How is HVAC doing lately?

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by a searcher from University of Texas at Austin
in San Francisco, CA, USA

5yrs ago

How is HVAC doing lately?

I’m curious how HVAC is doing now that we’re a year into (and hopefully nearly out of) the pandemic.

I know things ground to a halt in Q2 but how about since?

Are new install / change outs rebounding?

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reply by a searcher 5yrs ago
from Portland State University in Portland, OR, USA

Residential HVAC sector has been hot. Possibly over heated with everyone making improvements to their homes/residents supported by easy financing for new equipment driven by buyers wanting to enter the sector. Starting to see sales trend leveling off (normalizing from pent-up demand of 2020 stay-at-home orders). With continued re-openings, think the residential customer will begin to put their discretionary funds to other uses. However residential HVAC sellers are in the driver position for now asking and receiving high multiples...

reply by a searcher 5yrs ago
from Tilburg University in København, Danmark

Agreeing with Oleg. Orderbooks in Europe are full for quite some months ahead. Long installment/delivery times due to higher demand and workforce scarcity. The question many players in the 'renovation / contruction' industry ask is will this rebound Q4 or like 2022? Unsure of course, but my vision is that government budget cuts will follow somewhereredactedwhich could ultimately lead to negative growth.