According to Coherent Market Insights, the global tankless water heater market is estimated to account for $29.7 billion in terms of value by the end of 2027, witnessing a compound annual growth rate of 5.7% during the forecast period 2020-2027.
On a trailing 12-month basis, respondents reported average sales 11.1% in May of 2021 as compared to 7.3% in April 2021, when compared to the 2020 data.
The Valve Manufacturers Association of America (VMA) and the Hydraulic Institute (HI) announced the 2021 Virtual Market Outlook Workshop will be held August 5 - 6.
Plumbing Manufacturers International 2021 Virtual Legislative Forum prepared PMI's members for upcoming advocacy efforts at the federal and state levels, as lawmakers debate infrastructure packages, climate legislation and government spending within the context of a strong economic recovery. Presenters also discussed federal procurement requirements and anti-counterfeiting legislation.
During a webinar in late May, Dr. Kuehl gave his mid-year economic review, focusing on five key issues distributors should be monitoring: Inflation, consumer behavior, “normal” business, the global economy and market reaction.
As an extension of the QuickDrain USA total shower solution, aimed to reimagine how drains should look and perform, the company recently launched its new SquareDrain point drain. Plumbing & Mechanical attended the virtual product launch event in April.
F.W. Webb Co. announced the appointment of Deanna O'Donnell as vice president of marketing. In this role, she will oversee the alignment of corporate, product and market strategies across the company’s wholesale business and more than 48 Frank Webb Home retail showrooms.
Munch’s Supply has acquired Marks Supply, including its Watermarks division, nine branches, three retail plumbing showrooms and two distribution centers servicing the province of Ontario, Canada.
Coburn Supply Co. announced the promotion of 4th generation family members, Patrick Maloney and Michael Maloney, to executive leadership positions. Don Maloney and A.J. Maloney will transition to chairman and vice chairman positions for the board.