Chirag Yadav

Chirag Yadav

June 15, 2023 7 minutes to read

New HVAC Industry Trends to Watch Out for in 2023

New HVAC Industry Trends to Watch Out for in 2023

The past year brought significant changes to the industrial world, and it’s no surprise that these changes have also impacted the heating, ventilation, and air conditioning (HVAC) sector. In this article, I’ll discuss the most prominent HVAC industry trends to watch in 2023.

The HVAC industry has been growing steadily for several years now and is projected to continue its growth in 2023. I recently read a report by Statista which indicates the global market for HVAC systems is projected to reach $367.5 billion by 2030, with a compound annual growth rate of 3.9 percent between 2020 and 2030. Additionally, the US Bureau of Labor Statistics predicted that the HVAC industry will add 19,000 jobs between 2020 and 2030, with a growth rate of 5 percent. With these projections in mind, it’s clear that the HVAC industry is a growing sector with significant potential for HVAC professionals and business owners.

To keep the growth steady, it is important to keep an eye on the latest HVAC industry trends. Let me take you through the latest HVAC industry trends in 2023.

HVAC Industry Trends 2023

1. The Rise of Smart HVAC Systems

Smart HVAC systems have been on the rise for some time, and it’s no surprise that they’re still at the top of the list for new trends in HVAC industry in 2023. 24% of U.S. households owned a smart thermostat in 2022. These systems use IoT technology, allowing homeowners to control their heating and cooling remotely, which provides a more convenient and efficient way of managing their HVAC systems.

With smart HVAC industry trends 2023 in various systems, you can set your heating and cooling preferences based on your schedule, ensuring your home is always at the desired temperature. Moreover, smart HVAC systems provide insights into energy usage, allowing homeowners to reduce energy consumption and save money on utility bills.

2. Optimizing HVAC Using Data-Driven Approach

Data-driven HVAC optimization has been gaining popularity in recent years. This approach involves collecting data on HVAC systems, analyzing it, and then using the insights gained to optimize the system’s performance. This method is more efficient than traditional physical-based methods, which can be time-consuming and costly. Data-driven optimization allows HVAC contractors to diagnose issues more quickly, reducing the time required to fix problems and improving overall system performance. With the right tools and technology, HVAC professionals can collect and analyze data more efficiently than ever.

3. Geothermal Heat Pumps awaiting their moment

Geothermal heat pumps have been around for some time, but they have yet to gain widespread adoption in the HVAC future trends. However, with the renewal of the HVAC technology tax credit, geothermal heat pumps may finally have their moment. These pumps use the earth’s natural heat to warm or cool a building, making them an eco-friendly and efficient alternative to traditional HVAC market trends. While the number of geothermal heat pumps installed each year has remained steady at 50,000, experts predict that this number could rise as more homeowners and business owners look for alternatives to traditional heating and cooling systems.

4. AI meets HVAC

Artificial intelligence (AI) has been making its way into various industries, and the recent trends in HVAC industry is no exception. A recent publication in Frontiers in Built Environment states that AI could be used to oversee operational device functionality in HVAC systems, thus increasing thermal comfort. The paper suggests that machine learning, logic inference, and search algorithms could all be used to achieve this goal. With the increasing availability of data and advances in AI technology, it’s only a matter of time before AI becomes a standard feature in HVAC market trends & related systems.

5. Focus on Green Consumerism

Consumer trends resource GWI found that, as a whole, today’s consumer wants greener products more than ever. In a 2022 report, GWI states that three out of five consumers are willing to pay more for eco-friendly products. That’s a stat that the HVAC technology trends & industry cannot afford to ignore, especially when every country is introducing new laws to fight climate change. If your HVAC technology is not as energy efficient as it should be, there’s never a better time than now to make the shift to greener technology. Consumers, including leads and customers that already own and use your HVAC units, are expecting it.

6. Ductless HVAC Will Continue to Grow

There are many reasons for the average consumer to switch from ducted HVAC systems to ductless ones. Ductless systems such as ductless mini splits can offer heating and cooling in one unit, reducing the need to pay twice for installation and maintenance.

Ducts are imperfect technology and prone to air leaks that cost consumers their monthly energy bills. Further, ductless technology such as mini splits can heat or cool in specific areas known as zones, which makes for a more energy-efficient system overall.

If your HVAC company only dabbles in ductless technology now, it’s time to incorporate more ductless options to meet the growing consumer demand.

7. AR Will Transform HVAC Maintenance Efficiency

Augmented Reality (AR) can transform HVAC maintenance and repair by providing technicians with real-time data and visualization tools. Remote assistance through AR can connect technicians with experienced professionals to guide them through complex repairs, saving time and money.

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8. Digital Zoning & Remote Work

Another emerging HVAC trend in 2023 is digital zoning, which allows homeowners to divide their homes into multiple zones with separate temperature controls. This technology uses smart thermostats and sensors to detect occupancy and adjust the temperature accordingly, providing personalized comfort while reducing energy waste. With remote work becoming more prevalent, digital zoning is becoming increasingly popular as homeowners spend more time at home and require a more comfortable and efficient way of managing their HVAC systems.

AR can be used for virtual training, reducing the risk of accidents and errors as well as improving the overall quality of maintenance and repair work.

Also, AR visualizations can provide real-time views of HVAC systems to identify potential challenges and improve accuracy, reducing the time it takes to diagnose and repair problems. AR can also be used to provide real-time data on the performance of HVAC systems to help technicians plan maintenance and identify potential problems before they become significant issues.

What’s Next?

The HVAC industry is an ever-changing concern, and staying up to date with present-day developments is vital for organizations to remain competitive. From the emergence of clever HVAC systems to the usage of advanced technology like AI and records analytics, there are lots of thrilling developments going on in this enterprise. There is a growing trend in the direction of eco-friendly technology and ductless structures that companies need to take note of. Notably, some HVAC companies are using Augmented Reality to lessen expertise gaps and raise the frame of workers’ performance, among different blessings.

By adopting these traits and making an investment in the new generation, HVAC companies can live in advance of the game and offer higher offerings to their customers. For each person on this subject, keeping up with those developments is vital for fulfilment due to the fact the business enterprise continues to adapt rapidly. The destiny of HVAC appears vibrant, and we can anticipate greater exciting traits within years in advance. Whether you’re an HVAC technician or a business corporation proprietor, staying knowledgeable about those traits might be crucial for your success in this dynamic region.

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Some of the key industry trends in the global HVAC market include the increasing demand for energy-efficient and eco-friendly systems, the adoption of smart and connected HVAC systems, the growing popularity of ductless systems, and the use of advanced technologies such as AI and data analytics.

The global HVAC market size reached about USD 158.8 billion in 2022. According to a report by MarketsandMarkets, the global HVAC market size was valued at USD 202.8 billion in 2020 and is projected to reach USD 277.3 billion by 2026, at a CAGR of 5.4% during the forecast period.

It is projected that the HVAC sector will continue to experience growth in 2023 and beyond. The increasing demand for energy-efficient and eco-friendly systems and the growing popularity of smart and connected HVAC systems are expected to drive market growth in the coming years.

The HVAC industry holds significant potential for the future, particularly in the area of energy-efficient and eco-friendly systems. With the increasing demand for sustainable solutions, smart and connected HVAC systems, and advanced technologies like AI and data analytics, the industry is poised for significant growth in the coming years.

The primary factors driving growth and opportunities in the HVAC system market include the increasing demand for energy-efficient and eco-friendly systems, the adoption of smart and connected HVAC systems, the growing popularity of ductless systems, and the use of advanced technologies such as AI and data analytics. I also believe that the increasing demand for HVAC systems in emerging economies and the growing trend towards green buildings are also expected to drive market growth.
Chirag Yadav

Chirag Yadav

VP of Sales and Partnerships at Plutomen

Chirag brings with him 15+ Years of experience in Digital Transformation, and IT Leadership. At Plutomen, he holds deep experience in business with a track record of customer-centric approaches helping them build business transformation.

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