Issue link: https://te.mouser.com/i/1478952
SUSTAINABILITY, RELIABILITY & EFFICIENCY: A LOOK INTO TODAY'S TRENDS AND OPPORTUNITIES FOR HVAC Sustainability, Reliability & Efficiency A Look into Today's Trends and Opportunities for HVAC 2 We at TE Connectivity (TE), a world leader in connectivity and sensor technology, have taken a closer look at the HVAC market and are sharing our insights to help manufacturers capitalize on the opportunity for innovation and market share gain. Engineers need to be aware of the myriad of global issues and trends driving HVAC systems growth, and the design and technology challenges that must be considered. Market Shifts and Trends We are all living amidst unprecedented change, resulting from a cross-current of environmental and public health issues that are impacting our world and heightened focus on healthy, energy-efficient solutions. As the adoption of energy-efficient systems that reduce costs and power wastage becomes more prominent around the world, here's a closer look at the underlying changes that are driving HVAC growth now and will continue to do so, into the foreseeable future. Energy-efficient system advancements are fueling the significant growth of the global HVAC market. With recorded sales of approximately $241 billion in 2020, HVAC is projected to reach more than $300 billion by 2026. 1 Residential Houses, small stores and restaurants Commercial Office buildings, hotels, shopping malls, warehouses and medical establishments Net Zero and Decarbonization The march to net zero is an unavoidable reality in the continuing fight against climate change and presents a direct challenge to the buildings and construction sectors. A 2019 report from the International Energy Agency (IEA) indicated that these two sectors combined were responsible for more than 30% of global energy consumption and nearly 40% of carbon emissions. Diving into 2022 and beyond, government and industry leaders are focused on identifying ways to address energy and clean air issues in the face of major environmental, healthy living and consumer trends that drive how we all live and operate. One area of focus: HVAC. HVAC systems provide heat, ventilation, and air conditioning for both residential and commercial buildings. These systems filter and clean indoor air to keep people healthy, comfortable and maintain optimal humidity levels. With a focus on energy-efficient and clean air advancements, HVAC capabilities are effectively attempting to address climate change and decarbonization concerns while also delivering the kinds of safe, healthy, and comfortable-living solutions required from a growing and increasingly urbanized population.