Industry Analysis & Industry Trends
Tight corporate profit and disposable income, which reduced spending from current customers on air-conditioning and heating, and low construction levels, which reduced new demand for the industry, constrained industry growth early in the last five years. As the construction of large apartment blocks, office buildings and shopping centers continues to increase in the five years to 2019, demand for the industry will grow. In all, industry revenue is anticipated to increase in the next five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Steam and Air-Conditioning Supply industry is in the mature phase of its lifecycle. Industry value added (IVA), which represents the industry's total contribution to the economy, is expected to increase 2.7% annually in the 10 years to 2019, comparatively US GDP is anticipated to grow 2.5% annually; the industry can thus be thought of as growing in line with the overall economy, which is generally a sign of industry maturity.
The industry has undergone consolidation over the past five years and is expected to continue doing so in the years to come. In fact, in the 10 years to 2019, the number of industry enterprises is anticipated to decrease by 0.2% annually. Ongoing consolidation is another indication of industry maturity... purchase to read more