India
Embraco Announces Entry into India
Embraco, the world’s leading manufacturer of compressors for domestic refrigerators and refrigeration equipment, has announced its entry into the Indian market. Arup Majumdar, the newly appointed dire...
Panasonic to Set up Refrigerator Plant in India
Panasonic is unfolding plans to manufacture refrigerators in India in oredr to tap the huge market of over 10.5 million units per annum in the country. The company plans to invest INR 2.5 billion (US$...
Hitachi Aims to Rise to Second Position in Indian AC Market
Franz Cerwinka, global CEO of Johnson Controls - Hitachi Air Conditioning, announced in New Delhi on May 4 the company’s aim to become the number two player in the air conditioning market in India and...
Heat Waves Leads to Record Sales of ACs
India recorded its highest ever temperature on May 22 when the mercury in the town of Phalodi in the western state of Rajasthan shot up to an unbearable 51oC. It was the second day in a row that the town experienced temperatures in excess of 50oC. Other towns in the state, such as Churu, also recorded highs of about 50oC the same day. In New Delhi, the temperature reached nearly 47oC. After...
HVAC Systems Market Worth $173.16 Billion by 2022
July 18, 2016 PUNE, India - The global HVAC systems market is expected to reach $173.16 billion by 2022, increasing at a compound annual growth rate (CAGR) of 5.9 percent between 2016 and 2022, according to a new report published by MarketsandMarkets. The factors driving the growth of the market include government incentives through tax credit programs, increasing construction activities, g...
HVAC Insulation Market Worth $5.29 Billion by 2021
12 July 2016 PUNE, India - The global HVAC insulation market is forecast to grow from $3.30 billion in 2015 to $5.29 billion by 2021, increasing at a compound annual growth rate (CAGR) of 8.20 percent, according to a new report published by MarketsandMarkets. The market is being driven by the rising growth of the construction industry coupled with increasing demand for HVAC systems in devel...
Daikin India Invests in R&D and Ramps up Capacity
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal Daikin Airconditioning India Pvt. Ltd. (DAIPL), a fully owned subsidiary of Daikin, offers premium air conditioning solutions and has been ra...
Chillers Market worth $10.84 Billion by 2021
Being driven by the surging need for energy, high investment in the chemical and petrochemical industries 15 June 2016 PUNE, India - The global chillers market is forecast to grow from $8.63 billion in 2015 to $10.84 billion by 2021, increasing at a compound annual growth rate (CAGR) of 4.24 percent, according to a new report from MarketsandMarkets. The market is being driven by the surging...
India set to impose duty on Chinese R134a
June 14, 2016 INDIA: Sources in India say the government is set to impose anti-dumping duty of US$1.22/kg on import of R134a from China. The move to protect India’s domestic market from cheap i...
India: Coldman Logistics builds cold chain warehouse in Sri
June 9, 2016 Mumbai, India: Coldman Logistics is building a temperature controlled warehouse in Sri City. Dev Anand, director, Coldman Logistics, said: “We will be expanding our network to other ports and major cities on pan India basis by building state-of-the-art temperature controlled warehouses, which will cater to food, pharma and other industrial products in next two years.” Co...
