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HVAC (heating, ventilation, and air conditioning) is the technology of indoor and vehicular environmental comfort. The HVAC market in India is poised for rapid growth due to a number of changes that are taking place in the Indian economy and society, as well as easier availability of A/C products, which constitutes the bulk of the HVAC segment, in the market. Business analysts Frost & Sullivan, in a recently published report state that economic growth, increase in construction activities due to rise in population, rapid urbanization, and higher disposable incomes are the key factors that have contributed to the growth of the market and are likely to drive it in the future. Indian construction and infrastructure industry has witnessed a rapid growth (nearly 12% per annum), which is nearly twice the world's average. They report that the total select HVAC products market was valued at Rs 31.71 billion in 2010, and is expected to grow at a compound annual growth rate (CAGR) of 16.9% till 2015, owing to the rapid growth in the construction sector. In volume terms, it is expected to reach approximately five million TR in 2015. While the Indian Central AC market is currently estimated at $765million, it is expected to reach $2295 million by 2015.
The HVAC industry is a worldwide enterprise, with roles including operation and maintenance, system design and construction, equipment manufacturing and sales, and in education and research. HVAC is important in the design of medium to large industrial and office buildings such as skyscrapers and in marine environments such as aquariums, where safe and healthy building conditions are regulated with respect to temperature and humidity, using fresh air from outdoors.
It is our vision to continuously focus on the upcoming consultancy markets and trends, to establish niche verticals for ourselves, and as a part of it we have taken HVAC into our stride.
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In order to gain a competitive edge in the aggressive marketplace, workforce learning and development has become an area of prime importance. A trained staff will be at par with current market strategies, forces and technologies, and in turn show better results and performance. This is also an important factor in employee motivation and retention.