ShareAustralia’s HVACR industry
According to IbisWorld research, industry revenue is forecast to increase at an annualised 1.8% through to 2019/2020 to reach USD 1.6 billion.
According to IbisWorld research, industry revenue is forecast to increase at an annualised 1.8% through to 2019/2020 to reach USD 1.6 billion.
The report stated that revenue decline over the five years through to 2014/2015 can be partly attributed to general declines in non-residential construction activity. Industry revenue decrease at an annualised 2.8% during this period to USD 1.5 billion.
Competing imports are estimated to total USD 841.2 million in 2014/2015 accounting for 37% of domestic demand, a rise from 33% in 2009/2010. Although exports play a smaller role in the industry, totalling USD 62.6 million, it is a critical income source for some companies.
IbisWorld said concerns about the environment, energy efficiency and water usage by cooling towers will continue to impact the industry through to 2020.
"Growth in demand for commercial heating and cooling equipment may be assisted by the replacement of existing chilling systems that use chlorofluorocarbon (CFC) refrigerants and the phase out of hydrochlorofluorocarbon (HCFC) sales” the report said.
The largest two companies, Daikin Australia and United Technologies Australia (which includes brand names AHI Carrier and Toshiba), are estimated to account for 21.4% of industry revenue.
Source: Climate Control News, May 2015
The report stated that revenue decline over the five years through to 2014/2015 can be partly attributed to general declines in non-residential construction activity. Industry revenue decrease at an annualised 2.8% during this period to USD 1.5 billion.
Competing imports are estimated to total USD 841.2 million in 2014/2015 accounting for 37% of domestic demand, a rise from 33% in 2009/2010. Although exports play a smaller role in the industry, totalling USD 62.6 million, it is a critical income source for some companies.
IbisWorld said concerns about the environment, energy efficiency and water usage by cooling towers will continue to impact the industry through to 2020.
"Growth in demand for commercial heating and cooling equipment may be assisted by the replacement of existing chilling systems that use chlorofluorocarbon (CFC) refrigerants and the phase out of hydrochlorofluorocarbon (HCFC) sales” the report said.
The largest two companies, Daikin Australia and United Technologies Australia (which includes brand names AHI Carrier and Toshiba), are estimated to account for 21.4% of industry revenue.
Source: Climate Control News, May 2015