Heating, ventilation and air conditioning (HVAC) systems have gained entry to many homes and business premises in the recent years. In fact, the sales of HVAC systems have been ever increasing since its introduction into the market. As the technology advances, the HVAC industry has changed tremendously. Also, the regulations and government policies have played a significant growth in the HVAC industry.
The heating and Air-conditioning (HVAC) industry has been influenced by the rise in the construction industry. The HVAV sales have recorded increased sales due to the rise in the new installations in the residential and commercial premises. For instance, the past five years has seen the boom in the construction industry due to the increase in economic activity.
Technology has been the leading driving factor on the growth of HVAC sector. In fact, this is one the fastest-growing technology sectors. As the competition increases, the manufacturers are forced to design more innovative HVAC systems to comply with the ever-changing standards.
Also, the emergence of internet technology has played a significant role in the growth of the HVAC sector. In the recent years, the manufacturers have manufactured HVAC systems that can be easily automated. This has enabled business owners to utilize smart ventilation systems, smart thermostats, and smartphone applications. In this case, the sector has recorded a tremendous growth as the Internet technology allows the business and home owners to manage the energy use.