The room air conditioning segment |
revenue contribution from Delhi-NCR. |
captured majority revenue share in India |
In 2013, real estate market in Delhi- |
HVAC market in 2013, and is expected |
NCR grew by 22.5 %, leading to high |
to retain its dominance by 2019. This is |
growth in the HVAC market, in volume |
largely due to portability; ease of |
as well as value terms. Rapid |
installation and less space requirement |
infrastructure development activities |
of room air conditioning systems. |
have been witnessed in cities such as |
Centralized air conditioners, in contrast, |
Gurgaon, Noida, Greater Noida and |
are comparatively costlier and are |
Chandigarh in recent year. Further |
usually preferred for large commercial |
growth in real estate sector in these |
or office spaces, where more tons of |
cities is expected to spur the market for |
refrigeration is required for effective |
HVAC systems in Northern India”, said |
cooling. Consequently, segment share |
Mr. Karan Chechi, Research Director |
of room air conditioners in the India |
with TechSci Research, a research |
HVAC market is expected to increase |
based global management consulting |
over the next five years on account of |
firm. |
several residential projects coming up in | |
the forthcoming years. | |
“ The Northern region has been leading | |
the HVAC market in India, with high | |