HVAC Breaking News

Feb. 26, 2008: U.S. HVAC Demand to Reach $16.8 Billion in 2011

February 26, 2008
/ Print / Reprints /
/ Text Size+

CLEVELAND - Demand in the United States for HVAC equipment is forecast to increase 3.2 percent per year to $16.8 billion in 2011. Advances will be primarily driven by strong gains in new nonresidential construction, along with ongoing growth in the residential replacement market. Although gains will be restrained by declines in new single unit housing completions between 2006 and 2011, nearly three-quarters of HVAC demand is attributable to replacements. These and other trends are presented in “HVAC Equipment,” a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.

According to the report, in 2006, heat pumps surpassed warm air furnaces to account for the largest share of heating equipment demand and will account for 47 percent in 2011. Heat pumps are expected to post the strongest gains through 2011. Heat pump demand benefits from the ability of these units to provide efficient heating and cooling in moderate climates and to serve as a low cost supplementary heat source in colder climates. While warm air furnaces will continue to account for the second largest share of heating equipment sales through 2011, this segment is expected to lose market share over the period. Sales will be supported by their relatively low initial cost.

Unitary air conditioners will remain the largest segment in the cooling equipment industry, accounting for more than 70 percent of total demand in 2011. Absorptive liquid chilling systems are expected to post the strongest gains through 2011 as industrial and commercial construction rebounds over the forecast period. Packaged terminal air conditioner sales will achieve above average gains because of a rebound in lodging construction expenditures. Room air conditioners will also post above average sales as quieter and more efficient units become available

Publication date: 02/25/2008

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

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


Kyle Gargaro, editor-in-chief of The NEWS, hosted the 2014 ACCA CEO Forum. At the event, six well-known, highly respected company executives, Gary Michel, Ingersoll Rand/Trane; Chris Nelson, Carrier Corp.; Chris Peel, Rheem Mfg. Co.; Rod Rushing, Johnson Controls; Brent Schroeder, Emerson Climate Technologies; and Doug Young, Lennox; provided individual industry outlooks and fielded questions directly from attending contractors. Listen to the entire event on the NEWSMakers podcast. Posted on April 14.

More Podcasts



NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 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