Risk Factors Related to HVAC&R Market Conditions

Johnson Controls highlights several risk factors that could affect its HVAC&R business, including a decline in commercial building construction, changes in energy costs or regulations reducing customer incentive to upgrade systems, and weather impacts on air conditioning equipment sales.

“a significant decline in the construction of new commercial buildings requiring interior control systems; a significant decline in the residential construction markets (particularly in North America); major changes in energy costs or governmental regulations that would decrease the incentive for customers to update or improve their interior HVAC&R and control systems; decline in the outsourcing of facility management services.”

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