HVAC Services Grow 6% During Recessions, Attracting PE Capital

McKinsey data shows HVAC services grew by an average of 6 percent during recessions, while discretionary trades declined. This recession resistance is driving institutional investor demand and premium valuations.

“HVAC services grew by an average of 6 percent during recessions. Not held steady. Grew.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.