Why India’s AC Companies Are Betting Big on Data Centres | Markets by Zerodha Hindi

India’s data centre sector is growing rapidly, with players like Google, AWS, Reliance and Adani aggressively expanding capacity. As data centres consume massive amounts of electricity, cooling systems are becoming a huge business opportunity.
In this video, we deep-dive into India’s AC industry and analyse whether Indian AC companies can capitalise on the fast-growing data centre cooling market.
PART 1: Understanding India’s AC Industry
We break down:
• RAC vs commercial AC markets
• Major growth drivers behind rising AC demand
• OEMs, component suppliers & AC brands
• Seasonality, import dependency & margin pressures
PART 2: The Data Centre Cooling Opportunity
We explain:
• Air-based cooling vs liquid cooling
• Why AI-driven data centres need advanced cooling systems
• How Indian AC companies are entering this market
• Competition from global players and specialty chemical companies
Can Indian AC companies build a strong position in data centre cooling, or will global giants dominate the opportunity?

Chapters:
0:00 – Introduction: India's data center boom & AC sector opportunity
1:42 – AC demand growth: RAC market & 4 demand drivers
2:09 – Driver 1: Rising heat & cooling degree days
2:55 – Driver 2 & 3: Urbanization, nuclear families & rising income
4:19 – AC supply chain: Component suppliers, OEMs & brands
6:20 – AC component costs: Heat exchanger, PCB, compressor, copper
9:34 – BEE regulations & energy efficiency standards
11:19 – Backward integration: Voltas cuts import dependency
12:20 – PLI scheme for white goods: 85 companies selected
14:06 – Part 2: Data center boom in India
16:12 – Air-based cooling: How it works & equipment
19:03 – Competition in liquid cooling: Vertiv, Schneider, Stulz, Eaton
20:05 – Conclusion & closing thoughts

Reference Video:
•⁠ ⁠Why are India's real estate companies getting into data centers? - https://youtu.be/RmclkPpNiAw
•⁠ ⁠Everything you need to know about India’s Chemical Sector
- https://youtu.be/qsIw0zInUjg

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