Market news, 13 May 2024
The 6th edition of HVACR Indonesia will be back in Jakarta, Indonesia from 11 to 14 September 2019!
Co-locating with the 19th edition of Electric & Power Indonesia 2019, the event will offer you more networking and business opportunities in one platform.
According to BIS Research’s Southeast Asia Heating Ventilation Air-Conditioning and Refrigeration (HVACR) Market – Analysis and Forecast (2017-2023), the Southeast Asian HVACR market is expected to reach $13.63 billion by 2023. This is primarily fueled by the growth in the construction sector, which has been impacted by the growing interest in environmentally-friendly green buildings, that calls for energy-efficiency smart features. This presents enormous opportunities for market growth in the Southeast Asian HVACR industry, particularly in the Southeast Asia region, where there is potential for greater market expansion.
The demand for temperature regulation has expanded from industries to large commercial buildings and household applications, and the three central functions of heating, ventilating, and air conditioning are inter-related, proving to be a necessity rather than a luxury in most parts of the world, especially in the Southeast Asia region.
Geographically, Indonesia is the largest market in the SEA region, and increased awareness and focus on energy conservation have further contributed to the growth of this market. In terms of the products, split air conditioners attributed for the highest market volume in 2016 and is expected to grow at a decent pace during the forecast period.
The demand is mainly expected to come from increased residential developments which have encouraged consumers to install energy efficient split units in homes, apartments and high/low end buildings.
With 5 successful editions to date, HVACR Indonesia is the ideal platform for international HVACR professionals to harness the opportunities that are available in the Indonesian HVACR market – to launch new products, reach out to buyers, appoint agents and distributors and build brand awareness.
