Over the years the HVACR industry in India has gained traction on account of the government’s enhanced focus on infrastructure development. Further, to give a boost to India’s infrastructure, the government has granted Rs 103 lakh crore infra projects besides providing about Rs 17,000 crore for transport infrastructure in the budget. This enhanced infra outlay is expected to stimulate HVAC market growth in the country.
According to the market research report published by P&S Intelligence, Indian HVAC market is expected to reach USD 5.9 billion by 2024, registering a CAGR of 7 per cent during the forecast period. The growth in the market can be attributed to increasing number of high-rise buildings, shopping complexes and malls, and hypermarkets in Tier-II cities. Apart from this, the market is expected to propel on account of ongoing smart city projects in the country. This time, we are featuring some of the key HVACR companies that are making strides with advanced technologies. They have also revealed their business strategies for the year 2020.
Moving ahead, the article titled ‘Getting More for the Buck – How HVAC system efficiency has evolved’ reviews the developments in HVAC systems that have helped improving the efficiency of the system and what lies in store for this sector.
Globally, according to World Business Council for Sustainable Development, buildings account for at least 40 per cent of energy use. The concept of green buildings came into being to address this issue. However, despite tremendous benefits, the concept has still not gained widespread popularity as there is no general awareness about these buildings. The article, ‘Is Green Building Sustainable?’ explains the sustainability quotient of green buildings where the ‘initial high cost’ has emerged as the key factor.
ACREX India, the most credible representative of the South Asian HVACR industry, is gearing up at an augmented pace for the 21st edition to be held in Greater Noida on February 27-29. Being the media partner for this international event, Cooling India will be available at stall no B-24. We look forward to see you there.
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