© Latin Press, Inc., 2021 All rights reserved. No part of this work may be reproduced or incorporated into a computer system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of the copyright holders. Infringement of such rights may constitute an intellectual property offense. Original title: TOP 100 Contractors Installers HVAC/R Industry Report 2021-2022. 3rd edition: August 2021 Research and writing: Andrea Ochoa Restrepo Editorial Direction: Duván Chaverra Layout: Jhonnatan Martínez Avalo Graphics: Jhonnatan Martínez Avalo Cover Photos: Pixabay
Table of Contents Top 100 Contractors - Installers in Latin America: How it’s done.............................. 6 Introduction........................................................................................................................................................8 Chapter 1: Key aspects of the HVAC/R industry in graphs and tables........................................ 12 Use and classification of HVAC / R technologies................................................................................................13 Segments with more projects.............................................................................................................................14 Most used brands................................................................................................................................................16 HVAC/R imports by region and companies........................................................................................................18 HVAC/R imports by country of origin.................................................................................................................20 Comparison of growth by segment....................................................................................................................21
Chapter 2: Contractor- Installer - Outlook.................................................................................... 24 Mexico.................................................................................................................................................................25 Central America and the Caribbean...................................................................................................................30 Andean Region....................................................................................................................................................34 Southern Cone....................................................................................................................................................39 Perspectives of HVAC/R Expert Consultants......................................................................................................40
Chapter 3: Ranking Top 100 Contractors - Installers 2020........................................................... 46 Mexico.................................................................................................................................................................48 Central America and the Caribbean...................................................................................................................50 Andean Region....................................................................................................................................................51 Southern Cone....................................................................................................................................................53
Chapter 4: Sectors and companies facing COVID-19: impact on the HVAC/R industry............. 56 Productive structure: external and internal gap in the region and its effects after the pandemic.....................59 Comparison between Latin America and the European Union: relative internal productivity...........................59 Proportion of production of different groups of industrial sectors according to the intensity of the expected impact of the crisis..............................................................................................................................................60 Impact of covid-19 on the different segments of HVAC/R projects in Latin America........................................61
Chapter 5: Construction sector growth in the region 2020-2021................................................ 66 Outlook...............................................................................................................................................................67 Industry growth in Latin America 2021...............................................................................................................68 Central America and the Caribbean...................................................................................................................69 Andean Region....................................................................................................................................................76 Southern Cone....................................................................................................................................................80
Chapter 6: Overview of Latin American economies (pandemic-post-pandemic)........................ 84 Financial Market Volatility Index.........................................................................................................................85 Emerging Markets Bond Index 2020..................................................................................................................86 Year-on-year rate of change in world trade volume............................................................................................88 GDP growth in Latin America.............................................................................................................................90 Expenditure growth by component in Latin America.........................................................................................90 Future outlook.....................................................................................................................................................91 Inflation expectations for 2020 and 2021...........................................................................................................93 Impact on the level of investment and capital flows in relation to the risk of financial markets within the HVAC industry................................................................................................................................................................94
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Table of Contents Solutions for a better economic scenario in the region.......................................................................................... Economic outlook for Latin American regions........................................................................................................ Infographics: Exports and trade balance Mexico and Central America 2019....................................................95 Mexico, Central America and the Caribbean ....................................................................................................96 Infographics: Exports and trade balance South America 2019........................................................................103 Andean Region..................................................................................................................................................104 Southern Cone..................................................................................................................................................108
Chapter 7: Sustainable Development and Environmental Impact on HVAC/R......................... 112 Energy consumption.........................................................................................................................................119 Index of references..........................................................................................................................................130
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Top 100 Contractors - Installers most recognized in Latin America: How is it done? ACR LATINOAMÉRICA, wanted to highlight again in 2021 the work of installers contractors in the region for the growth of the industry, so we took on the task of making, for the seventh time, the Top 100 Contractors - Installers with greater RECOGNITION in Latin America. The RECOGNITION ranking was born as an initiative that has also been successfully carried out by other international economic media, which, through information collected on each company and a vote, highlight some of the most important companies in the region or in the countries to which they belong. Each year we consult several sectors, including manufacturers, distributors, as well as the bulk of our readers (consultants, technicians, end users, operators, among others) throughout our Latin American region, who, in the end, were in charge of legitimizing this work and contributing to the recognition of these companies. It is therefore important to highlight the methodology implemented for this report. A complete compilation of information was made in order to consolidate a list of 100 of the most outstanding companies in Latin America, divided into four sub-regions (Mexico, Central America and the Caribbean, the Andean Region and the Southern Cone). For this point it
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took into account the nomination made by manufacturers and distributors of many of the most prestigious brands in the field of air conditioning and refrigeration, as well as a detailed monitoring by the journalistic team of ACR LATINOAMERICA, relying on consultants and experts and professionals with extensive knowledge of the industry. Subsequently, through an online survey conducted with our readers, the ranking and location of the 100 companies, divided into 30 companies in Mexico, 15 of Central America and the Caribbean, 35 of the Andean Region and 20 more of the Southern Cone. This ranking and placement also took into account differential elements such as years of experience in the industry, certifications, number of employees, headquarters and membership in associations and/ or industry associations in the region. In other words, of the total percentage published in the ranking, 40% of the value is given to the number of votes obtained and the remaining 60% to the differential elements mentioned above. The list includes information on the segments served by each company and the percentage of recognition. You can also nominate your company by writing to editorial@acrlatinoamerica.com.
METHODOLOGY 1
IDENTIFICATION AND IMPLEMENTATION OF COMPANIES
Mexico Central America Andean Region Southern Cone
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COLLECTION OF INFORMATION FROM THE COMPANIES
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VOTES RECOGNITION
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RANKING AND/OR PLACEMENT OF BUSINESS INFORMATION ACCORDING TO THE ABOVE VARIABLES.
30 15 35 20
Years of the company 10% Number of employees 10% Company headquarters 10% Associations and/or certifications 10% 60% corresponde a elementos diferenciales de la empresa
40% Survey of recognition made by readers of ACR LATINOAMÉRICA
IOO
COMPANIES
60%
40%
100%
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CHAPTER 3
RANKING BY REGION
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CHAPTER 7 112
SUSTAINABLE DEVELOPMENT AND ENVIRONMENTAL IMPACT IN HVAC/R
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Index of references Sources cited: International Renewable Energy Agency (IRENA), “RENEWABLE ENERGY READINESS ASSESSMENT”, 2020. Inter-American Development Bank (IDB), “Disclosure of Expectations in Latin America” ,June 2020. Inter-American Development Bank (IDB), “Latin America overcomes commercial impact of pandemic” , Press publication, June 3, 2021. Inter-American Development Bank (IDB), “The Impact of the Coronavirus Crisis on the Public Construction Sector”, Press publication, May 29, 2020. World Bank (WB), “World Economic Outlook: Latin America and the Caribbean” ,January 2021. World Bank (WB), “Confinement and Electric Power: Changing Consumption Patterns” ,May 15, 2020. BBVA, “Situación Inmobiliaria México Primer semestre 2021”, March 12, 2021. Cámara Costarricense de la Construcción (CCC), “Urge la intervención del Gobierno para acelerar crecimiento del sector construcción”, Press publication, January 21, 2021. Cámara Bolivariana de Electricidad (CBE), “Ahorro de energía eléctrica, medida necesaria contra el efecto económico del COVID-19”, 2020. Economic Commission for Latin America and the Caribbean (ECLAC), “The effects of COVID-19 on international trade and logistics,” August 6, 2020. Economic Commission for Latin America and the Caribbean (ECLAC), “Latin America and the Caribbean Faced with the COVID-19 Pandemic Economic and Social Effects” ,April 3, 2020. Economic Commission for Latin America and the Caribbean (ECLAC), “Preliminary Overview of the Economies of Latin America and the Caribbean, 2020” (LC/PUB.2020/17-P/Rev.1), Santiago, 2021. Economic Commission for Latin America and the Caribbean (ECLAC), Preliminary Overview of the Economies of Central America and the Caribbean, 2020, Santiago, 2021. Economic Commission for Latin America and the Caribbean (ECLAC), Preliminary Overview of the Economies of Central America and the Dominican Republic in 2020 and Prospects for 2021 de las economías de Centroamérica y la República Dominicana en 2020 y perspectivas para 2021: febrero de 2021 (LC/MEX/ TS.2021/2), Mexico City, 2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Sectores y empresas frente al COVID-19: emergencia y reactivación”, July 2, 2020.
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Economic Commission for Latin America and the Caribbean (ECLAC), “Sectors and companies facing COVID-19: emergency and reactivation”, July 2, 2020. Economic Commission for Latin America and the Caribbean (ECLAC), R. Sánchez and F. Weikert, “Logística internacional pospandemia: análisis de las industrias aéreas y de transporte marítimo de contenedores”, Comercio Internacional series, No. 162 (LC/TS.2020/190), Santiago. Economic Commission for Latin America and the Caribbean (ECLAC), “The challenge of environmental sustainability in Latin America and the Caribbean”, 2014. National Administrative Department of Statistics (DANE), “En el primer trimestre del 2021 pr el Producto Interno Bruto de Colombia crece 1,1%” , Press publication, May 14, 2021. Diario de Centroamérica, “Sector construcción apunta al crecimiento”, Press publication, October 30, 2020. El Economista, “Al cierre del 2020 la deuda global sumará 277 bdd: IIF”, Press publication, November 19, 2020. Elsalvador.com, “Sector construcción es el que más se recupera desde la reactivación de la economía, según el BCR”, Press publication, October 26, 2020. International Monetary Fund (IMF), “WORLD ECONOMIC OUTLOOK: MANAGING DIVERGING RECOVERIES” , April 2021. Government of Argentina, “Consumo básico de electrodomésticos”. Government of Costa Rica, “National Energy Plan 2015-2030”. Government of Honduras, “El Balance Energético Nacional”, report. Government of Mexico, “Boletín de Difusión de Acciones de Eficiencia Energética”, Press Publication, 2018. GlobalData, “Outlook for construction in Latin America” ,December 10, 2020. National Government of Panama, “Panama adopts new tool to combat climate change, promote energy efficiency” , Press publication. International Institute of Refrigeration (IIR), “IIR 2020 Activity Report”, December 2020. La Nación, “Anoche, la Ande registró récord de consumo de energía eléctrica”, Press publication, February 23, 2021. La Tercera, “Prevén que el consumo de aire acondicionado aumentará un 85%”, Press publication, January 31, 2020. La República, “Demanda de energía cayó 2,6% en 2020 frente a 2019, solo en diciembre se redujo 1,5%”, Press publication, 12 January 2021.
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