BAC enlisted Hanover to analyze a new international market for heat rejection systems in order to design an effective purchasing strategy for this new market.
- Insights Blog
- 03/30/2023
BAC enlisted Hanover to analyze a new international market for heat rejection systems in order to design an effective purchasing strategy for this new market.
Baltimore Aircoil Company (BAC) is the global leader of factory-assembled evaporative heat rejection and thermal storage equipment. As it was developing its strategy for an international market, BAC engaged Hanover Research to determine what factors influence the selection of heat rejection systems. The company wanted to understand the purchase process, brand preferences, and most desirable characteristics for heat rejection systems specific to this new market. Andrew Karl, Global Director, Market Strategy, Baltimore Aircoil Company said, “we turned to Hanover to better understand the product needs and purchasing behaviors of those involved in the selection, installation, and operation of heat rejection equipment in a new international market. We specifically explored these needs and trends within the three major segments of HVAC, industrial, and refrigeration equipment.”
“We turned to Hanover to better understand the product needs and purchasing behaviors…in a new international market.”
Andrew Karl
Global Director, Market Strategy, Baltimore Aircoil Company
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BAC enlisted Hanover to analyze a new international market for heat rejection systems to design an effective purchasing strategy for this new market. “Expanding into a new market requires intensive research into the products customers need, their most preferred brands, what attributes they consider highly important, and more. As we honed our strategy for expanding into a new international market, we needed data-driven research to inform key business decisions. With Hanover as our partner, we collected feedback from relevant personnel across seven countries, giving us the insights we needed to move forward,” outlined Preston Blay, Vice President, Global Marketing Baltimore Aircoil Company.
Hanover deployed a buyer needs survey of over 1,000 HVAC professionals sourced from a representative panel of respondents. These included engineering and design personnel, contractors and installers, distributors, sales representatives, and end users across the HVAC/comfort cooling, industrial/process cooling, and refrigeration/cold supply chain sectors.
After analyzing the end-user and buyer preferences measured in the survey, Hanover provided recommendations to BAC on critical attributes that sales representatives could use both in the new market and when tailoring their advertising to that market.
“Expanding into a new market requires intensive research into the products customers need, their most preferred brands, what attributes they consider highly important, and more. As we honed our strategy for expanding into a new international market, we needed data-driven research to inform key business decisions.”
Preston Blay
Vice President, Global Marketing, Baltimore Aircoil Company
Informed by Hanover’s survey analysis, Baltimore Aircoil Company can:
“With Hanover as our partner, we were able to collect feedback from relevant personnel across seven countries, giving us the insights we needed to move forward.”
Preston Blay
Vice President, Global Marketing, Baltimore Aircoil Company
HVAC Equipment Manufacturing
Baltimore, MD
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