Get the latest insights on price movement and trends analysis of HVAC and Commercial Refrigeration in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
HVAC and Commercial Refrigeration Price Trends for the First Half of 2023
In the US markets, the price trends of HVAC and commercial refrigeration struggled to maintain its market momentum in the first two quarters of 2023. The US economy faced the consequences of its transition phase as it slowed down after dipping to alarming levels in the COVID era. The government had to adopt several strict monetary policies and had to raise its fed fund rates in order to keep the market conditions afloat.
Rapidly rising loan rates have slowed consumer demand, which was depicted in the decline in new home development, which negatively affected new business construction. In contrast, activity related to servicing, maintaining, and remodeling the established base of homes or businesses has remained strong and has expanded in the first and second quarters since the demand for HVAC and commercial refrigeration from this sector was less susceptible to the weak economic performance and manufacturing sector demand shocks than the new construction activities.
According to Procurement Resource, the price of HVAC and Commercial Refrigeration are expected to imitate the trends followed by the market dynamics of the construction sector.
Procurement Resource provides latest prices of HVAC and Commercial Refrigeration. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
HVAC system refers to a system that involves heating, ventilation, and air conditioning of indoor spaces, aiming to provide thermal comfort and improved air quality. HVAC and Commercial Refrigeration projects demand a wide range of inputs, such as ductwork, air handling units (AHU), filtrates, heat pumps, etc. Once the installation is complete, HVAC systems require testing, maintenance and servicing at different intervals for maintaining optimal efficiency and good air quality.
Thus, the cost of the equipment is not the only factor influencing the installation cost of a Commercial HVAC and Refrigeration System, but the choice of brand and system, variation of services from one vendor to another, and labour, material and maintenance cost, among others, are also the key factors. Detailed breakdown of commercial HVAC installation cost helps a customer to choose a correct proposal for himself, thus, achieving maximum value.
|Product Name||HVAC and Commercial Refrigeration|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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