Commercial air-conditioning (AC) market holds "significant promise" and is witnessing growth, driven by rapid urbanisation, infrastructural development and growing emphasis on comfort in commercial spaces, said Sunil Vachani, president of electronics and appliances manufacturers' body CEAMA.
“The commercialC (Heating, Ventilation, and Air Conditioning) segment is witnessing a shift with its wide array of applications, with infrastructure growth including offices, retail spaces, healthcare facilities, hospitality establishments, and educational institutions, said the president of Consumer Electronics and Appliances Manufacturers Association (CEAMA).
“Moreover, factors such as increasing awareness of indoor air quality, sustainability mandates, and the integration of IoT (internet of things) and building automation systems are also reshaping the commercialC landscape, offering avenues for innovation and market expansion, he said.
“"In terms of growth potential, the commercialC segment holds significant promise, with opportunities for both traditionalC systems and emerging technologies like variable refrigerant flow (VRF) systems and chilled beams," Vachani told PTI.
“Over the market size of the commercialC segment, Vachani said it varies across regions and sub-segments but is generally substantial, reflecting the scale of commercial infrastructure and the need for effective climate control solutions.
“"Overall, the commercial air-conditioning market represents a dynamic and evolving segment with considerable growth potential, driven by ongoing urbanisation trends and the imperative for energy-efficient, smart, and customisableC solutions," Vachani said.
“According to reports, the IndianC industry is projected to reach a market size of approximately USD 30 billion.
“When asked about the room air-conditioner segment, Vachani said he also anticipates a "steady growth" for the segment.
“However, he added that this segment could face "some nuances" due to Quality Control Orders (QCOs) issued by the government.
