HVAC Breaking News

Feb. 6, 2007: U.S. Market for HVAC Equipment to Reach $18 Billion by 2010

NEW YORK - Capitalizing on energy efficiency upgrades mandated by the U.S. Department of Energy's 13 SEER standard for residential air conditioners and heat pumps, the market for HVAC equipment experienced double-digit growth in 2005 reaching a value of $13.3 billion. Market findings in “HVAC Equipment in the U.S.,” a new report from market research firm SBI, show the market surpassing $18 billion by 2010.

Unitary air conditioners and ground source heat pumps lead growth in domestic shipment values, with unitary air conditioners - making up a 68 percent share of total market shipment values - growing 16 percent in 2005 to reach $8.5 billion. Conversely, room air conditioners and dehumidifiers declined in both volume and value, with volume declining 11 percent in 2005.

SBI projects the market will continue to see annual increases in value due primarily to continued growth in the residential and nonresidential construction markets. New construction, reconstruction, and remodeling were key influences on increases in HVAC system retrofits and upgrades in 2006. While household purchases of HVAC systems went from 6.1 percent in 2004 to 5.5 percent in 2006, purchasing rates jumped to 14 percent among those who acquired a home in the previous year and 13 percent among those undertaking major home improvements.

"Increased energy efficiency in new units and retrofits along with increased interest in newer conditioning modalities such as whole-house ventilation systems, geothermal HVAC systems, and underfloor air distribution systems (UFADs) are helping to stimulate interest in the market," noted Tatjana Meerman, managing editor of SBI. "At the same time, the SEER 13 standard and newer technologies are making for superior products, which are winning favor with both consumers and contractors."

Containing comprehensive data on U.S. shipments, imports and exports, end-use markets, purchaser demographics, and the competitive environment, “HVAC Equipment in the U.S.” identifies key issues, regulations, and trends affecting the marketplace, and profiles major marketers along with manufacturer and retailer strategies. Priced at $3,000, this report is available from SBI by visiting www.sbireports.com/HVAC-Equipment-1281486. It is also available at MarketResearch.com.

SBI, a division of MarketResearch.com, publishes research reports in the construction, materials, and consumer goods markets. For more information, visit www.sbireports.com.

Publication date: 02/05/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.


NEWSMakers: Mark Crockett
Mark Crockett vice president, Crockett Facilities Services, explains the importance of technician training, the value of being a top minority-owned company in the U.S., current projects the company is managing, and much more. Posted on April 24.
More Podcasts


NEWS 05-04-15 cover

2015 May 4

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive


2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con