Market evolution.

The HVACR and Process Cooling markets are constantly evolving.

No real surprise there.

Staying one step ahead of the herd isn’t always so simple when it means rapidly changing direction due to unforeseen market shocks/ changes. Foresight, planning, continuous improvement & innovation are key to remaining competitive.

Employees need to keep this in mind too if you want your own career to flourish.

If your employer ISN’T anticipating and reacting to market changes, do you really want to stick around and be facing the consequences of missed targets, missed bonus payments, reduced market share in potentially shrinking markets, and/ or redundancy?

What trends are you seeing in your markets?

Hearing the inside scoop from individuals in every area of the sector is very interesting. The internal propaganda is often very strong, so doing your own research to protect your future, or strengthen your own company (if you’re in the driving seat), is the smart move.

Here’s just some of the obvious events/ trends I’ve seen over the years that have nudged some companies into obscurity, and others into business acquiring behemoths:

Global Warming:

HVACR industry shifts from greenhouse gases like HFCs to eco-friendly refrigerants, developing energy-efficient systems to reduce carbon footprints.

Grenfell Tower:

Tragic fire leads to stricter fire safety regulations. Emphasis on fire dampers, smoke control systems, and adherence to standards.

Brexit:

To overcome disruptions, HVAC companies prioritise exceptional customer service, shorter lead times, and dynamic operations. Local sourcing and resilient inventory management ensure uninterrupted supply.

Covid-19:

Pandemic increases focus on healthy indoor environments. HVAC systems upgraded with improved filtration, ventilation, and air purification.

Russia/Ukraine:

Rising energy costs drive adoption of energy-efficient HVAC solutions. Variable-speed drives, intelligent controls, and heat recovery systems minimise consumption and expenses.

Data Centre Growth:

Growing data centres require innovative cooling methods. Liquid cooling like direct-to-chip or immersion addresses high-density computing, improving efficiency and capacity while reducing environmental impact.

Rising Interest Rates:

I won’t get started on that!

A good workman doesn’t blame his tools.

But let’s be honest, not having the right tools/ systems/ practices isn’t going to make your work any easier is it.

You don’t know if you don’t ask. Wondering if the grass is actually greener elsewhere?

and I’ll let you know if you have the short straw (or not), and where to find the long one!