HVAC Industry trends will determine how your HVAC business operates, whether those effects are seen this year or accumulate in the future. What types of trends are already shaping the market? In this article, we'll analyze the statistics and predictions focused on the air conditioning industry, and then explore previous trends. Owners and employees of HVAC companies won't want to miss this opportunity. Do you have all 10 elements for a successful B2B website? Learn the secrets to driving more traffic to your website, generating more leads, and ultimately increasing sales. To provide some context and relevance to the upcoming trends in the air conditioning market, we'll start by sharing some current statistics and predictions for the sector.
Air conditioning is already a big business today, and it looks like nothing will change in the next decade. The industry is only going to become 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, people want to reduce their energy costs.For that reason, it's not 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 let's change topics and analyze trends in the HVAC industry since its 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 close 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 chatbots. 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 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 ecological technology. Consumers including potential customers and those who already own and use their HVAC units expect it. There are many reasons for an 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 how air conditioning technicians serve customers. Trends are partial predictions so it's difficult to say that today's trends will necessarily be fulfilled but it seems likely. After all these HVAC market trends 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 for 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 we move towards renewable energy sources air conditioning systems are doing so too. In the future there will be greater integration of geothermal solar and other renewable energy sources into air conditioning systems making them even more efficient than they are today.
