SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 239

HIGH PRIORITY MARKET

India HVAC Market Forecast and Opportunities

2019

Key Players in India

Lennox India Technology Centre Pvt Ltd Unit No. 1, 13th. Floor, Crest Building, Ascendas International Technology Park, CSIR Rd, Taramani, Chennai- 600113, Tamil Nadu T: 044 30647000; E: info @ lennoxindia. com W: lennoxindia. com
Honeywell Unitech Trade Centre- 1st floor, Block C, Sector-43, Sushant Lok Phase-1, Gurgaon- 122 002, Haryana, India, T: 0124 6715000; W: honeywell. com
Coolon( India) Pvt. Ltd. D-14, Rajan Babu Road, Adarsh Nagar, New Delhi-110033. T: + 91-11-27671496, + 91-8750062072 E: info @ coolonac. in; W: coolonac. in
Voltas Limited Voltas House, ' A ' Block, Dr. Babasaheb Ambedkar Road, Chinchpokli, Mumbai 400 033 T: 022-66656 666; W: www. voltas. com
Hitachi India Pvt. Ltd. Mumbai Branch Office: 207, Ascot Centre, Next to Hilton Hotel, Sahar Road, Andheri( East), Mumbai 400099, Maharastra, India T: + 91-22-6735-7504; F: + 91-22-28212610 W: hitachi. co. in
Samvardhana Motherson Plot No. 1, Sector-127, Noida-Greater Noida, Expressway, Noida 201301, U. P., India T: + 91-120-6679500; F: + 91-120-6679270 W: motherson. com; E: info @ motherson. com
Daikin Airconditioning India Pvt. Ltd. 12th floor, Building No. 9, Tower A, DLF Cyber City, DLF Phase-III, Gurgaon- 122002, T: 0124-4555444; F: 0124-4555333 W: daikinindia. com
Blue Star Limited Electronics Division, Band Box House, 4th floor, 254D, Dr Annie Besant Road, Mumbai- 400030, Maharastra, India T: + 91-22-6654 4000; F: + 91-22-6654 4001 W: electronics. bluestarindia. com
Carrier Airconditioning & Refrigeration Ltd Vill. Narsinghpur, Kherki Daula Post, NH-8, Gurgaon- 122 004, Haryana T: 0124-482 5500; F: 0124-237 2230 E: customersupport. india @ carrier. utc. com W: carrierindia. com
For over a decade, India has been
building blocks for modern
witnessing continuous growth across
infrastructure, encompassing various
almost all the major industrial and
sectors like real estate, etc. All these
commercial sectors. Besides
factors are expected to spur the market
metropolitan cities, the wave of
for HVAC systems in India.
development is also directed towards
According to“ India HVAC Market
Tier 1 and tier 2 cities, which are
Forecast & Opportunities, 2019”, the
undergoing major revamps. Expansion
HVAC market in India is forecast to
of commercial space, more offices and
reach US $ 3.97 billion by 2019 on
corporate hubs coming up, and
account of changing lifestyle, increasing
introduction of organized retail outlets
per capita income, and rising
are driving the demand for HVAC
expenditure by consumers on comfort
installations across the country.
solutions. The Indian HVAC market is
Introduced for the first time in Kolkata
also expected to witness growth on
and then in Delhi, the metro rail
account of rising investments by
network is also expanding gradually in
corporate in India. Major companies
cities like Lucknow, Jaipur, Bangalore
offering HVAC systems in the Indian
and Hyderabad, thereby creating
market are Daikin, Blue Star, Voltas,
significant demand for HVAC systems.
Carrier and ETA. However, with the
In addition to shopping malls and retail
rising demand for energy efficient
complexes, airports are also emerging
products in the country the HVAC
as important centers for HVAC
market is expected to undergo
installations in the country. HVAC
significant brand shift over the coming
systems have become one of the core
years.
India HVAC Market to Reach USD3.97 Billion by 2019
Increasing HVAC adoption in IT / ITeS
HVAC Market Forecast and
coupled with growing commercial real
Opportunities, 2019”, the HVAC market
estate sector to drive HVAC market in
in India is forecast to reach USD3.97
India during 2014-19. HVAC systems
billion by 2019. Growth in retail,
are becoming one of the key building
hospitality and commercial sectors is
blocks in modern infrastructure. These
significantly boosting the demand for
systems are found in almost all
such systems in the country, as these
upcoming commercial as well as
sectors involve large-scale application
residential buildings. Rise in
of HVAC systems in organized retail
infrastructure, rapid urbanization and
outlets, shopping complexes, hotels,
growth in commercial properties are
etc. Moreover, with anticipated growth
some of the key factors fuelling the
in FDI( Foreign Direct Investment),
market for HVAC systems in India. With
several international players are
healthy growth anticipated in the real
expected to enter and start operations
estate sector, the country is expected to
in the Indian retail market. Driven by
witness strong infrastructure
strong FDI inflow from multinational
development, which would boost the
food processing companies, the retail
market for HVAC systems over the next
market in India is projected to reach
five years.
USD726.62 billion by 2019, which is
According to the recently published
expected to further fuel the country’ s
report by TechSci Research,“ India
HVAC market.
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