The global shell and tube heat exchangers market is forecast to grow from $5.29 billion in 2015 to $7.05 billion by 2020, at a compound annual growth rate (CAGR) of 4.98 percent, according to a new report published by MarketsandMarkets.
HVACR distributor Watsco Inc. reported record results for the fourth quarter and the year ended Dec. 31, 2015. For the full year, the company achieved 4 percent sales growth to a record $4.11 billion (5 percent on a same-store basis).
Mestek Inc. has announced the acquisition of Turbonics Inc., Cleveland. Turbonics is a manufacturer of specialty hydronic fan coils and has been providing comfort solutions to the North American HVAC marketplace for more than 50 years.
As concerns about the environmental impact of energy generation and uncertainty over future energy prices continue to build, commercial building owners are looking for ways to reduce energy spend, notes Navigant Research. This drive for efficiency is increasingly targeting HVAC systems.
Throughout the year, HARDI members supported HALO through various fundraisers, such as scratch-and-dent sales, golf tournaments, potlucks, and bake sales. One company even created a contractor program that donated a portion of proceeds from installed thermostats. Additionally, HALO raised more than $19,000 through more than 55 items contributed to the annual silent auction.
GEO’s top priority during 2016 will be convincing the nation’s leaders to extend the income tax credits for residential (IRS Sec. 25D) and commercial (IRS Sec. 48[a]) GHPs that are set to expire at the end of the year.
Morrison Supply Co. recently partnered with A.O. Smith Corp. to offer its clients a chance to win a grand prize hunting trip of the winner’s choice and a new Polaris Sportsman 570 ATV.
Every rep donated equipment or tools to each school and to the students. Additionally, three business owners shared their vast knowledge with students about the industry, said Peter Donati, regional vice president for ABCO.
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