The global ductless heating and cooling systems market is currently projected at $78.62 billion, with a compound annual growth rate exceeding 8 percent through 2021, according to MarketsandMarkets.
Once only found in mild climates, the technology now stretches across the U.S., thanks to advances in inverter technology and zone controls. On the other hand, the level of sophistication in these systems sometimes makes them difficult to troubleshoot when something goes wrong.
Gone are the days of paper invoicing and technicians carrying pagers. Today, savvy contracting owners are implementing the use of intelligent products to simplify daily operations both in the field and the office.
According to a report from Mordor Intelligence, the global smart home market was valued at $35.7 billion in 2017, and it is expected to reach a value of $150.6 billion by 2023, growing at a compound annual growth rate of 26.9 percent during the forecast period.
We all know winter is on its way. And HVAC contractors — who brave all types of weather conditions — are using this time to prepare their field technicians and installers for cold weather and the ice, sleet, and snow that come with it.
The expected surge in smart thermostat sales will have equipment manufacturers, many of whom have their own proprietary controls, competing with the well-known universal thermostat brands, such as Nest, Honeywell, and ecobee.
The HVAC industry is no stranger to do-it-yourself (DIY) homeowners, especially with the growing popularity of smart thermostats that just happen to be readily available at their corner big-box store or online via two-day shipping.
HVAC contracting companies already have an uphill battle since there is a somewhat less than honorable stigma associated with the trade. However, many have managed to establish solid, trustworthy reputations in their service areas.
When people become a drain on the business and its employees, it often makes more sense for contractors to fire the customer than to continue the relationship.