INDIA HVAC DRIVES MARKET

INTRODUCTION

Heating, ventilation, and air conditioning are abbreviated as HVAC. The word HVAC refers to a full home comfort system that can heat and cool your house while also improving indoor air quality. The fact that HVAC equipment moves air is crucial to understand.

In general, there is a mechanism in place to transport warm air somewhere else, either into or out of the house. The heat is captured or generated by the furnace, heat pump, and air conditioner in a home, and then moved around with the aid of the blower and ductwork.

A drive is a place (medium) where data that cannot be removed easily, such a disc or disc, may be stored and read. All drives house the programmes and files that make up your computer.

A variable frequency drive is an electrical device used as a fan attachment to change the revolutions per minute (RPM) of an alternating current (AC) motor, according to the most used HVAC definition.

To change the system airflow, the VFD modifies the electrical power frequency provided to the motor.A variable frequency drive (VFD) is an electrical device that controls the rotation speed of an alternating current (AC) electric motor by varying the frequency of the electricity supplied to the motor.

INDIA HVAC DRIVES MARKET SIZE AND FORECAST

The India HVAC drives market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

ACREX India lays out the roadmap for a high-potential HVAC industry.The largest air conditioning, heating, ventilation, and intelligent buildings show in South Asia, ACREX India, has its 22nd edition, according to the Indian Society of Heating, Refrigerating, and Air Conditioning Engineers and Informa Markets in India.

The exhibition will help build an ecosystem that will support the Prime Minister's goal of making India (self-reliant).

Smart HVAC system adoption is a significant trend in India. Buyers are actively choosing more intelligent HVAC systems with better controls, real-time monitoring, sophisticated building automation, and everything IoT due to the rise in energy usage and improvement in system efficiency.

Heat waves, draughts, and downpour have all become more frequent and intense as a result of rising global temperatures. These variables modify relative humidity, which impacts the efficiency and energy use of HVAC systems.

In addition, increased government spending on the construction industry is raising demand for HVAC systems, which is anticipated to fuel market expansion for HVAC electronics.

Through its engineering towards net zero approach, ACREX India has made a step to help efforts to lower India's carbon emissions and advance energy efficiency.

In order to transition the HVAC sector towards low carbon intensity, less fuel, and electricity, India will address the pervasive environmental concerns and give a path for doing so, increasing the market's need for energy-efficient equipment.

COMPANY PROFILE

• Fujitsu General India Pvt Ltd
• Greystone Energy Systems Pvt. Ltd.
• Honeywell Automation India Ltd.
• Kirloskar Brothers Limited
• Matel Motion & Energy Solution Pvt Ltd.
• Murugappa Morgan

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many HVAC drives are manufactured per annum in India? Who are the sub-component suppliers in different regions?
2. Cost breakup of a India HVAC drives and key vendor selection criteria
3. Where are the HVAC drives manufactured? What is the average margin per unit?
4. Market share of India HVAC drives market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture India HVAC drives in-house
6. key predictions for next 5 years in India HVAC drives market
7. Average B-2-B HVAC drives market price in all segments
8. Latest trends in HVAC drives market, by every market segment
9. The market size (both volume and value) of the HVAC drives market in 2023-2030 and every year in between?
10. Production breakup of HVAC drives market, by suppliers and their OEM relationship