siliconindia | | October 20204The Indian HVAC market is expected to reach $31,5986 million by 2030 at a CAGR of 16 percent. Comprising of heating, ventilation and air conditioning, the HVAC is increasing at a considerable rate due to the increase in the disposable income of people and growth in the commercial, industrial, and residential infrastructure investments in the country. However, the Indian HVAC market growth is negatively impacted due to COVID-19, where supply and demand, both saw a downward curve. But as the market is opening up and the industry is moving back on track slowly but steadily, the HVAC industry will see an increase in demand as new retail, hospitality, manufacturing plants, commercial properties, pharmaceutical, and other sectors are setup. Rapid industrialization and the growth of the service sector will also boost the HVAC sector. On the other hand, the increasing government investments in infrastructure development, smart cities, healthcare, tourism and transportation segments will help generate more demand for the HVAC industry. In the coming times, the HVAC systems of the future will see more use of technology intervention such as geothermal heat pumps, solar power, smart thermostats and ice-powered air conditioning to reduce the environmental impact by consuming less energy. Looking at this growing need of the hour, siliconindia Magazine brings to you `10 Most Promising HVAC Solution Providers ­ 2020'. Our team of experts comprising siliconindia Editorial Board and experienced veterans from the industry together have shortlisted the names and then finalize the listing. Together we have tried to bring the best of the name from the industry, their offerings, USP and their flagship offering in the HVAC space. Read to know more about them.Do let us know what you think! Anamika SahuManaging Editoreditor@siliconindia.comHVAC Industry to see the Silver Lining soon Editorial Vol 09 · Issue 05 - 07 · October - 15 - 2020 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Aveek Pal Chaudhuri Avinash Roy Mandvi Singh Rajan Sarma VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers S Sivasankar Mohana Krishnan ManjunathGroup Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Shivam AgarwalCirculation Manager Magendran Perumal Ashwini D Naik Indranil Chakraborthy Sanjana Mohanty Shivam AgarwalCorrespondentsSigma Mohanty Subhadarshani Mohanty
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