Transparency Market Research report outlines market values
August 15, 2016
The global market for air conditioning systems was valued at $104.4 billion in 2015 and is projected to reach $167 billion by the end of 2024, expanding at a 5.1 percent compound annual growth rate (CAGR) from 2016 to 2024.
Nationwide, this summer has been one of the hottest in recorded history. Per the National Oceanic and Atmospheric Administration (NOAA), the June temperature for the contiguous U.S. was 71.8°F, or 3.3° above the 20th century average. The busy summer season has seen its fair share of ups and downs so far, but overall, HVACR distribution is in a good place.
The term radiant heating makes most people think about warm floors. Although it’s true there are many excellent applications for radiant floor heating, it’s not the only type of radiant panel that can deliver excellent comfort.
While transformation in buildings has been brewing for decades, the new goals of policy — in the U.S. and around the world — will require much more coherence from every corner of the HVAC industry. A group of more than 40 industry leaders met with that goal in mind at Danfoss’s 26th EnVisioneering Symposium — Tomorrow’s Buildings: New Driving Forces — June 7 in Washington, District of Columbia.
Utility incentives discussed to accelerate adoption of natural refrigerant technologies
August 15, 2016
Utilities representatives and supermarket end-users recently met to develop solutions for incentivizing the use of natural refrigerants in supermarkets and convenience stores. More than 35 participants came together on Aug. 4, at the National Grid corporate offices in Waltham, Massachusetts.
The two-day event, which focused on helping dealers strengthen and grow their businesses, featured presentations on WaterFurnace products, marketing tools, training, financing, and more. Attendees also heard updates from the Geothermal Exchange Organization (GEO) and the International Ground Source Heat Pump Association (IGSHPA) regarding the geothermal tax credits.
Homeowners who have comfort problems often call HVAC contractors. There is a lot of opportunity here, though the road to success is crowded with barriers. But having a way to truly verify the operation of HVAC installations will overcome many of those barriers.
It takes a village to keep data safe, with manufacturers, contractors, and consumers all playing a role. But there is no question that manufacturers will continue to take the lead in cybersecurity, designing products that help keep customers safe and secure.
The new rule raises the salary threshold for overtime eligibility from $455 per week, or $23,660 per year, to $913 per week, or $47,476 per year. As a result, more than 4.2 million salaried workers across the country will now be eligible for overtime pay. Employers have until Dec. 1, when the rule becomes effective, to prepare for the changes.