INDUSTRY REPORT
“ Bosch Group ’ s recent acquisition of Johnson Controls Residential and Light Commercial HVAC business has cemented its market share in the HVAC market . Established brands such as Haier Electronics ; Honeywell International ; LG Electronics ; Mitsubishi Electric Corporation ; Panasonic ; Midea Group and Samsung Electronics are strengthening their offerings powered by Artificial Intelligence ( AI ), to cater to high energy-efficiency HVAC systems with low-frequency noise , efficient water use , smart control features and enhanced cooling capabilities ,” continued ABI Research .
SMEs digitising building operations and Building Automation System ( BAS ) providers ( such as ALE , CIM , SensMax and Sensgreen ) are partnering with established market players and commercial developers to prototype , manufacture , test and deploy smart HVAC solutions in commercial buildings .
HVACs contribute between 38-70 % of a conventional commercial building ’ s energy consumption .
“ Maximizing energy efficiency in HVAC systems for commercial buildings is crucial to creating energy-efficient , sustainable and comfortable built environments . Smart HVAC empowers occupants to control the temperature of a space on a granular level from dedicated devices , such as a digital dashboard or phone , to achieve thermal comfort . Upskilling of building operators , technicians and installers on new digital and smart HVAC capabilities is critical to the success and implementation of connected HVAC systems . The smarter era of HVAC will drive connected living to new heights through comfort , convenience , efficiency and savings ,” Thomas concluded .
In
Global technology trends in HVAC
Technology trends in the HVAC market include the use of connectivity and data to improve control ; eco-friendly systems ; software automation to improve business functions ; ‘ smart ’ HVAC technologies designed for automation and ‘ ductless ’ HVAC systems .
Smart sensor technologies can , for example , manage interior temperature and humidity levels , along with lighting , and track outdoor conditions ( such as temperature , humidity , brightness and position of the sun ).
Image : Shutterstock . com .
Air conditioning units .
HVAC pipe welding .
Image : Shutterstock . com .
Air compressor cleaning .
In conclusion
“ Emerging markets , particularly in Asia-Pacific and Latin America , are experiencing rapid growth in the HVAC sector . Urbanisation , economic development and increasing infrastructure projects in these regions are driving the demand for HVAC equipment . As these markets continue to develop , they present significant opportunities for growth and expansion for HVAC manufacturers and suppliers ,” explained analyst , Market Research Intellect .
“ The HVAC equipment market exhibits notable geographic dominance , with North America and Asia-Pacific leading in market share . North- America , driven by the United States and Canada , benefits from advanced infrastructure , stringent energy efficiency regulations and high consumer demand for smart HVAC systems . The region ’ s mature market and technological innovation contribute significantly to its dominance . Conversely , Asia-Pacific is experiencing rapid growth due to urbanisation , increasing industrial activities and rising disposable incomes , particularly in countries like China and India ,” added the analyst .
However , and despite the positive outlook , it cautioned that the HVAC equipment market also faces challenges , including high initial costs and maintenance expenses . The complexity of installation and the need for skilled labour can also pose barriers to market growth . Additionally , fluctuating raw material prices and supply chain disruptions can impact the cost and availability of HVAC equipment .
“ Europe also maintains a significant presence , bolstered by strong environmental regulations and a focus on energy-efficient systems . Meanwhile , Latin America and the Middle East show emerging potential , with growing investments in commercial and residential sectors contributing to gradual market expansion ,” concluded the analyst . n
Image : Hypertherm .
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