Lewes, DE -- (SBWire) -- 11/04/2015 --Report forecast the HVAC market in India to grow at a CAGR of 10.61% over the period 2014-2019.
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.
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.
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.
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.
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.
Key market driver
- Growth in infrastructure
- For a full, detailed list, view our report
Key market challenge
- Insufficient power supply
- For a full, detailed list, view our report
Key market trend
- Development of smart cities
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 55 pages "Heating, Ventilation and Air Conditioning (HVAC) Systems in India 2015-2019" report covers Executive Summary, Scope of the Report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end user, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/heating-ventilation-and-air-conditioning-hvac-systems-india-2015-2019
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