News / Service Market / New Construction Market

Manufacturers Predict Improving Economy

growth chartWESTPORT, Conn. — According to a recent AHR Expo survey sent to more than 1,000 HVACR manufacturers worldwide, 70 percent of the respondents expect the economy to be better in 2013 than in 2012. In fact, 15 percent of the manufacturers expect a “much better year” while 28 percent of respondents expect the economy to remain the same. Just 3 percent expect it to be worse than 2012.

In keeping with this optimistic outlook, 86 percent of the HVACR manufacturers believe sales will increase next year, with 35 percent of respondents expecting sales increases of more than 10 percent. Thirty-two percent forecast sales increases between 5 and 10 percent, and 19 percent expect increases of less than 5 percent. Eleven percent of respondents believe sales will remain the same, while only 3 percent expect sales to decrease.

Many respondents (41 percent) said the residential sector would account for the strongest demand for new products, followed by institutional (30 percent), industrial (19 percent), light commercial (7 percent), and heavy commercial (3 percent). The industry categories expected to show the strongest growth are renovation/upgrade (42 percent), new construction (34 percent), and replacement (24 percent).

More than two-thirds of the respondents (67 percent) predicted that the greatest demand for new products would come from domestic markets and 33 percent from international markets. Of these respondents, 52 percent said the greatest demand for new products would come from the healthcare segment, 45 percent from industrial plants, 43 percent from the educational marketplace, and 42 percent from government/civil.

Positive Expo Outlook

To meet this demand, 75 percent of AHR Expo exhibitors said they will be introducing new products or services at the upcoming 2013 show. The expo will take place in Dallas on Jan. 28-30.

“It is good to see that manufacturers continue to be optimistic about the HVACR sector of the economy,” said Clay Stevens, president of International Exposition Co., which produces and manages the AHR Expo. “These survey results seem to suggest a strong show in Dallas.”

Stevens pointed out that while the percentage of manufacturers who expect the upcoming year to be better has continued to climb every survey, the percentage expecting the economy to be worse has also been steadily declining. Another encouraging sign of an economic uptick is that compared to last year’s survey, 3 percent more respondents plan to introduce new products at the 2013 show.

The 2013 AHR Expo will feature more than 1,800 manufacturers and suppliers from around the world, showcasing hundreds of innovative new products to nearly 45,000 industry professionals. The 2013 AHR Expo is co-sponsored by ASHRAE and the Air-Conditioning, Heating and Refrigeration Institute (AHRI). The Heating, Refrigeration and Air-Conditioning Institute of Canada (HRAI) is an honorary sponsor. ASHRAE’s Winter Conference is held concurrently with the AHR Expo each year.

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Publication date: 12/3/2012

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