Kyle Gargaro, Editor–In–Chief of the NEWS at ACHR News, recently provided a little insight as to what to expect in the HVACR Industry for 2017. Check out an excerpt from the article, below.
I don’t want to jinx all the fine folks in the HVACR industry, but 2017 might be a pretty good year. In my mind, the annual AHR Expo is always the unofficial start to the HVACR calendar year. The rest of the country has Ryan Seacrest and Carson Daly (or Mariah Carey looking annoyed and confused on stage) to help them ring in the New Year, but we have Wi-Fi thermostats and new geothermal products being displayed at the expo.
Anecdotally, those I’ve spoken with are very bullish on the next 12 months. This coincides with a recent AHR Expo-sponsored study that surveyed more than 1,400 HVACR manufacturers and the results showed there was much optimism for 2017. Based on survey results, 86 percent of the respondents expect their sales to grow in the coming year. Of these, 27 percent believed their business would increase by more than 10 percent, indicating a 6 percent jump from 2016. Respondents forecasting their business growth to be between 5 and 10 percent in 2017 increased 5 percent from 2016 to a total of 38 percent. Twenty-two percent of respondents indicated business growth of less than 5 percent and 11 percent anticipate business activity to remain the same for 2017.