The global economizer market was valued at $7.70 billion in 2016 and is projected to reach $11.54 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.7 percent from 2017 to 2022, according to the report, "Economizer Market by Type (Fluid Economizers and Air-side Economizers), Application (Power Plants, Boilers, HVAC, Refrigeration, and Data Centers), End-use Industry (Industrial and Commercial), Region - Global Forecast to 2022", published by MarketsandMarkets™.
M&G DuraVent and Security Chimney announce the regional re-focus strategy for North American Operations by de-coupling M&G DuraVent and Security Chimneys Intl. from M&G Group effective Aug. 1, 2017.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) has announced its endorsement of H.R. 3515, the HVAC Expensing and Technology (HEAT) Act introduced by Reps. Pat Tiberi, R-Ohio, and Ron Kind, D-Wis. The HEAT Act would allow for commercial building owners to expense qualified HVACR equipment under Section 179 business expensing.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 3.2 percent in June 2017.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) hosted its annual Emerging Leaders Conference in Louisville from July 23-25.
The HVACR Alliance announced its endorsement of H.R. 3515, the HVAC Expensing and Technology (HEAT) Act. The bill, introduced by Reps. Pat Tiberi, R-Ohio, and Ron Kind, D-Wis., would allow commercial building owners to expense qualified HVACR equipment under Section 179 of the U.S. Tax Code.
Rheem® introduced the 2016 Premier Performers award for the Rheem and Ruud® distributor winners who are setting the standard for excellence in their markets. These distributors must meet a variety of performance criteria, including business and sales growth, superior customer service and support, partnership dedication, and more.
Carrier continues to honor its 2016 commitment to employ approximately 1,100 associates in Indianapolis. As announced in November, this includes headquarters and engineering jobs and more than 800 employees supporting our gas furnace manufacturing center.
Uponor North America announced that the company has signed an agreement to purchase an existing 237,000-square-foot manufacturing facility and office space in Hutchinson, Minnesota. The $6.35 million investment is located about 70 miles west from its North American headquarters in Apple Valley, Minnesota.