The energy management industry has witnessed a massive transformation over the past five years, owing to the increasing demand for HVAC systems in commercial, residential and industrial sector. Earlier, the industry was driven by resources, however it is now driven majorly by technology and innovation. Rising population and energy demand, along with the increase in greenhouse gas emission, has resulted in the growing concerns to enhance energy efficiency and energy conservation.
With the rapid implementation of energy management systems, the commercial, industrial, and residential end users are able to conserve energy with the help of functions of energy management system such as heating, ventilation, and air conditioning (HVAC) and lighting systems. The demand for HVAC products across the ANZ region are expected to remain high from commercial, residential, and industrial sector.
The demand for HVAC products in ANZ is majorly driven by the increasing population, and the increasing number of residential and commercial projects in the region. Several initiatives undertaken by the local government, and emerging trend of green/smart buildings are forcing HVAC manufacturers and suppliers to launch energy efficient and technologically advanced HVAC units for commercial, residential, institutional and industrial sectors. Many leading global companies dealing with HVAC products are expanding their business across Australia and New Zealand, by increasing their distribution outlets across the region and launching products which are specifically designed as per the local environment.
The rising incorporation of HVAC systems in a plenty of end-use applications such as building sector across Australia and New Zealand has affected the industry dynamics in both the countries. During the transition from orthodox industrial practices to the new manufacturing processes, it was realized that industries lacked the innovation to control temperatures during extreme climate change. This paved the way for the widespread adoption of HVAC systems in application areas such as residential, commercial, and industrial, among others. HVAC systems have evolved as an integral part of various residential and commercial sectors such as food and hospitality, and large institutional buildings, among others.
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HVAC is a mechanical system which provides comfort and improves the air quality of a confined space. The HVAC system controls the air temperature and humidity, provides fresh air intake and maintains the air quality across residential, commercial and industrial spaces. Heating equipment in an HVAC system is an important part which is used to set a temperature to render pleasant environment to the occupants. Ventilation process removes the unpleasant smell and excessive moisture from the air in an indoor space and provides an inlet to fresh air. Cooling systems on the other hand are used to lower the temperature, for proper distribution of air and for the control of humidification in a space. The HVAC has penetrated the commercial and industrial sectors to a greater degree and constantly rising populations in both the countries has resulted in a rise in demand for air conditioning equipment from residentials as well.
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