4 Exciting Trends in the HVAC Industry
Posted on June 20, 2014 | Posted by Joseph Fazzio Blogger
Changes across the construction industry as a whole are bringing changes to each related sector of the economy. Though such sectors stagnated in the early 2000s, industry stabilization is bringing increased demand which carries with it new trends. The HVAC industry in particular will see some exciting new changes in the coming years, in terms of both sector growth and new technology.
Smarter technology means smarter systems
Improving technology is an inescapable trend across construction and repair industries, but even more so in the HVAC industry. The push toward “smart” technology in heating and cooling systems is causing a shift in popular HVAC configuration. With more parts manufacturing companies embracing the trend, adapting to smart technology is becoming less of an option and more of a requirement. Thermostat and general heating and cooling technology keeps making leaps forward, as can be observed at any HVAC/R trade show. Better technology brings with it increased options for new systems, expanding an installation company’s list of services. Furthermore, it means higher demand for updating or improving existing systems, generating more contracts for HVAC professionals. But the greatest appeal of growing technology lies in the systems themselves. Newer HVAC systems require less maintenance and are generally more efficient at heating and cooling than their older counterparts. Since technology shows no signs of slowing down, its impact on the HVAC industry means exciting changes in the coming years.
A stable housing market leads to industry growth
Economic growth came to a screeching stop over the past several years, especially with regards to housing. However, the housing market has begun seeing turn around recently, stabilizing supply and demand and bringing rejuvenated market growth. As a result of market correction, the HVAC industry has grown as well. The housing market is projected to continue rising, which means equal rises in HVAC needs. While primary growth will likely be attributed to new housing demands, restoration projects will also have a positive impact on the industry. Both private and public restoration efforts are rising, and – coupled with technological advancements – these projects will require updating old HVAC systems. Stimulated growth is on the horizon, making the latter half of the decade an ideal time to invest in HVAC-related projects.
Variable refrigerant flow systems are on the rise
A popular trend in Eastern markets, variable refrigerant flow (VRF) is the future of the HVAC industry. Though US market have yet to reach the demand experienced abroad, VRF systems are establishing their place as in-demand items for housing and commercial cooling needs. Simple and elegant in design, VRF systems connect an outside condensing unit to several fan coil units throughout the building. Each coil and evaporator in the system can be controlled individually to reduce waste from over-allocated resources. Unlike traditional on/off systems, VRF systems independently and constantly modulate the amount of refrigerant routed to each coil, maintaining temperatures without constantly switching on and off as fluctuations occur. The result is reduced energy consumption and more consistent temperature control. As the HVAC industry evolves, demand for VRF systems grows, ushering in a new technological standard. The shift will stimulate job growth and overall economic development throughout the HVAC sector that will continue well into the coming years.
Going green stimulates projects
The green initiative took the American industrial sector by storm in the early 2000s. While the term “going green” may be growing tired, the shift toward more environmentally conscious technology is still going strong. HVAC systems are not immune to the trend, and newer products are exhibiting the signs of change that accompany the green movement. Primarily spurred by continued tax incentives, companies relying upon cooling technology are still jumping aboard the green bandwagon and updating their existing systems. Manufacturers are happy to oblige the increased demand, and many HVAC producers have started building systems with higher energy efficiency than previous models. Less energy consumption means more savings for the user, a trend that’s catching the attention of consumers in commercial and private sectors alike. Updating older systems can greatly drive energy costs downward, and the stimulation across the industry will result in a higher demand for updating and replacing projects to obtain those savings.
The changing face of the HVAC industry will make the latter half of the decade an exciting period for HVAC professionals. As these trends continue, expect fast job growth and increased profits across the industry as a whole.