Market: Copeland Commences on Rs.500cr Investment

Copeland, a leader in sustainable climate solutions headquartered in St. Louis, Missouri, has announced its strategic decision to launch a state-of-the-art Engineering and Technology Centre in Pune. This initiative forms a crucial part of the company’s expansive Rs.500 crore investment plan in India.

The development of the high-tech facility in Pune aims to boost Copeland’s global innovation footprint by drawing on India’s rich reservoir of STEM talent. This move reflects India’s burgeoning status as an innovation hub on the world stage. The new centre will reinforce the company’s innovation ecosystem, joining Copeland’s network of cutting-edge engineering labs spread across nine countries. This network aims to augment its engineering, research, and development (R&D) capabilities both locally and globally.

With a sprawling area surpassing 15,000 square meters, this facility serves as home to over 320 specialists in engineering, R&D, and software and firmware development. The centre is poised to accelerate tailor-made innovations and product creation within India, simultaneously taking advantage of its close proximity to Copeland’s clientele. This strategic advantage allows Copeland to anticipate shifting market needs, delivering forward-thinking sustainable solutions.

“India has been an integral part of Copeland’s journey over the past three decades. Our current investment strategy, encompassing the new cutting-edge Pune Engineering and Technology Centre and the ongoing expansion of our Atit-based manufacturing operations, reaffirms our commitment to India’s market,” emphasized Copeland’s Chief Executive Officer.

Over 15% of Copeland’s global engineering workforce is stationed in India. These professionals play a crucial role in devising technologies and products with a sustainability focus, catering to both local and international demands. As the global appetite for sustainable solutions escalates, this new centre in Pune will prioritize advancing energy-efficient and low-GWP as well as natural refrigerant technologies catering to the HVAC and Refrigeration industry worldwide.

“Innovation runs in Copeland’s veins. Our new Pune Technology and Engineering Centre propels our mission to address some of the world’s toughest climate issues,” stated Copeland’s Chief Technology Officer.

Copeland continues its legacy as an industry leader, steadfast in its commitment to facilitate regulatory compliance and global sustainability objectives. This investment sharpens Copeland’s commitment to catalyze innovation, aiding clients to align with net-zero targets and sparking significant change.

India’s demand for progressive cooling technologies in rapidly expanding sectors such as data centres and the HVAC market underscores the urgency of Copeland’s commitment. Considering that data centre growth is anticipated to exceed an 8% CAGR by 2026, with cooling systems accounting for up to half of their energy consumption, Copeland is pioneering energy-efficient solutions specifically designed for these requirements.

In addition to data centres, the HVAC market anticipates reaching a valuation of US$30 billion by 2030, driven by urbanization, green initiatives, and aftermarket services. The establishment in Pune further empowers Copeland to deliver innovative, sustainable cooling technologies, seamlessly integrating with the company’s global R&D to meet surging energy efficiency needs worldwide.

The Copeland Engineering and Technology Centre will also act as a catalyst for India’s need for innovative and sustainable heating, cooling, cold chain, and industrial solutions to enable sustainability. On a global scale, Copeland’s R&D focus spans technology and new product development in areas such as compression, sound and vibration engineering, electronics, power electronics, software, and controls. By aiding decarbonization and advancing energy management systems, Copeland is at the forefront of reducing reliance on electrical grids and promoting the shift to renewable energy sources.

With a sprawling network of over 18,000 specialists in more than 40 countries, Copeland is uniquely positioned to assist clients globally, addressing challenges swiftly and at a scalable level. Renowned for its industry-leading brands and diversified product portfolio, Copeland continues to deliver innovations that have stood the test of time, evidenced by over 200 million successful installations worldwide.