MARCH 20238PANORAMATOP FIVE TRENDS IN INDIAN HVAC MARKETAccording to a recent survey, the construction sector of India has been predicted to become the world's third largest by the year 2025 primarily driven by residential construction. This factor will ultimately push the Indian Heating Ventilation and Air Conditioning (HVAC) market at a massive 16.0 percent CAGR till 2030. "The number of offices, complexes and shopping malls is rapidly rising in the country, which is leading to the increasing installation of Heating, Ventilation and Air Conditioning systems", says Akash Agarwal, Managing Director, Greenheck India. Also, there is increase in the disposable income of people and growth in the commercial and industrial infrastructure investments in the country.Internet of Things (IoT)Internet of Things is the latest trend in HVAC systems with the help of smart thermostats manufactured by Honeywell, Ecobee and Emerson, Nest, amd others. These devices can
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