The price increase reflects economic factors such as rising material costs, as well as market dynamics. The company makes products at competitive prices, maintaining quality and using innovative technology.
UTC Climate, Controls & Security, which manufactures products under the Carrier, Bryant, Payne, and ICP brand names, has announced a price increase of up to 5 percent on residential and commercial HVAC equipment.
Lennox Industries Inc. announced it will increase prices from 3 to 4 percent on select residential and commercial equipment, accessories, and parts effective Jan. 1, 2016 due in part to the increased costs of regulatory compliance.
Trane Commercial Heating, Ventilation and Air Conditioning (HVAC) North America, a strategic business unit of Ingersoll Rand, has announced a price increase of 1 to 3 percent on select commercial HVAC equipment.