New Delhi: The commercial air conditioning (AC) market has significant potential and is witnessing growth due to rapid urbanisation, infrastructure development and increasing emphasis on comfort in commercial spaces, said Suni Vachani, president, CEAMA, an organization of electronics and appliance manufacturers. Is going.
The president of Consume Electronics said the commercial HVAC (heating, ventilation and air conditioning) segment is witnessing a transformation with a wide range of applications with the growth of infrastructure including offices, retail spaces, health care facilities, hospitality establishments and educational institutions. Is. Equipment Manufacturers Association (CEAMA).
Additionally, factors such as increasing awareness of indoor air quality sustainability mandates and integration of IoT (Internet of Things) and building automation systems are also reshaping the commercial HVAC landscape providing opportunities for innovation and market expansion , They said.
Vachani explained, “In terms of growth potential, the commercial HVAC segment holds significant promise with opportunities for both traditional HVAC systems and emerging technologies such as variable refrigerant flow (VRF) systems and chilled beams.,
Regarding the market size of the commercial HVAC segment, Vachani said it varies across different regions and sub-segments, but is generally substantial, reflecting the scale of commercial infrastructure and the need for effective climate control solutions.
Vachani said, “Overall, the commercial air conditioning market represents a dynamic, growing segment with considerable growth potential, driven by ongoing urbanization trends and the imperative for energy-efficient, smart, customizable HVAC solutions "
According to reports, the size of the Indian HVAC industry is estimated to reach approximately US$30 billion.
Asked about the room air-conditioner segment, Vachani said he also expects "continued growth" in the segment.
However, he said the segment may face "some nuances" due to the Quality Control Order (QCO) issued by the government.On growth expectations for residential ACs for this season, Vachani said the industry is "cautiously optimistic" and expects "moderate to healthy growth".
“Factors such as surge in demand post-pandemic, technological advancements promoting energy efficiency and smart connectivity, regulatory support for sustainability and changing climate patterns are key growth drivers,” said Sai Vachani, Executive Chairman, Dixon Technologies.
According to industry leaders, the Indian residential air-conditioner market is estimated at around 10 million units and is expected to reach 11.5 million units this financial year.
Vachani said premium energy-efficient models are gaining momentum, however, the entry-level unit can still retain a significant market share, especially in emerging markets where affordability is an important consideration for consumers.
“However, momentum toward energy efficiency is clear, driven by regulatory initiatives promoting sustainable practices and consumer awareness regarding long-term cost savings.As a result, we expect a gradual but clear shift toward energy-efficient inverter AC units," he said.
The president of Consume Electronics said the commercial HVAC (heating, ventilation and air conditioning) segment is witnessing a transformation with a wide range of applications with the growth of infrastructure including offices, retail spaces, health care facilities, hospitality establishments and educational institutions. Is. Equipment Manufacturers Association (CEAMA).
Additionally, factors such as increasing awareness of indoor air quality sustainability mandates and integration of IoT (Internet of Things) and building automation systems are also reshaping the commercial HVAC landscape providing opportunities for innovation and market expansion , They said.
Vachani explained, “In terms of growth potential, the commercial HVAC segment holds significant promise with opportunities for both traditional HVAC systems and emerging technologies such as variable refrigerant flow (VRF) systems and chilled beams.,
Regarding the market size of the commercial HVAC segment, Vachani said it varies across different regions and sub-segments, but is generally substantial, reflecting the scale of commercial infrastructure and the need for effective climate control solutions.
Vachani said, “Overall, the commercial air conditioning market represents a dynamic, growing segment with considerable growth potential, driven by ongoing urbanization trends and the imperative for energy-efficient, smart, customizable HVAC solutions "
According to reports, the size of the Indian HVAC industry is estimated to reach approximately US$30 billion.
Asked about the room air-conditioner segment, Vachani said he also expects "continued growth" in the segment.
However, he said the segment may face "some nuances" due to the Quality Control Order (QCO) issued by the government.On growth expectations for residential ACs for this season, Vachani said the industry is "cautiously optimistic" and expects "moderate to healthy growth".
“Factors such as surge in demand post-pandemic, technological advancements promoting energy efficiency and smart connectivity, regulatory support for sustainability and changing climate patterns are key growth drivers,” said Sai Vachani, Executive Chairman, Dixon Technologies.
According to industry leaders, the Indian residential air-conditioner market is estimated at around 10 million units and is expected to reach 11.5 million units this financial year.
Vachani said premium energy-efficient models are gaining momentum, however, the entry-level unit can still retain a significant market share, especially in emerging markets where affordability is an important consideration for consumers.
“However, momentum toward energy efficiency is clear, driven by regulatory initiatives promoting sustainable practices and consumer awareness regarding long-term cost savings.As a result, we expect a gradual but clear shift toward energy-efficient inverter AC units," he said.
