HVAC/R Industry in Latin America Outlook 2018-2019
REPORT 2018-2019 Economic PERFORMANCE AND OutlOoK Key aspects of the HVAC/R Industry in charts The CONTRACTORS - INSTALLERS perspectives BY REGION Top 100 CONTRACTORS - INSTALLERS 2018 Ranking Success Stories of the CONTRACTORS - INSTALLERS in the Top 100
© Latin Press, Inc., 2018 All rights reserved. It is not allowed the total or partial reproduction of this work, nor its incorporation into a computer system, nor its transmission in any form or by any means (electronic, mechanical, photocopy, recording or others) without previous and written authorization of the owners of the copyright. Infringement of these rights may constitute an offense against intellectual property. Original title: TOP 100 Contractors - Installers Report 2018 1st edition: October 2018 Research and writing: Ana María Mejía Angel ACR Latinoamérica Editor : Duván Chaverra Editorial Direction: Duván Chaverra Proofreading and style correction: Craig Alan Cottrell Design and layout: Fabio David Franco
Table of contents Top 100 Contractors - Installers in Latin America: How is it done? .............................................................................................................4 Introduction . .................................................................................................................6 Chapter 1: Key aspects of the HVAC/R Industry in charts.........................................8 Segments with More Projects Developed ...............................................................9 Most Common Brands............................................................................................11 HCAV/R Imports by region and company...............................................................12 HCAV/R Imports by origin country.........................................................................13 Chapter 2: The Contractors - Installers perspectives...............................................14 Mexico....................................................................................................................15 Central America and The Caribbean .....................................................................21 Andean Region.......................................................................................................24 Southern Cone........................................................................................................35 Capítulo 3: Ranking Top 100 Contractors - Installers 2018......................................37 Mexico ...................................................................................................................38 Central America and The Caribbean .....................................................................40 Andean Region.......................................................................................................42 Southern Cone........................................................................................................44 Chapter 4: Success Stories of the winner Contractors - Installers in the Top 100 2018....................................................................................................46 TTQ: Nuevo Sur Torre II Business Center at Monterrey.........................................48 Grupo Clima: Codisa’s third data center at San José.............................................49 Aire Caribe: Torres Atrio at Bogotá .......................................................................50 Termofrío: HP’s (today Movistar) data center at Paine...........................................51 Chapter 5: The winners of the Top 100 Contractors - Installers in the Latin American regions....................................................................................52 Mexico: TTQ...........................................................................................................53 Central America and The Caribbean: Grupo Clima................................................54 Andean Region: Aire Caribe...................................................................................55 Southern Cone. Termofrío......................................................................................56 Chapter 6: Economic Outlook Worldwide and the Americas..................................58 Economic Performance in Latin America................................................................60 Financial Outlook in Latin America ........................................................................61 Forecast for Latin America in 2018.........................................................................62 Chapter 7: Economic Outlook for the Regions in Latin America............................64 Infographic: Exports and Trade Balance in Mexico and Central America 2017.....65 Mexico, Central America and The Caribbean .......................................................66 Andean Region.............................................................................................................75 Infographic: Exports and Trade Balance in South America 2017...........................79 Southern Cone........................................................................................................80 Index of references......................................................................................................86
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Top 100 Contractors - Installers in Latin America: How is it done? ACR LATIN AMERICA highlights once again in 2018 the work of the region’s Contractors - Installers in favor of the growth of the industry, which is why we took on the task of carrying out, for the fifth year in a row, the Top 100 of Contractors - Installers with highest 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 gathered about each company and voting, include some of the most important companies in the region or countries to which they belong. Every year we consult several sectors, including manufacturers, distributors, as well as the bulk of our readers (consultants, technicians, end users, operators, among others) throughout Latin America, who finally were the ones in charge to legitimize this work and contribute to the recognition of these companies. It’s important to mention the methodology we used 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 subregions (Mexico, Central America and the Caribbean, Andean Region, and Southern Cone). For this, it was taken into account the nomination made by the manufacturers and distributors of many of the
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world’s most prestigious brands of air conditioning and refrigeration, as well as a detailed monitoring by the journalists team of ACR LATIN AMERICA, relying on consultants and expert professionals with extensive knowledge of the industry. Subsequently, through a survey conducted online with our readers, the hierarchy and location of the 100 companies in the ranking was determined, divided into 30 companies in Mexico, 15 in Central America and the Caribbean, 35 in the Andean Region and 20 more in the Southern Cone. For this hierarchy and location, differential elements such as years of experience in the industry, certifications, number of employees, headquarters and belonging to industry associations in the region were also taken into account. That is to say, of the total percentage published in the ranking, 60% of the value is given to the number of votes reached and the remaining 40% to the aforementioned differential elements. The list includes information on the segments that each company serves and the percentage of recognition. You can also postulate your company by writing to editorial@acrlatinoamerica.com.
METHODOLOGY 1
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Mexico Identification Central America & the Caribbean and Andean Region application Southern Cone of the companies
Compilation of information from companies
Years of the company Number of employees HQs of the company Associations and / or company certifications
30 15 35 20
10% 10% 10% 10%
IOO COMPANIES
40%
40% corresponds to the differential elements of the company
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Vote recognition
60% Survey of recognition made with readers of ACR Latinoamérica
60%
4
Ranking and / or location of business information according to the above variables
100%
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Introduction The world economy is going through a period of sustained growth: for 2018 and 2019 a growth of 3.9% is expected, while in Latin America, the UN Economic Commission for Latin America and the Caribbean (ECLAC) concurs that the projections by the end of 2018 will be above 3%, according to the “Preliminary Overview of the Economies of Latin America and the Caribbean, 2017”. In general, the Gross Domestic Product of Latin America had a positive performance, recovering from a recessionary environment, and ECLAC projects that in 2018 it will reach 1.3%, and 1.8% in 2019, despite the difficult political and economic circumstances faced by countries such as Argentina, Nicaragua and Venezuela, which would have decreases in their GDP
Target audiences • HVAC/R industry Contractors and Installers. • HVAC/R equipment manufacturers and distributors. • Market analysts and researchers. • Government and financial institutions. • Investors. • HVAC/R equipment end users.
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in 2018, while the rest of the Latin American economies will grow between 2% and 4%. The Top 100 Latin American HVAC/R Contractors - Installers - Industry Report 2018 analyzes how this economic prospect would impact the industry, country by country, from the perspective of the entrepreneurs that were part of the Top 100 of Latin American Contractors - Installers ranking made by ACR Latin America. For example, Central America was one of the most dynamic regions in this industry, with imports of US $ 92 million between January and June 2018, mainly in Costa Rica and Panama, which imported 51% of the equipment, according to the report by CentralAmericaData website.
Included in this report is key information of the industry, such as figures of imports made by companies in each country, the most-used brands of equipment in the region, the segments with the highest investment in HVAC/R projects, in addition to the 2017 sales figures of HVAC/R installation companies. This report will also provide readers with a complete overview of this region’s HVAC/R industry, with the success stories of some of the Latin American Contractors - Installers, as well as their comments and recommendations on trends and investment opportunities, as told by the businessmen interviewed for this document.
MAIN SEGMENTS OF HVAC/R PROJECTS ALL LATIN AMERICA
12.4%
20.2%
12.4%
25.8% 19.1%
CORPORATE COMMERCIAL EDUCATION GOVERNMENT RESIDENTIAL HOSPITALS Source: information provided by the integrators interviewed in Latin America.
10.1%
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chapter 4
SUCCESS STORIES OF THE TOP 100 CONTRACTORS - INSTALLERS We invited the Contractors - Installers that occupied the first places in each region in the Top 100 of ACR Latin America magazine to share their success stories for this report, giving them the opportunity to talk about new trends and interests of potential customers, as well as possible business opportunities in each of the Latin American regions.
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