The HVAC industry is often coined as “recession-proof” because the demand for indoor comfort is not going away. In fact, it’s growing. The global market for air conditioning systems was pegged at a value of $104.4 billion in 2015 and is projected to rise to $167 billion by the end of 2024, expanding at a 5.1 percent compound annual growth rate (CAGR) from 2016 to 2024, according to a report from Transparency Market Research.
Moblico, a data-driven marketing company, is proud to announce that cfm Distributors, Inc. weekly text campaign has earned a prestigious AMBIT Award from the Kansas City Data Marketing Association (KCDMA). AMBITS are awarded to organizations that show an excellence in creative and results by driving return on investment for the organization.
Logistics has developed into a science of efficiency. But these days, distribution center efficiency is about far more than how fast you get your orders out the door. Long-term cost efficiencies require specifying for materials, building systems, and designs that will provide energy savings and lasting operational cost savings.
There are over 5.6 million commercial buildings in the U.S., comprising 87 billion square feet of floor space. Air moving, heating, and cooling systems account for the largest amount of electricity used in these buildings. The industry has made intensive efforts to improve the efficiency and productivity of motors and driven equipment. However, the belt drive connecting these components is critical to achieving maximum efficiencies. Two simple solutions for improved HVAC system performance are the use of energy efficient belts and proper drive installation.
Public awareness is growing about the importance of indoor air quality (IAQ) in commercial buildings and homes. That new interest is one of the driving factors behind steadily increasing sales of IAQ products. In fact, the U.S. IAQ market totaled $7.8 billion in 2015.
Industry experts foresee installations for geothermal energy systems in the North American market to remain stable for the next two to three years based on existing factors such as cost, government grants, and tax incentives to people and businesses looking for ways to tap into long-term energy sources.
If you’re an HVAC supplier and distributor, the ability to aggregate and analyze your business data will have a significant impact on whether you can meet market demands. Mounting competition, increasing pressure on pricing, and shrinking margins have made it even more important to capture, manage, and analyze data to improve your ability to serve your customers.
Distribution Center magazine recently interviewed Zeiad Hussein, founder of National Equipment Parts, a new online presence in our marketplace. His view of our industry and the role his company will play in it, provides for an interesting discussion of our future.
The World Energy Engineering Congress (WEEC) is the largest energy conference and technology expo held in the U.S. specifically for business, industrial and institutional energy users. It brings together the top experts in all areas of the field to help you set a clear, optimum path to energy efficiency, facility optimization and sustainability. Read More