ISHRAE (the Indian Society of Heating, Refrigeration and Air-conditioning Engineers) has announced the 26th edition of ACREX 2016. The event is South Asia’s largest exhibition on Air Conditioning, Ventilation, Refrigerating and Building services and is going to be held at the Bombay Convention and Exhibition Centre (BCEC) in Mumbai from 25th-27th Feb 2016.
Key discussions took place around the theme for ACREX India 2016 “Make in India – Infinite Opportunities for HVAC&R and the Building Services Industry”. Domestic manufacturing will play a pivotal role in promoting, educating and supplying equipment while guiding best practices & will be promoted comprehensively during ACREX 2016.
ISHRAE had estimated the domestic HVAC &R products market in India to be valued at Rs. 15,000 crore, having grown from a Rs 10,000 crore valued industry in 2010. ISHRAE also had stated the Indian HVAC&R market is expected to grow by nearly 30 per cent over the next two years to boast of a capitalization of over Rs. 20,000 crore, which will be mainly due to the buoyed acceleration in infrastructure and real estate activities.
The Finance Ministry in the past has positively indicated the need for increasing warehousing capacity for enhancing shelf life of agriculture products. This will ease funding for developing cold chain infrastructure through a robust public private partnership. The domestic cold chain offers great potential to drive and benefit agricultural, horticultural & dairy production.
Warehousing & cold storage development offers great scope of development through participation of related industries like dairy, horticulture, food & vegetables.
ACREX 2016 will see an increase in global participation by major players. ACREX 2016 will have special designated areas called “country pavilions” to accommodate participants from China, Germany, USA, Korea, and first-time Turkey. Through these pavilions visitors will have an opportunity to witness worldwide trends in residential & commercial spaces, building design & the related product innovations primarily developed around energy conservation & sustainability.
