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.
Energy Star certification is an important distinction HVAC manufacturers aim for their products to achieve. The designation recognizes highly efficient performance, and 2016’s list of the most efficient central air conditioners and heat pumps delivers a bevy of products from a wide range of manufacturers.
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.
American Standard Heating & Air Conditioning, a brand of Ingersoll Rand, has received two Award for Design Excellence (ADEX) 2015 Platinum Awards. The AccuComfort™ Platinum 18 Air Conditioner and the Gold 824 Smart Control have both been recognized with ADEX awards, recognizing them for superior design.
Having designed so many systems for others, it’s natural to wonder what kind of HVAC equipment contractors would install in their own homes if money were no object. Their answers just might surprise you.