15.02.2024 - 17.02.2024

ACREX India 2024 

South Asia's largest air conditioning, heating, ventilation and smart building exhibition

The focus of ACREX INDIA 2024 is on technological advances in the HVAC sector, which is central to creating a better future and a better world. With over 40 countries, participation is high in terms of both exhibitors and visitors.

The show is themed "Powering Global HVAC Supply Chain" and focuses on the rapid growth of the HVAC manufacturing sector in India. The latest technological advances will be showcased and a range of HVAC supply chain technologies will be presented. The show will be an attractive sourcing and networking platform for local and international participants. With the push for more local manufacturing. ACREX India 2024 will help local and international manufacturers connect with industry leaders, government officials, industry experts, end users and many others to achieve their business goals. ACREX 2024 will bring together experts from around the world to network, socialize, cultivate and expand knowledge to promote business and economic growth.

Changing climatic conditions, strong economic growth, various government initiatives such as Make in India - Atmanirbhar Bharat, PLI programs, financial incentives, and commitment to become carbon neutral by 2070 are some of the major factors driving the growth of the energy efficient HVAC market. Projected to reach $30 billion by 2030, with a CAGR of 15.8 %, the Indian subcontinent is fertile ground for local and international HVAC equipment manufacturers.

Pioneering technologies in heating, ventilation and air conditioning help shape a better world

The global HVAC industry is witnessing an impressive growth rate of 7.2 % through 2021, driven by the continued growth of revenue in the construction sector.
The Indian market exceeds this with an expected size of 5.9 billion $ by 2024 and a CAGR of 7 % during the forecast period (2019-2024).
The major factors driving the growth of the market are the increasing number of high-rise buildings, consumer markets in Tier-II cities, and shopping complexes and malls, where HVAC systems are an essential requirement. This is further enhanced by the government's focus on the ongoing smart city projects in the country.
The HVAC market shows that both manufacturers and consumers are paying more attention to energy efficiency.
The government is investing $1.45 trillion in infrastructure projects over the next 5 years.
Atal Innovation Mission (AIM), the flagship initiative of NITI Aayog, has launched the Atal Community Innovation Centre (ACIC) program in NITI Aayog to promote community innovation.

Market potential India*

More and more building space is air conditioned

Electricity demand for building cooling in particular is likely to be responsible for a sharp rise in CO₂-emissions in this segment. Ventilation and air conditioning technology already accounts for around half of total electricity consumption in residential and commercial buildings. By 2038, the share of air-conditioned residential space is expected to more than quadruple to 40 percent compared with 2020, Climate Transparency estimates. To achieve the goal of climate neutrality by 2070, CO₂-intensity of electricity generation for the building sector by 45 percent by 2050 compared to 2015 levels, according to calculations by the Council on Energy, Environment And Water (CEEW).

According to an analysis by the Bureau of Energy Efficiency (BEE), the savings potential is particularly great in office buildings. This is because energy intensity in relation to floor space is on average three times higher than in residential buildings. And this is not only due to the fact that there are more people in commercial buildings and office technology is used. Above all, building facades with large window areas and a lack of shading, combined with often oversized air conditioning and ventilation technology to reduce the room temperature to a tolerable level in India's tropical climate, drive up consumption in the segment. Up to 50 percent of the energy consumed by commercial buildings could be saved, estimates the BEE.

Regulations on sustainable construction would have to become stricter

This in turn opens up good business opportunities along the entire value chain in sustainable construction. It is true that less new office and commercial space was completed during the corona pandemic. However, activity is slowly picking up again and with it the demand for energy-efficient ventilation and air-conditioning technology, sustainable building materials, and planning and consulting services related to green building. Solutions for building energy management and other smart building applications are also increasingly in demand.

Demand for smarthome technology booming

India ranked third behind China and Canada in LEED (Leadership in Energy and Environmental Design) certification in 2021. A total of 146 buildings with 2.8 million square meters of space received the award - 10 percent more than in the previous year. This means that more than 1,600 buildings with more than 46 million square meters are now LEED-certified. Sales of smarthome technology could triple to $9 billion (US$) by 2025. The energy management segment is expected to grow from 150 million to 410 million US$ in the next five years, according to Statista's forecast.

*Source: GTAI

VISITOR PROFILE

Architects
Interior designers
Consultant
Engineering offices
Project Manager
Building Manager

Developer of buildings and infrastructure
End users from the private and public sectors for
Residential, commercial and industrial buildings
Plumbing Organizations
Electrical consultants
Electrotechnical companies

HVAC Consultants
Engineers for refrigeration and air conditioning
Heating and ventilation engineers/entrepreneurs
Wholesaler
Distributor
Contractors for after-sales service and maintenance