The market for HVAC equipment is highly mature and is expected to exhibit modest growth
May 2, 2016
The global HVAC equipment market is expected to expand at a compound annual growth rate (CAGR) of 5.6 percent from 2015 to 2022, exceeding $125 billion by 2022, according to a new market report published by Credence Research Inc.
The global heat exchangers market was valued at $14.1 billion in 2014, and it is forecast to grow at a compound annual growth rate (CAGR) of 6.5 percent from 2015 to 2020, according to a report from P&S Market Research.
Demand for energy-efficient systems produces gains
January 11, 2016
Analysis from Frost & Sullivan finds that the global HVAC equipment market earned revenues of $80.67 billion in 2014 and estimates this to reach $108.93 billion in 2020, despite the market’s maturity. The study covers unitary equipment, applied equipment, chillers, heat pumps, and ductless systems.
Dr. Joost Brasz, aero thermal manager, Danfoss Turbocor Compressors, passed away Sept. 2 at the age of 70. Dr. Brasz was recognized by the HVAC industry and the academic community as a leader and expert aerodynamic engineer in turbomachinery and centrifugal compressor technology.
Next generation of HVAC professionals will lead the industry into the future
August 17, 2015
The NEWS wanted to highlight these individuals with a list of 40 HVAC professionals under 40 years of age who are accomplishing great things in their respective positions. The members of this list all work hard, think about the big picture, and have the ability to challenge the way things have always been done.
New Solutions Are Expected to Offer Significant Energy and Cost Savings
May 4, 2015
The U.S. Department of Energy (DOE) has announced nearly $8 million in funding to advance research and development of next-generation HVAC technologies for buildings. With air conditioning using large and growing amounts of energy, these new solutions are expected to offer significant energy and cost savings in new and existing buildings.
Manufacturer Becomes Third Company in Its Michigan Prosperity Fund
March 31, 2014
Blackford Capital has announced the acquisition of Grand Haven, Mich.-based Grand Transformers Inc. (GTI), a designer and manufacturer of transformers and inductive components serving the adjustable speed drives, HVAC, energy/renewables, and other industries.