Looking to better serve the needs of refrigeration and air conditioning contractors nationwide
October 26, 2016
Emerson announced that it has finalized a national distribution agreement with United Refrigeration Inc., Philadelphia. United Refrigeration is a leading wholesale distributor of refrigeration, HVAC, and food retail products throughout North America.
The hot weather, combined with an improving economy, proved to be a boon for contractors, many of whom saw sales of cooling equipment spike this summer.
This product is equipped with the ability to provide heating capacity down to minus 13°F outside ambient temperatures. The integral base-pan heater helps ensure that water from defrost cycles drains properly.
The companies will collaborate to expand their U.S. HVAC businesses
September 13, 2016
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.
Company outgrew initial offices and is scheduled to move into new space by January 2017
September 6, 2016
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.
Heating and cooling products and water heaters can be purchased with a number of financing options
August 15, 2016
Synchrony Financial, a consumer financial services company, announced a multi-year extension with Rheem to continue providing a financing program for the purchase of HVAC and water heating products and services.
Shipments of central air conditioners increased 19.1 percent, heat pumps increased 10 percent
August 15, 2016
U.S. shipments of central air conditioners and air-source heat pumps totaled 1,022,363 units in June 2016, up 16.4 percent from 878,513 units shipped in June 2015, according to the latest statistics from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
Transparency Market Research report outlines market values
August 15, 2016
The global market for air conditioning systems was valued at $104.4 billion in 2015 and is projected to reach $167 billion by the end of 2024, expanding at a 5.1 percent compound annual growth rate (CAGR) from 2016 to 2024.