At present, the HVAC market in India is valued at $ 9.1 billion, and projected to grow at a CAGR of 15 per cent through 2030 to touch $30 billion. North India accounts for 29 per cent of this market, followed by West India. Infrastructure development, technology upgrades, tourism and an increasingly aspirational middle class are expected to drive this industry.
The HVAC market is populated by many players and types of systems. CW explored what’s working in various kinds of structures and found that energy-efficiency is mostly driving selection.
