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Data and Analysis Market News

PMR Report: HVAC market growth is set to slow down in 2019

According to our latest forecasts, after two years of high growth, the market of products intended for heating, ventilation and air-conditioning (HVAC market) will slow down next year.

The main reason for the slower growth rate in 2019 will be the slowdown in the residential construction market. The non-residential market also has lower growth forecasts, which will also have a negative impact on the dynamics of the HVAC market.

It should be noted, however, that the projected growth of over 4% y/y is still a very good result. Positive attitude is also prevailing among the companies from the sector: one third of the companies surveyed for the purposes of our latest report assume an improvement in the HVAC market in the future, and almost half (47%) do not expect any changes.

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