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HVAC Systems Market Size In India is set to grow by USD 3.98 billion from 2024-2028, Growing demand for inverter HVAC systems to boost the market growth, Technavio

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NEW YORK, June 13, 2024 /PRNewswire/ — The HVAC systems market size in India is estimated to grow by USD 3.98 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.77%  during the forecast period.  Growing demand for inverter HVAC systems is driving market growth, with a trend towards increasing popularity of smart HVAC systems  However, need for high R and D investment  poses a challenge. Key market players include Air Control India Pvt Ltd, Blue Star Ltd., Daikin Industries Ltd., Fujitsu General Ltd., Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Hitachi Ltd., Honeywell International Inc., IFB Industries Ltd., Ingersoll Rand Inc., Johnson Controls International Plc, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Toshiba Corp., Trane Technologies Plc, Voltas Ltd., and Whirlpool Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Non-residential and Residential), Type (Centralized and Decentralized), Installation Sites (New installation and Retrofit), and Geography (APAC)

Region Covered

India

Key companies profiled

Air Control India Pvt Ltd, Blue Star Ltd., Daikin Industries Ltd., Fujitsu General Ltd., Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. Ltd., Havells India Ltd., Hitachi Ltd., Honeywell International Inc., IFB Industries Ltd., Ingersoll Rand Inc., Johnson Controls International Plc, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Toshiba Corp., Trane Technologies Plc, Voltas Ltd., and Whirlpool Corp.

Key Market Trends Fueling Growth

The HVAC systems market in India is experiencing growth due to the adoption of smart and connected systems. IoT-enabled devices, such as wireless acoustic transmitters and steam trap monitors, aid in monitoring HVAC system operations. End-users prioritize predictive maintenance for increased efficiency and reduced downtime. Manufacturers like Havells India, LG Electronics, and Samsung Electronics offer IoT-enabled smart HVAC systems for residential use.

Industrial HVAC systems benefit from IIoT integration for energy savings and reduced on-site services. The focus on building smart factories in India supports this trend. 

The HVAC systems market in India is experiencing significant growth, with a focus on energy-efficient and smart technologies. HVAC systems are essential for maintaining comfortable indoor environments in various sectors such as commercial, residential, and industrial.

The use of sustainable and eco-friendly HVAC systems is a trending topic, with many companies offering products that meet this demand. The HVAC industry in India is also witnessing the adoption of IoT technology, enabling remote monitoring and control of systems. Additionally, the government’s push towards renewable energy sources is driving the demand for HVAC systems that integrate solar energy systems. Overall, the HVAC market in India is witnessing a surge in demand due to increasing urbanization and the need for energy-efficient solutions. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The HVAC systems market in India faces significant challenges due to the increasing demand for energy-efficient systems and intense competition. Manufacturers are investing heavily in R&D to create innovative designs and integrate automation technologies. However, the shortened product lifecycle and difficulty in passing R&D costs to end-users necessitate long-term investments and higher manufacturing costs. Established players like United Technologies and Daikin Industries continue to invest in India for energy-efficient and eco-friendly HVAC systems.The HVAC systems market in India faces several challenges. The high cost of installation and maintenance is a major concern for many businesses and individuals. The lack of skilled labor and proper training in HVAC technology is another challenge. Additionally, the inconsistent electricity supply and the need for energy-efficient solutions are pressing issues.Furthermore, the increasing demand for air conditioning due to rising temperatures and urbanization puts pressure on the industry to provide cost-effective and sustainable solutions. The use of advanced technologies like IoT and AI can help address some of these challenges by improving efficiency and reducing costs.However, the adoption of these technologies requires significant investment and infrastructure development. Overall, the HVAC systems market in India presents both opportunities and challenges for players in the industry.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Application 1.1 Non-residential1.2 ResidentialType 2.1 Centralized2.2 DecentralizedInstallation Sites3.1 New installation3.2 RetrofitGeography 4.1 APAC

1.1 Non-residential-  The non-residential HVAC systems market in India, comprising commercial and industrial sectors, is the leading segment with consistent growth. This growth is attributed to the expanding construction sector, infrastructure development investments, and rising demand for office spaces. India’s office space demand is increasing, driven by urbanization and favorable commercial real estate policies.

Cities like Hyderabad, Bengaluru, NCR Delhi, Mumbai, and Pune are experiencing significant office space absorption. Furthermore, the growing number of start-ups and co-working spaces are boosting HVAC systems demand. Infrastructure development projects, such as the plan to build 220 new airports, will increase the demand for centralized split ACs, thereby fueling the HVAC systems market growth in India’s non-residential segment.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The HVAC Systems Market in India is witnessing significant growth due to the increasing demand for energy-saving products and regulations promoting energy efficiency. The HVAC industry is focusing on the use of R-410 and A2L refrigerants to meet the new HVAC regulations. The adoption of AI-based automated solutions is also on the rise, enabling smart climate control in residential, commercial, and industrial properties.

Energy-efficient buildings and sustainable structures, such as shopping centers, industrial facilities, and warehouses, are prioritizing the implementation of advanced cooling and heating systems. The telecommunication sector is also investing in energy-efficient HVAC technologies to support their critical infrastructure. The market is expected to continue its expansion, driven by the need for reliable climate control solutions in various sectors.

Market Research Overview

The HVAC Systems market in India has been experiencing significant growth due to increasing urbanization and rising disposable income. The market is driven by the demand for energy-efficient and cost-effective solutions in both residential and commercial sectors. The Indian government’s initiatives to promote renewable energy and energy efficiency have further boosted the market.

The HVAC Systems market in India caters to various applications such as air conditioning, heating, ventilation, and refrigeration. The market is segmented based on product types, applications, and regions. The major product types include split systems, packaged systems, and central systems.

The market is expected to continue its growth trajectory in the coming years due to the increasing demand for comfort and indoor air quality solutions. The market is also witnessing the adoption of advanced technologies such as IoT, AI, and ML for energy management and system optimization. The Indian HVAC Systems market is a dynamic and competitive landscape with numerous players offering innovative solutions to cater to the evolving customer needs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationNon-residentialResidentialTypeCentralizedDecentralizedInstallation SitesNew InstallationRetrofitGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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48-Hour Saudi Visa Processing, Major Discounts and Unmissable Giveaways – Only at ‘Spectacular Saudi’ in Mumbai

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NEW DELHI, Sept. 21, 2024 /PRNewswire/ — Saudi’s national tourism brand, ‘Saudi Welcome to Arabia’ is hosting its first-ever immersive consumer event ‘Spectacular Saudi’, from September 25 to October 2,  from 2:00 p.m. – 10:30 p.m. at R2 Ground in BKC, Mumbai.

Slated to transport visitors straight to the Heart of Arabia; the 8-day immersive experience will give visitors a glimpse into Saudi’s many wonders and iconic experiences – all while extending the warm Saudi welcome. To give consumers a truly memorable experience Saudi is offering exclusive giveaways and discounts specially curated for Indian travellers.

What’s more, Indian travellers can fast-track their Saudi visas exclusively at the event. All you need is a valid Visa or Mastercard credit card! Head on over to one of eight dedicated Tasheer kiosks, ensure the name on the credit card matches the passport, and have sufficient funds available on the card. After that, sit back and relax as your visa will be in hand within 48 hours!

It has never been easier to visit Saudi. With the most seamless visa process offered to date, the excitement doesn’t end there. On the travel front, SAUDIA Airlines is offering special deals, including a buy one get 50% off on the second ticket if travelling business class. Additionally, all economy class tickets will be 15% off. Attendees will also have the chance to participate in daily giveaways for free flight tickets for two to Saudi. With over 50+ travel trade offers, visitors can access incredible cashback and discounts on Saudi travel packages. Additionally, those booking Saudi packages will enjoy complimentary cultural city tours. Group tour packages to Riyadh, Jeddah, and Dammam will be available exclusively at the event, starting at INR 99,999 for 5 nights.

Visitors can expect unique immersive experiences–including exhibits, culinary delights, Ardah dancers, Saudi coffee, traditional scents, and fashion–all under one roof. So don’t miss out and register here to experience a piece of Saudi, right in the heart of Mumbai.

Photo – https://mma.prnewswire.com/media/2511104/Spectacular_Saudi.jpg

 

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Indian Cancer Genome Atlas Launches the Country’s First Comprehensive Cancer Multi-Omics Data Portal

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Offers open access to cancer data for research

NEW DELHI, Sept. 21, 2024 /PRNewswire/ — The Indian Cancer Genome Atlas (ICGA) has launched India’s first comprehensive cancer multi-omics data portal. This pioneering platform provides open access to clinically correlated data from Indian cancer patients, aimed at transforming cancer research and treatment for Indian populations.

Historically, cancer treatments in India have been based on Western data sets. However, cancers in Indian patients can differ significantly at the molecular level. ICGA’s mission is to create Indian-specific datasets to help researchers and clinicians develop personalized treatment protocols. This new open-access portal represents a monumental step in revolutionizing cancer research, specifically for Indian patients.

The ICGA cancer multi-omics portal is the first in India to offer data that includes DNA, RNA, and protein profiles of breast cancer patients, integrated with clinical outcomes. Currently, the platform consists of data from 50 breast cancer patients, with plans to expand to over 500 patients in the coming year. This data is freely accessible to the global research community under India’s PRIDE guidelines, which promote ethical sharing and collaboration in cancer research.

Key Highlights of this portal include:

India’s First Cancer Multi-Omics Data Portal: A comprehensive resource that offers detailed multi-omics data for breast cancer patients, including genomic and proteomic information.Based on cBioPortal Platform: Derived from the internationally recognized cBioPortal, this platform ensures seamless integration with global cancer research efforts.Initial Dataset from 50 Indian Patients: Provides clinically annotated DNA, RNA, and protein profiles, along with treatment histories and patient outcomes, with an aim to scale up to 500 in a year.Free Access Under PRIDE Guidelines: Adhering to responsible and ethical data-sharing practices, the portal is freely accessible to the scientific community.A Step Toward Precision Oncology for Indian Patients: This initiative is designed to enable the development of personalized cancer treatments tailored to Indian patients.Call for Collaboration:  ICGA invites researchers worldwide to contribute and expand the platform, fostering global collaboration in cancer research.

Professor Shekhar C. Mande, Former DG-CSIR, Currently Senior Professor at Savitribai Phule Pune University
“Making this invaluable cancer data publicly accessible marks a pivotal step in accelerating scientific discoveries and enhancing patient outcomes. By openly sharing this data, we are empowering researchers, clinicians, and innovators to collaborate, explore new frontiers, and drive transformative breakthroughs in cancer treatment.”

Joint Statement from Dr JC Zenklusen – Director of The Cancer Genome Atlas (TCGA) at the NCI, NIH, USA, and Prof Sunil Badve – Vice Chair, Pathology Cancer Programs, Department of Pathology and Laboratory Medicine, Emory University School of Medicine, Atlanta, Georgia, USA
“Fifteen years ago, when we launched TCGA, we could not have foreseen the remarkable progress cancer research would make. It is incredibly exciting to see ICGA advancing so rapidly and taking bold steps in revolutionizing cancer research. Understanding the genome of cancer patients will improve the treatment of Indians not only in India but also worldwide. We, both, encourage others with similar data to actively contribute to ICGA, so this initiative can grow even faster and drive greater breakthroughs.”

Dr. Anand Deshpande, Chairman and Managing Director at Persistent, and Non-Executive Director at ICGA
“We have made an excellent start with this groundbreaking multi-omics cancer portal. Cancer touches all of us, and the need for more effective, personalized treatments—especially tailored to the unique genetic and environmental factors in India—is urgent. This portal will empower researchers with crucial data to advance customized cancer research for better treatment outcomes. I encourage everyone to contribute and support this vital cause, helping us accelerate progress in the fight against cancer.”

About Indian Cancer Genome Atlas (ICGA):
The Indian Cancer Genome Atlas (ICGA) is a national initiative focused on mapping the genomic, transcriptomic, and proteomic landscapes of cancers across India. As a section 8 not-for-profit organization, the ICGA Foundation, operates through a public-private-philanthropic partnership, with active support from over 50 clinicians, researchers, and data analysts. Its mission is to enhance cancer diagnosis and treatment for Indian patients and contribute to the global understanding of cancer biology. The foundation’s first project focuses on the multi-omics profiling of breast cancer, with plans to extend this effort to other types of cancer in the future.

https://www.icga.in/

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Huawei Launches All-New Xinghe Intelligent Campus with Full Upgrades, Maximizing Enterprises’ Intelligent Productivity

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, the Xinghe Intelligent Campus session was successfully held, attracting more than 200 industry pioneers, experts, and scholars from around the world to explore campus network trends and technological innovations. Also at the event, Huawei unveiled its all-new Xinghe Intelligent Campus Solution that stands out for full upgrades to wireless, application, and operations & maintenance (O&M) experience.

Shawn Zhao, President of the Campus Network Domain, Huawei’s Data Communication Product Line, said, “As video conferencing, AI terminals, and AI applications become more widespread, the campus network access density has increased threefold, and the demand for bandwidth has grown tenfold. In this case, users place new requirements on the assurance for AI applications and audio/video services while expecting more intelligent O&M.”

To meet these needs, Huawei launched its all-new Xinghe Intelligent Campus Solution with full upgrades. Specifically, this solution upgrades wireless experience in performance, roaming, and IoT convergence. It also leverages X-Scheduler (an experience scheduling engine) to upgrade application experience, while drawing on AI-assisted decision-making and a tidal prediction algorithm to upgrade O&M experience. These help customers build an industry-leading digital infrastructure and facilitate the digital and intelligent transformation of enterprises.

In addition, the solution provides end-to-end security assurance. On the wireless side, the innovative Wi-Fi Shield technology radically prevents packet eavesdropping on the air interface. On the wired side, the full-link MACsec capabilities from switches to APs ensure secure campus network data transmission since the very beginning.

Also at the session, leading analyst firms, customers, and partners in various industries shared their unique insights, best practices, and successful cases. Key speakers include Sian Morgan, Research Director of Dell’Oro Group; Dr. Haitham S. Hamsa, Professor of Information Technology, Cairo University; Shang Qun, Assistant to the Director of the Computing Center, Peking University; Sun Pan, Director of Infrastructure Operations Dept, System Digitalization Dept, FAW Group; Connee Zhang, CEO of CypressTel. Their valuable practices will provide a unique reference for the digital and intelligent transformation of enterprises across industries.

Looking ahead, Huawei believes that the Xinghe Intelligent Campus Solution will become the preferred choice for global enterprises’ digital and intelligent transformation to reap more benefits.

For more information about Huawei’s Xinghe Intelligent Campus Solution, visit https://e.huawei.com/en/solutions/enterprise-network/campus-network.

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