Residential momentum continues, commercial is stable
July 11, 2016
The U.S. residential HVAC market is forecast to see significant growth due to lower unemployment and gas prices, coupled with higher consumer confidence and pent-up demand. The commercial HVAC market is expected to see more steady growth.
The latest report from HARDI shows that average sales for HARDI distributor members increased by 8.2 percent in December 2015, but annualized growth for all of 2015 registered a bit lower at 5.7 percent. This compares to the 6.1 percent gain in 2014, the second consecutive year of slower growth since a 7.3 percent increase was reported in 2013.
Sales of HVAC equipment were somewhat flat in 2015, according to AHRI, which reported year-to-date combined U.S. shipments of central air conditioners and air-source heat pumps decreased by 0.6 percent, and shipments of gas warm air furnaces increased 2.9 percent.
Recovering industry growth in the U.S. is counterbalanced by declines in China and stagnation in Europe
August 11, 2015
A new report that analyzes the global market for seven energy-efficient technologies for commercial HVAC is available from Navigant Research. HVAC accounts for nearly 40 percent of total global building energy consumption, while commercial buildings consume about 12 percent of the world’s energy supply, notes Navigant.
Stars are aligning for the residential HVAC market, while the commercial market is seeing a steady recovery
August 10, 2015
The global HVAC equipment market is positioned for another year of above-average growth, with the fundamentals in place for the United States that are the best in over 10 years, according to a report from Chisult Insight Co. Ltd.
The Transformation the HVAC Business Is Experiencing Will Open the Door to New Vendors
January 12, 2015
The global commercial and residential HVAC systems market is forecast to grow from $75.4 billion in 2014 to $116.6 billion in 2019, registering a five-year compound annual growth rate (CAGR) of 9.1 percent, according to a new report from BCC Research.
Turbocor began as a research and development company in 1993 in Australia before moving to Montreal in 1999. In 2004, Danfoss formed a 50-50 venture called Danfoss Turbocor. The company has since relocated its headquarters to Tallahassee, Fla.
Not even a devastating earthquake and tsunami could keep two of the world’s leading HVACR companies from completing an acquisition this November. That is why The NEWS has chosen Takeshi Ebisu of Daikin Industries Ltd. and Dave Swift of Goodman Global Group Inc. as 2012 NEWSmakers.
While nonresidential construction spending has increased somewhat over the last year, current indicators show that this market is still not robust. Geothermal heat pump (GHP) systems seem to be bucking this trend, though, as most manufacturers state that sales of commercial equipment are increasing.