Goettl Air Conditioning recently merged with Las Vegas Air and Paradise Air, adding more than 20 employees and 15 trucks. Las Vegas Air primarily serves residential customers while Paradise Air services the multi-family and rental home market.

MISTRAS announced the acquisition of Condenser & Chiller Services Inc. (CCS). CCS is a nondestructive testing (NDT) inspection and complete heat exchanger service provider for commercial and industrial cooling and air conditioning applications. CCS subsidiary, California Finned Tube Company (Cal-Fin), a manufacturer and vendor of heat exchanger tubes, was included as part of the acquisition.

The global evaporative condensing unit market is projected to reach $1.61 billion by 2026, increasing at a compound annual growth rate (CAGR) of 7.2 percent from 2016 to 2026, according to a report published by MarketsandMarkets.

U.S. shipments of central air conditioners and air-source heat pumps totaled 583,531 units in September 2016, up 19.5 percent from 488,464 units shipped in September 2015, according to the latest statistics from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

A University of British Columbia (UBC) study indicates that snow cleared from winter roads and put into storage could help reduce a building’s summer air conditioning bills.

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.

The global market for air conditioning systems was pegged at a value of $104.4 billion in 2015 and is projected to rise to $167 billion by the end of 2024, expanding at a 5.1 percent compound annual growth rate (CAGR) from 2016 to 2024, according to a report from Transparency Market Research.