Confidential & Proprietary | 2024 CBRE Inc.
xxxxxxxxxxxxxxxxxxx
XXXXXXXXXXXXXXXX
Market Intelligence
HVAC
Industry Trends
Market Intelligence
- Control costs - given the overall inflationary environment and rising interest rates (labor and parts)
- Adaptation of services post-pandemic - hybrid working dictating peak / off-peak HVAC requirements
- Environment / compliance - ESG initiatives commensurate to climate change
- The need for trusted partners - who offer flexible, holistic services and can adapt to change
- Continuation of tight monetary conditions and FM refinancing will drive HVAC future solutions, service optimization, and innovative design / re-design
- Support and adherence to any new impending legislation
- Embrace new technologies that are cleaner and more efficient
- Virtual support, automation, AI technologies and smart integration will boost the productivity of systems and fill the void of unavailable labor
- Suppliers will need to leverage both customer and external data for competitive advantages in areas such as customer behavior and market dynamics
- HVAC companies are providing training to their employees, on technology updates creating highly skilled labor to manage the maintenance services effectively
- CBRE’s CMT (Country Management Team) can perform HVAC Maintenance Services in a number of countries
- Category led opportunity for capital refresh in line with new technology roll-out
- Replacement of existing products with less carbon emitting systems will drive the demand across regions
- Change to contracting terms for Preventive and Predictive Maintenance
- Integrating HVAC systems to BMS will enable effective holistic management of these systems based on the requirements
Information sourced from:
- 2023 Beroe Report - HVAC Maintenance Services