HVAC Market Shifts to Heat Pumps
According to Martz, heat pumps experienced a resurgence in popularity for several reasons, including increased fuel costs for oil furnaces and gas products and improved minimum efficiencies of heat pumps. These two factors made the product a heating source of choice for many consumers, he said.
According to the Freedonia Group, an international industrial research company, “Heat pumps are expected to post the best gains [in the residential HVAC market] through 2009.”
Publication date: 12/25/2006