Market Research Report : HVAC Market in India 2011


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The HVAC Market in India is growing at a fast pace primarily owing to the huge rise in construction activity in real. A strong need to meet the ever increasing demand coupled with the geographical conditions in India has made it lucrative for firms to venture into this sector.

The report begins with an introduction to HVAC systems and its applications. It further delves into the various types of HVAC systems and its major components. The market overview section gives an insight into the existing market including the market size and growth, and share of major segments.

An analysis of the drivers explains the factors for growth of the industry including growth in construction industry, government investments, constant flow of foreign investments and geographical advantages. The key challenges of the market include huge establishment cost and developing efficient systems. This section is followed by the sector-wise demand for HVAC covering real estate, retail industry, healthcare sector, hospitality sector, SEZs, airports and metro rail.

The competition section provides an overview of the competitive landscape in the industry and includes a detailed profile of the major domestic and foreign players in the market along with a snapshot of their business.

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Market Research Report : HVAC Market in India 2011

  1. 1. HVAC Market – IndiaApril 2011
  2. 2. Executive Summary HVAC market in India was worth INR x bn in 200- and has been growing at a CAGR of y% Market between 200--200- It has immense potential owing to the boom in the construction and infrastructure sectors Drivers Challenges – Growth in construction industry – Huge establishment cost Drivers & LE – Government investments – Developing energy efficiencyChallenges – Constant flow of foreign investments MP – Geographical advantages Real Estate- India is the most viable investment destination for real estateSector-wise Demand A Retail Industry- Undergoing a structural change with increase in large format shopping malls S Healthcare Sector- Expected to become an INR z bn industry by 20-- Hospitality Sector- A lot of high-class hotel projects across India are in the pipeline SEZs- Government has approved a SEZs out of which many are still left to be completed Airports- Modernization of a number of metro and non-metro airports are underway Metro Rail- INR b tr will be invested in metro rail system in the next c years Market comprises of both domestic players and foreign players:Competition Domestic Players Foreign Players Player 1 Player 2 Player 3 Player 4 Player 5 Player 6 HVAC MARKET IN INDIA 2011.PPT 2
  3. 3. •Introduction•Market Overview•Drivers & Challenges•Sector-wise Demand•Competition HVAC MARKET IN INDIA 2011.PPT 3
  4. 4. HVAC systems are fast becoming indispensable units in large building facilities in India Overview Types of HVAC • HVAC (Heating, Ventilating and Air Conditioning) HVAC systems refers to systems that perform processes designed to regulate room temperature, humidity and air flow in Central Systems buildings, according to their acceptable ranges Systems using chilled water as a cooling medium and air- LE • HVAC systems consume an important part of: cooled chillers and cooling towers to reject heat. Heating is usually generated from a boiler and piped hot water or steam. Architectural design and space allocations Building construction budget Building’s annual energy consumption MP Distribution of cooled air is then handled by VAV (Variable Air Volume) units, CAV (Constant Air Volume) units or small un- ducted cooling units HVAC Applications Airports and Government SA Retail Packaged Systems These systems are generally either rooftop systems or split systems. Cooling is delivered directly to the supply air through a refrigerant evaporative coil. Packaged units are designed as SEZs Facilities Outlets heat pumps and include a gas furnace or an electric resistive heating coil. Heat pumps operate utilizing the refrigeration Educational Healthcare system to pump heat from the outdoors into the building HVAC Facilities Facilities Individual Systems Hotels and Smaller window or wall-mounted type units which are self Multiplexes Office Space Malls contained and allow for more individual control. Cooling is handled inside and heat rejection outsideSource: HVAC MARKET IN INDIA 2011.PPT 4
  5. 5. HVAC market in India has been showing consistent growth and is poised for more in the near future HVAC Market- Overview HVAC Market- Market Size and Growth • HVAC market in India has immense potential owing Segment 1 Segment 2 to the boom in the construction and infrastructure INR bn sectors LE a% • Economic slow down since 200- had its effects on the P HVAC market deterring its growth rate M • Though the market appears steady there are many 0 offerings SA innovations that need to be made to update its • The market is mostly concentrated around air- 2004 2005 2006 HVAC Market- Market Segmentation(200-) 2007 2008 2009 conditioning than heating or ventilation due to its Segment 3 x% geographical factors • Commercial air-conditioning constitutes the bulk of the market share y% Segment 4Source: HVAC MARKET IN INDIA 2011.PPT 5
  6. 6. Drivers & Challenges – Summary Drivers Challenges Growth in construction industry Huge establishment cost Government investments Developing efficient systems Constant flow of foreign investments Geographical advantages HVAC MARKET IN INDIA 2011.PPT 6
  7. 7. Sector-wise Demand (2/7) Retail Industry Retail Expansion Plans in India • Indian retail industry is undergoing a structural Companies Expansion Plans change with individual stores making way for large C1 • Will invest INR U bn in 60 stores by 20-- format shopping malls and hyper-markets • It has been ranked as the most attractive country for • Invest ~INR V bn in the next p years in C2 LE supermarkets and hyper marts international retail expansion in 200- C3 • To invest INR W bn in next q years • HVAC market will benefit as the retail sector witnesses an upturn since it constitutes a major MP portion of the costs of such in-built environments C4 C5 • Plans to have X hypermarkets by 20-- • Open another Y stores by 20-- Retail Industry Market Size Organized Market Unorganized Market SA Organized Retail Market Space Organized retail space is expected to mn sq feet grow substantially INR bn x% x% and drive the HVAC w% market in India y% s% t% 0 0 2010 2013e 2010 2012eSource: HVAC MARKET IN INDIA 2011.PPT 7
  8. 8. Domestic Players in the Market (2/3) Company Snapshot: Company 1 Corporate Information Financial Performance Total Revenue Headquarters ---- Net Profit INR bn INR bn Founded ---- Products ---- PLE M Key People Z – President A 0 0 S 2006 2007 2008 2009 Business Highlights • Player has secured two orders worth INR - bn for two airports in India, namely Kolkatas Netaji Subhas Chandra Bose International airport and Chennai International airport • Has signed a joint venture with Company 2 of Region 2 for execution of electro-mechanical (MEP) projects • Will form a joint venture company in Region 3 in partnership with Z Company for an electro-mechanical project • Has acquired the entire stake of its Region 3 partner in joint venture firm Y • Player has acquired a majority stake in X and made it their wholly-owned subsidiarySource: HVAC MARKET IN INDIA 2011.PPT 8
  9. 9. Thank you for the attentionThe HVAC Market - India report is part of Research on India’s Manufacturing Industry Series.For more detailed information or customized research requirements please contact:Gaurav KumarPhone: +91 33 4064 6214E-Mail: gaurav.kumar@netscribes.comResearch on India is a product of Netscribes (India) Pvt. Ltd. Research on India is dedicated to disseminating information and providing quickinsights on “hot” industries in India and other emerging markets. Track our new releases and major updates in these industries onAbout NetscribesNetscribes is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment &business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a truevalue proposition that draws upon a vast knowledge base. Netscribes is a one-stop shop designed to fulfil clients’ profitability and growthobjectives.Disclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India,Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is thesole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction. HVAC MARKET IN INDIA 2011.PPT 9