© 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
TOP 100 CONTRACTOR-INSTALLERS • REPORT 2021 - 2022
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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 CONTRACTOR-INSTALLERS • REPORT 2021 - 2022
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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%
TOP 100CONTRATISTAS-INSTALADORES CONTRACTOR-INSTALLERS • REPORT 2021 - 2022 TOP IOO • INFORME 2019-2020
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© LATIN PRESS, INC., 2021 © LATIN PRESS, INC., 2021
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