Rising energy costs are compelling heating, ventilating, air-conditioning, and refrigerating (HVAC&R) manufacturers to focus on developing energy-efficient, environment-friendly, and easy-maintenance products.
Frost & Sullivan finds that the North American HVAC&R Compressors Markets earned revenues of $270.5 million in 2005 and estimates this to reach $373.1 million in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of North American HVAC&R Compressors Markets, then send an e-mail to Trisha Bradley, Corporate Communications, at trisha.bradley[.]frost.com with your full name, company name, title, telephone number, fax number, e-mail address, and source of information. Upon receipt of the above information, an overview will be sent to you through e-mail.
“With HVAC systems accounting for approximately 40.0 percent of the energy used in U.S. buildings and end users gaining awareness about the high-energy costs generated from inefficient HVAC systems, market participants are offering units integrated with embedded systems to enhance utilization and save money,” observes Frost & Sullivan Research Analyst Jorge Moreno.
In addition, the drive toward energy-efficient products stems from the latest American Society of Heating Refrigeration and Air conditioning Engineers (ASHRAE) 90.1-1999 standards and Standard Energy Efficiency Requirements (SEER) 13 regulations that prescribe the minimum efficiency requirements in new and existing buildings.
Much of the groundbreaking technological advances are taking place in terms of improved compressor design, increased control over circulation, and automated network control that allow end users to save between 40.0 and 60.0 percent of their previous utility costs.
Latest offerings also include variable speed drive (VSD) compressors that provide the lowest power consumption at start-up along with full and part-load conditions and products compatible with different horsepower and pressure ranges to ensure maximum efficiency.
While these advanced features offer a distinct competitive edge to manufacturers, the challenge lies in achieving the optimum balance between quality and price.
In addition to reducing overhead and production costs, manufacturers should consider consolidating, moving to niche markets, and/or changing distribution channels to maintain profit margins.
“In the long term, educating building owners about the quality features and life cycle values of HVAC&R systems will prove to be a valuable growth strategy,” says Moreno.
North American HVAC&R Compressors Markets, a part of the Building Technologies Subscription, provides an overview and outlook for these markets. This study provides insights into reciprocating, scroll, screw, and centrifugal compressors. It includes detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews are available to the press.
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