Business trends

India becomes No. 2 air conditioner market, surpassing Japan

Daikin and other players look to expand output in the South Asian country

20250619N Daikin

Daikin's residential air conditioners on display at a store in India. (Photo by Nikkei)

NARUSHI NAKAI
June 20, 2025 02:08 JST

OSAKA -- India became the world's second-largest market for air conditioners in 2024, pulling ahead of Japan for the first time.

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