HVAC Residential Market

RSS

The smart home market continues to expand, with 47 million connected smart home devices shipped globally in 2015. The market is projected to broaden substantially at a compound annual growth rate (CAGR) of 60 percent, reaching 477 million devices in 2020, according to IHS Markit.

Rheem and Fujitsu General Limited today announced a strategic collaboration that will expand the heating and cooling product portfolios of both companies. Rheem will begin offering ductless mini-split systems manufactured by Fujitsu. Fujitsu will introduce a portfolio of ducted HVAC products manufactured by Rheem.

Emerson has announced the opening of The Helix Innovation Center at Georgia Tech, a new collaboration and innovation space located in Technology Square, the university’s innovation hub. This new site expands Emerson’s global network of innovation facilities.

Angie’s List has announced the launch of its “Work with the Best” sweepstakes for current and newly registered service providers, providing the opportunity to win one of four monthly drawings for DeWalt tool kits and a grand prize of a 2017 work truck.

ACCA has published the results of its 2016 Contractor Compensation and Benefits Survey. The survey was conducted in June and contractors were asked to provide information for calendar year 2015.

Midea, a leading manufacturer of air conditioners and home appliances, announced it has strengthened its U.S. footprint by breaking ground on a $10 million R&D center in Louisville, Kentucky. The newly built Midea America Research Center (MARC) will provide technical expertise in developing products for the U.S. market.

The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) and the Geothermal Exchange Organization (GEO) announced a memorandum of understanding (MOU) to establish a framework for cooperation in the ongoing development and improvement of the geothermal heating and cooling industry.