Study Forecasts 2019 and 2024 by Fuel Type, Equipment Type, and Market
May 4, 2015
The demand for HVAC equipment in the U.S. is forecast to increase 6.8 percent annually through 2019 to $20.4 billion, recording gains at about twice the rate of the 2009-2014 period, according to a new study released in March by The Freedonia Group.
Bosch Thermotechnology’s Greenstar gas condensing boiler for residential applications is now available in a floor standing version for all eight regular (heat) and combi (heat+hot water) models: regular heat only models 57, 79, 100, 131, 151 MBtuh inputs and combi heat+hot water 100, 131, 151 MBtuh inputs.
With year-after-year double-digit growth and a projected compound annual growth rate (CAGR) of more than 14 percent between 2013 and 2020, opportunities in the ductless market are sprouting like May flowers.
While many contractors are struggling to attract and keep qualified employees, others are reporting great success by offering competitive pay and benefits packages, including plentiful retirement plans.
While new HVAC technologies offer a wealth of contracting opportunities, technicians are challenged to learn new terminologies, methodologies, design techniques, installation best practices, and service and maintenance skills before presenting the equipment in the field.
Family-owned and operated, Hercules Industries’ board of directors is comprised of siblings Paul, James, and William Newland, and Christine Ketterhagen. The company was founded in Denver in 1962 as a manufacturer and wholesale distributor of HVAC sheet metal products and equipment.