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The cost of everything from groceries to used cars continues to climb, and the HVAC industry hasn’t been spared from price increases either. So what is causing these price increases?
Major U.S. retailers were caught with too much inventory and were being forced to heavily discount to liquidate it. This was the result of the Bullwhip Effect.
Trane Technologies’ commercial HVAC business announced a price increase of up to 18% on select Trane unitary, applied, and controls equipment with some items subject to additional increases.
SPX Cooling Technologies, Inc. is increasing prices effective immediately for Marley, Recold, and SGS Refrigeration brand products to offset commodity increases.
