Newsline

NHF Study Predicts Shift

September 29, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

CHANTILLY, Va. - The New Horizons Foundation (NHF), an HVAC and Sheet Metal Industry Initiative, issued a comprehensive study titled The HVAC and Sheet Metal Industry Futures Study: Industry Trends and Drivers Shaping Alternative Futures.

The report identifies over 35 significant changes or developments that will influence future market opportunities and the nature of HVAC and sheet metal contractor operations five and 10 years from now. More than 75 individuals, enlisted from the HVAC and sheet metal industry and from related industry partners and other sectors of the construction industry, worked intensively for more than a year to develop the 136-page report.

The group identified and then examined the effect of the cornerstone factors that drive change in the industry - sustainability, globalization, workforce, and technology. When releasing the study to the industry, NHF Chairman George “Butch” Welsch noted that the HVAC and sheet metal industry “can use the report and associated research as a guide to making decisions that will involve accommodation to change and change at an accelerated pace.”

The study detailed six sets of environments: social, technological, economic, political and regulatory, competitive, and natural. With those environments as a starting point, the advisory groups then identified 15 top-priority factors ranging from consumer/client preferences and buying behaviors to consolidation and cost-saving efforts. These 15 factors were instrumental in creating a variety of future scenarios for HVAC and sheet metal contractors to consider and act upon.

“At no time in the past have challenges and opportunities been so clearly defined. This research report provides a very valuable tool,” said Welsch. From the contractor’s perspective, the report makes it clear that today’s markets and services will have little relevance to prevailing markets in five to 10 years.”

For more information, visit www.newhorizonsfoundation.org.

Publication date: 09/29/2008

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Rajan Rajendran

Rajan Rajendran, newly appointed director of the Emerson Innovation Center, talks about the new $35 million facility and how it will function on the University of Dayton campus. Posted on Aug. 29.

More Podcasts

ACHRNEWS

NEWS 09-01-14 cover

2014 September 1

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con