Recent developments in HVAC&R technologies offer plausible solutions to the global energy shortage and environmental emergency. Reduced operation costs, increased productivity, state-of-the-art comfort, eco-friendly operation and ease of maintaining indoor standards are the major advantages implementing the new, cutting-edge HVAC&R systems.
Frost & Sullivan finds that Advances in HVAC&R Technologies provide a gamut of solutions to improve system efficiency, which will immensely impact the worldwide effort in tackling soaring energy prices and reducing global warming. HVAC&R systems are abreast with developments in building automation systems, create state-of-the-art occupant comfort levels, ease standard and regulation compliance and reduce operational costs, thereby significantly increasing the return on investment of facilities.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Advances in HVAC&R Technologies, then send an e-mail to Trisha Bradley Communications at trisha.bradley[.]frost.com with your full name, company name, title, telephone number, fax number, e-mail address, city, state, and country. We will send you the information via e-mail upon receipt of the above information.
“HVAC&R systems account for 40 to 60 percent of the total energy consumed by commercial and residential buildings, offering companies an excellent opportunity to invest in research to develop products that will mitigate the energy crisis,” says Frost & Sullivan Research Analyst Ankit A. Shukla.
Novel technologies, such as geo-thermal heat pumps, under floor air distribution systems, building integrated photovoltaic systems, daylighting, and solar sorption are key technologies, which can immensely help in solving current energy related as well as environmental problems. These technologies reduce the dependence on conventional sources of energy by utilizing renewable sources.
Sensors and control strategies form a vital part of a HVAC&R system’s efficient operation. Optimized deployment of a larger number of sensors will provide vital system information and augment automated fault detection and diagnosis practices, which will immensely help in reducing energy wastage. Additionally, the use of smarter control systems assisted by sensor intelligence can help in successfully implementing strategies such as building energy management systems.
However, technologies in HVAC&R are not changing at a very rapid pace because of fairly satisfactory performance of original systems, limited investment in R&D, and insufficient interaction between industry and educational institutes. Besides, the industry has taken a watchful approach toward accepting new HVAC&R technologies, such as solar sorption, building integrated photovoltaic systems, and so on.
Some of the key factors influencing the developments in HVAC&R industry are regulatory guidelines, increasing energy prices, demand for increased comfort with greater involvement of occupants and the sensitivity to accept newly developed energy–saving techniques that have been cautiously and only partially explored by the market.
“Overdependence on conventional approaches, price, preference toward tried and tested technology, and a lack of awareness about the latest developments in HVAC&R products are some of the major challenges for the industry,” says Shukla. “As a result, while several product options and solutions exist, they are not, by and large, being demanded by the market.”
Working carefully and diligently on design, migration, and integration options, and most importantly choosing the right vendors for implementing solutions are critical for the successful implementation of the newly developed HVAC&R solutions.
Advances in HVAC&R Technologies is part of the Technical Insights - Building Management Technologies, which also includes research in the following markets: North American HVAC&R Compressor Markets; North American Sensor Market Opportunities in HVAC Market. All research services included in this subscription provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.
Advances in HVAC&R Technologies