An ASHRAE and AHR Expo survey sent to more than 1,000 HVACR manufacturers worldwide found there is growing optimism for improving business prospects in 2015.
According to ACHR News, based on survey results, 87 percent of the respondents said their prospects for business were either “excellent” (26 percent) or “good” (61 percent) for the coming year. Thirteen percent of the respondents felt prospects were “fair.”
These results are an 8 percent jump over last year’s survey that found 79 percent of respondents expected the economy would be better in 2014 than 2013.
It also represents a substantial 17 percent increase in optimism over the previous year’s survey when 70 percent of the respondents thought 2013 would be better than 2012.
In keeping with this positive outlook, 96 percent of the HVACR manufacturer respondents believe 2015 sales will continue to increase, with 47 percent expecting sales increases of between 5 percent and 10 percent.
Twenty nine percent of respondents forecast sales increases of more than 10 percent, and 20 percent expect increases of less than 5 percent.
Only 3 percent expected sales to remain the same. This represents a 6 percent increase over last year’s forecast and a 16 percent jump over the 2013 survey.
When asked which market segments would be the most promising in 2015, Hospitals/Healthcare ranked first in the “excellent” and “good” categories, followed closely by Light Commercial. Heavy Commercial, Data/Telecom Centers, Manufacturing/Industrial, and Office Buildings also ranked highly.
Heavy Commercial, Light Commercial, and Data/Telecom showed the biggest increases over last year’s survey with double digit increases.
Regarding the industry categories where HVACR manufacturers see the best prospects for business, New Construction was mentioned by 40 percent of respondents and climbed to number one, gaining 11 percentage points from the 2014 forecast.
Maintenance/Replacement was second (32 percent), followed closely by Retrofit/Renovation (28 percent). Last year, all three were rated fairly equally with only a couple of percentage points separating them.