In 2018, HVACR manufacturers reported progressive sales growth based on the latest ASHRAE Journal Annual Economic Outlook Survey and AHR Expo. The progress in the industry is expected to carry on in 2019 with continues increase of significant sales in the market.
The survey reported that 44% of respondents had a significant increase in sales of about 10% for 2018. Clay Stevens of AHR Expo said that the continued growth in the Heating Ventilation Air Conditioning and Refrigeration (HVACR) business requires industry professionals to keep up with the latest equipment and technologies for the sake of competition.
Below are a few predictions for 2019 in the HVACR industry.
Online Purchases Will Increase
These days, people are getting fond of buying products online. The HVAC industry is not new to online schemes as some consumers opt to browse through their website to buy an air conditioner, heat pump, furnace, and other heating and cooling equipment. With this, HVAC contractors have to be transparent on what they sell online to ensure consumers that they get what they paid for.
Financing Will Increase Its Importance
Do you want to buy an HVAC system but do not want to worry about your monthly bills? It is possible with a financing company by your side. Financing makes it easy for customers to buy an HVAC system or avail any services with flexible payment options.
Experts have predicted that in 2019, the need for financing in the industry will continue to soar high as HVAC equipment are getting more expensive and efficient. With the help of a financing firm, HVAC contractors can get a higher percentage of sales in the market.
Google and the HVAC Industry Will Become Close Partners in the Future
There’s no doubt about Google continuously getting into the HVAC business as the leading go-to search engine for both contractors and consumers. This is why contractors have to stay up-to-date with Google’s algorithm and requirements to remain on page one of Google’s searches.
As more people use Google to search for HVAC equipment online, it is crucial for these contractors to align their business to its landscape. The goal is to stay connected to Google and meet its requirements while providing consumers their exact needs.
Apparently, the HVAC industry continues to grow in sales and popularity. This 2019, watch out for more updates and innovations in the business by getting in touch with Johnston’s Heating & Cooling, LLC. Contact us for more industry news, updates, and information.