Control specialist CAREL Group achieved revenues of €247.7million for the first nine months of 2019, a sales growth of 18.9% on the same period last year.
The figures include contributions from the purchase of German humidifier manufacturer HygroMatik and Italian air-to-air heat exchanger manufacturer Recuperator late in 2018. Excluding those contributions, revenues were €220.9million (+6%).
Sales of VRF systems and chillers grew in Europe in 2018, while there was also increased demand for air handling units, cooling towers, heat exchangers and IT cooling.
The latest study of HVAC equipment sales across the Europe, Middle East and Africa (EMEA) region by Eurovent Market Intelligence, based on data collected from manufacturers, also shows that rooftop unit sales were down 12% and chilled beams 6%, while the market for fan coil units is described as 'stagnant' across the region, despite a 13.1% increase in UK sales.
The sector was said to worth close to 7.5billion euros last year, with 2.3bn spent on split systems, 1.67bn on air handling units, 1.38bn on VRF systems and 1.03bn on chillers with a capacity greater than 50kW.
Ingersoll-Rand has announced its intention to acquire Thermocold Costruzioni, a privately-held Italian company that manufactures and distributes heating, ventilating and air-conditioning (HVAC) systems and solutions for residential, commercial and industrial buildings in Europe.
Dave Regnery, president, Commercial HVAC North America, Europe, Middle East and Africa, said: “This announcement is the next step in strengthening our portfolios to take advantage of the large market opportunity in Europe, and expanding distribution of Thermocold technologies to other parts of the world where demand is growing rapidly.”
One of Thermocold’s signature solutions includes the innovative multi-pipe HVAC system for high efficiency, simultaneous heating and cooling. This system recovers energy by shifting use from a separate boiler and chiller to one single, simplified multi-pipe unit that simultaneously delivers hot and chilled water. The system repurposes rejected energy, or uses renewable energy, for heating the facility delivering a more sustainable solution that reduces the amount of investment costs, use of floor space and total operating expenses. The multi-pipe system further contributes to lower the environmental footprint due to significant lower energy use.
Hans Güntner GmbH, which was the original name of the company, was founded in 1931 as a one-man business in a backyard in Munich. Today, the Güntner Group, which includes the sister companies Güntner GmbH & Co. KG, JAEGGI Hybridtechnologie AG and thermowave GmbH, boasts 9 production facilities on 4 continents and nearly 3,000 employees.
All aspects of the company's development have always been and continue to be shaped by internal driving forces: When Hans Güntner was unable to find any components for a facility that he was planning, he decided to build them himself.
Customers at the Steakhouse Amigo Ranch in Veendam, the Netherlands, enjoy their food in comfort thanks, in part, to a heat recovery system supplied by Mark Climate Technology.
The Mark Airstream CFX 6400 contains has an aluminium counterflow heat exchanger for recovering extracted heat, which is up to 90% efficient. The outdoor unit has an airflow of of 6400 m3/h. The restaurant has a 600m2 surface area and now gets ventilation without need for extra heating energy.
The kitchen now has three Mark extraction units whose air flow is 4000 m3/h.