The geothermal industry is acutely aware that government-issued commercial and residential tax credits are set to expire at the end of 2016. Currently, geothermal heat pumps in commercial applications are eligible for a 10 percent income tax credit, and residential applications may receive up to a 30 percent incentive.
Key drivers include rising population, revival in the housing markets, increases in income levels in emerging markets
February 22, 2016
The global HVAC market is forecast to generate over $68.93 billion in value, at an estimated compound annual growth rate (CAGR) of 4.34 percent, from 2016 to 2022, according to a new report available from Research and Markets.
When it comes to figuring out what the market demands in a boiler, it usually comes down to the highest efficiencies possible along with advances in control technology. Indeed, efficiency and advanced control technologies were on display for most of the boilers introduced at the AHR Expo.
As technology improves, portable equipment manufacturers will continue to work to meet the growing needs of their customers, from those needing small-scale residential solutions all the way up to data centers and factories in need of industrial-grade solutions.
Numerous types of radiant products were on display at the AHR Expo, including heating, cooling, and snow melt systems. And, exhibiting manufacturers were all focused on touting the energy efficiency, sustainability, and safety benefits of their products.
More than half of U.S. commercial building space is cooled by packaged HVAC equipment, according to the U.S. Department of Energy (DOE). Additionally, existing rooftop units consume more than 1.3 percent of the country’s annual energy usage. It’s no surprise the biggest trend driving the rooftop market is efficiency.
This expanded line of hazardous-duty room air conditioners includes ATEX (Atmosphères Explosibles)/IECEx (International Electrotechnical Commission Explosive)-certified models for international customers.