Technavio’s latest research report on the global air conditioning market provides an analysis on the most important trends expected to impact the market outlook from 2016 to 2020.
It’s nice to be the hero, but, just as medicine is transforming from an expensive and reactionary model to a predictive and cost-effective one, so will HVAC. The result will be fewer high-margin jobs in the wake of catastrophes but more low-margin, predictive tuneups.
Rittal Corp. has introduced a new refrigerant-based rack and row cooling solution, known as LCP DX, for heat removal of critical IT components. The line is available in two models, as a rack or in-line solution.
The global HVAC market is forecast to post a compound annual growth rate (CAGR) of close to 7 percent by 2020, according to the latest report from Technavio. The research study covers the present scenario and growth prospects of the HVAC market from 2016 to 2020.
Executive Order EO13706 would require federal prime contractors and subcontractors to permit workers employed on covered federal contracts and subcontracts of $2,000 or more to accrue one hour of paid sick leave for every 30 hours worked. The Notice of Proposed Rulemaking (NOPR) was published in the Federal Register on Feb. 25.
HVAC industry professionals converged March 10-13 in Charlotte, North Carolina, for the return of the ACCA 2016 conference and IE3 Expo: The Indoor Environment & Energy Expo. The combined events drew more than 1,500 people from all over the country.
HVAC contractors seem to be feeling cautiously optimistic about short-term growth, at least according to ACCA, whose Contractor Comfort Index (CCI) scored a 76 in January 2016. But, there is still concern about the U.S. economy and conditions around the world, in general.
The hot ticket at the recent Air-Conditioning, Heating, and Refrigeration (AHR) Expo was a seat at Building Services Research and Information Association’s (BSRIA’s) presentation on global HVAC trends.
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.