Annual air conditioner production volumes by efficiency rating in India, fiscal years 2019-2023
Appliance efficiency has led to major gains, with further requirements for products and issues labels from 1-star to 5-stars, based on a which labelling is mandatory and 24 for which it is voluntary. The labelling revising the energy efficiency standards corresponding to the labels. In 2023, the programme led to total energy savings of 7 Mtoe, and consumer savings of about USD 6 billion, thanks to reduced electricity bills. Air conditioners are the main driver of India's rising electricity demand, with annual sales of this appliance reaching nearly 15 million. Some 130-150 million air- conditioners are expected to be added between 2025 and 2030. Market trends