Study: HVAC control market poised for growth
The HVAC market is mature and stable, increasing the need for controls and BAS.
The HVAC market, like nearly all other markets, has been significantly impacted by the economic turmoil that materialized in 2008 and accelerated through the first half of 2009, according to the ARC Advisory Group . The HVAC market enjoyed a strong 2007 and early in 2008 the market looked like it was going to enjoy another strong year, but the collapse of the U.S. housing market and subsequent chain reaction of events made for a very difficult business climate for the remainder of 2008 and into 2009.
The HVAC controls industry is in the middle of a very interesting transition. The market seems to be mature and stable - the seven largest suppliers account for more than four-fifths of all sales. "However, fundamental changes taking place in the market, such as the need for enterprise visibility, integration of HVAC systems with other building automation systems, increasing use of analytics in HVAC control, energy management initiatives, and the impact of web enabled systems and cloud computing make this dynamic market ripe for innovation," according to ARC Research Analyst Joseph Gillespie, the principal author of ARC's " HVAC Control Systems Worldwide Outlook ."
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.