The HVAC market has been around for a long time, but now it is changing and evolving into something new – especially with the advancements in technology.
According to Mordor Intelligence, the market value of the HVAC industry was $57.8 billion in 2020 and is expected to reach $82.5 billion by 2026 with a CAGR of 6.1%.
In this growing industry, what’s that one thing which will help you and other HVAC business owners to grow and expand your business? It’s the HVAC industry trends.
HVAC industry trends are always in flux. That is what makes this industry so exciting! If you are already running an HVAC business, you know how trends are shaping the HVAC industry. In case, if you are new in the business, check out the latest trends to stay competitive in the HVAC industry. Here are some of the significant trends of the HVAC industry that you should not miss.
7 HVAC industry trends shaping industry
Handling the HVAC work manually could be challenging and tedious for companies like you but not anymore. Thanks to advanced technology, we have software solutions that make HVAC work easier and better.
By adopting software, you will save time and money as it will help you to schedule work, create invoices, record work history, and easy payment methods. HVAC service dispatch software like FieldCamp provide features like scheduling, dispatching, invoicing, reporting, and direct communication between HVAC technicians and contractors.
Also, it will help you to improve customer service, increase technical support, and boost your revenue by managing your work automatically. Being in this industry, you have mistakes like lack of communication, assigning wrong work to the technicians, and giving false invoices to the customers, FieldCamp would not let you make this mistake. By adopting software solutions you will save from creating a negative impact on your business.
The software will help you to save from making such mistakes. HVAC techs are complex to use but field service management software will make it effortless for you. Let’s take an example, an HVAC manager has numerous tasks to perform like checking whether the work is done by a technician, the invoice has been sent to your customer, and tracking the time of the assigned work.
If you get a software solution, you will be able to manage all these tasks in one click. It would be fair to say that for HVAC business owners, it is a one-for-all solution.
Geothermal Heating and Cooling
Eco-friendly HVAC systems are in demand and several people choose HVAC technology that is sustainable. Don’t believe us? Here’s the proof. According to GWI, 60% of users will buy products if they are eco-friendly.
Now, when it comes to eco-friendly HVAC systems, geothermal systems always come on the list. Geothermal systems are used to cool buildings and are a resource for heating and air conditioning.
The sustainability of eco-friendly systems like geothermal heating and cooling systems is more than the traditional system. It is secure and more efficient to operate. New construction sites have started utilizing a geothermal system to save energy costs. HVAC companies are also following green projects for better services.
In operating, the geothermal heating and cooling system is quieter and comes under warranty. Several benefits like improved control, safety, saving energy efficiency, and high sustainability are the reasons for geothermal systems in the HVAC trends.
As an HVAC company owner, you want technology or software, which decreases your workload and makes it smarter. Well, we have an answer and that is smart thermostats. It is an emerging technology in US countries and is in trend because of its benefits.
The thermostat is a device that connects to Wi-Fi, which helps to connect to your HVAC system automatically. The device assists in adjusting heat and cooling temperature. Even if you are far from your place of work where the HVAC system is located, you can operate it.
It allows you to identify air quality, humidity levels, and changes in temperatures with real-time monitoring. It can be customized to a system with third-party integration like Google Home or Alexa.
DeVAP is an abbreviation of Desiccant Enhanced Evaporative. It is considered game-changing in the HVAC industry and has been the talk of the town in the global HVAC market. The technology merges desiccant and evaporative coolers together.
DeVAP technology cools the air using the system and its water runs into a honeycomb media. It is utilized to absorb humidity from the cooled air and convert it into dry air or similar air with the cooling effect of an AC compact unit.
It is an emerging trend that removes harmful chemicals and reduces energy costs. If you look at HVAC future trends, you will find DeVAP technology. The technology helps to shape air conditioning systems.
One of the advantages and demands for DeVAP is cost saving. The cooling units help to save around 40% to 80% than regular cooling units. It also powers solar energy and reduces energy consumption.
Ductless HVAC Systems
Do you face concerns about ductwork and installation in old buildings where there is no space for ductwork? Well, several HVAC business owners face the same issues and adopt a ductless HVAC system as a solution.
A ductless HVAC system reduces energy consumption by 30% and improves air quality. Also, the systems can be installed anywhere, whether it is a commercial building or houses; so, do not have to worry about managing as it is cost-effective and flexible.
The ductless HVAC system is small in size, thus your technicians can install it in any space. Moreover, it helps to improve carbon footprint and indoor air quality. Because of its eco-friendly, cost-saving, and flexible approach, the system became a popular trend.
IoT and Connectivity
IoT (Internet of Things) is trending in the HVAC industry because of its smart and accessible work. The Wi-Fi-connected technology will help you to control the system manually and remotely, so you can execute work anywhere.
IoT and connectivity help you to make adjustments in the heating and cooling temperature with mobile devices, computers, or tablets. With the help of IoT, you can perform smart work in your HVAC business-like setting different temperatures, data collection by sensors, and information about the automated work.
Several business owners think IoT has outgrown as a technology, guess what? IoT in the HVAC industry is expected to grow 63% by 2027. Therefore, it is not going anywhere soon in the HVAC.
The trend of going green in the HVAC industry is growing. Being an HVAC company owner, you have seen how customers have started expressing their concern about the environment and are willing to buy products that are environmentally friendly.
Thus, to remain in the competitive market, numerous HVAC owners decided to go green. The focus is to reduce energy consumption and make the HVAC system eco-friendly for the customers.
With increasing social responsibility and demand for eco-friendly HVAC equipment, you as an HVAC business should add green technologies like ice-powered air conditioners, geothermal energy, solar panels, which are energy-efficient systems.
Those were the latest and efficient trends that will help to shape your HVAC business and transform it to better and smarter.
Want to Manage Dispatching & Scheduling Work For Your HVAC Business With FieldCamp?
FieldCamp helps you to operate your HVAC business service easily by offering the best field management service for HVAC businesses!
By adopting eco-friendly technology like geothermal heat pumps, reduce commercial wastage, and decrease waste energy.
HVAC Industry trends show what technology and trends are most used and preferable in the HVAC industry.
Yes, as per the reports by Statista, the global market of heating, ventilation, and air conditioning is expected to reach $367.5 billion by 2030.
Whether you already have an HVAC business or planning to start an HVAC business, adopting these technologies and service solutions will help you to grow and improve your business. Field management service software like FieldCamp is an innovative software that will ease your field operation work.
FieldCamp helps you to manage your HVAC business. Just give it a try to FieldCamp and get various benefits of its services for free for a few days.