These latest insights come from analysts at Frost & Sullivan in "U.S. Residential HVAC Equipment Markets." The report reveals this market generated revenues worth $10.78 billion in 2002 and is likely to reach $12.84 billion by 2009.
That market outlook is "pretty good," particularly for air-to-air heat pumps, said research analyst Jerry Davis. However, "Until manufacturers come up with sophisticated products which address air handling, heating, venting, purification, and cooling" - and contractors are willing to offer those products to consumers - "market maturity will continue to stalk the HVAC industry."