According to HVAC TRENDS, the biggest HVAC future trend is growth. An AHR Expo and ASHRAE Journal survey found nearly 88 percent of respondents in the HVAC industry reported a “good” or “excellent” business year in 2019, and 43 percent of those respondents expected 5-10 percent growth for their business. Another 23.5 percent expected growth to exceed 10 percent. This is a slight dip from the previous year’s survey, but still a remarkably positive assessment of how current HVAC businesses are doing.
More and more consumers express concerns about the environmental impact of the products and services they buy. They’re often willing to pay more for the sustainability of options that are more environmentally friendly than others, whether in new building projects or retrofits. GlobalWebIndex found a rising number of consumers were ready to pay for more expensive, eco-friendly products, including 46 percent of Baby Boomers and 61 percent of Millennials.