HARDI has partnered with J.P. Morgan Equity Research for its latest proprietary HVAC distributor survey of market projections for this cooling season.
This is the first time that the
firm’s research department has worked with the Heating, Airconditioning, and
Refrigeration Distributors International to survey its U.S. HVAC equipment
Ninety-three HVAC equipment distributor
HARDI-member companies contributed to the report intended to overview and
forecast the HVAC equipment market for summer 2009. J.P. Morgan states that
results were largely in line with their expectations, though representatives
said there were interesting comments surrounding price, inventories and
stimulus. They continue to see a difficult 2009, with a recovery in 2010 for
residential products driven by pent-up replacement demand.
45-page report also highlighted that the residential end markets are weak, with
cooler weather and a soft start to the summer selling season. The survey also
found that the commercial sector will be lower than the residential sector in
2010, and the R-410A transition will not lead to significant replacement
Although the report is for J.P. Morgan clients only,
HARDI has made the initial report available to all member companies. Members
can contact the association to receive a copy.