distinguishes Daikin from others is the precise focus on VRV/VRF systems that are perfect for contemporary commercial buildings and smart homes. That is working out super well for them.
4. Carrier India
While Carrier might not be the one you see most of the time when it comes to home air conditioners, no doubt, it is a totally different story in the case of heavy-duty industrial HVAC. Like, just talking about a little bit of the history part, see, after 1986, when Carrier made its first step on the Indian market, it has turned out to be the one most referred to by the names of the projects like airports, malls, data centers, and those requiring infrastructure-intensive cooling. Maybe the brand Carrier is not that big, considering it only has an estimated Indian revenue of ₹500 crores, but the reputation of the brand is way above the figures.
5. Johnson Controls-Hitachi
And surely, in the lineup, the collaboration of Johnson Controls-Hitachi is a hybrid wonder that we can find at number five. How and why? Well, a stellar combination of Japanese design and worldwide system control know-how. The joint venture, which is a result of local operations in Ahmedabad, made a gross revenue of ₹1,928 crores last year and is the Indian HVAC market share holder with approximately 7% at present. And just in case you’re wondering, well, they are known for Intelligent and low-energy VRF systems that function without a hitch in office buildings, medical centers, and green areas.
6. LG Electronics India
LG? In the HVAC market? Oh yes, besides being a top brand for washing machines and TVs, LG is quite a powerful player in the HVAC market and is rapidly expanding its business there, too. In fact, LG has been heavily promoting environmentally friendly, inverter-driven AC units, a trend that’s taken off really well, particularly in metro areas, city homes, and small offices, ever since it made its debut in India back in 1997.
7. Mitsubishi Electric India
You must have heard their super catchy phrase that just says ‘silent performer, powerful impact,’ and that is pretty much what Mitsubishi offers right here in India. How are we so certain? Well, with a revenue of India close to ₹500 crores, Mitsubishi is not pursuing mass volume. Nah, but it is rather about premium reliability. Their VRF solutions, powered by Mitsubishi, are simply scalable to any large-area demands, thus they are widely used in such places as airports and commercial high-rises.
8. Trane Technologies India
Many of you might not know this fact, but in actuality, it is the Trane brand that has contributed the most to the overall HVAC market of India than any other brand in recent times. How? Well, that’s proven by the financial numbers as well, like with a turnover of more than 700 crores, this brand is the one that data centers, smart manufacturing plants, and LEED-certified buildings rely on the most.
9. Zamil Air Conditioners India
We get it, Zamil might not be a glamorous brand, but in markets where consumers are very price-conscious, it is a super safe brand to bet on. Going with some stats, see, Zamil, with an Indian revenue of approximately ₹170 crores and a market share of about 3%, is focusing on commercial spaces that are looking for cost-effective solutions without compromising on the product’s trustworthiness whatsoever.
10. Astberg Ventilation Pvt. Ltd.
And then, at last, see, Astberg is a very unique entrant that completes our list in a different way, not only a brand of HVAC but also a leader of indoor air quality. You know like, coming from Ludhiana, Astberg is delivering European ventilation technology to India. Rather than typical ACs, this brand mainly deals with HRV/ERV systems, inline fans, and clean air solutions.
Conclusion
That’s about it. See, if it is top-of-the-line HVAC you need right here in India, then going with any other brand or company other than these names we listed here can result in compromising on a lot of things, like the price range, the performance, and whatnot. So, stick with these, and you’ll be good for the most part.
