AHR attendees project strong growth in 2017

Survey portends “a stellar year” for HVACR market ahead of January 30 expo.


Survey portends “a stellar year” for HVACR market ahead of January 30 expo. Courtesy: AHR ExpoWith almost all attendees predicting growth in the coming year, promoters of the 2017 AHR Expo in Las Vegas said their industry is poised for a hot start in the new year.

In noting that 98% of respondents to a survey distributed by the AHR Expo and the ASHRAE Journal said they had a positive business outlook in advance of the January 30 - February 1 expo, International Exposition Company president Clay Stevens said, "We are anticipating a stellar year for business activity among exhibitors and attendees." Another 86% of the 1,400 people surveyed said they expected their sales to grow in the coming year, and 27% of all respondents said that growth would top 10%.

"It is always interesting to see how trends across the exhibitor landscape continue to shift," said Stevens. "We're pleased to note the increase in responses around anticipated business growth, as well as an increase in good and excellent outlook responses regarding a majority of the HVACR industry's various market segments." Stevens said the 2017 event at the Las Vegas Convention Center would be the largest AHR Expo in the show's 88-year history.

The positive outlook actually is a continuation of strong results from 2016. Nearly one-quarter of respondents saw sales growth of more than 10% from 2015 to 2016, and another 29% saw comparable sales between the two years. Maintenance and replacement business was expected to account for 38% of business growth in 2017, compared with 32% for retrofit and renovation applications and new construction at 30%.

The hospital and healthcare market was among the top industry growth segments heading into 2017, with 71% of respondents predicting growth. That was just behind the 74% growth rate for the light commercial market and just ahead of the 70% rate for the heavy commercial market.

To respond to this growth market, 61% of exhibitors at the AHR Expo expect to introduce new products or product lines, with 43% of attendees saying the new products would focus on energy efficiency. That is in line with the belief of respondents that energy efficiency would be the most important issue in the HVACR market. It was mentioned by 36% of respondents and marks a continuing trend among industry leaders, accord to an AHR Expo press release. The respondents talked about the need to connect smart buildings and controls in some of their open-ended remarks in the survey, and the Internet of Things (IoT) was mentioned specifically by 15% of all respondents.

The changing U.S. political landscape also was a topic of discussion, as 13% of respondents expect an impact on government regulations and a stronger economy as a by-product of the election results.

For more information on the 2017 AHR Expo, visit www.ahrexpo.com.

-Bob Vavra, content manager, CFE Media, bvavra@cfemedia.com.

No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
Safer human-robot collaboration; 2017 Maintenance Survey; Digital Training; Converting your lighting system
IIoT grows up; Six ways to lower IIoT costs; Six mobile safety strategies; 2017 Salary Survey
2016 Top Plant; 2016 Best Practices on manufacturing progress, efficiency, safety
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
What controller fits your application; Permanent magnet motors; Chemical manufacturer tames alarm management; Taking steps in a new direction
Commissioning electrical systems; Designing emergency and standby generator systems; Paralleling switchgear generator systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on preventing compressed air leaks and centrifugal air compressor basics and best practices for the "fifth utility" in manufacturing plants.
Maintenance Manager; California Oils Corp.
Associate, Electrical Engineering; Wood Harbinger
Control Systems Engineer; Robert Bosch Corp.
click me