Twice a year, Honeywell provides an “Economic Outlook” from of its Home and Buildings Control Division. The company’s experience as a provider of controls to equipment manufacturers and to the aftermarket gives it a unique insight into the dynamics of the market.
“The large volumes of equipment installed in the housing booms of the 1970s and 1980s are increasingly at risk of failure, and significant replacement opportunities are expected to support high levels of heating-cooling equipment shipments over the long term,” the report says.