HVR-JUN21-PG14.qxp_Layout 1 28/5/21 13:58 Page 1
Industry insight
Change ahead for
HVAC market
Haier HVAC Solutions European general manager Bob Cowlard discusses how the industry is adapting as we emerge from lockdown
T
!" June 2021
he months ahead will be challenging ones for many projects in the HVAC industry. The pandemic has led to an increase in home working which can only be good for the residential market but on the commercial side these are likely to be days of turbulence. Projects that have been on hold could be slow to be released. Others are likely to go back to the drawing board where they will be completely reappraised and possibly value engineered, and, sadly, some will be cancelled. We do hope that after months of enforced study time new projects will come on stream that meet the needs of the new normal. One thing for certain is that the months ahead will be ones of recovery for the commercial market. So, it’s important that we show our commitment to our customers and be ready for growth when it comes next year. On the positive side there is a good amount of pent-up spending in the economy. This is mainly coiled up with consumers and the reason for this is that while some people have been made redundant or have been furloughed, many have worked from home and carried on as normal.
With no holiday and travel to work costs to worry about – and with pubs and restaurants closed for a long time too – a lot of money has been saved. In many instances this will be released and with household domestic appliance sales already seeing an increase during lockdown, we will now begin to see a rise in consumer spending on going out. It will also be interesting to see how this filters into the new offerings from the retail and entertainment industry. What’s going to be critical to us as an industry is the reaction from the business and commercial customers. There’s much discussion about potential
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