|Visitors at the 2019 HVACR Vietnam, an international exhibition on heating, ventilation, air-conditioning, air filtration & purification and refrigeration systems. VNS Photo Thu Hang
The 13th international exhibition on heating, ventilation, air-conditioning, air filtration and purification, and refrigeration systems (HVACR Vietnam 2019) is also showcasing energy-saving and renewable energy systems, heat pumps, fans and ventilators, refrigeration and air-conditioning equipment, and HVACR green products.
Attending are companies from Germany, Japan, Korea, China, Malaysia, Singapore, Thailand, Turkey, the UK, the US, Vietnam, and others.
Some prominent exhibitors include AAF Manufacturing Sdn Bhd, Ayvaz, Formtek, Superlon, Ginice Co., Ltd, and Johnson Controls – Hitachi Air Conditioning Vietnam.
A series of seminars on themes like green buildings and smart technologies, industry insights and innovation and the future of energy efficiency in Vietnam are set to be held.
This year the expo is backed by buoyant industry sentiment as the HVACR industry in the country continues to be fuelled by rising demand, Ian Roberts, executive regional director (ASEAN) for Informa, the event organiser, said.
“In Vietnam, there continues to be Government-funded infrastructure development projects, expansion in the tourism industry, increases in construction activities in hospitality, and increases in investments in industrial and commercial sectors.”
The Vietnamese air-conditioner market is predicted to grow at 14.6 per cent a year until 2021, according to a study by TechSci Research.
International manufacturers are expanding operations in Vietnam.
Water heater manufacturer Ariston Thermo Vietnam announced plans to continue its long -term investment in the country, introduce energy-saving devices, and step up investment in research to develop new products.
According to Navigant Research, the global HVACR systems market is expected to grow to US$265.2 billion by 2024.
By 2023 the Southeast Asian market is forecast to reach $13.6 billion.
Roberts listed the factors behind the growth of the global HVACR market like rising temperatures due to global warming and the global boom in construction.
Asia’s hot and humid climate, along with strong economic development, has driven the demand for HVACR products, making it one of the strongest markets in the world.
And because of global warming, governments and societies are calling for the construction of green buildings and energy-efficient HVACR solutions.
As a result, HVACR products are now moving towards integration with new technologies such as IoT sensors, remote control systems and hybrid HVACR units.
This shift has created new business opportunities for the industry.
The exhibition, organised at the Phu Tho Stadium by Informa Exhibitions and Vietnam Trade Fair & Advertising Joint Stock Company (VINEXAD), will go on until March 27.