The global HVAC market is forecast to generate over $68.93 billion in value, at an estimated compound annual growth rate (CAGR) of 4.34 percent, from 2016 to 2022, according to a new report available from Research and Markets.
A report from Navigant Research reinforces this assessment, stating that annual revenue from ductless systems will grow to more than $9 billion by 2020, up from $3.9 billion in 2013.
When it comes to figuring out what the market demands in a boiler, it usually comes down to the highest efficiencies possible along with advances in control technology. Indeed, efficiency and advanced control technologies were on display for most of the boilers introduced at the AHR Expo.
As technology improves, portable equipment manufacturers will continue to work to meet the growing needs of their customers, from those needing small-scale residential solutions all the way up to data centers and factories in need of industrial-grade solutions.
Numerous types of radiant products were on display at the AHR Expo, including heating, cooling, and snow melt systems. And, exhibiting manufacturers were all focused on touting the energy efficiency, sustainability, and safety benefits of their products.
Reducing energy consumption is a goal of commercial building owners and managers, and the way to do that is to take an overall systems approach when designing HVAC systems.
More than half of U.S. commercial building space is cooled by packaged HVAC equipment, according to the U.S. Department of Energy (DOE). Additionally, existing rooftop units consume more than 1.3 percent of the country’s annual energy usage. It’s no surprise the biggest trend driving the rooftop market is efficiency.
This expanded line of hazardous-duty room air conditioners includes ATEX (Atmosphères Explosibles)/IECEx (International Electrotechnical Commission Explosive)-certified models for international customers.
The New York City Council voted unanimously to pass a bill that encourages the installation of geothermal energy and requires that geothermal heat pumps be considered for all new construction and retrofits of city-owned buildings.
Just as the 2016 elections are already having an impact on the country’s airwaves, many industry leaders agree they’ll also have a significant impact on both the regulatory and legislative environments impacting the HVACR industry through the end of the calendar year.