India HVAC Market to Reach USD3.97 Billion by 2019, Says TechSci Research
Summary
Moreover, with anticipated growth in FDI (Foreign Direct Investment), several international players are expected to enter and start operations in the Indian retail market.Centralized air conditioners, in contrast, are comparatively costlier and are usually preferred for large commercial or office spaces, where more tons of refrigeration is required for effective cooling.Rise in infrastructure, rapid urbanization and growth in commercial properties are some of the key factors fuelling the market for HVAC systems in India.Moreover, with anticipated growth in FDI (Foreign Direct Investment), several international players are expected to enter and start operations in the Indian retail market.Centralized air conditioners, in contrast, are comparatively costlier and are usually preferred for large commercial or office spaces, where more tons of refrigeration is required for effective cooling.