The 2008 recession hit HVAC hard. But the recovery has been solid with more momentum expected in the coming months.
HVAC sales are largely comprised of new commercial and residential installations and change outs of legacy systems with maintenance doing its part.
Real estate experts believe that 2018 will see at least 1.33 million residential housing starts. Coupled with the fact that a record number of housing permits have been issued from the municipal offices in 2017, the scenario bodes well for HVAC businesses.
The commercial sector will see growth as well, given the larger order values and the more expensive equipment. The 2.4% rise in construction in the hotel space and the 1.1% increase in industrial buildings will make significant contributions towards the net revenue of the sector.
Last but not the least, the anticipation around movement triggered HVAC and sensor enhanced systems (or smart HVAC systems) will imbue many households – especially those headed by Millennials – with purchase intent, even if the existing set-ups are satisfactory.
Alan Manufacturing’s Promise to HVAC Businesses:
Every obstacle is followed by opportunity.
As the lingering effects of recession dissipate, HVAC players now have the chance to present themselves as innovators and reliable partners for families and organizations alike.
Partners who work behind the scenes to make lives that much easier.
Alan Manufacturing Inc. has been assisting some of the most renowned names in HVAC for 25 years. We have designed thousands of custom products and offer excellent retrofitting, upgrade, replacement, repair and maintenance services. Collaborating with us is a “breeze”!