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.
Based on survey results, most respondents expect their sales to grow in the coming year
December 22, 2016
According to an AHR Expo and ASHRAE Journal survey sent to more than 1,400 HVACR manufacturers worldwide, there is growing optimism for improving economic prospects in 2017. Based on survey results, 86 percent of the respondents expect their sales to grow in the coming year.
"In 2015, women comprised 57 percent of the national labor force, according to the DOL; however, only 1.7 percent of the total employed heating, air conditioning, and refrigeration installers and technicians were women. Women represent an untapped resource for the HVACR industry."