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