Supply Chain Issues Cause Manufacturer’s to raise prices

Supply chain issues are causing worldwide disruptions, and the HVAC industry is not immune. Several HVAC manufacturers have announced price increases which are expected to continue through 2022.

Daikin– MINNEAPOLIS — Daikin Applied has announced a price increase of up to 8% on select commercial HVAC equipment and up to 20% on select service parts. The increase will take effect on equipment that ships after Jan. 1, 2022. The price increase applies to new equipment and parts orders received after Sept. 9, 2021.

Aaon– TULSA, Okla. — AAON Inc. announced a price increase of 5% on all AAON HVAC equipment. This price increase is a result of inflationary pressures. The price increase is effective January 1, 2022.

This is on top of the 4% increase announced in March.

Lennox– RICHARDSON, Texas — Due to persistent cost inflation, Lennox Industries will be increasing prices up to 13% on commercial equipment and accessories. The increase will be effective January 1, 2022.

Nortek –  ST. LOUIS — Nortek Air Solutions (NAS) announced an 8-12% price increase on all of its products, effective August 16, 2021.

The increase is a result of surging commodity prices and continued availability shortages on materials such as steel, copper, aluminum, and resin, along with third-party component vendor price increases. Depending on the customization of the product, in some cases pricing may surpass 12% due to material choice, components, and options.

Carrier– INDIANAPOLIS — Carrier, which manufactures products under the Carrier, Bryant, Payne, and International Comfort Products brand names, announced a price increase of up to 8% on North America residential, light commercial, and commercial applied products effective September 1, 2021.

This is on top of the 7% increase announced in June.

Trane –DAVIDSON, N.C. — Trane Technologies commercial HVAC business announced a price increase of up to 7% on select Trane unitary, applied, and controls equipment. The increase will be effective August 7, 2021.

This is on top of the 6% in March.

We anticipate this trend will continue for the next 12 months at a minimum, with further constrictions expected as demand increases. We advise commercial and industrial facilities to make outstanding facility decisions now and to lock in equipment at current pricing when possible.