Top 20 Best HVAC & Refrigeration Equipment Manufacturing Companies In India 2023:

India is home to a rapidly expanding market for HVAC (Heating, Ventilation, and Air Conditioning) and refrigeration equipment, driven by increasing urbanization, rising disposable incomes, and growing awareness of energy efficiency. 

The top 20 best HVAC & refrigeration equipment manufacturing companies in India in 2023 represent a diverse mix of both multinational and domestic companies, catering to the needs of consumers across the country.

Leading the pack are multinational giants such as Daikin, Carrier, LG, and Samsung, who bring years of experience and technological prowess to the market.

These companies have established a strong presence in India, with a wide network of dealers and service centers, and offer a range of products across categories such as air conditioners, refrigerators, and air purifiers.

They have also been investing heavily in research and development to introduce new technologies that offer better energy efficiency, convenience, and user experience.

Domestic companies such as Voltas, Blue Star, and Godrej are also making a mark in the HVAC and refrigeration equipment market, leveraging their deep understanding of local consumer preferences and needs.

They have been investing in design and innovation to offer products that are tailored to the Indian market, and have established strong relationships with local dealers and contractors. These companies have also been expanding their reach into new geographies, including rural areas, where demand for cooling and refrigeration equipment is on the rise.

In addition to these established players, there are also emerging companies such as Gree, Midea, and Haier, who are rapidly gaining market share with their affordable and feature-rich products. These companies have been focusing on developing products that offer a balance between price and performance, and have been leveraging e-commerce channels to reach consumers directly.

Overall, the HVAC and refrigeration equipment market in India is set for continued growth in the coming years, driven by factors such as increasing urbanization, rising incomes, and growing awareness of energy efficiency. 

With a diverse range of players offering products that cater to different consumer segments, there is a wealth of options for consumers looking for cooling and refrigeration solutions for their homes and businesses.

As the market evolves, manufacturers will need to continue to innovate and invest in R&D to stay ahead of the competition and meet the changing needs of consumers.

1. Voltas Limited

Voltas Limited is a leading HVAC (Heating, Ventilation and Air Conditioning) and refrigeration equipment manufacturing company in India. The company is a subsidiary of the Tata Group and was founded in 1954. Voltas has a long history of producing high-quality HVAC and refrigeration products for commercial and residential use, and has become a trusted brand in India.

Voltas has a diverse range of HVAC and refrigeration products to cater to various industries such as food and beverage, pharmaceuticals, hospitality, healthcare, and more.

The company’s product range includes air conditioners, refrigerators, freezers, water coolers, and packaged air conditioning systems. Voltas also offers solutions for HVAC systems design, installation, and maintenance services.

One of the key factors that sets Voltas apart from other HVAC and refrigeration manufacturers in India is its commitment to research and development. The company has a state-of-the-art R&D center that focuses on creating innovative products and solutions that meet the evolving needs of its customers.

Voltas also has a strong focus on sustainability, and has implemented various energy-efficient technologies to reduce the environmental impact of its products and operations.

Another aspect that makes Voltas a top player in the Indian HVAC and refrigeration market is its extensive distribution network. The company has a wide network of dealers and distributors spread across the country, which enables it to reach customers in even the most remote locations.

Additionally, Voltas has a strong online presence, which makes it easy for customers to access product information and purchase its products.

Voltas has received several awards and recognitions for its contributions to the Indian HVAC and refrigeration industry. In 2021, the company was recognized as the “Best Air Conditioning and Refrigeration Company” at the ET Now Business Leader of the Year Awards. The company has also received awards for its energy-efficient products and its commitment to sustainability.

2. Blue Star Limited:

Blue Star Limited is one of India’s leading air conditioning and commercial refrigeration companies with a reputation for reliability and innovation. The company was established in 1943 and has since become a trusted brand in the HVAC and refrigeration industry.

With a focus on customer satisfaction and energy efficiency, Blue Star has developed a range of high-quality products that cater to a diverse range of needs.

Blue Star offers a wide range of air conditioning products for residential, commercial, and industrial applications. Their products include split and window air conditioners, ducted systems, VRF systems, and precision air conditioning systems for data centers. They also offer a range of commercial refrigeration products such as water coolers, deep freezers, and bottle coolers.

The company has a strong focus on innovation and has invested heavily in research and development. This has led to the development of advanced products that offer greater energy efficiency and cost savings. Blue Star has also received several awards for its innovative products and services.

Blue Star has a strong presence in India, with a network of over 5,000 channel partners and 700 service associates. They also have a significant international presence, with operations in the Middle East, Africa, and South-East Asia. The company has a strong commitment to sustainability and has implemented several initiatives to reduce its environmental impact.

3. Daikin Airconditioning India Pvt. Ltd.:

Daikin Airconditioning India Pvt. Ltd. is a subsidiary of Daikin Industries Ltd., one of the world’s leading air conditioning companies. The company was established in India in 2000 and has since become a trusted brand in the HVAC industry. Daikin India is committed to providing innovative and energy-efficient air conditioning solutions that cater to a diverse range of needs.

Daikin India offers a wide range of air conditioning products for residential, commercial, and industrial applications. Their products include split and window air conditioners, ducted systems, VRV systems, and chillers. They also offer a range of air purification products that are designed to improve indoor air quality.

The company has a strong focus on innovation and has invested heavily in research and development. This has led to the development of advanced products that offer greater energy efficiency and cost savings. Daikin India has also received several awards for its innovative products and services.

Daikin India has a strong presence in India, with a network of over 600 sales outlets and 450 service centers. The company also has a significant international presence, with operations in over 150 countries.

Daikin India is committed to sustainability and has implemented several initiatives to reduce its environmental impact, such as the use of eco-friendly refrigerants and the implementation of green buildings.

4. LG Electronics India Pvt. Ltd.:

LG is a leading global manufacturer of HVAC and refrigeration equipment, and its India arm is a top player in the Indian market. The company offers a wide range of products, including split and window air conditioners, refrigerators, and washing machines.

LG’s HVAC systems are known for their energy efficiency, low noise levels, and advanced features. The company has a strong distribution network and after-sales service, which has helped it establish a loyal customer base in India.

5. Carrier Airconditioning & Refrigeration Ltd.:

Carrier is a global leader in the HVAC and refrigeration industry and has a strong presence in India. The company offers a wide range of products, including chillers, air conditioners, and refrigeration systems, and has a reputation for quality, reliability, and innovation.

Carrier’s products are known for their energy efficiency and environmentally friendly features, which have helped the company win several awards and certifications. The company has a vast distribution network and after-sales service, which has helped it establish a strong market presence in India.

6. Mitsubishi Electric India Pvt. Ltd.:

Mitsubishi Electric is a Japanese multinational company and a leading manufacturer of HVAC and refrigeration equipment. Its India arm is known for its high-quality products and innovative solutions.

The company offers a wide range of products, including air conditioners, refrigerators, and chillers, and has a reputation for energy efficiency and low noise levels. Mitsubishi Electric has a strong presence in India, with a vast distribution network and after-sales service, which has helped it establish a loyal customer base.

7. Samsung India Electronics Pvt. Ltd.:

Samsung is a South Korean multinational company that is known for its high-quality products and innovative solutions. Its India arm is a leading player in the Indian HVAC and refrigeration industry, offering a wide range of products, including air conditioners, refrigerators, and washing machines.

Samsung’s products are known for their energy efficiency, advanced features, and low noise levels. The company has a strong distribution network and after-sales service, which has helped it establish a loyal customer base in India.

8. Whirlpool of India Ltd.: 

Whirlpool of India Ltd. is a subsidiary of Whirlpool Corporation, an American multinational manufacturer and marketer of home appliances. Whirlpool of India has a significant presence in the Indian market, offering a wide range of air conditioners and refrigeration products.

The company’s products are known for their innovative technology, durability, and energy efficiency. Whirlpool of India has a strong distribution network in the country, with its products available in over 4,000 retail outlets.

9. Danfoss Industries Pvt. Ltd.:

Danfoss Industries Pvt. Ltd. is a subsidiary of Danfoss A/S, a Danish multinational corporation that provides energy-efficient solutions for heating, cooling, and refrigeration. 

Danfoss Industries offers a wide range of products, including air conditioning and refrigeration compressors, heat exchangers, and control systems. The company’s products are known for their high efficiency and energy savings, making them popular among consumers and businesses alike.

10. Emerson Climate Technologies (India) Pvt. Ltd.: 

Emerson Climate Technologies (India) Pvt. Ltd. is a subsidiary of Emerson Electric Co., a multinational corporation that provides technology solutions for various industries, including heating, ventilation, air conditioning, and refrigeration.

Emerson Climate Technologies offers a wide range of products, including air conditioners, refrigeration equipment, and controls. The company’s products are known for their advanced technology and energy efficiency, making them ideal for use in homes, offices, and commercial spaces.

11. Fujitsu General (India) Co. Ltd.: 

Fujitsu General (India) Co. Ltd. is a subsidiary of Fujitsu General Limited, a Japanese multinational corporation that manufactures air conditioning and refrigeration equipment. Fujitsu General offers a wide range of products, including air conditioners, heat pumps, and refrigerators.

The company’s products are known for their innovative technology, durability, and energy efficiency. Fujitsu General has a strong presence in the Indian market, with its products available in over 5,000 retail outlets.

12. Haier Appliances India Pvt. Ltd.

Haier Appliances India Pvt. Ltd. is a leading home appliances and consumer electronics company in India. It is a subsidiary of the Chinese multinational electronics company Haier Group. Haier India offers a range of HVAC and refrigeration equipment, including air conditioners, water heaters, refrigerators, and deep freezers.

The company is known for its innovative products, user-friendly features, and excellent customer service. Haier has a strong network of dealers and service centers across the country, making it a popular choice for Indian customers.

13. HMX Systems Pvt. Ltd.

HMX Systems Pvt. Ltd. is a technology-driven company that specializes in the design, development, and manufacture of HVAC and refrigeration equipment for commercial and industrial applications. The company offers a wide range of products, including chillers, air handling units, fan coil units, and refrigeration systems.

HMX Systems has a reputation for delivering high-quality products that are energy-efficient and environmentally friendly. The company has a strong presence in India and has supplied HVAC and refrigeration equipment to some of the biggest companies in the country.

14. Ingersoll Rand India Ltd.

Ingersoll Rand India Ltd. is a leading industrial manufacturing company that produces a range of products, including HVAC and refrigeration equipment. The company offers a variety of products, including air compressors, chillers, and refrigeration systems.

Ingersoll Rand is known for its innovative products, advanced technology, and excellent customer service. The company has a strong presence in India and has been providing HVAC and refrigeration solutions to a wide range of customers, including industrial, commercial, and residential customers.

15. Lloyd Electric & Engineering Ltd.

Lloyd Electric & Engineering Ltd. is a leading HVAC and refrigeration equipment manufacturing company in India. The company offers a range of products, including air conditioners, refrigerators, and water coolers. Lloyd is known for its high-quality products, innovative features, and competitive pricing.

The company has a strong distribution network and has a presence in more than 25 countries. Lloyd’s products are designed to be energy-efficient, eco-friendly, and easy to maintain, making them a popular choice for customers in India and around the world.

16. Panasonic India Pvt. Ltd.

Panasonic India Pvt. Ltd. is a subsidiary of the Japanese electronics giant, Panasonic Corporation. The company operates in India through various business divisions, including air conditioning and refrigeration solutions.

It offers a wide range of air conditioners and refrigerators designed for the Indian market. Panasonic India’s air conditioning solutions are known for their energy efficiency, durability, and smart features. The company’s refrigerators are also designed to cater to the Indian market’s diverse needs, including energy efficiency and storage capacity.

17. Rheem India Pvt. Ltd.

Rheem India Pvt. Ltd. is a subsidiary of Rheem Manufacturing Company, a leading global manufacturer of heating, cooling, and water heating products. The company’s air conditioning and refrigeration solutions are designed for both residential and commercial applications.

Rheem India’s air conditioning solutions include split and packaged air conditioning systems that offer high energy efficiency and advanced features such as intelligent controls and air purification technologies. The company’s refrigeration solutions include commercial refrigeration equipment such as display cases, walk-in coolers, and freezers.

18. Trane Technologies India Pvt. Ltd.

Trane Technologies India Pvt. Ltd. is a subsidiary of Trane Technologies, a global leader in HVAC systems and services. The company’s air conditioning solutions are designed for both residential and commercial applications.

Trane India offers a wide range of air conditioning systems, including split and packaged systems, ductless mini-splits, and chillers. The company’s refrigeration solutions include commercial refrigeration equipment such as display cases, walk-in coolers, and freezers.

19. Usha Shriram Enterprises Pvt. Ltd.

Usha Shriram Enterprises Pvt. Ltd. is a leading manufacturer of air conditioning and refrigeration equipment in India. The company’s air conditioning solutions are designed for both residential and commercial applications.

Usha Shriram offers a wide range of air conditioning systems, including split and packaged systems, cassette air conditioners, and tower air conditioners. The company’s refrigeration solutions include commercial refrigeration equipment such as display cases, walk-in coolers, and freezers.

20. Hitachi Air Conditioning India Ltd. 

Hitachi Air Conditioning India Ltd is a leading manufacturer of air conditioning and refrigeration equipment in India. The company was established in 1984 and is a subsidiary of Hitachi Ltd, a Japanese multinational conglomerate company. The company has a diverse range of products and solutions for both residential and commercial customers. Hitachi’s air conditioning systems are known for their energy efficiency, reliability, and durability.

The company offers a wide range of air conditioning products that include split air conditioners, window air conditioners, inverter air conditioners, cassette air conditioners, ductable air conditioners, and VRV systems.

They also provide customized solutions for commercial and industrial customers. Hitachi has a strong focus on innovation and invests heavily in research and development. They have a dedicated R&D center in India that focuses on creating energy-efficient and eco-friendly products.

Hitachi Air Conditioning India Ltd has a pan-India presence and has a wide network of service centers and dealers. They have a strong focus on customer service and have won several awards for their excellent after-sales support.

The company offers a comprehensive warranty and maintenance program to ensure that customers get the best value for their money. They also have a 24×7 customer support team to address any queries or concerns that customers may have.

In addition to air conditioning systems, Hitachi Air Conditioning India Ltd also manufactures refrigeration equipment for commercial and industrial customers. Their range of products includes chillers, freezers, and refrigerators. They offer customized solutions for various industries, including pharmaceuticals, food processing, and logistics.