At the 2012 Air Conditioning Contractors of America (ACCA) annual conference, attendees had the opportunity to hear top executives from five major industry manufacturers discuss some of the hottest topics in HVAC. Some of the topics included regional standards, dry-charged unit sales, the R-22 price spike, and more.
According to the latest outlook from the National Association for Business Economics (NABE), economists are predicting moderate growth, a brightening employment picture, and an increase in housing starts in 2012.
Demand in the United States for HVAC equipment is projected to increase 5.1 percent annually to $16.8 billion in 2015, according to a study that came out in November titled HVAC Equipment from The Freedonia Group Inc., a Cleveland-based industry market research firm.
How did the economy fare in 2011? What will it do in 2012? These questions are tricky to answer, but as contractors prepare their business strategies for the coming year, many are looking to numbers and forecasts for direction.
So do you want the good news or the bad news first? Because there was both in the presentation economist Alan Beaulieu gave to the Heating, Airconditioning and Refrigeration Distributors International (HARDI) members at the recent HARDI Conference in Hawaii.