Commercial A/C Market Growth Forecast at 8.98% CAGR to 2020

The global commercial air conditioning market is forecast to grow at a compound annual growth rate (CAGR) of 8.98 percent during the period of 2016 to 2020, according to a research report from ReportsnReports.

The study said the emergence of smart technology will be a key trend for market growth, since with the advent of the smart grid, smart buildings, and smart cities, the scope of data has increased more than ever, enabling better measurement using big data and analytics. Smart grids are capable of communicating with individual buildings, while smart cities can use technology to observe trends across all buildings in the city. Despite the high initial expenditure involved and the need for routine adjustments, the implementation of smart HVAC systems is increasingly becoming a necessary expense for larger buildings, as these systems enhance operational cost savings.

Growth in data center cooling will be a key driver for market growth. Overheating in data centers is a major concern for businesses, as it affects productivity and increases downtime. Owing to the need for increased information storage capacity for higher data processing, companies are not only establishing new data centers, but also expanding their existing data center infrastructure. The onus on companies to increase the efficiency of data centers has led to rising demand for data center cooling.

The recent increase in global construction activities is a key factor contributing to the growth of the global commercial air conditioning market. During 2015, the market was dominated by the Asia-Pacific (APAC) region with a market share of about 51 percent. Rapid economic growth, expansion in electrification, and greater product availability are factors that will drive the growth of this region during the forecast period.

By 2020, the ductless split system segment will continue its market dominance, accounting for about 46 percent of overall market revenue. Easy installation, energy efficiency, and the flexibility to cool or heat individual rooms are the key factors driving growth. Ductless split systems are becoming popular among hotels and apartment buildings due to their ability to heat one room while simultaneously cooling another.

HVAC Equipment Patent Overview 2011-2016 - Carrier, Daikin, and Lennox Launch Products to Meet Rising Demand - Research and Markets

In residential, industrial or commercial buildings, heating or cooling is implemented by Heating, Ventilation, and Air Conditioning (HVAC) equipment. It also provides fresh outdoor air to eliminate inner airborne contaminants such as volatile organic compounds and odors emitted from interior fittings or various cleaning chemicals among others.

In the coming years, HVAC equipment is expected to witness high traction in residential and commercial market segments while moderate growth will be observed in the industrial segment. Globally air conditioning equipment has the largest demand and this segment is currently dominating the HVAC equipment market.

Major drivers of the global HVAC equipment segment increase in new households, rising average construction spending, rapid urbanization and growth in disposable income across several major economies. Growing requirement from the commercial segment and high demand for HVAC products in the Asia Pacific region are other key drivers of the segment. However, high energy consumption of HVAC equipment is a major factor restraining the growth of this segment.

Over the forecast period, companies of HVAC equipment have revenue generation opportunities in the areas related to the advancement of energy efficient systems, increasing trend of smart homes and implementation of green technologies. One of the key concerns that global manufacturers are focusing on is energy efficiency.

Energy efficient HVAC products are already being launched by a number of vendors such as Carrier, Daikin, and Lennox to meet the demand arising from consumers and industries.

Key Topics Covered:

1. Objective

2. Overview

3. Search Strategy

4. Patent set segmentation

5. Categorization Tree

6. IP Publication Trend

7. Top 10 Assignees Graph

8. Research Breadth across various jurisdictions : Key Statistics

9. White Space Matrix (Technology)

10. Legal Status Graph

11. Summary

HVAC Control Systems Market Size, Share, Growth, Trends and Forecast to 2022: Research Corridor

Research Corridor has published a new research study titled “HVAC Control Systems Market – Growth, Share, Opportunities, Competitive Analysis and Forecast, 2015 – 2022”. The HVAC Control Systems market report studies current as well as future aspects of the HVAC Control Systems Market based upon factors such as market dynamics, key ongoing trends and segmentation analysis. Apart from the above elements, the HVAC Control Systems Market research report provides a 360-degree view of the HVAC Control Systems industry with geographic segmentation, statistical forecast and the competitive landscape.

Geographically, the HVAC Control Systems Market report comprises dedicated sections centering on the regional market revenue and trends. The HVAC Control Systems market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The HVAC Control Systems market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. HVAC Control Systems Market estimates have also been provided for the historical years 2013 & 2014 along with forecast for the period from 2015 – 2022.

The research report also provides a comprehensive understanding of HVAC Control Systems market positioning of the major players wherein key strategies adopted by leading players has been discussed. The HVAC Control Systems industry report concludes with the Company Profiles section which includes information on major developments, strategic moves and financials of the key players operating in HVAC Control Systems market.

Key Takeaways:

• Market Dynamics in the HVAC Control Systems Market
• Key Ongoing Regional Trends
• HVAC Control Systems Market Estimates for Years 2013 – 2022
• HVAC Control Systems Market Positioning of Key Players
• Key Strategies Adopted by the Leading Players
• Attractive Investment Proposition
• HVAC Control Systems Market Inclination Insights

HVAC’s Role in Net-zero Buildings

Net-zero-energy buildings (NZEBs) employ the latest materials, technologies, practices, and controls in order to not only minimize energy usage, but also produce as much or more energy than the building consumes. As these buildings become more popular, HVACR manufacturers are working to create highly efficient products and systems to help meet these ambitious performance goals.

THE RISE OF NET-ZERO-ENERGY BUILDINGS

Mark Stimson, business development manager, Bosch Thermotechnology Corp., said there are several trends driving the growth of NZEBs. “The resurgence of the building industry, builders’ interest to sell a differentiated product in a more competitive market, and new building codes encouraging less energy use and more on-site renewable energy generation are all factors,” he said.

Richard Holzer, managing principal engineer, Southland Industries, said the impacts of greenhouse gas (GHG) emissions on climate change coupled with rising energy costs are primary drivers for the green building and sustainability movement. “The size of the green building market is increasing, and the rising popularity of NZEBs is an outgrowth of this trend,” he said. “In addition, policies, codes, regulations, and incentives are even greater drivers of this ever-growing trend. All levels of government, ranging from federal and state agencies to city government and institutional users, are beginning to impose net-zero-energy policies. Also, the cost of photovoltaic panel equipment is decreasing while efficiency is increasing, making NZEBs economically viable.”

9 Tips for Hiring a Heating and Cooling Contractor

1. Study up — Find out about license and insurance requirements for contractors in your state. And before you call a contractor, know the model of your current system and its maintenance history. Also make note of any uncomfortable rooms. This will help potential contractors better understand your heating needs.

2. Ask for referrals — Ask friends, neighbors, and co-workers for contractor referrals. You can also contact local trade organizations for names of members in your area.

3. Call references — Ask contractors for customer references and call them. Ask about the contractor's installation or service performance, and if the job was completed on time and within budget.

4. Find special offers — a heating and cooling system is one of the largest purchases you'll make as a homeowner. Keep your costs down by checking around for available rebates on energy-efficient ENERGY STAR qualified heating and cooling equipment. Begin your search at www.energystar.gov.

5. Look for ENERGY STAR — ENERGY STAR qualified products meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency and offer significant long-term energy savings. Contractors should be able to show you calculations of savings for ENERGY STAR heating and cooling equipment.

6. Expect a home evaluation — the contractor should spend significant time inspecting your current system and home to assess your needs. A bigger system isn't always better; a contractor should size the heating and cooling system based on the size of your house, level of insulation, and windows. A good contractor will inspect your duct system (if applicable) for air leaks and insulation and measure airflow to make sure it meets manufacturer’s specifications.

7. Get written, itemized estimates — when comparing contractors' proposals (bids), be sure to compare cost, energy efficiency and warranties. A lowest price may not be the best deal if it's not the most efficient because your energy costs will be higher.

8. Get it in ink — Sign a written proposal with a contractor before work gets started. It'll protect you by specifying project costs, model numbers, job schedule and warranty information.

9. Pass it on — Tell friends and family about ENERGY STAR. Almost one-quarter of households knowingly purchased at least one qualified product last year, and 71% of those consumers say they would recommend ENERGY STAR to a friend. Spread the word, and we can all make a big difference.

Tips on Starting an HVAC Company

One benefit to starting a heating, ventilation and air conditioning business is that you can begin with a small investment in time and resources, and then grow your company at your own pace. Another advantage is that the HVAC industry tends to mirror the fast and forwardly growth of technology. When improvements are made to the design and function of heating and cooling units, the demand for expert HVAC contractors accelerates.

Specialize
Assess your skill level to determine what you do best and then offer that service first. For example, if you excel at repairing automobile air conditioning systems but not furnaces, be honest with yourself. Realize your limitations and get training in those weak areas, if you feel you would like to offer those services. The HVAC is flexible because you can become an expert in a variety of services based on what you want to you to specialize in. This includes troubleshooting heat pumps, gas furnaces, or air conditioning; and consulting on ENERGY STAR appliances for homes or commercial buildings, or specializing in other areas of expertise.

Get Certified
Join a trusted HVAC industry-based organization that specializes in offering education and certification. Your years of experience and combined training can be even more enhanced with a North American Technician Excellence certification. In addition, your knowledge of ENERGY STAR qualified products and current trends in the HVAC business industry can make you a valuable resource to your customers. Certification may also help you instill your competency to potential customers.

Create Growth-Oriented Business Plan
Plan how you will expand your client base over the years to stay profitable, although initially, you may start your HVAC business with limited risk. Start out part time with a set amount of hours you would like to work in your business. For example, you might want to work four hours each weekend and then expand it to include a four more hours for three or four days during the week. Realize how many clients you can service within a week based on the hours you would like to devote to the business and your financial goals. Allow for between two and four hours of administration time each week so that you can review your progress. Since HVAC contracting involves physical labor, make sure that you do not overbook and always delivery quality service to your customers. Keep this in mind as you determine your weekly commitment.

Partner With Construction Firms
Research reputable construction and remodeling firms in your area and offer to be a dependable HVAC resource. Commercial and residential building contractors may be your best long-term leads because they build homes and commercial buildings from the ground up. Renovation project managers may desire a HVAC specialist to determine if a heating or air conditioning unit should be repaired or replaced. These firms may also need advice on which ENERGY STAR equipment is the best suited for the size of a newly built home.