Contracting businesses working to install HVAC will likely see business thrive over the next couple of years, as a recently white paper published by CMD said sales reached $50 billion in 2014 in both the U.S. and Canada.
Contracting businesses working to install HVAC will likely see business thrive over the next couple of years, as a recently white paper published by CMD said sales reached $50 billion in 2014 in both the U.S. and Canada. High-rise structures are the current big-ticket item across the industry. This will only get better, according to Consulting-Specifying Engineer.
Regardless, U.S. producers of HVAC equipment can be optimistic about their potential sales over the next 2 years. They will see an ongoing cyclical improvement in construction and trends within the various types of structures that will give them a boost. The following sections highlight trends expected to impact the activity levels in the next 2 to 3 years.
Some telling statistics from this white paper include:
U.S. HVAC sales and shipments increased 1.7 percent from 2013 to 2014, with new orders up by 5.4 percent.
Canada saw even better movement, with an increase of 10.4 percent in the same period and a new order increase of 17.5 percent.
Unfilled orders were 19.5 percent in the U.S. and 12.3 percent in Canada
Read more on this recent CMD report on Consulting-Specifying Engineer. What direction do you see the HVAC industry taking over the next two years? Let us know.
