Planning to buy a new air conditioner? LG and Panasonic are here to help you out. Both brands are known to offer a range of ACs that suit every need. They are prominent big players with years of experience in serving this segment. Their ACs are best known for super energy efficiency, advanced features, and an economical price. Apart from ACs, both companies offer various electronic appliances, including TVs, fridges, ovens, washing machines, and more.
The rising demand for ACs is driven by urbanization, rising temperatures, and increased disposable income. People consider ACs as an integral part of their modern homes, without which their homes look incomplete. Also, easy availability and multiple payment options have made purchase easy. People can now buy ACs on EMIs, with big discounts and offers. Both LG and Panasonic offer attractive EMI payment options and discounts on purchase. Since both the ACs are good, answering LG AC vs Panasonic AC, which is better, is tough. But reading the article will help you choose the one according to your personal preference.
Air Conditioner Market in India
The Air Conditioner market is experiencing robust growth driven by urbanization, changing climate conditions, and more. The Indian economy is growing along with the spending potential of citizens. People are shifting towards modernization, they are more capable of earning money from multiple sources. And this has boosted their spending capacity, people earn more and spend to raise their living standards. The growth of people is associated with the growth of the consumer sector. Since air conditioners are the product of this segment, it has also seen massive growth over the years. As per a projection, the segment may reach the potential growth of USD 19.61 billion by 2033 with a CAGR of 15.60%, which is a decent growth rate any industry can experience in 8-10 years.
Reasons Behind the Rising Demand for ACs in India
The rising demand for any product is associated with multiple factors, including the demand for the product, consumer income, and changes in preferences. The other factors that influence the growth of products include the price of related goods, population growth, advertising, and technological advancements. Air conditioners are experiencing a steep hike in demand due to urbanization and modernization, as people consider opting for ACs to raise their living standard and get relief from summer heat, especially in hot regions.
Apart from these factors, the demand for ACs is rising with the easy availability and multiple payment options. Earlier, people had to spend a huge amount of money to buy an AC, also they had to pay high electricity bills as ACs in olden days were not energy efficient. But now, the multiple payment options have made ACs available to everybody who wants one without getting worried about electricity bills, as ACs in modern times are very energy efficient.
Key Differences Between LG AC and Panasonic AC
LG vs Panasonic AC: Features
LG and Panasonic are both prominent AC brands. They always make changes and add-ons as per the requirement. LG focuses on AI-driven cooling, dual inverter technology for energy efficiency, and smart connectivity. Whereas Panasonic offers smart home integration, True AI, and 7 in 1 convertible function. Both the ACs offer advanced features. LG focuses on advancement in technology to make ACs superior energy efficient, while Panasonic focuses more on smart home integration in terms of remote control and connectivity. You can choose anyone according to your preference.
LG vs Panasonic AC: Energy Efficiency
Like all electronic appliances, companies are focusing on manufacturing energy-efficient air conditioners to reduce electricity bills. Both companies are making energy-efficient ACs, but LG ACs are considered more energy-efficient compared to Panasonic. For instance, LG ACs are 8-10% more energy efficient than Panasonic, as they use active energy control, which is especially designed to be more energy efficient.
LG vs Panasonic AC: Price
Rising demand for ACs has brought the AC price down as the competition is very high. Numerous companies are available offering advanced ACs at an affordable price. Panasonic ACs are comparatively more economical than LG, as the price of Panasonic AC starts from 33,990, which may vary as per the design, model, and technology. Whereas the price of LG ACs starts from 34,990, which is slightly higher than Panasonic.
LG vs Panasonic AC: Service Network
People always look for a good service network for the product they plan to buy. As it plays an integral role in product servicing, getting the original component, and solving any product-related queries. Both companies offer widespread service networks, especially in major cities. But LG provides a more robust and readily available service presence while Panasonic offers a high-quality product, which translates into fewer service needs in the long run.
LG vs Panasonic AC: Compressor warranty
A compressor is one of the most important components of ACs, which is responsible for cooling. LG is known for the highest compressor warranty. It offers a 10-year warranty on the compressor, which covers the compressor part only, and the labor will be chargeable after the initial 1 year of warranty. Whereas Panasonic provides a 1-year comprehensive warranty with an additional 5 or 9 years on the compressor.
LG vs Panasonic AC: Special Features
In this competitive industry, every company launches its products with advanced and user-friendly features. Apart from key features, both LG and Panasonic offer some specific features. For instance, LG's specific feature includes HD filters, cooling speed, and WIFI connectivity, while Panasonic’s specific feature includes affordability, eco mode, and turbo mode. Both companies aim to deliver the best and highest-quality product to their customers as per their requirements.
Conclusion
Air Conditioners are a must-have electronic appliance for every home, especially in hot regions. It has lots of benefits, including rising living standards, enhanced productivity, and good air quality. Apart from these key benefits, people may experience health benefits, including respiratory issues and allergies, as they improve the indoor air quality by filtering out pollutants and dust. Both LG and Panasonic are serving with the best, high-quality, and energy-efficient products according to consumer choice. Answering the Voltas vs Panasonic, which is better, is tough. But we have tried our best to answer it, highlighting key differences between the two AC brands. Hope this will help you pick the best one for you.
