The countdown to Christmas and 2024 has begun. It has been a busy year and a hot one.
The World Meteorological Organisation (WMO) has confirmed 2023 was the hottest year on record in terms of average global temperatures.
The WMO has also warned next year could be even hotter.
Looking back at 2023 there were a number of significant acquisitions throughout the year. One of the biggest was the Johnson Controls acquisition of Gordon Brothers Industries and Trane acquiring MTA.
The biggest non-announcement was Fujitsu’s plan to sell off its $1.1 billion stake in air conditioning. The sell off plans were announced in February and negotiations continue to stall.
For those who want to take a look back even further, check out the wholesaler’s feature in this issue of the magazine. Go to https://online.flipbuilder.com/YaffaMedia/aley/#p=1
CCN examines a decade of change in Australia’s wholesale market which has undergone a makeover in recent years.
Beijer Ref has been at the centre of these changes in the local market.
The economic outlook for 2024 varies depending on where the information is coming from although everyone agrees growth will be modest with no signs of real improvement until 2025.
Regardless of the global outlook, demand for HVACR equipment continues to grow and there are plenty of opportunities on the horizon in 2024.
On the plus side, there are signs of improvement in the job market with more apprentices completing their trade. The need to overcome Australia’s current skills crisis is critical. In recognition of our next generation of technicians, CCN has kicked off NextGen 2024 earlier than usual. Nominations have opened at www.climatecontrolnews.com.au/nextgen
Our NextGen Top 20 will be profiled in the April 2024 edition of CCN. By then everyone will be gearing up for the ARBS Exhibition which will be held in Sydney from 28-30 May.
Let’s end 2023 with some well-earned downtime before embarking on another busy year. Enjoy the holidays and CCN will be back with the next edition of the magazine in February, 2024.