The heating, ventilation, and air-conditioning sectors are growing rapidly in India as well as the international market. BDB started researching this market in the early 90s and has been able to carry out customised market research for products, equipment, systems and projects related to buildings, agriculture, industry, infrastructure, transportation, retail and logistic applications. BDB carried out studies for some of the leading domestic and global market players in this field.
The HVAC sector is one of the most dynamic and evolving sectors globally. The industry has seen some of the finest technological developments in this field, and several organisations monetised this opportunity by introducing HVAC products relevant to specific applications. Some of the most discussed subjects in this industry are energy-efficient and aesthetically better products. We have studied air conditioning and heating products, and specific HVAC products that find applications in data centres, hospitals, industrial units, tunnels and airports.
We have carried out studies for air-conditioning products for buildings and infrastructure areas like air conditioners, central air-conditioning systems, AHUs, VAV, Refers, Vizi coolers, freezers, refrigerators, compressors and controllers, cold storage, display units for retail, heating pumps and systems for road and rail transports systems, heating systems for swimming pools, etc. BDB conducted research for these products in South Asia, South East Asia, Middle East and Africa.
These customised research studies are carried out through primary research by interviewing stakeholders like consultants, EPCs, users, system integrators and suppliers of such equipment. BDB’s house research team is experienced in analysing the techno-commercial aspects of this sector and our customers find it interesting to analyse while making crucial decisions for expanding and introducing products in domestic and international markets. Our business advisors in this sector are very well acquainted with this industry, and their involvement was strategic while carrying out research assignments in this sector.
Q1. What kind of market research is often conducted in the HVAC industry?
The product and equipment business, project business, automation products, electronic components, and product business make up the HVAC ecosystem. Customers frequently require analysis of industry trends, technological advancements, prospects for spare parts, services, and projects, as well as long-term potential mapping across a range of industries and the opinions of HVAC experts and contractors.
Q2. What are the HVAC sector's most promising industry segments?
The expansion of the residential, commercial, industrial, and infrastructural sectors is closely linked to the HVAC sector market. It is connected to the idea of “farm to plate” as well.
Q3. What are the specific research areas discussed these days as part of research in this sector?
Energy efficiency, sustainability, compact products, automation, etc, are some of the key points often discussed during a customised market research project. There are immense innovations taking place in this field for both cooling and heating applications. Clients would like to have a clear idea of future developments in each of the customer-specific applications and how can be competitive in the market.
Q4. What particular study topics are being explored at this time as part of this sector's research?
During a customized market research assignment, some of the main topics that are frequently covered are automation, compact products, energy efficiency, and sustainability. In this discipline, enormous advancements are being made in both heating and cooling applications. Customers want to know exactly what is coming up in each of the applications that are unique to them and how they can stay competitive in the market.
Q5. In the HVAC industry, what are the requirements for carrying out primary market research?
Conducting thorough primary market research requires a solid foundation in electromechanical and air conditioning engineering, as the cooling and heating sector entails complex technical specifications. A thorough study process will be aided by having a solid understanding of the technologies and a strong network of stakeholders, such as HVAC consultants, contractors and system integrators.