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Why Are Governments Encouraging Installation of Smart HVAC Systems?


Heating equipment, such as furnaces, unitary heaters, boilers, and heat pumps, and air conditioning equipment, such as chillers, room ACs, ducted split/packaged units, and variable refrigerant flow (VRF) systems, are being installed in residential, commercial, and industrial facilities across the world. Additionally, end-users are installing humidifiers/dehumidifiers, ventilation fans, air cleaners, and air handling and fan coil units for ventilation purposes.

In recent years, commercial structures have emerged as the largest user of such equipment due to the flourishing hospitality sector and soaring number of buildings and offices worldwide. In recent years, HVAC equipment and service companies have been increasingly engaging in research and development (R&D) to offer more advanced HVAC systems.

HVAC Market Size, Status, Top Players, Trends in Upcoming Years

For instance, in November 2019, Danfoss A/S introduced six new refrigeration and AC components and systems for India. The new product portfolio includes Danfoss Intelligent Purging System (IPS)/air purger, Danfoss plate heat exchanger, Danfoss gas detector, ICSH 2-step solenoid valve, IFCD defrost module, and EKE 400. Likewise, in February 2020, Annexair Inc. introduced an eco-friendly biocomposite-based ventilation system constructed with recycled plastic bottles.

According to P&S Intelligence, Asia-Pacific (APAC) dominated the HVAC market in the recent past, and it is also expected to install HVAC systems at the highest rate in the forthcoming years. This can be attributed to the mounting number of construction projects and the surging urban population in the region. Moreover, the rapid economic growth in APAC countries will fuel the adoption of HVAC equipment in the upcoming years, as will the escalating disposable income of people in China and India.

Thus, the soaring number of construction projects and rising government support for energy-efficient technologies will fuel the installation of HVAC equipment in the upcoming years.
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