Heating, Ventilation and Air Conditioning (HVAC) Systems in India 2015-2019
About HVAC systems
HVAC systems help in maintaining air quality in residential and commercial establishments by adequately ventilating and filtering it, and ensuring thermal balance. Significant policies on refrigerant use, stringent and eco-friendly norms, safety pre-requisites, advances in technology, and efficient use of products and services have influenced the market players to improve their business strategies and product offerings. These factors in turn play a significant role in creating a pertinent demand for efficient HVAC system.
Technavio's analysts forecast the HVAC market in India to grow at a CAGR of 10.61% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the HVAC market in India for 2015-2019. The market can be segmented into three divisions: split AC, window AC, and others.
Technavio's report, HVAC Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the HVAC market in India and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – HVAC Systems in India 2015-2019
Technavio recognizes the following companies as the key players in the HVAC Systems in India: Blue Star, Carrier Corporation, Daikin Industries, ETA and Voltas
Other Prominent Vendors in the market are: Danfoss, Hitachi Home and Life Solutions, Johnson Controls York, Kirloskar, LG, Lloyd, Onida, Panasonic, Samsung, Thermax, Toshiba, Trane, and Zeco.
Commenting on the report, an analyst from Technavio’s team said: “Smart buildings use communications and automation technologies to integrate subsystems such as HVAC, lighting, smart meters, fire protection, surveillance, access control systems, water, UPS, and elevators. These systems share information to optimize the performance of the buildings. Smart buildings are typically designed to synchronize with smart grids to optimize energy requirements.”
According to the report, rising urbanization and economic growth have led to the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities in India. The expansion of commercial space, addition of new office and floor spaces, corporate hubs and special economic zones (SEZs), and the proliferation of organized retail outlets are all driving the demand for HVAC installations across the country.
Further, the report states that a demand-supply imbalance in power is a major constraint that restricts the deployment of HVAC systems for both residential and commercial use. Consumers are wary about purchasing older HVAC systems, which tend to be more power-intensive.
Blue Star, Carrier Corporation, Daikin Industries, ETA, Voltas, Danfoss, Hitachi Home and Life Solutions, Johnson Controls York, Kirloskar, LG, Lloyd, Onida, Panasonic, Samsung, Thermax, Toshiba, Trane, Zeco.