High Growth of Chinese Building Industry Spur Demand for Heating Ventilation Air-conditioning Control Products
Beijing, China .– The Chinese heating ventilation and air-conditioning (HVAC) control products market is in the fast lane, all thanks to high growth of Chinese building industry, driven by the booming Chinese economy and continued urbanization, especially in tier-two and tier-three cities, as they prepare for the Beijing Olympics and the Shanghai World expo. Moreover, the Government’s efforts to implement energy-saving programs are driving demand for these system installations.
New analysis from Frost & Sullivan (http://www.buildingmanagementtechnologies.frost.com), Chinese Heating Ventilation Air-Conditioning (HVAC) Control Products Markets, finds that the market earned revenues of $300.0 million in 2006 and estimates this to reach $803.9 million in 2013.
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Driven by the high growth of fixed investment, the Chinese construction industry has achieved consistent growth to become the third largest in the world after the United States and Japan.
“Although the Chinese building industry can slow down in the future due to a few measures taken by the Government to curb the overwhelming increase of fixed investment since 2004, it is still likely to grow steadily in the next three years, spurring the HVAC control products in China,” explains Frost & Sullivan Consulting Analyst Alex Zhao.
HVAC equipment play an important role in maintaining environmental comfort as well as building energy efficiency and for this reason, the HVAC control system is a core part of the building automation system (BAS). The system creates an intelligent building by reducing energy and maintenance costs, while creating a comfortable lifestyle for the occupants.
However, builders’ narrow focus on costs suppresses a few benefits of BAS. Since manufacturers and system integrators have to complete the whole system within the stipulated budget, they eliminate a few critical function units in BAS, rendering the system less effective.
In addition, builders refuse to invest on service and maintenance, as they focus mainly on short-term benefits. This reduces the longevity of certain BAS components.
“Market participants need to promote the focus on indoor air quality (IAQ) and energy-saving awareness among potential customers,” notes Zhao. “During this course of promotion, energy-saving incentive policies endorsed by the Chinese Government are expected to play an important role.”
These policies include tax exemptions and incentive payments for the purchase of energy-efficient equipment and penalties for failure to install them. These steps taken by the Chinese Government are likely to increase awareness on the importance of energy conservation and drive new BAS installations and sale of HVAC control products.
Chinese Heating Ventilation Air-Conditioning (HVAC) Control Products Markets is part of the Building Management Technologies Growth Partnership Service program. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews are available to the press.
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