HVAC Market in India to Surpass $ 7.7 Billion by 2022

Extreme climatic conditions, growing construction activities in commercial and residential sectors and various government initiatives aimed at improving energy efficiency to aid India HVAC market through 2022

According to recently released TechSci Research report, “India HVAC Market By Product Type, By End Use Sector Competition Forecast & Opportunities, 2012 – 2022”, India HVAC market is projected to surpass $ 7.7 billion by 2022, on account of rising need for energy efficient HVAC systems, increasing construction activities, surging infrastructure-based developments and growing replacement demand for HVAC systems. Moreover, rising industrialisation, improving standard of living and surging purchasing power of people are some of the other major reasons expected to boost demand for HVAC systems in India during the forecast period.

Browse 5 market data Tables and 30 Figures spread through 91 Pages and an in-depth TOC on "India HVAC Market"

https://www.techsciresearch.com/report/india-hvac-market-by-product-type-direct-expansion-systems-and-central-air-conditioning-systems-by-end-use-sector-residential-commercial-real-estate-institutional-etc-competition-forecast-opportunities/1189.html

India’s construction sector, including residential and commercial segments, is anticipated to witness an uptrend through 2025, and become the world’s third largest construction market by the same year. Moreover, the country’s real estate market is projected to reach USD180 billion by 2020, fuelled by increasing construction of retail outlets, hotels, and mixed-use as well as residential buildings. Robust construction activities in the country are expected to significantly boost demand for HVAC systems during the forecast period.

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“During the forecast period, around 50,000 new hotel rooms are expected to be constructed and added to the country’s hospitality industry due to increasing demand for budget as well as luxury hotels, which is being backed by rising foreign as well as domestic tourism. On account of this anticipated growth in hospitality industry coupled with rising medical tourism in the country, demand for HVACs is expected to increase during forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India HVAC Market By Product Type, By End Use Sector Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of India HVAC market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India HVAC market.

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