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HVAC market to grow by 30 per cent

“Ingersoll Rand is over 100 years old and has held marketing leading position with a strong technology focus through the decades that defined HVAC standards,” says Sudarshan Ananth, Territory Vice President and Business Head – HVAC and Transport, India Climate Business Unit, Ingersoll Rand
HVAC products market in India is expected to grow by nearly 28-30 per cent over the next 2 years, and Ingersoll Rand is working to create smart energy technologies in this domain. In a conversation with ACE Update, Sudarshan Ananth shares why the current market trends present a great growth potential for Ingersoll Rand as well as the HVAC sector in general.
Indian and HVAC segment Construction and infrastructure industry is poised for a sustained period of investment in India with the new government making larger allocations to infrastructure, besides announcing better policy framework for execution of projects.
However, while the efficiency of commercial buildings has improved significantly in recent decades, the building industry has only begun to tap the energy reserves trapped in underperforming facilities. The industry foresees a wide range of groundbreaking innovations in high-performance building technologies, operating practices and intelligent building services that will create better, healthier, more comfortable and more productive indoor environments in the years to come. Transport, too, is a big consumer of energy. With the ongoing investment and focus on infrastructure, it is imperative that the need for specialised HVAC solutions for new projects will become a huge business opportunity.
Technologies that make the green leap through the life cycle of a product or service will be of utmost importance in leading this transformation. Also, technologies to sustain building services in which outcomes can be validated are becoming critical. Mr Ananth believes in actively partnering to garner expertise through technology convergence so that Ingersoll Rand at the forefront of this change.
Ingersoll and HVAC segmentIngersoll Rand is over 100 years old and has held marketing leading position with a strong technology focus through the decades that defined HVAC standards. Its focus on energy efficiency and safety in products started way before others in market began to recognise the need for it. Today, energy conservation has become a critical aspect for a vast majority of India Inc., and most of these organisations are willing to go the extra mile to achieve optimum levels of efficiency. Therefore, Ingersoll, as a supplier, is ready to deliver to this customer need in comprehensive manner.
It is important that Ingersoll starts developing and managing this smart infrastructure effectively and efficiently, working on specifications and standards for energy efficiency, buildings, equipment, roads, logistics etc. Ingersoll Rand strongly advocates the convergence model to kick-start its smart city dream and start looking at a cohesive way of finding innovative solutions.  HVAC products market in India is currently estimated valued at over Rs. 15,000 crore, market is expected to grow by nearly 28-30 per cent over the next 2 years to boast of a capitalisation of over Rs. 20,000 crore, which will be mainly due to the buoyed acceleration in infrastructure and real estate activities. The current market trends present a great growth potential for Ingersoll Rand as well as the HVAC sector in general. Ingersoll Rand is working in the domain of creating smart energy technologies like HVAC provisions in building, which can help reduce the energy consumption and make buildings have an efficient smart index.Ingersoll Rand’s Trane has some unique product offerings which cater to industrial needs, small and medium industries, warehouse, hotels, offices, healthcare, retail, data centre and telecom, residential and transportation. The investment impetus and focus from Government and private sector has provided us with the opportunity to offer its widest range of HVAC products catering to all customer needs. In the present market scenario, the company foresees the demand for HVAC products to rise pushing its organic growth.
X-FactorsAs per a recent estimate by Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE), the HVAC products market in India is currently valued at Rs. 15,000 crore, having grown from a Rs. 10,000-crore valued industry in 2010. ISHRAE also states that the Indian HVAC market is expected to grow by nearly 30 per cent over the next 2 years to boast of a capitalisation of over Rs. 20,000 crore, which will be mainly due to the buoyed acceleration in infrastructure and real estate activities.
Owing to the huge rise in the domestic real estate and construction industry, the Indian HVAC market is growing at a rapid pace. Ingersoll foresees a wide range of groundbreaking innovations in high-performance building technologies, operating practices and intelligent building services that will create better, healthier, more comfortable and more productive indoor environments in the years to come.
The Indian HVAC sector aims to provide cost-effective solutions that cater to the needs of the commercial and industrial customers by introducing eco-friendly systems. With energy conservation and implementation of greener measures being one of the major standouts of the industry, the move away from non-greener refrigerants towards more sustainable technologies is being seen as a major demand driver in the industry; one that will set forth a future course of action for the industry.
Its growth is coming from providing superior value-added products and services to its existing and new users who enjoy the comfort efficiently and safely. This position is reinforced through its new and expanded products and service in market. Its transport product and services continue to lead the growth path with superior delivery in safe, efficient movement of chilled and frozen products from first till last mile of its journey.
Ingersoll and competitorsWhether the focus is reducing emissions and energy costs, using products that are engineered to reduce material waste, or constructing a green building, Ingersoll Rand offers a constantly expanding range of products and solutions to help businesses meet their sustainability goals. Ingersoll provides solutions for air business, commercial air conditioning, bus air conditioning, truck refrigeration and residential air conditioning systems, to name a few.
Trane, a leading global provider of indoor comfort systems and solutions and a brand of Ingersoll Rand, offers chiller plant retrofit services to optimise the performance and energy efficiency of chillers and chiller plants, particularly those older than 10 years. Trane chiller plant retrofit services can reduce yearly operating costs up to 20 per cent and more in some cases.
Ingersoll believes in actively partnering to garner expertise through technology convergence so that it is at the forefront of this change. Trane has recently introduced Eco BreezeTM, the next generation light commercial air conditioner, which offers 10-15 per cent higher efficiency than conventional units, raising the bar for efficiency, sustainability and reliability. Technologies to sustain building services in which outcomes can be validated are becoming critical. For example, Trane remote management services uses advanced sensing technology and proprietary analytics to continuously collect, interpret and act upon data compiled from building systems and other sources to continuously optimise building performance.
With more than 100 years legacy, Trane caters to needs and demand of all segments with a wide range of products and services providing solution based product and service offerings. Ingersoll is constantly working towards innovating products and solutions that are relevant to the Indian market and customers. Its unique service offerings and customer-first approach enables its customers to enjoy hassle-free operations.

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