The US HVAC systems market size was valued at $16.54 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. That’s some big bucks and complementary factors such as population growth and a growing real estate market will only serve to drive these costs to the upper end of the range.
In the northern areas of the country, heating is the big H in HVAC and as energy costs and electricity demands continue to increase, the market for efficient heating equipment is set to grow and innovate at an even faster rate.
Heat-Timer® has its finger on the pulse of trends and initiatives in the heating industry for sure, monitoring initiatives across the country. Initiatives like local law 97 in New York City and others will drive multi-family building owners to get their carbon footprint reduced or eliminated, or risk thousands of dollars in fines. Here are some of the big trends we see for 2023.
Heating Equipment Efficiency Upgrades
Heating systems in multi-family buildings typically rely on boilers to deliver hot water or steam throughout the system. Replacing these boilers can be a large expense and many of them have years of useful life left.
Still, it’s a fact that boilers that are not ENERGY STAR certified, are 14% less efficient than those that are. Nationally that would amount to a savings of over $1 billion dollars a year and over 23 billion pounds of annual greenhouse gas emission that wouldn’t happen, equivalent to the yearly emissions of over 2 million cars.
For building owners in this predicament, there’s always Heat-Timer® Platinum Series Controls. These internet capable controls connect to Steam or Hot water (hydronic) boilers old and new without the need for plumbing or major wiring upgrades. Just putting an Internet capable Platinum Control with wireless space sensors in your building can save you up to 30% monthly on your heating bills and squeeze every bit of life out of that older boiler until you are ready to replace it.
Wireless Connectivity And Data
The use of the Internet of Things (IoT) and other wireless connectivity will enable HVAC software to better relay data on improving cost efficiency, sustainability, and operational readiness without a single trip to the boiler room. These solutions will allow commercial building managers to control and monitor various aspects of HVAC systems from a portable mobile device. Again Heat-Timer® Platinum Series Controls were ahead of this curve, having provided internet and wireless remote sensor upgrades for the world’s best selling commercial heating control for years.
Think of the Internet enabled Heat-Timer® control with wireless space sensors as a self-learning, out of the box energy management system. It can identify areas where heating needs to be maximized and reduced, creating a more efficient way of controlling your system. This increased monitoring and connectivity not only saves money, but allows for predictive alarm notifications, remote maintenance and improved repair times.
Use Of “Smart” Technology For Automation
Smart automation also means that systems can utilize data to analyze usage trends and performance statistics and identify errors before they happen. In addition, smart automation ensures that HVAC systems operate more efficiently, such as maintaining rooms at an optimal temperature.
Ultimately, smart automation reduces costs for commercial buildings by implementing energy-efficient consumption, reducing errors, and improving convenience and environment quality. Large establishments that experience significant activity, such as apartment complexes and buildings, will benefit from automated solutions like Heat-Timer®.
Final Thoughts On Commercial Heating Trends For 2023
As a whole, HVAC trends for 2023 are mostly centered around reducing fuel costs by increasing operational efficiency and sustainability. These are positive trends for the industry and the planet and are in line with global sustainability efforts. The introduction of IoT and more smart automation technology will also help reduce maintenance costs, increase automation and data driven improvement, while improving customer satisfaction and comfort.
At Heat-Timer® we are at the forefront of these initiatives. Providing the world’s most advanced heating control systems for both large and small buildings. (see Heat-Timer Genesis for small buildings)
For more information on how Heat-Timer® can help your commercial building save money and comply with greenhouse gas reduction standards call our team today. (973)575-4004 Ext #2.