HVAC Industry

ACREX 2024 aims to elevate Indian HVAC sector

HVAC

ACREX, South Asia’s largest exhibition dedicated to Air Conditioning, Heating, Ventilation, and Intelligent Buildings, with the theme “Powering Global HVAC Supply Chain,” will highlight the expansion of India’s HVAC manufacturing sector, which is expected to reach USD 21.5 billion (INR 1,78,000 crores) by 2028.

The 23rd edition of ACREX India, organised by the respected association, Indian Society of Heating, Refrigerating, and Air Conditioning Engineers (ISHRAE), in collaboration with Informa Markets in India, India’s leading B2B event organiser, will take place from February 15th to 17th, 2024, at the India Expo Mart in Greater Noida, Delhi-NCR. This event, South Asia’s largest exhibition dedicated to Air Conditioning, Heating, Ventilation, and Intelligent Buildings, with the theme “Powering Global HVAC Supply Chain,” will focus on the growth of India’s HVAC manufacturing sector, which is expected to reach USD 21.5 billion (INR 1,78,000 crores) by 2028.

ACREX India 2024 provides a valuable platform for domestic and international manufacturers to connect with government officials, industry stalwarts, end users, and many more, helping them achieve their business objectives. The expo, featuring over 500+ exhibitors from 40 countries, will welcome 250,000 trade visitors over a 3-day event. Leading industry leaders will provide an overview of global HVAC trends.

Sushil Choudhury, Chairman of ACREX India 2024, highlighted ACREX India as the forefront of India’s HVAC narrative, integrating Decarbonisation, Technology Enablement, Innovation, and supply chain integration. ISHRAE’s visionary pursuit of advancing the arts and sciences of heating, ventilation and air-conditioning for the Indian HVAC industry, the ACREX India Expo shoulders the responsibility of spotlighting India’s stature as a global manufacturing hub, resonating with the essence of ‘Make in India’. The industry has also served as an example of India’s resilience and turnaround story in the post pandemic era. In 2023, air conditioners operating in India consumed around 190 TWH of electricity (more than 10 percent of national total), which is projected to reach 600 TWH by 2038. The increasing number of residential buildings in India’s tier 1, 2, and 3 cities has led to the air-conditioner becoming a necessity rather than a luxury item.

ACREX showcases India’s global strategic manufacturing competence, aligning with Prime Minister Atmanirbharta’s vision. Don’t miss this crucial demonstration of the HVAC industry’s limitless potential.

ACREX India’s grand edition in Delhi-NCR region aims to boost professional collaboration and businesses by showcasing global materials, equipment, technologies, and industry innovations. The show is amply supported by both domestic and international associations such as the Refrigeration and Air Conditioning Trades Association (RATA), the All India Air Conditioning and Refrigeration Association (ACRA), the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE), the International Institute of Ammonia Refrigeration (IIAR), Assocham India, the Indian Plumbing Association, the India Green Building Council (IGBC), and FSAI, among others. This will help to bridge the gap between suppliers and buyers.

Speaking on the announcement of ACREX India, Yogesh Mudras, Managing Director, Informa Markets India said, “The growth of India’s HVAC market is a testament to the dynamic interplay of urbanisation, improved standards of living, climate change, and strategic government initiatives promoting energy efficiency and sustainability. Simultaneously, with India aligning with global supply chain requirements, the HVAC export market is flourishing year on year, consistently showcasing the prowess of the Indian manufacturing sector on the global arena.

The India HVAC Market reached USD 9.1 billion in 2023 and has a projected a CAGR of 14.5 percent during the forecast period of 2025-2029.  The market continues to expand, driven by the adoption of energy-efficient systems and increasing demand in residential, commercial, and industrial sectors. Within this framework, ACREX India stands, with its own impressive highlights and legacy, as a vital platform for industry leaders and innovators to converge and navigate the evolving landscape. With a host of features including the ‘Pledge for Decarbonisation’, the show continues to elevate its reputation among every stakeholder of the industry,” he added.

Speaking on the occasion, K J Jawa, Chairman& MD, Daikin India said, “The shift towards smart HVAC systems is a significant trend in India. As energy, consumption continues to rise and system efficiency improves, buyers are actively choosing an intelligent HVAC systems that offers enhanced controls, real-time monitoring, advanced building automation, and IoT integration. The global increase in temperatures has also heightened the frequency and intensity of heat waves, droughts, and rainfall, impacting relative humidity and thus affecting the performance and energy usage of HVAC equipment.

Government’s increased investments in the construction sector have created a demand for HVAC systems, further driving growth in the HVAC electronics market. In its 23rd edition, ACREX India, has again taken a proactive step in supporting India’s carbon emissions reduction goals and the pursuit of improved energy efficiency through its concept of engineering towards net-zero. I am glad that the industry players through ACREX 2024 aims to tackle environmental challenges on a large scale and provide the HVAC industry with a roadmap towards lower carbon intensity, reduced fuel and electricity consumption, consequently increasing the demand for energy-efficient equipment in the market.”

He further added, “The HVAC industry in India was at a market size of $7,820.5 million in 2021, and it is anticipated to reach an approx.  $30,000 million by 2030, owing to a CAGR growth of 15.8 percent between 2021 and 2030. The growth is attributed to progressive government policies, infrastructure development, technological advancements, and rising tourism activities across the country. The rising disposable income and various initiatives by the Government that focus on improving the energy efficiency of appliances are also contributing to the market growth.”

Speaking on the occasion, Ravichandran Purushothaman, President, Danfoss India, said, “The HVAC industry is on a transformative path driven by global trends in sustainability, energy efficiency, and the quest for net-zero emissions. We’re witnessing a shift towards high-energy efficient appliances and eco-friendly refrigerants across sectors like refrigeration, air conditioning, and heat pumps. As we head towards 2050, consumer preferences and regulatory changes will propel a transition towards environmentally friendly solutions, aligned with the Race to Zero campaign and net-zero emission goals. To thrive in this evolving landscape, businesses must innovate sustainably, invest in R&D, and embrace digitalisation. At ACREX India 2024, we’re committed to showcasing our innovative solutions, fostering collaborations, and driving the adoption of sustainable practices. Together, we’re shaping a greener future for the HVAC industry in India.”

According to Arvind JA. Kumar, Assistant General Manager Marketing, ABS Fujitsu General India Pvt Ltd, “As the HVAC industry undergoes transformative growth, we are witnessing a global shift towards sustainability, energy efficiency, and achieving net-zero emissions. This evolution, fueled by urbanisation and decarbonisation, is driving demand for high-energy efficient appliances and environmentally friendly refrigerants. The air conditioning market is expected to undergo significant changes by 2050 due to consumer preferences and regulatory changes towards environmentally friendly and energy-efficient solutions. At ACREX India 2024, committed to showcase our innovative and sustainable HVAC solutions, advancing energy-efficient technologies, and collaborating with industry partners to drive sustainable practices. We believe ACREX India offers exceptional platform to shape the future of the HVAC industry in India”

ACREX India 2024 offers a comprehensive seminar on HVAC trade, workforce development, innovative technologies for hospitality, and infrastructure projects. It features a Startup Pavilion, Innovation Zone, Demo Zone, B2B meetings, seminars, workshops, launch pad, solution centre, and idea presentation, providing an immersive experience for entrepreneurs.

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