Rising demand from Asia-Pacific to drive evolution
December 23, 2016
The overall value of the global HVAC equipment market was at $91.3 billion in 2013, according to a report by Transparency Market Research. Rising at a positive compound annual growth rate (CAGR) of 6.2 percent between 2014 and 2022, the market is anticipated to reach $155.1 billion by the end of the forecast period.
Mechanical Sales will provide DriSteem’s full line of systems
December 16, 2016
DriSteem, a manufacturer of humidification, evaporative cooling, and water treatment systems, has announced Mechanical Sales Inc. as the new sales representative firm for DriSteem products in South Dakota.
Emerson today announced leadership changes that the company said are designed to support its continued focus on developing innovative solutions to deliver comfort in the residential and commercial HVAC markets.
Residential momentum continues, commercial is stable
July 11, 2016
The U.S. residential HVAC market is forecast to see significant growth due to lower unemployment and gas prices, coupled with higher consumer confidence and pent-up demand. The commercial HVAC market is expected to see more steady growth.
The latest report from HARDI shows that average sales for HARDI distributor members increased by 8.2 percent in December 2015, but annualized growth for all of 2015 registered a bit lower at 5.7 percent. This compares to the 6.1 percent gain in 2014, the second consecutive year of slower growth since a 7.3 percent increase was reported in 2013.
Sales of HVAC equipment were somewhat flat in 2015, according to AHRI, which reported year-to-date combined U.S. shipments of central air conditioners and air-source heat pumps decreased by 0.6 percent, and shipments of gas warm air furnaces increased 2.9 percent.
Recovering industry growth in the U.S. is counterbalanced by declines in China and stagnation in Europe
August 11, 2015
A new report that analyzes the global market for seven energy-efficient technologies for commercial HVAC is available from Navigant Research. HVAC accounts for nearly 40 percent of total global building energy consumption, while commercial buildings consume about 12 percent of the world’s energy supply, notes Navigant.
Stars are aligning for the residential HVAC market, while the commercial market is seeing a steady recovery
August 10, 2015
The global HVAC equipment market is positioned for another year of above-average growth, with the fundamentals in place for the United States that are the best in over 10 years, according to a report from Chisult Insight Co. Ltd.