We are going to step into the new year 2025 soon. Thus, on the eve of that, I take this opportunity to wish all our readers, advertisers, and other associates a very happy and prosperous new year.
In today’s global situation, the Heating, Ventilation, and Air Conditioning (HVAC) systems are becoming a necessity at all spheres of life. Whether it is at home or in office or inside the industrial premises, of late maintaining the right Indoor Air Quality (IAQ) with comfortable condition of temperature has stood as a big challenge. Thus, the demand for proper air filtration, distribution, thermal conditioning etc., is rapidly growing.
At the same time, energy efficiency and use of environment-friendly refrigerants have come up as the two major factors that are changing the entire landscape of the HVAC industry.
The gamut of the HVAC industry is ever expanding, in the sense, with the changing (global) climatic scenario and advent of new technologies, in the last few years – the end-users’ focus (or demand) is shifting from just the essential components of the HVAC systems to the more efficient output along with aesthetics, functionality, automation, control system, and other added capabilities.
Especially, in the post corona era, the focus is getting more concentrated around the capability of supplying germ- and dirt-free air in enclosed spaces. This area itself is an ever-expanding field of technology starting from improving filter efficiency to killing air-borne pathogens.
Thus, as the scope of service of our industry is growing, its market is also expected to expand further. So, what is expected now? Let me quote the answer that has been recently sought out by a premier global market research firm – Introspective Market Research. According to their finding, the HVAC Equipment Market is expected to reach US$ 387.22 Billion by 2032, growing at CAGR of 7.2%. Innovative features like efficiency, sustainable design and compact environmental impact aligned with the increasing global demand for eco-friendly HVAC solutions will continue to drive the market. However, the potential winners will have to align with the evolving regulatory standards and customer preferences.
Pravita Iyer
Publisher & Director
