Page 30 - Climate Control News - July 2018
P. 30

Products dominate trade show floor
IT WAS AN ACTION PACKED OPENING DAY AT ARBS 2018 WITH PLENTY OF PRODUCT ANNOUNCEMENTS, INFORMATIVE PRESENTATIONS
AND AN EXHIBITION FLOOR SHOWCASING THE LATEST TRENDS AND TECHNOLOGIES IMPACTING THE HVACR INDUSTRY.
WITH more than 300 exhibitors and thousands of attendees checking out the latest product re- leases on display, there was a lot of movement on the trade show floor.
Innovation was the dominant theme this year with stands presenting a far more sleek and modern appearance compared to previ- ous years.
HVACR today is a fast moving industry, one that is experiencing “extraordinary” growth with no signs of a slow down, according to Ex- pert Group analyst, Michael McCann.
Releasing preliminary figures from the group’s latest research report, “Cold Hard Facts 3: Measures of Change”, McCann said
report findings reveal an industry that is changing rapidly.
“This industry isn’t just getting bigger, it is getting bigger at a faster rate,” he said adding that Australia is a country where everyone owns a couple of cars and three ‘splitties’ referring to split system air conditioners.
“Demand is growing at a time when many people thought the market would be saturated by now but it is actually accelerating.”
McCann said split systems have grown at a Compound Annual Growth Rate (CAGR) of 5.5 per cent for the past five years, and this is likely to continue.
Comparing figures from 2012 to 2016 Mc-
Cann said the value of installations has grown from $5 billion to $8 billion but actual wages across the industry have stayed the same.
“The real value of HVACR is evident in the numbers yet here we are the most invisible in- dustry in the nation, it’s time for us to take our place in the economic landscape,” he said.
While his presentation only covered prelimi- nary figures the final report will be released lat- er this year.
The biggest announcement of the first day was the release of Actrol’s DC-3, an innovative refrigeration system prototype which is ideal for cool rooms and boasts energy savings as high as 30 per cent.
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1. The industry’s biggest names were represented at ARBS 2018. 2. There were more than 300 exhibitors at this year’s event. 3. New product releases dominated the show. 4. The exhibition floor showcased the latest trends and technologies impacting industry.
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