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.
Roberts-Gordon Designs and Manufactures Specialty Commercial and Industrial HVAC Equipment
July 17, 2014
The Sterling Group, a middle market private equity firm based in Houston, announced that its affiliated investment fund, Sterling Group Partners III L.P., has completed the acquisition of Roberts-Gordon LLC.
Despite the economic downturn, HVAC industry revenue from 2009 to 2014 increased at an annualized rate of 2.4 percent. With the positive developments now seen in the market, industry revenue is forecast to rise over the next five years, with significant growth in 2014.
Energy Regulations, Technological Developments to Meet Energy Efficiency Requirements Are Key Growth Drivers
October 21, 2013
The global HVAC equipment market is expected to exceed $139 billion by 2018, growing at a compound annual growth rate (CAGR) of 8.9 percent from 2012 to 2018, according to “HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018,” a new report from Transparency Market Research.
This Will Further Extend Modine’s Overall Business Offering in the HVAC Market
September 27, 2013
Modine Manufacturing Co. announced that it has entered into exclusive negotiations to acquire privately-held Barkell Limited, a manufacturer of custom built air handling units located in Consett, County Durham, United Kingdom.
North American Market Expected to Begin Recovery in 2013
July 15, 2013
According to a new report from Navigant Research, annual revenue from energy-efficient HVAC systems is expected to grow from $17.2 billion in 2013 to $33.2 billion by 2020.
Cambridge Engineering Inc. announced that it has launched a new Facebook page. The company said the new social media site is a place to learn more about Cambridge Engineering and interact on a number of topics related to energy efficient heating equipment and HVAC market trends.
Daikin Industries Ltd. announced that it has completed its acquisition of Goodman Global Group Inc., which was originally announced on Aug. 29, 2012, for a purchase price of $3.7 billion, including the refinancing of Goodman’s existing indebtedness.
Parker Hannifin Corp. announced that it has acquired the hydraulics manufacturing division of PIX Transmissions Ltd., Nagpur, India. PIX manufactures a range of hydraulic and industrial hose, hose assemblies, and fittings primarily used in the general engineering, marine, agriculture, mining, construction, and HVAC markets.