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With an increasing number of new hotels, restaurants, and cafes opening around the world as a result of rapid expansion of the global tourism industry, the global market for HVAC and Refrigeration (HVACR) systems is expected to see a significant increase in valuation in the coming years. Aside from that, the increasing implementation of norms and rules for the regulation of food safety and quality is expected to boost HVACR system adoption in the near future.
Worthy of mention, the indoor farming business is booming, and more growers and farmers are looking for new ways to grow their plants all year round with high quality and maximize yields. The grow room HVAC systems are well-suited for these types of operations due to their ability to provide precise temperature and humidity control, energy efficiency, and customization. So, the systems are designed to offer a range of benefits to growers.
The HVACR systems market was expected to grow at a CAGR of 5.50% from 2016 to 2021, rising from US$81.1 billion in 2015 to US$130.7 billion by the end of the forecasted period. In terms of volume, the market was expected to grow at an 8.0% CAGR during the same forecasted period, driven by rising demand for refrigeration equipment among cold storage and food processing end users as a result of the rising consumption of processed food and beverages.
Geographically, the market for HVAC systems spans North America, South America, the Middle East, Africa, Europe, and Asia Pacific. Because of the robust tourism industry, Asia Pacific has emerged as the leading contributor to the demand for HVAC systems. The regional market is also expected to maintain its leadership position during the forecasted period.
Although the global HVAC systems market is extremely fragmented, with only a few companies being able to establish themselves as market leaders. One such leader at the forefront of the HVAC industry is Altaqua, a Chinese manufacturer of HVAC and refrigeration equipment that was founded in 2008. The company’s headquarters are in Foshan City, Guangdong Province, China, and it was listed in the Guangdong Equity Exchange in 2016 under the stock symbol 220110.
Huachun Ke established Altaqua with Alto Refrigeration Manufacturing Co., Limited, a manufacturer of HVAC systems and refrigeration equipment based in Guangdong, China, being the brand owner. The company manufactures commercial, industrial, and agricultural products, and is well-known for producing high-quality and advanced chillers, grow room HVAC systems, heat pumps, and dehumidifiers. Intertek, a British multinational product testing, inspection, assurance, and certification company, has issued an Electrical Testing Laboratory (ETL) certification for the company’s products. Furthermore, Altaqua has implemented and acquired the ISO9001:2015 Quality Management Systems (QMS), which is the global standard that specifies the requirements for a quality management system.
It is a government-certified high-tech enterprise with 81 patents and a company listed on the Guangdong Equity Exchange. Altaqua strives for excellence in three areas: quality products, precision engineering, and dependable service, with a team of competent professionals who enable the company to supply customized products, project overall solutions, and one-stop purchase services to customers in over 70 countries.
Since 2018, Altaqua has used professional technology and mature production capability to manufacture the grow room HVAC system. It has a capacity range of 6 to 65 ones and provides the most cost-effective scalable performance. Based on its experience with each application, the company’s engineers completely develop intelligent control logic with Siemens PLC controller. To ensure the best insulation, they use a galvanized double-layer cabinet with 30mm polyester filling, and a corrosion-free hydrophilic aluminum air heat exchanger to spread the condensate on the fins quickly for better heat transfer. Their EC fan motors aid in achieving a wide range of latent and sensible capacity with varying loads from the greenhouse and grow room. All of Altaqua’s grow HVAC systems are fully operational and tested before shipment to ensure they are in perfect working order. A variety of safeguards are in place to ensure the product’s long-term stability, including high- and low-pressure protection, phase protection, overload protection, compressor auto-protection, fan motor auto-protection, etc.
As technology advances, HVAC may become even more useful and versatile in the future, and companies like Altaqua are the ones which can facilitate the world by providing top-notch quality refrigeration machinery and HVAC systems.
