June 17, 2013: High-Efficiency Commercial HVAC to Surpass $33 Billion by 2020
North American Market Will Revive During 2013, See More Substantial Growth During 2014
BOULDER, Colo. — As energy costs, pressure on energy resources, and restrictions on greenhouse gas emissions continue to increase, strong global, national, and local pressure is driving the market for higher-efficiency commercial building HVAC systems, states a new report from Navigant Research. The firm forecasts that annual revenue from high-efficiency commercial HVAC systems will grow from $17.2 billion in 2013 to $33.2 billion by 2020.
Energy consumption of HVAC systems accounts for roughly 40 percent of total building energy consumption, notes the report.