Consumer electronics major Samsung is eyeing the top spot in the room air-conditioner (AC) segment by 2022. In an interaction with Moneycontrol, Rajeev Bhutani, senior vice president, HVAC Division-Consumer Electronics Business, Samsung India said that this will be done by doubling the AC business each year over the next two years.
“We have created a new organisation in August under the company. This is the HVAC (heating, ventilation, air-conditioning) that includes room air-conditioner and system air-conditioner under the consumer electronics umbrella,” Bhutani said.
While he did not share numbers, industry sources said that Samsung holds a 5 percent market share in the room air-conditioner segment. Voltas is the number one player in the segment with a market share of around 24.4 percent.