It’s nice to be the hero, but, just as medicine is transforming from an expensive and reactionary model to a predictive and cost-effective one, so will HVAC. The result will be fewer high-margin jobs in the wake of catastrophes but more low-margin, predictive tuneups.
Report segments the market into four broad categories
March 24, 2016
The global split air conditioning market is expected to exceed 104 billion tons by 2020, increasing at a compound annual growth rate (CAGR) of over 6 percent during the forecast period, according to the latest market research study released by Technavio.
Now in its sixth year, the ranking examined the total institutional and commercial square footage of LEED-certified space per resident certified throughout 2015, based on U.S. Census data. Illinois retained its top national position for the third year in a row, with 161 LEED certifications representing 3.43 square feet of certified space per resident.
Includes increased construction activities, growing replacement demand
March 21, 2016
The global HVAC market is forecast to post a compound annual growth rate (CAGR) of close to 7 percent by 2020, according to the latest report from Technavio. The research study covers the present scenario and growth prospects of the HVAC market from 2016 to 2020.
Executive Order EO13706 would require federal prime contractors and subcontractors to permit workers employed on covered federal contracts and subcontracts of $2,000 or more to accrue one hour of paid sick leave for every 30 hours worked. The Notice of Proposed Rulemaking (NOPR) was published in the Federal Register on Feb. 25.
HVAC industry professionals converged March 10-13 in Charlotte, North Carolina, for the return of the ACCA 2016 conference and IE3 Expo: The Indoor Environment & Energy Expo. The combined events drew more than 1,500 people from all over the country.
The market is being driven by rising HVACR deployments, increasing power-generation capacity, and technological advances in cooling towers. Asia-Pacific is expected to witness strong growth in the next five years. The demand across the region is reinforced by the emerging markets, namely China and India.
ABM Industries Inc. announced that Landis Mechanical Group Inc. has signed a franchise agreement to join its Linc Service franchise network. Landis Mechanical Group is a leading provider of mechanical contracting services in Leesport, Pennsylvania.
HVAC contractors seem to be feeling cautiously optimistic about short-term growth, at least according to ACCA, whose Contractor Comfort Index (CCI) scored a 76 in January 2016. But, there is still concern about the U.S. economy and conditions around the world, in general.
The hot ticket at the recent Air-Conditioning, Heating, and Refrigeration (AHR) Expo was a seat at Building Services Research and Information Association’s (BSRIA’s) presentation on global HVAC trends.