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. |