General ventilation technology expects sales to decline in 2024

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According to the VDMA trade association of the same name, companies in the general ventilation technology sector had to contend with falling sales rates. They now expect nominal sales to fall by one percent in 2024.

Suppliers of building technology (air conditioning and ventilation technology) are feeling the effects of the weak construction sector. This is having an impact on other industrial sectors, which are also suffering from high energy prices, meaning that investments are being postponed. On the other hand, the current high demand for heat pumps and energy-efficient solutions is driving the industry.

"All general ventilation technologies are essential for efficiency measures in the building sector and for the energy efficiency of industrial applications. The impact of the ruling on the climate fund is not yet foreseeable for our industry. However, the political developments may lead to further economic uncertainty for the industry or at least to a delay in the implementation of technical efficiency measures in the building sector," says Robert Hild, Managing Director of VDMA´s General Ventilation Technology Association.

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