HVAC industry to grow by 10-12%

June 25, 2013 1:32 pm

HVAC industry has a huge potential because after a  phase of slowdown, economy is expected to grow and lot of investments will come in infra and commercial space development, feels M. P. Agarwal, Vice President and Business Head, System Air Conditioners, LG Electronics India
HVAC industry is doing reasonably well since air conditioning has become a necessity for the comfort and other applications. In an exclusive interview, M. P. Agarwal talks about the horizons of the HVAC industry and LG’s 4th-generation product.
What are the different products you offer?We have a flagship product called “Multi V”, which is based on variable refrigerant flow system. We are now offering 4th-generation Multi V-IV. It is the most energy-efficient product in its category and the industry. Our complete range of Multi V includes Multi V space which is best suited for high-rise apartments, Multi V with AHU for large commercial spaces, and Multi V with water application.
Other than the comprehensive range of Multi V, LG also offers many quality and innovative products like cassettes, ductable units and roof top units etc.
Could you brief us more about the newly launched Multi V?LG’s newly launched Multi V is the 4th-generation system which is full inverter technology. The unique feature of this product is its COP (4.78) and active oil and refrigerant control system, ensuring high reliability. This system is ideally suitable for residential, hotels, offices and various commercial applications.
How do you see the potential of this industry?HVAC industry sustains on investment in infra projects, new commercial space development and premium housing segment. After a slowdown, Indian economy is poised for growth, and we expect lots of investment in infra and commercial space development. Every player is looking forward to premium residential sector.
What percentage of growth are you expecting this year?I would say that HVAC industry should grow by 10-12 per cent. LG will definitely surpass the industry growth by a sizeable margin.

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