The HVAC industry has become one of the most dynamic in the past couple of years. New technologies are arising every day, and 2021 promises to be a year of change for the industry. It is fair to say that 2020 over-delivered on that front, but 2021 looks even better.
Commercial property owners anticipate many changes this year, including having smarter property and using energy-efficient solutions. This post focuses on the trends that will shape the HVAC industry in 2021. It includes what experts believe you should prepare for in 2021 in regards to HVAC.
Let’s get started.
Faster Industry Growth
The HVAC industry has seen exponential growth in the last few years. According to research, 43% of respondents in a survey expected a 5-10% growth in their businesses in 2019. Another 23% were positive that their business growth could exceed 10%, making it a good year for the HVAC industry.
2021 looks to get better in terms of industry growth. As a business owner, you need to ensure that you’re using the right HVAC infrastructure to keep up with this trend and scale your business. Besides, you need to invest in quality software to support critical processes in your business.
More Employment opportunities in HVAC than ever
As the industry expands, it creates more opportunities for professionals in the field. That is evident from the number of employment opportunities the industry has recorded recently. According to expert research, the HVAC industry in the US employed a record number of over 1.2 million people in 2018.
That shows the HVAC industry is, without a doubt, headed in the right direction. More competitors are entering the industry, creating more opportunities and improving HVAC with new trends. The industry further projects a 13% growth in the US HVAC industry by 2028, showing that things can only get better.
The “Internet of Things” is Becoming More Popular
The Internet of Things has been a buzzing innovation in the last few years. It showed great progress in 2020, and that was a year of great digital transformation in HVAC in several ways. IoT took a center-stage in the past year and gave experts and property owners a different view and unique approaches.
With IoT, property owners can diagnose and solve problems remotely. For instance, they can check their systems and see if air duct cleaning is necessary to maintain their systems. That helps to significantly reduce human contact and save valuable time by reducing the need to travel to check your HVAC.
Renewed Interest in Indoor Air Quality Products
The pandemic changed the work environment greatly in 2020. Many people preferred working from home to reduce the spread in the first and the second half of 2020. In 2021, normalcy resumed in the working environment but with employees and companies putting in measures to curb the spread.
One of the important things that companies are doing is improving the air quality in their premises. Even employees working from home are finding improved air filtration a necessity. That has made HVAC manufacturers think of new ways to filter the air in multiple stages.
Company culture matters
The HVAC industry is now embracing company culture than ever before. Companies are trying to create new opportunities for young talents and retiring the older generation of employees. Besides that, they’re trying their best to create a suitable work environment that suits them.
The kind of environment a company provides determines the productivity of young employees. As a company looking to attract a talented workforce in 2021, you need to ensure a suitable working environment.
Besides, you can make it your culture to motivate employees with incentives. Experts predict that company culture will be much more important in the coming years with the right solutions.
The Transition to Low-GWP Refrigerants
This trend is another vital one that the HVAC industry will see in 2021. In 2020, the US HVAC industry got a boost with legislation that looks to support its growth. The American Innovation and Manufacturing Act of 2019 seeks to change the production of next-generation technologies.
With 109 other countries across the world already transitioned to low-GWP refrigerants, the US looks to implement it too. That will see the EPA produce its HFC allocation rule within 270 days of enactment of this legislation. Eventually, HVAC users will see the phasedown of HFC refrigerants.
A Double Meaning for “Going Green”
The environmental impact of various products and services has been a source of concern for consumers. Today’s average consumer wants to contribute to environmental conservation. Research shows that many consumers are willing to pay more for the same service from a company that provides more environment-friendly solutions.
As an HVAC company owner, that should show you that you’re doing the right thing by investing in eco-friendly products and services. It is vital to find ways to satisfy this new trend to ensure that you do not lose out on market share.
Ensure that the products you stock support your customers’ environmental conservation needs. That will help you increase your customers and revenue for your HVAC company. Always focus on providing the best solutions for your customers and eco-friendliness is one of them.
More Employees Prefer Mobile-first Communication
Communication is an important aspect of every business and company. Effective communication makes it possible to achieve company targets and boost employee relations with businesses. One trend that HVAC companies are focusing on is using tools to make HVAC communication better and more efficient.
According to a survey, 45% of HVAC workers preferred text as a mode of communication in 2019. Most of them found emails and phone calls not only overwhelming but also time-consuming. Texts are as fast as phone calls and can make communication immediate and more effective in achieving targets.
Upgrading your commercial HVAC systems is vital as the industry implements various changes. Keeping up with the latest trends makes it possible to save financially by lowering your energy consumption. But then, you need an expert to help you upgrade your home since every property has unique needs.