Driven by rising growth of the construction industry coupled with increasing demand for HVAC systems
July 12, 2016
The global HVAC insulation market is forecast to grow from $3.30 billion in 2015 to $5.29 billion by 2021, increasing at a compound annual growth rate (CAGR) of 8.20 percent, according to a new report published by MarketsandMarkets.
Advancements in technology have extended the life cycle of virtually every product in the industry while at the same time are creating a need to replace equipment more frequently in order to take advantage of the most efficient offerings in the marketplace.
While there are pros and cons to offering extended warranties, most contractors agree offering this added assurance differentiates themselves from their competition and makes them that much more valuable to customers.
And, when it’s time to hit the books, HVAC distributors can be a great resource, as many offer specific product training from their vendors as well as general HVAC skills, troubleshooting, and even some business management courses for their contractor dealers.
Once largely dismissed by the education community, there is no doubt that online learning is becoming more mainstream across the U.S. To meet the growing demand for online training, many organizations have been expanding their online training libraries.
I was thinking about how we’ve grown so used to central heating and, with the exception of an occasional cleaning, pretty much ignore our boilers and heating systems when the weather gets hot and sticky. I wondered if it had always been this way...
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.
Credit provides 25 percent up to $5,000 for GHP installations
July 11, 2016
Geothermal heat energy is part of Assembly Bill 10342 — the New York State Climate & Community Protection Act, which would cut greenhouse gases by 100 percent by 2050 with an interim goal of 50 percent by 2030. The legislation promotes renewable energy, including GHPs.
Company offers home maintenance and repair services, including HVAC, plumbing, and electrical
July 7, 2016
The Wrench Group announced that Ken Haines has been selected to lead the company and will assume the role of chief executive officer. Haines was formerly the president and CEO of Atlanta’s Coolray Companies, one of Wrench’s four regional brands. The company will be headquartered in Marietta, Georgia.
Purchase price represents a premium of approximately 38 percent to Nortek’s closing price on July 5
July 7, 2016
Nortek Inc., a global diversified company whose offerings include heating and cooling products, ventilation products, and more, announced that it has signed an agreement and plan of merger with Melrose Industries PLC, a UK listed public company, to be acquired by Melrose for $86 per share in cash.