HVAC Breaking News

Nov. 26, 2007: HVAC Demand in U.S. Expected to Grow 3.2 Percent per Year

CLEVELAND - According to a new report from the Freedonia Group, a market research firm, demand in the United States for HVAC equipment is forecast to increase 3.2 percent per year to $16.8 billion by 2011.

The report, titled “HVAC Equipment,” notes that advances will be primarily driven by strong gains in nonresidential construction, along with ongoing growth in the residential replacement market. Although gains will be restrained by projected declines in new single unit housing completions between 2006 and 2011, nearly three-quarters of HVAC demand is attributable to replacements.

Growth in the replacement sector will benefit from rising interest in more energy efficient systems driven by rising energy prices, spurring the replacement of older HVAC equipment with newer models, says the report. Changing regulations regarding minimum efficiency requirements for many of these systems will also affect sales of HVAC equipment.

Heat pumps are expected to stay the largest, fastest growing heating type. Heat pump shipments reached $2.1 billion in 2006, accounting for the largest share of total heating equipment shipments with 43 percent. Additionally, they are expected to post the strongest gains through 2011.

Heat pump shipments benefit from the ability of these units to provide efficient heating and cooling in moderate climates from a single system, the report says.

Benefiting in part from the relatively low initial costs of these systems, warm air furnace shipments totaled nearly $2 billion in 2006.

Shipments of unitary air conditioners amounted to $6.9 billion in 2006, representing 83 percent of all cooling equipment shipments.

Unitary air conditioners and packaged terminal air conditioners are forecast to achieve above average annual gains, benefiting in part from their use in the industrial and commercial markets, two areas that are expected to post strong recoveries in construction spending through 2011.

Publication date: 11/26/2007

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 HARDI Fly-In

Highlights from HARDI's Congressional Fly-In in Washington, D.C. Post date: May 28, 2015.


NEWSMakers: Kevin Conrad
Kevin Conrad, president, Kevin Conrad Heating and Cooling Inc., Nantucket, Massachusetts, breaks down working in the New England climate, the benefits of insulation foam, and more.

More Podcasts


NEWS 06-29-15 cover

2015 June 29

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Online Reviews

Do you track online review sites like Yelp to look for comments on your company’s performance?
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