The HVAC industry is growing due to an increase in demand for energy-efficient products.
The annual growth in this industry between 2013 and 2018 is nearly 3.1%.
And through 2018-2023, it is predictable that it will continue to grow annually at a rate of 2.2%. According to an IBISWorld industry report, income from this industry in 2018 is $93.8 billion. Heading into 2021, it shows a new decade for the HVAC industry.
As environmental factors play a major aspect in consumer choices, it led to retrofit the whole HVAC system with new energy-efficient systems. Here is how the industry glances in the UK.
New Construction Is Half The HVAC Industry
Every building features some form of the HVAC system; new building and fitting make up over half the business segment. National standards for energy efficiency are likely to encourage people to upgrade their building with more energy-efficient systems.
As the national standards for power are increasing simultaneously, the demand for efficient systems will also grow. Further, with the increasing cost of electricity among homeowners and businesses, the requirement for energy-efficient systems is also mounting.
Small Business Growing A Foothold
With the rising demand for new construction, the number of small businesses is also growing and will help to lead the business. With the development of this industry, the number of professionals is also increasing to deliver the best HVAC services.
The commerce still depends greatly on in-house technicians for the conduction of installations as well as maintenance services. Therefore, the requirement for automation systems is also emerging.
As the teams of field services are trying their best to handle the demand, they are considering more utilization of field service software. Ultimately this will help them to reduce repair times and to become an efficient industry for delivering excellent services.
Final Words
With the increase in demand for HVAC businesses, more and more employers are turning to adopt field service software. This will help them meet the industry’s glance to schedule and route their employees for work order management.
