Central air conditioning (CAC) systems and direct expansion (DX) central air conditioning systems are projected to witness 6.7 percent growth in unit shipments and 7.2 percent in shipments value during the 2017-2022 analysis period.
The demand for unitary air conditioners is forecast to expand at a 4.9 percent yearly rate through 2021 reaching $11.0 billion and continuing to outperform air conditioning equipment sales as a whole. The replacement of units that have reached the end of their operational lives will remain the primary driver of sales.
According to a new market research report, "The Thermal Energy Storage Market, By Technology, Storage Material, Application, End-User, and Region - Global Forecast To 2022," published by MarketsandMarkets, the market is expected to grow from an estimated $3.67 billion in 2017 to $6.20 billion by 2022, registering a compound annual growth rate (CAGR) of 11 percent from 2017 to 2022.
The total global market will be worth $29.8 billion by 2021
March 30, 2017
The Building Services Research and Information Association (BSRIA) is forecasting a total global growth of 20 percent in the smart home/light commercial market in 2017, with the largest growth being predicted for the UK market with a growth rate of 29 percent. The new study published in January 2017 segments the market into stand-alone products and whole home products; it also analyzes the value of system integration (value add) and service and maintenance.
At the 2012 Air Conditioning Contractors of America (ACCA) annual conference, attendees had the opportunity to hear top executives from five major industry manufacturers discuss some of the hottest topics in HVAC. Some of the topics included regional standards, dry-charged unit sales, the R-22 price spike, and more.
According to the latest outlook from the National Association for Business Economics (NABE), economists are predicting moderate growth, a brightening employment picture, and an increase in housing starts in 2012.