The global HVAC equipment market is positioned for another year of above-average growth, with the fundamentals in place for the United States that are the best in over 10 years, according to a report from Chisult Insight Co. Ltd.
What will be the next step for HVAC contractors as technology continues to drive change? Will an “Uber-like” HVAC contractor service model emerge? Don’t be left behind… and proactively plan for the future.
While the total construction market in the United States has grown at a modest compound annual growth rate (CAGR) of 2.4 percent from 2012 to 2014, IHS found in its recent report titled the World Market for HVAC Equipment that 65.2 percent of total HVAC units sold into nonresidential buildings were retrofit sales.
Demand for HVAC equipment in the United States is forecast to increase 6.8 percent annually through 2019 to $20.4 billion, recording gains over twice the rate of the 2009-2014 period, according to a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.
Make yourself unique and memorable, helping customers separate you from everyone else who just blends in. When you put these tools in place, customer acceptance and appreciation will seem very obvious, and, soon enough, you’ll be looking back and saying, “No wonder that worked. It was a great idea.”
The Deep South of the United States is the largest region of opportunity for growth in the North American HVAC market, according to a report from construction data provider CMD.
UTC Building & Industrial Systems, of which Carrier is a unit, has completed its acquisition of CIAT, a France-based HVAC company. UTC Building & Industrial Systems is a unit of United Technologies Corp.
The global commercial and residential HVAC systems market is forecast to grow from $75.4 billion in 2014 to $116.6 billion in 2019, registering a five-year compound annual growth rate (CAGR) of 9.1 percent, according to a new report from BCC Research.
The Sterling Group, a middle market private equity firm based in Houston, announced that its affiliated investment fund, Sterling Group Partners III L.P., has completed the acquisition of Roberts-Gordon LLC.
Despite the economic downturn, HVAC industry revenue from 2009 to 2014 increased at an annualized rate of 2.4 percent. With the positive developments now seen in the market, industry revenue is forecast to rise over the next five years, with significant growth in 2014.