Heat Pump Shipments Show Recovery After Year-Long Decline
Heating, Air-conditioning & Refrigeration Distributors International reported on July 7 that heat pump shipments are recovering after a 13.9% decline over the past 12 months. Year-to-date volumes are up 1.2%. The most recent three-month period through April shows 6% growth compared to last year. HARDI projects an annual rate of 4.03 million units, a potential 10.2% increase as the market exits post-refrigerant-transition inventory corrections.
The recovery means more installation work is likely coming your way. After months of contractors dealing with slower equipment orders following the refrigerant changeover, distributors are seeing steadier demand patterns. This could translate to more reliable job scheduling and revenue through the rest of the year.
Check with your distributor about lead times and equipment availability. If demand continues climbing while supply chains are still stabilizing, you may want to secure units for upcoming jobs earlier than usual.
Key Takeaways:
- Heat pump shipments declined 13.9% over 12 months but now stabilizing
- Recent three-month period shows 6% growth versus same period last year
- HARDI projects 4.03 million annual units, up 10.2% from recent pace
- Recovery follows post-refrigerant-transition inventory correction period
