ACREX India this year has taken steps towards reducing carbon footprints, aiming at being a carbon neutral exhibition.
The major thrust of the event is towards promoting eco-friendly technologies and increasing awareness about energy efficiency, which will enable one to undertake counter measures to prevent Carbon emissions, said Ashish Rakheja, Chairman, ACREX India 2014.
ACREX India has grown rapidly over the last few years, and this years expo focuses a lot on International participation. Besides participation from more than 25 different countries including Belgium, Czech Republic, Egypt, France, Italy, Japan, Malaysia, Saudi Arabia, Singapore, Spain, Switzerland, Taiwan, The Netherland, UK, UAE and Ukraine, the expo hosts country pavilions from USA, Germany, Korea, Italy and China. With more than 400 companies exhibiting at the expo, industry-leading companies like Kirloskar, United Technologies, Carrier, Blue Star, Daikin, Mitsubishi Electric, Intertek, Danfoss, LG, VK Building Services and Blue Star are displaying their latest innovations and technologies at ACREX India 2014.
Giving an insight into the industry, Dipak Barma, President, ISHRAE, said, "The Indian heating, ventilation and air conditioning (HVAC) market is expected to grow by 30 per cent to over Rs 20,000 crore over the next two years, mainly due to an acceleration in activity in the infrastructure and the real estate sectors. Between 2005 and 2010 the HVAC sector has grown to be a 10,000 crore industry, and has already notched up numbers currently, in the region of Rs. 15,000 crore."
"As sectors like retail, hospitality, health-care and commercial services or special economic zones (SEZs), all require HVAC systems, the HVAC market is expected to grow by 15-20 per cent year-on-year, he added.