The HVAC industry has seen a significant shift recently toward environmental and green technology, overall growth, and smart technology. With increased awareness about climate change and the need for sustainable practices, HVAC industry trends are focusing on developing systems and products that are energy-efficient and environmentally friendly.
Heat Pumps Are On the Rise
Leading companies in the HVAC industry are investing heavily in research and development to create innovative and sustainable HVAC solutions. Heat pumps have taken off in recent years, with residential investments in 2020 topping $51 billion in the United States alone. They’ve become an increasingly popular option for households looking to regulate indoor temperatures during both summer and winter. Heat pumps use electricity instead of fossil fuels, making them a greener alternative for homeowners who are concerned about reducing their carbon footprint. With more Americans recognizing the benefits of heat pumps, the trend toward their adoption will continue.
Geothermal Power
Another trend in the HVAC industry is the move towards heating systems that use renewable energy sources such as geothermal, solar, and biomass. Geothermal systems, in particular, have gained popularity due to their high energy efficiency and low environmental impact. These systems use the natural heat of the earth to provide heating and cooling, making them a sustainable and cost-effective solution for homeowners and businesses. As of January 2021, the Geysers geothermal plant in California was the largest in the world, with more than 18 individual geothermal power plants.
Smart Appliances Aren’t Going Away
Smart appliances are another HVAC industry trend, with many companies developing remotely controlled systems using smartphones and other smart devices. This technology allows homeowners and businesses to monitor and adjust their HVAC systems from anywhere, making it more convenient and cost-effective. Smart appliances also come with features such as programmable thermostats and energy monitoring, which help users save on energy costs. The market share brought in $45.3 billion in 2022 but is expected to increase to $87.9 billion by 2027, according to Statista.
Cleaning Up the Air
In addition to these HVAC trends, there is also a growing demand for improved indoor air quality. With the increasing awareness of the health risks associated with poor indoor air quality, many homeowners and businesses are investing in HVAC systems that can filter out pollutants and allergens. In fact, 22% of respondents claimed that their main reason for keeping houseplants was to improve their air quality.
Integrated Systems
The HVAC industry is also seeing a rise in demand for systems that can be integrated with smart homes and buildings. The growing popularity of home automation systems such as Amazon Alexa, Google Home, and other connected devices are the main driving forces behind the trend. HVAC systems can be integrated into this as part of the Internet of Things, allowing homeowners to control their heating and cooling with voice commands or through mobile apps. Connections are expected to top 21 billion by 2030.
The HVAC industry is undergoing significant changes, driven by the need for sustainable and energy-efficient solutions. Companies are investing in research and development to create innovative systems that are environmentally friendly and cost-effective. Heating and air conditioning trends are shifting towards renewable energy sources and eco-friendliness, while smart appliances and integrated systems are becoming increasingly popular. To learn more about how Raynor Services can keep your home updated with the latest HVAC services and technologies, give us a call at (609) 845-3460.
