Market Assessment for Super-Efficient Air-Conditioner
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1 Error! No text of specified style in document. | Error! No text of specified style in document. Market Assessment for Super-Efficient Air Conditioners EESL © EESL India 2021 Published by EESL India Any reproduction of this publication in full or part must mention the title and credit the above-mentioned publisher as the copyright owner. Acknowledgments EESL India and PwC India are grateful to all experts and specialists for providing insights during the preparation of this report. We would like to thank the Voltas Haier, O.G Heavy Duty, Godrej, MPCL Industries Ltd., Carrier, Trane, Daikin, BSES Yamuna Power Limited (BYPL), Tecumseh, UL, Intertek for their valuable inputs for the report. Project Team EESL India S P Garnaik, Girja Shankar, Dr. Anant Shukla, Manoj Kumar M, Moumita Chandra, Brijesh Kumar Gautam, Nitesh Kumar Gupta PwC India Rajeev Ralhan, Bhaskar Jyoti Nath, Gurraj Bhinder, Sorabh Singhal, Kanishk Suri Disclaimer: The report has been jointly prepared by EESL India and PwC India with inputs based on conversations, publicly available information and information gathered from different organisations. EESL India and PwC India disclaim any liability for the use that may be made of the information contained in this report. While the key organisations experts listed in the Acknowledgements and Appendix have provided significant inputs for the development of this report, their participation does not necessarily imply endorsement of the report’s contents or conclusions. 2 Market Assessment for Super-Efficient Air Conditioners EESL 3 Market Assessment for Super-Efficient Air Conditioners EESL 4 Market Assessment for Super-Efficient Air Conditioners EESL 5 Market Assessment for Super-Efficient Air Conditioners EESL Table of Contents 1. Executive Summary……………………………………………………………………………………. 11 2. Room Air Conditioners – Overview of technology, performance and efficiency trends ................................................13 1.1. Air-conditioning principles ...................................................................................................................................... 13 1.1.1. Thermal Comfort ............................................................................................................................................... 13 1.1.2. Principle-Vapour compression ........................................................................................................................ 13 1.2. Overview of Indian RAC market ............................................................................................................................... 14 1.2.1. RAC - Basis type and definition....................................................................................................................... 14 1.2.2. Major players and market size ......................................................................................................................... 16 1.2.3. RAC import / export trend ................................................................................................................................ 17 1.2.4. Market share – Basis type and technology ..................................................................................................... 18 1.2.5. Market share – Basis efficiency ....................................................................................................................... 19 1.2.6. Market share – Basis refrigerant ..................................................................................................................... 19 1.2.7. Market Share- Basis tonnage ........................................................................................................................... 20 1.2.8. Energy performance considerations ............................................................................................................... 20 1.2.9. Test standards for RAC in India ...................................................................................................................... 22 2. Key RAC market trends ...................................................................................................................................................................27 2.1. RAC market in India .................................................................................................................................................. 27 2.1.1. RAC sales projections ...................................................................................................................................... 27 2.1.2. Refrigerant use in RAC..................................................................................................................................... 27 2.2. RAC efficiency trends............................................................................................................................................... 28 2.2.1. Factors effecting RAC efficiency ..................................................................................................................... 30 2.3. IoT based applications in RAC’s ............................................................................................................................. 31 3. Overview of global SEAC market ...................................................................................................................................................32 3.1. Global RAC landscape ............................................................................................................................................. 32 3.1.1. Technology trends ............................................................................................................................................ 33 3.1.2. Refrigerant trends ............................................................................................................................................. 33 3.1.3. Efficiency trends ............................................................................................................................................... 35 3.2. Applicable international standards ......................................................................................................................... 36 3.2.1. Efficiency thresholds and most efficient RAC examples in China, South Korea, Japan and Europe ........ 37 4. Review of National and International policies and programs ......................................................................................................41 4.1. National policies/ programs for promoting energy efficient in RAC ..................................................................... 41 4.1.1. India Cooling Action Plan (ICAP) ..................................................................................................................... 41 4.1.2. BEE’s Standard and Labelling program.......................................................................................................... 41 4.1.3. Energy Conservation Building Code (ECBC) ................................................................................................. 41 4.1.4. EESL Super-Efficient Air-conditioner Programme ......................................................................................... 42 6 Market Assessment for Super-Efficient Air Conditioners EESL 4.1.5. AC Replacement Scheme by DISCOMS under the DSM program ................................................................. 43 4.2. International policies/ programs for promoting energy efficient in RAC ............................................................. 44 4.2.1. HCFC Phase out management plan under Montreal Protocol....................................................................... 44 5. Supply Chain of RAC .......................................................................................................................................................................47 5.1.1. Compressor manufacturing, Import and Export ............................................................................................ 48 5.1.2. RAC manufacturing works in India ................................................................................................................. 50 5.2. Growth drivers .......................................................................................................................................................... 51 6. Assessment of Refrigerants used in RACs ......................................................................................................................................53 6.1. Brief overview and history on refrigerants used in RACs ..................................................................................... 53 6.2. Current status of refrigerants used in the Indian RAC market .............................................................................. 55 6.3. Expected usage and refrigerant transition in the next decade ............................................................................. 55 6.4. Environmental impacts of the RACs ....................................................................................................................... 56 6.5. Cost comparison analysis of high GWP vs. low GWP ........................................................................................... 57 6.6. Incentives/ subsidies required to migrate to low GWP refrigerants ..................................................................... 58 7. Cost components of an RAC ............................................................................................................................................................59