The HVAC industry has seen several changes over the years due to innovations and advancements. Who would’ve thought the day would come when we could control our air conditioners with our voices? Years ago, that would’ve been impossible to achieve.
The HVAC industry has also changed due to consumer demand. Although the goal of HVACs is still to offer comfort, today’s customers are also concerned about the environmental impact of their heating and cooling devices. With that said, the HVAC industry has had to adapt to meet these trends and more.
Below, you will find a few of the trends that HVAC companies have adapted to, which you can anticipate in 2022.
Customers are “going green”. The increasing concern for eco-friendliness has forced HVAC companies to develop environmentally friendly HVAC systems -- in other words, ones that reduce a customer’s carbon footprint. Although this results in the price of “green” HVAC systems going up, customers are actually willing to pay more. A study by GlobalWebIndex found that 61% of millennials are ready to pay for pricier eco-friendly products. Eventually, however, the price will go down, given the level of competition in the HVAC industry.
One of the key HVAC market trends in 2022 involves connectivity. According to MediaPost, around 69% of households in the United State have IoT (Internet of Things) devices or smart devices, such as Google Home. Smart technology lets customers connect their devices -- including their HVACs -- so that they can “communicate” with one another. It also allows users to remotely control the temperature, humidity, airflow, etc., in effect, enhancing their energy efficiency.
Similar to smart technology, another trend that customers anticipate in 2022 is automation. Appliances that come with automation features will be at the forefront, as more and more customers are searching for HVACs with energy-saving capabilities. They want energy-efficient solutions without having to monitor them on their own. In other words, they want HVACs that have “initiative”. Some HVAC systems are already applying automation, such as:
Those who are seeking work in the HVAC industry are in luck. Due to the talent shortage, HVAC companies are looking for skilled technicians -- 138,000 technicians, to be exact. Since experience isn’t necessary to enter the workforce, new workers only need to learn the tricks of the trade.
Another trend that HVAC companies need to adapt to is electronic payments. To stay competitive, HVAC companies need to provide their customers with convenient ways to pay. This change is due to the rapid rise of online payment apps such as FusionPay, partially due to customers’ preference for contactless payments -- a result of the recent global crisis.
It will be interesting to see how HVAC companies and technicians will adapt to these trends in 2022. There’s no doubt that the changes we’ll see in the coming year will be carried over to 2023, 2024, and so on, given the global movement to end climate change. If you’d like to know more about HVAC market trends to expect in 2022, consult an HVAC expert today.