Study: HVAC, green roofing to rebound
Fueled by federal tax credits, U.S. homeowners
will push the industries to double-digit growth as they spend billions on
remodeling work and upgrades, SBI officials said.
The energy-efficient HVAC and green roofing markets will return to prosperity by 2011, according to a new study by market research firm SBI Energy.
Fueled by federal tax credits, U.S. homeowners will push the industries to double-digit growth as they spend billions on remodeling work and upgrades, SBI officials said.
"Beyond 2010, we project that all residential energy-efficient roofing and HVAC product segments will follow the anticipated rise in the construction and remodeling cycle that will occur as a result of the government stimulus," said Shelley Carr, SBI Energy publisher.
SBI says the HVAC industry will have a compound annual growth rate of 16 percent from now until 2013. The segment’s market value will exceed $5 billion, officials added.
Residential roofing sales will grow 20 percent to 30 percent annually between 2011 and 2013, the report said.
The energy-efficient HVAC and green roofing markets will return to prosperity by 2011, according to a new study by market research firm SBI Energy.
Fueled by federal tax credits, U.S. homeowners will push the industries to double-digit growth as they spend billions on remodeling work and upgrades, SBI officials said.
"Beyond 2010, we project that all residential energy-efficient roofing and HVAC product segments will follow the anticipated rise in the construction and remodeling cycle that will occur as a result of the government stimulus," said Shelley Carr, SBI Energy publisher.
SBI says the HVAC industry will have a compound annual growth rate of 16 percent from now until 2013. The segment’s market value will exceed $5 billion, officials added.
Residential roofing sales will grow 20 percent to 30 percent annually between 2011 and 2013, the report said.
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