3.5 INDIA

Chiller manufacturers are generally wary of sharing data about their shipments, making it difficult to gauge the scale of the Indian chiller market accurately. However, industry sources estimate the market scale in 2017– 2018 to be around 4,940 chillers (1,496,000 tons), recording growth of about 6.3% over the previous period. In terms of value, the market scale was Indian rupee (INR) 19,500 billion (US$ 270 million).