The key trends in the HVAC industry are
energy savings and precision automation control system which has led to the use
of adjustable variable frequency drives in HVAC systems.
There is a huge opportunity to improve
industrial automation levels that help in both energy efficiency and productivity
of the plant through our valves, drives, PLC controllers, compressors, best
safety standards and through products that reduce wastages. Awareness about
optimum use of energy is quite high among customers today, therefore they are
now slowly shifting to variable frequency drive as it is one of the best way to
get energy efficiency.
Sustainability of HVAC industry depends
upon investment climate of infrastructure and industrial projects segment.
Current financial year, encouraging investment in the segment is like
productive stimulus. The HVAC market is growing fast mainly due to rise in real
estate market and infrastructure sector.
We can emerge as a major hub for
manufacturing in the HVAC space Govt is serious and focuses on maintaining
energy efficiency and provides incentives to the manufacturing industry. Localisation
while sourcing products by Companies will boost the economy. Energy demand is
estimated to triple over the next 10 years, there is a huge demand to shift to energy
efficient technology. Every company is searching for HVAC equipments which are
energy efficient to reduce energy consumption.
High efficiency oil-free centrifugal
compressor are available in the market that provide high energy savings for HVAC systems reducing up to 35-50% of energy consumption than a commercial HVAC
system.
HVAC systems are responsible for major
share of electricity charges. This puts
pressure on sources of energy and the environment. By deploying energy
efficient devices great energy saving can be achieved also keeping the cost in
check.
If HVAC sector needs to grow, there is a
huge investment required for refrigerated warehouses and storage
infrastructure. We cannot solely depend on the govt investment, there has to be
a better approach of PPP model. This will boost HVAC sector towards higher growth.
Current budget allocation in HVAC sector is
a growth driver and will put this sector in higher growth trajectory. There has
been huge increase in warehousing investment is a very positive step, one needs
to look at how the infrastructure can be made sustainable.
An automated cold storage with best global
technologies will cost 30 % more. It is important to note that 60% of the
operating cost of a cold storage is due to electricity and this cost could be
anywhere close to 1.5 crores per annum.
Danfoss has an India 2015 growth strategy
in place where we will focus on 3 key megatrends: Cold Chain, Urbanization and
Energy Efficiency. This strategy intends to increase base business and reach
tier2 cities.
