Commercial HVAC Trends

Commercial HVAC Trends

Every industry evolves and has new developments and trends. COVID-19 obviously had a negative impact on the HVAC industry and created greater demand for air purification solutions and improved ventilation methods. Thankfully the ongoing vaccination efforts continue to help restore supply chain and logistics activities.

Despite supply chain shortages leaving some businesses waiting for parts and units, the HVAC sector is in a growth period. It is looking more and more likely that the HVAC industry is trending toward more eco-friendly options along with building management creating teams to ensure all of a building’s different systems work together.

What Is the Future of HVAC?

There is a growing demand for eco-friendly HVAC systems, and more than half of HVAC customers are willing to pay more for eco-friendly heating and cooling. With new government regulations in place to reduce energy consumption and carbon emissions, the demand for sustainable HVAC systems is likely to grow.

The ultimate goal is to be able to power HVAC systems using electricity generated from clean energy sources like the wind or sun. Transitioning to electricity takes time, and there is a cost associated with it, but much of the research seems to favor switching to green-generated electricity.

Is the HVAC Industry Growing?

The Bureau of Labor Statistics believes the HVAC industry will likely see an 8% increase in job growth by 2030. The last decade has seen seven of the hottest summers in history, leading to extra and prolonged use of HVAC units, especially cooling systems. This has caused more HVAC malfunctions, placing techs in high demand.

Across the 118,000 HVAC businesses in the U.S., revenue is growing across most of the HVAC industry. In 2021, the overall HVAC systems market was valued at more than $16.5 billion. By the end of 2021, most HVAC businesses reported a 10% increase in new quotes and were scheduled for a 6% increase in new work as compared to 2020.

One challenge the HVAC industry faces is high market competition between some vendors. That may cause them to lower their prices to stay competitive, thereby reducing profit margins for each sale or service. This change could result in less competition in the long term, which is bad for both the industry and consumers.

What Is New in Commercial HVAC?

One emerging HVAC market trend is taking a holistic approach to building management. This means considering all the needs of a building’s various systems for places to promote synergy to improve energy efficiency.

For example, ensuring a building is well-insulated reduces the need for heating to put less strain or demand on the HVAC unit. There is also a growing trend in HVAC software like programmable thermostats and Smart Home systems to keep buildings at optimal comfort without wasting energy.

It appears the increased number of data centers consisting of highly sensitive electronic components that require consistent temperatures and airflow is a key driver in HVAC market growth. Portable smart devices and monitoring systems are also helping to fuel market growth.

Henick-Lane Can Handle Your Commercial HVAC Needs

With more than five decades of experience providing superior commercial HVAC services, our team of professionals specializes in providing affordable and practical solutions for all types of commercial buildings. We can fulfill all your installation, service, maintenance and/or repair needs as well as custom design whatever HVAC solution your facility needs. Call us or fill out our contact form to get started.

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