HVAC industry trends will determine how your HVAC business conducts itself, whether those effects occur this year or accumulate in the future. What types of trends are already shaping the market? In today's article, we'll first analyze the statistics and predictions focused on the air conditioning industry. Next, we'll dive into previous trends. Owners and employees of HVAC companies won't want to miss this opportunity. Does your B2B website have all 10? Learn the secrets to attracting more traffic to your website, generating more leads, and ultimately increasing sales.
To give some context and relevance to the upcoming trends in the air conditioning market, we thought of starting by sharing some current statistics and predictions for the sector. Air conditioning is already big business today, and it seems that nothing in this regard will change in the next decade. The industry is only going to be more profitable. That's far from the only growth taking place in the HVAC industry. That's a projected growth rate of five percent.
It is true that this figure is slower than the average reported by BLS, but growth is growth and the air conditioning industry will do anything but stagnate. Air conditioning units are greener than ever, and whether it's a heater or an air conditioner, the average person wants reduce your energy costs. For that reason, it's not entirely surprising that Comfy Living has reported that by 2024, the total number of HVAC units sold will exceed 151 million. It was followed closely by California with 32,410 positions, Texas with 28,010 positions, New York with 16,730 positions and Pennsylvania with 14,900 positions.
Daikin leads the list as the largest producer of air conditioning systems, according to Comfy Living. Here's a bit of history. It was founded by Akira Yamada in 1924 in Japan. The original name of the company was Osaka Kinzoku Kogyosho LP.
In 1963, the company underwent a name change to Daikin Kogyo Co Ltd and then to Daikin Industries, Ltd in the 1980s. The company is not only dedicated to air conditioning, but also to electronics, medical equipment, oil hydraulics, air filtration systems and chemicals. Now is the time to change the subject and analyze trends in the HVAC industry since the introduction. This section will also include a number of scientific trends, as we wanted to approach HVAC market trends from all angles.
You can now ask Siri or Alexa to adjust the volume of the TV or to close the doors, and it seems that air conditioning systems are also getting smarter. Imagine that, instead of having to manually adjust your heating or cooling units, you could do it from your smartphone. You wouldn't have to get up from the couch when you feel comfortable. While for a long time “physics-based methods were the driving force of the industry when it came to optimizing and modeling air conditioning systems”, lately there has been a greater focus on data-based approaches.
A data-based approach is only as good as your data, of course, but the magazine mentions that, as communication and information technologies have continued to evolve, data has become more accessible, hardware has become less expensive, and HVAC companies can now collect and disseminate more data at a time. Have geothermal heat pumps caused the biggest impact on the air conditioning industry? We must admit that no, at least not until now. However, enough experts believe that geothermal heat pumps could finally be at their peak, so we had to include this trend in our discussion of HVAC market trends. Why is that? Congress has renewed its tax credit for HVAC technology, which could cause some homeowners and businesses to seek alternatives.
Artificial intelligence is used in a variety of industries, from live inventory and inventory management to sports analysis, autonomous flights, and even the humble chatbot. It seems that it is only a matter of time before AI is extended to the air conditioning industry. And we may now be on the cusp of that moment. The consumer trends resource GWI found that, in general, today's consumers want greener products than ever.
This is a statistic that the air conditioning industry cannot afford to ignore, especially considering that climate change is still a topic that everyone talks about. If your air conditioning technology isn't as energy efficient as it should be, there's no better time than now to make the switch to more technology ecological. Consumers, including potential customers and those who already own and use their HVAC units, expect it. There are many reasons for the average consumer to switch from ducted to ductless HVAC systems.
Ductless systems, such as ductless minisplits, can offer heating and cooling in a single unit, reducing the need to pay twice for installation and maintenance. Ducts are an imperfect technology and tend to cause air leaks, which end up affecting consumers' monthly energy bills. In addition, ductless technology, such as minisplits, can heat or cool in specific areas known as zones, making the system more energy efficient overall. If your air conditioning company is only venturing into ductless technology, it's time to add more ductless options to meet growing consumer demand.
Trends in the air conditioning industry continue to shape the air conditioning market and will influence the way in which air conditioning technicians serve customers. Trends are partial predictions and, therefore, it is difficult to say that the trends we are analyzing today will necessarily be fulfilled, but it seems likely. After all, the HVAC market trends on our list are reinforced by real-world data, some of which goes back a long time. ARE YOU READY TO START YOUR MARKETING STRATEGY? Download our e-book to discover Mediaboom's secret to attracting high-quality leads.
Discover how our combination of SEO and content marketing has brought you here and learn how to use it for your own business. As the world moves towards renewable energy sources, air conditioning systems are doing the same. In the future, there will be greater integration of geothermal, solar and wind energy sources into air conditioning systems. This synergy not only reduces dependence on fossil fuels, but also makes air conditioning systems greener and more cost-effective in the long term.
HVAC technicians and manufacturers are less likely to invest in green technology and training if they don't believe they will be sold. Mechanical advances dominated the first century in HVAC technology, but electronics now take center stage. In a competitive labor market, achieving a growth rate of 5% will be a challenge for residential and commercial HVAC operators. The on-demand services industry, including HVAC technicians, will continue to analyze data to match consumer needs with those of service providers.
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