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 . |
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 . |