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.
Asia-Pacific is currently the largest market; U.S. is the largest market in North America
February 16, 2016
The global shell and tube heat exchangers market is forecast to grow from $5.29 billion in 2015 to $7.05 billion by 2020, at a compound annual growth rate (CAGR) of 4.98 percent, according to a new report published by MarketsandMarkets.
The New York City Council voted unanimously to pass a bill that encourages the installation of geothermal energy and requires that geothermal heat pumps be considered for all new construction and retrofits of city-owned buildings.