The goal of the Midea showroom is to offer a unique opportunity for both HVAC professionals and consumers to get hands-on experience with the latest in heat-pump technology.
The HVAC industry faces challenges in 2024 from inflation, higher interest rates, and HFC production cuts. However, regulatory support for eco-friendly systems could provide growth opportunities, leading manufacturers to be optimistic about the year ahead.
Nine states have set a shared goal to have heat pumps make up at least 65% of the shipments of residential heating, air-conditioning, and water-heating products by 2030.
California, New Mexico, New York, and Hawaii are the first states to apply for federal rebate money for high-efficiency equipment. Twenty-three states have received funding to set up and manage rebate programs.
As the federal government plans millions in grant funding to boost heat-pump manufacturing in the U.S., a big player in the market as well as a newcomer are thrilled with the opportunity.