According to market research and industry forecasting data, the Australian HVAC (Heating, Ventilation and Air Conditioning) sector is poised for significant growth, driven by increasing consumer demand for comfort and a growing focus on energy-efficient systems.
Driving Forces Behind Growth
- rising adoption of HVAC systems in residential applications, spurred by a high population density and increasing industrial production. Additionally, the construction and real estate industry is witnessing a surge, further driving demand for HVAC systems.
- escalating climatic extremities have led to an increased adoption of commercial heating, ventilation and air conditioning systems, particularly in sectors like the food and beverage industry.
- technological advancements such as IoT (Internet of Things), automated control systems, and remote access are also contributing to market expansion. These advancements not only enhance efficiency but also align with the growing trend towards smart, connected homes and buildings.
- the heightened emphasis on energy-efficient systems and increased investments in the infrastructure industry, which constitutes 20% of Australia’s GDP, are expected to further propel market growth. The 2021 Australian Infrastructure Plan, focusing on sustainability and energy efficiency until 2036, is set to revolutionise the country’s infrastructure landscape and boost demand.
The Australia HVAC market is experiencing a period of robust growth, driven by various factors including technological advancements, legislative changes, and a booming construction sector. With a strong emphasis on energy efficiency and sustainability, Equilibrium Air Conditioning are proud to be at the forefront of growth, enhancement and innovation.
For your commercial air conditioning projects – engineering, design & construct, service & facility management – contact our experienced team – we work with the biggest and offer the best.