Rising demand from Asia-Pacific to drive evolution
December 23, 2016
The overall value of the global HVAC equipment market was at $91.3 billion in 2013, according to a report by Transparency Market Research. Rising at a positive compound annual growth rate (CAGR) of 6.2 percent between 2014 and 2022, the market is anticipated to reach $155.1 billion by the end of the forecast period.
The merger will strengthen competitiveness in Mitsubishi Electric’s HVAC business
December 23, 2016
Mitsubishi Electric Corp. announced that Climaveneta S.p.A. and RC Group S.p.A., which are wholly owned subsidiaries of MELCO Hydronics & IT Cooling S.p.A., will merge and begin doing business as Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. on Jan. 1, 2017.
Based on survey results, most respondents expect their sales to grow in the coming year
December 22, 2016
According to an AHR Expo and ASHRAE Journal survey sent to more than 1,400 HVACR manufacturers worldwide, there is growing optimism for improving economic prospects in 2017. Based on survey results, 86 percent of the respondents expect their sales to grow in the coming year.
Big plant operators and private operators are predicted to start manufacturing DHC systems
December 20, 2016
To gauge the competitive dynamics in the global district heating and cooling (DHC) market, the DHC system manufacturers, project contractors, and plant operators in the supply chain will have to be factored in, states a report by Transparency Market Research.
"In 2015, women comprised 57 percent of the national labor force, according to the DOL; however, only 1.7 percent of the total employed heating, air conditioning, and refrigeration installers and technicians were women. Women represent an untapped resource for the HVACR industry."
Contractors can create a safety and health program using a number of simple steps that include training workers on how to identify and control hazards, inspecting the job site with workers to identify the problems with equipment and materials, and developing responses to possible emergency scenarios in advance.
Government regulations encourage the installation of efficient HVAC insulation.
December 19, 2016
The global HVAC insulation market is forecast to grow at a compound annual growth rate (CAGR) of over 7 percent from 2016 to 2020, according to a report by Technavio. The research study covers the present scenario and growth prospects of the global HVAC insulation market.