Experts Predict Continued Growth
for the Industry in 2015
Source: PHC News
Most businesses can look back on 2014 as having been a pretty good year. After years of struggling to emerge from the worst recession in recent memory, things seemed to be more on track in the past year. Optimism started to creep back into the economic psyche, and business was once again moving forward.
Many in the plumbing and HVAC industry saw this positive growth for their businesses. Part of this was due to a generally improved economy. But, other factors, such as rising consumer confidence and a continued drive toward energy and resource efficiency, have contributed as well.
"2014 was a banner year," said Brian Fenske, specialty channel sales manager at Navien. "Sustained interest in energy
savings, both residential and commercial, has driven this growth with little or
no government tax credit or rebate assistance."
"I think 2014 has been a good year for the industry," echoed Kevin Tindall, 2014-2015 president of the Plumbing- Heating-Cooling Contractors National Association (PHCC), and president of Tindall & Ranson Plumbing & Heating in Princeton, N.J. "The economy is steadily improving and our member contractors are reporting that business has picked up."
Having a good year is, in itself, often cause for optimism, and there appears to be predicting a robust year for business in 2015. In its 2015 economic forecast, Wells Fargo uses sports analogies to predict that the U.S. economy will shift from defense to offense in the coming year. With businesses and consumers more secure in the recovery and the overall state of things, the hope is that trend will continue an ever-accelerating climb upward.
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