How is the European HVAC market developing in 2016?

Installers in the UK and the Netherlands are doing well. Many installers experienced an increase in turnover in Q3 2015 and their order books remained full. Installers in Germany and Belgium also reported an increase in turnover and the expectations for the future are positive as well. In Germany however, the order books are not growing. The Polish installers and French installers are beginning to turn the tides on their decline of turnover. These are some of the results from the Q3 report of the European Mechanical Installation Monitor. The survey is conducted on quarterly basis amongst 4,800 HVAC installation companies (annually) in 6 European countries.

By Dirk Hoogenboom
22 Jan 2016
Installation,
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UK: no slowing down in the systematic growth

Like in previous quarters, more installers notice an increase in turnover than a decrease in Q3 2015, compared to a year before. Expectations for Q4 2015 are similar. Only 6% of the installers expects a decrease in the turnover of Q4 2015 when compared to the turnover of Q4 2014, while 51% expects an increase. Order books show a similar positive sentiment. The installers from the UK have the longest order books of all investigated countries and the longest since measurements began.

Germany: decrease in order books, but positive expectations for the future

Order books of German installers have decreased from an already small amount. In spite of this apparent lack of orders, a larger group of installers indicate an increase in turnover of Q3 (2015 compared to 2014) than a decrease and expectations for the next quarter are even more positive. However, expectations for Q3 2015 were too positive when compared to the actual results.

The Netherlands: many installers experience growth in turnover and order books

In line with expectations about Q3 2015, more installers have seen an increase in turnover than a decrease, but this balance is less positive than in Q2 2015. This is not surprising, as Q3 2014 indicated the start of improvements for installers with many installers seeing an increase in turnover. Order books have shrunken a little. Expectations for Q4 2015 are however more positive again.

For more information, please feel free to contact me directly at

Hoogenboom(at)usp-mc.nl

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