The global cooling tower market is forecast to grow from $2.34 billion in 2015 to $2.88 billion by 2020, at a compound annual growth rate (CAGR) of 4.2 percent, according to a new report published by MarketsandMarkets.
Aims to swiftly realize synergies with DeLclima and strengthen its commercial HVAC business
March 1, 2016
Mitsubishi Electric Corp., following the acquisition of approximately 74.97 percent of the shares of DeLclima S.p.A. from De’Longhi Industrial S.A. on Dec. 23, 2015, launched a mandatory tender offer to acquire the remaining shares. Consequently, Mitsubishi Electric has completed its acquisition of all the remaining shares.
The mechanical systems contractor offers large-scale and specialty mechanical construction project management, engineering and design-build services, mechanical system service, controls technology, off-site construction, 24/7 servicing, modular fabrication, and virtual building systems (VBS).
Technology is an important aspect of any business that desires long-term existence. The implementation of technology allows both the contractor and supplier to be mobile, connected, more intelligent, and flexible.
HARDI's Annual Conference in December, the organization’s Emerging Leaders program sought to strengthen the HVACR industry by developing the talent of its up-and-coming distributors, manufacturers, and vendors.
The U.S. is the largest revenue-contributing region in the global market
February 26, 2016
The global data center cooling solutions market is forecast to grow at a compound annual growth rate (CAGR) of approximately 12 percent from 2016 to 2020, according to a market research report from Technavio.
Manufacturers showcase new products at 2016 AHR Expo
February 22, 2016
Nearly 61,000 HVAC industry representatives enjoyed sun and reasonable temperatures as the 2016 AHR Expo rolled into Orlando, Florida. Preliminary numbers show that more than 18,254 exhibitor personnel welcomed 42,672 visitors.
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.