HVAC Breaking News

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The global HVAC equipment market is expected to expand at a compound annual growth rate (CAGR) of 5.6 percent from 2015 to 2022, exceeding $125 billion by 2022, according to a new market report published by Credence Research Inc.

Thermostat Recycling Corp. (TRC) announced that its fifth annual Big Man On Planet (BMOP) competition begins May 1, in partnership with Heating, Air-conditioning and Refrigeration Distributors International (HARDI). BMOP will run through Oct. 31 and all HARDI wholesaler members are eligible to participate.

Nest Labs Inc. has announced continued growth in its energy business with the addition of more than 50 energy providers now offering Nest Learning Thermostat rebates and rewards for residential customers.

Nortek Inc. announced the appointment of Bruno Biasiotta as chief operating officer, air management. In this newly appointed role, Biasiotta will report to Nortek's president and chief executive officer, Michael J. Clarke, and assume responsibility for the Residential & Commercial HVAC and Custom & Commercial Air Solutions businesses.

The worldwide Internet of Things (IoT) market is projected to hit a compound annual growth rate (CAGR) of 33.3 percent to 2021 driven by the rising need for operational efficiency and the increasing penetration of connected devices, according to a report available from RnR Market Research.

Fresh-Aire UV, division of Triatomic Environmental Inc., a manufacturer of ultraviolet C (UVC) and photocatalytic oxidation (PCO)/activated carbon IAQ products, has named Stuart Engel as its international business development manager.

Historical buildings — from those on the local Main Street to world-renowned structures — could be brought from the past into an energy efficient future under a proposed guideline from ASHRAE.

ACCA has announced the launch of its newest online certificate training program, Qtech: Duct Design Basics. Through Qtech, contractors can offer their employees on-demand training in quality HVAC installation, maintenance, home performance, and other areas.

Four U.S. Department of Energy (DOE) national laboratories are joining Oak Ridge National Laboratory (ORNL) to expand an online crowdsourcing community for building technologies called JUMP, which helps bridge the gap between cutting-edge ideas and the marketplace.

LG Electronics USA announced that Thermal Resources Sales Inc. (TRS) has become the latest LG applied rep for the company’s commercial air conditioning business, to drive variable refrigerant flow (VRF) sales and support for the Southeast.