ACREX India 2024: Exploring future horizons in HVAC Innovation

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ACREX India 2024: Exploring future horizons in HVAC Innovation

ACREX India 2024: Exploring future horizons in HVAC Innovation

Industry News
Feb 13,24

Organised by ISHRAE and Informa Markets in India, the premier exhibition takes place from February 15 to 17 at IEML, Greater Noida, Delhi-NCR.

ACREX India 2024: Exploring future horizons in HVAC Innovation

The 23rd edition of ACREX India, organised by the respected association, Indian Society of Heating, Refrigerating, and Air Conditioning Engineers (ISHRAE) in collaboration with Informa Markets in India, India’s leading B2B event’s organiser, will be held at the India Expo Mart, Greater Noida, Delhi-NCR, from February 15 to 17, 2024. This event, the largest exhibition in South Asia dedicated to Air Conditioning, Heating, Ventilation, and Intelligent Buildings, with the theme “Powering Global HVAC Supply Chain,” will focus on the growth of the HVAC manufacturing sector in India, projected to reach $21.5 billion (Rs 1,78,000 crore) by 2028.

ACREX India 2024 provides a valuable platform for domestic and international manufacturers to connect with government officials, industry stalwarts, end users, and many more, helping them achieve their business objectives. The expo will feature over 500+ exhibitors from 40 countries including Belgium, China, Czech Republic, Egypt, France, Germany, Italy, Japan, Korea, Malaysia, Saudi Arabia, Singapore, Spain, Switzerland, Taiwan, the Netherlands, UAE, UK, Ukraine and USA while welcoming 25000 trade visitors in the 3-day event. Prominent industry leaders such as Fujitsu General India Pvt Ltd, Daikin, Danfoss, Bluestar, Tata Voltas, Mitsubishi Heavy, Sharp India, Haier HVAC Solutions, Edge tech, and others will mark their presence, thereby offering a comprehensive perspective on current HVAC trends worldwide.

Offering a significant industry perspective, Sushil Choudhury, Chairman, ACREX India 2024 stated, “ACREX India stands as the highpoint of India's HVAC narrative, weaving together the threads of Decarbonisation, Technology Enablement, and Innovation, and integration of supply chain. Guided by ISHRAE's visionary pursuit of advancing the arts and sciences of heating, ventilation and air-conditioning for the Indian HVAC industry, the ACREX India Expo shoulders the responsibility of spotlighting India's stature as a global manufacturing hub, resonating with the essence of 'Make in India'. The industry has also served as an example of India's resilience and turnaround story in the post pandemic era. In 2023, air conditioners operating in India consumed around 190 TWH of electricity (more than 10% of national total), which is projected to reach 600 TWH by 2038. This corresponds to the proliferation of residential buildings across India’s rapidly expanding tier 1, 2, and 3 cities and the air-conditioner now being considered a necessity as opposed to a luxury item.

In line with the Prime Minister’s Atmanirbharta vision, ACREX epitomises India's strategic manufacturing prowess on the global stage. Don't miss this indispensable showcase of the HVAC industry's boundless potential!”

With this grand edition in the Delhi-NCR region, ACREX India is destined to continue its rich legacy and set new benchmarks professionals to congregate, collaborate, and elevate their businesses, showcasing materials, equipment, the latest technologies, and innovations in the industry on an international stage. The show is amply supported by both domestic and international associations such as Refrigeration and Air Conditioning Trades Association (RATA), All India Air Conditioning and Refrigeration Association (ACRA), American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), International Institute of Ammonia Refrigeration (IIAR), Assocham India, Indian Plumbing Association, India Green Building Council (IGBC), FSAI among others. This will help to bridge the gap between suppliers and buyers.

Speaking on the announcement of ACREX India, Yogesh Mudras, Managing Director, Informa Markets India said, “The growth of India's HVAC market is a testament to the dynamic interplay of urbanisation, improved standards of living, climate change, and strategic government initiatives promoting energy efficiency and sustainability. Simultaneously, with India aligning with global supply chain requirements, the HVAC export market is flourishing year on year, consistently showcasing the prowess of the Indian manufacturing sector on the global arena.

The India HVAC Market reached $9.1 billion in 2023 and has a projected a CAGR of 14.5% during the forecast period of 2025-2029. The market continues to expand, driven by the adoption of energy-efficient systems and increasing demand in residential, commercial, and industrial sectors. Within this framework, ACREX India stands, with its own impressive highlights and legacy, as a vital platform for industry leaders and innovators to converge and navigate the evolving landscape. With a host of features including the ‘Pledge for Decarbonisation’, the show continues to elevate its reputation among every stakeholder of the industry,” he added.

Speaking on the occasion, K J Jawa, Chairman and MD, Daikin India said, “The shift towards smart HVAC systems is a significant trend in India. As energy, consumption continues to rise and system efficiency improves, buyers are actively choosing an intelligent HVAC systems that offers enhanced controls, real-time monitoring, advanced building automation, and IoT integration. The global increase in temperatures has also heightened the frequency and intensity of heat waves, droughts, and rainfall, impacting relative humidity and thus affecting the performance and energy usage of HVAC equipment.

Furthermore, the government's increased investments in the construction sector have created a demand for HVAC systems, further driving growth in the HVAC electronics market. In its 23rd edition, ACREX India, has again taken a proactive step in supporting India's carbon emissions reduction goals and the pursuit of improved energy efficiency through its concept of engineering towards net-zero. I am glad that the industry players through ACREX 2024 aim to tackle environmental challenges on a large scale and provide the HVAC industry with a roadmap towards lower carbon intensity, reduced fuel and electricity consumption, consequently increasing the demand for energy-efficient equipment in the market.”

He further added, “The HVAC industry in India was at a market size of $7,820.5 million in 2021, and it is anticipated to reach an approximately $30,000 million by 2030, owing to a CAGR growth of 15.8% between 2021 and 2030. The growth is attributed to progressive government policies, infrastructure development, technological advancements, and rising tourism activities across the country. The rising disposable income and various initiatives by the Government that focus on improving the energy efficiency of appliances are also contributing to the market growth.”

Speaking on the occasion, Ravichandran Purushothaman, President, Danfoss India, said, “The HVAC industry is on a transformative path driven by global trends in sustainability, energy efficiency, and the quest for net-zero emissions. We're witnessing a shift towards high-energy efficient appliances and eco-friendly refrigerants across sectors like refrigeration, air conditioning, and heat pumps. As we head towards 2050, consumer preferences and regulatory changes will propel a transition towards environmentally friendly solutions, aligned with the Race to Zero campaign and net-zero emission goals. To thrive in this evolving landscape, businesses must innovate sustainably, invest in R&D, and embrace digitalisation. At ACREX India 2024, we're committed to showcasing our innovative solutions, fostering collaborations, and driving the adoption of sustainable practices. Together, we're shaping a greener future for the HVAC industry in India.”

According to Arvind JA Kumar, Assistant General Manager Marketing, ABS Fujitsu General India, "As the HVAC industry undergoes transformative growth, we are witnessing a global shift towards sustainability, energy efficiency, and achieving net-zero emissions. This evolution, fuelled by urbanisation and decarbonisation, is driving demand for high-energy efficient appliances and environmentally friendly refrigerants. By 2050, the landscape of the air conditioning market is set to evolve significantly, with consumer preferences and regulatory changes shaping the transition towards environmentally friendly and energy-efficient solutions.

At ACREX India 2024, we are committed to showcase our innovative and sustainable HVAC solutions, advancing energy-efficient technologies, and collaborating with industry partners to drive sustainable practices. We believe ACREX India offers an exceptional platform to shape the future of the HVAC industry in India"

ACREX India 2024 sets the stage with compelling features designed to elevate the sector. A power-packed seminar will comprise sessions on ‘NET ZERO 2070 - Roadmap for Large And MSME Manufacturers In The HVAC Trade’; ‘Workforce Development In India - The Roadmap For The HVACR Industry’; ‘Innovative HVAC Technologies For The Hospitality Industry’; and ‘Transforming HVAC For Infrastructure Projects And Buildings’; with panel discussions and presentations in each session. With designated spaces like a Startup Pavilion, serving as a dynamic platform for entrepreneurs to showcase entrepreneurial ideas; Innovation Zone, Demo Zone, B2B Meetings, Seminar and Workshops, Launch Pad, Solution Centre, and Idea Presentation, ACREX ensures an immersive experience that delves deep into emerging trends and inspirations for the industry.

Attendees at the expo can also look forward to much-anticipated events such as the prestigious ACREX Awards of Excellence. This distinguished accolade acknowledges outstanding work and products. Adding to the prestige is the ACREX Hall of Fame, a noteworthy recognition of industry icons whose contributions inspire building developers, architects, and designers.

ACREX India 2024 promises not only to showcase the latest in HVAC innovation but also to honour and celebrate those who drive excellence in the field.