The HVAC industry has been experiencing robust growth and impressive innovations throughout the third quarter of 2015. Industry players have not rested on their laurels but have been busy developing and launching new products. For entrepreneurs in the HVAC niche, it is worth keeping abreast of these developments. HVAC technology in 2016 will likely focus on the following areas:
- Mobile device based HVAC maintenance and servicingExpect to see innovations in smartphone or tablet applications for monitoring HVAC systems remotely (for maintenance purposes). With this in mind, companies that focus on leveraging the power of mobile apps to address HVAC maintenance issues could become the dominant market players, according to the business development and digital marketing director at Goodway Technologies Corp, Tim Robb.
- Smarter HVAC systemsIt seems inevitable that electronic gadgets and equipment that contain electronic components are poised to get smarter. This is not surprising given the Internet-of-things (IoT) field has generated a lot of buzz in tech and business circles lately. According to Hal Conick of HPAC Engineering, HVAC contractors can use IoT technology to automate processes such as service and sales. By doing so, they will improve operational efficiency. This is in addition to better service delivery after analyzing data to pinpoint problem areas.
- Growing demand in new HVAC installationsThanks to a relatively stable and growing construction industry, HVAC installations are on the rise as well. Data published by PM Magazine shows that demand for HVAC installation in non-residential projects rose by 4.2% year-on-year through November 2014. Installations in the residential sector will rise significantly in 2015, according to a study carried out by ASHRAE.
- Demand for software tools to manage HVAC business processesHVAC industry players are clamoring for software tools that can make their business processes more efficient. A good example of this is an easy to use and mobile-friendly enterprise software solution that can make service delivery seamless and effective.
Conclusion
With the last quarter of 2015 underway, businesses and entrepreneurs should focus on HVAC technology in 2016. Some of these expectations include software tools for managing business processes, rising demand for HVAC installations, and smarter HVAC systems. Follow us for more articles that keep your HVAC system running efficiently and saving you money.