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Heating, ventilation, and AC market may reach Rs 1.78 trn by 2028: Industry

The Heating, Ventilation, Air Conditioning (HVAC) market, along with intelligent building solutions, is projected to reach Rs 1,78,000 crore (or USD 21.5 billion) in India by 2028, according to industry estimates.
The estimates were shared by Indian Society of Heating, Refrigerating, and Air Conditioning Engineers (ISHRAE) on Tuesday ahead of the 23rd edition of ACREX India, a dedicated industry event being organised in collaboration with Informa Markets India, at Greater Noida from February 15-17.
“Being the largest exhibition in South Asia dedicated to air conditioning, heating, ventilation, and intelligent buildings, ACREX India will focus on the growth of the HVAC manufacturing sector in India, projected to reach USD 21.5 billion (Rs 1,78,000 crore) by 2028,” as per a statement.
The three-day expo will feature over 500 exhibitors from 40 countries, including Belgium, China, Czech Republic, Egypt, France, Germany, Italy, Japan, Korea, Malaysia, Saudi Arabia, Singapore, Spain, …