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February 23, 2020 2 Comments Categories News

HVAC market to touch Rs 20,000 crore mark by FY16

HVAC market is expected to grow by 30% to over Rs 20,000 crore over the next two years, mainly due to increase in construction activity in infra & real estate sectors.

The Indian heating, ventilation and air conditioning (HVAC) market is expected to grow by 30 per cent to over Rs 20,000 crore over the next two years, mainly due to increase in construction activity in infrastructure and real estate sectors.

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With Indian customers becoming highly price-sensitive and looking for more affordable energy-efficient systems due to the rising energy costs and environmental awareness, the HVAC market is becoming more competitive.

2 Comments

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