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US Market for HVAC Equipment
Taiyou Research, Jan 2012, Pages: 70
'The heating, ventilation and air conditioning (HVAC) equipment market in the US had an acceleration in demand by over four percent yearly through the past five years. It is now projected to grow from $5.38 billion in 2010 to $8.15 billion in 2015. Advances will be driven primarily by a projected recovery in nonresidential construction, along with ongoing strength in residential remodeling. Because of the large stock in place, HVAC demand attributable to replacements and improvements comprises about 70% of total demand.
Growth in the replacement sector will benefit from rising interest in more energy efficient building systems, driving the replacement of older HVAC equipment. Benefitting in part from the relatively low initial costs of these systems, warm air furnace shipments accounted for the largest share of total heating equipment shipments. Meanwhile, shipments of unitary air conditioners represented 79% of all cooling equipment shipments. Packaged terminal air conditioners and chillers are forecast to achieve above average annual gains, benefitting from their use in industrial and commercial markets, two areas that are expected to post strong recoveries in construction.
Biggest players in the market remain United Technologies, Lennox Industries, and Ingersoll-Rand, amongst others.
Heating and cooling systems can be powered by a variety of fuel types, including electricity, natural gas and other types such as heating oil, geothermal energy, solar energy, propane, coal etc. In the HVAC equipment market, the choice among various fuels is affected largely by the convenience, environmental friendliness, availability and price of the fuels, as well as the initial costs, operational costs and efficiency of the systems that use the fuels.
The US market for heating, ventilation and air conditioning equipment is sensitive to a variety of factors, many if not most, of which are beyond the direct control of the manufacturers. Demand for HVAC equipment is closely related to trends in building construction, both for installation in newly constructed homes and nonresidential buildings, and in the replacement and upgrade of HVAC equipment in existing homes and nonresidential buildings.
Since buildings account for about one-fifth of the world's delivered energy demand, efforts to foster energy efficiency have focused on improving the use of power in residential and commercial spaces. In particular, improving the efficiency of HVAC systems has become a vital part of a larger effort to improve energy efficiency across the world.
In this industry scenario, Taiyou Research analyzes the US Market for HVAC Equipment in its latest research offering. The report covers the following:
- An introduction to HVAC analyzing what is HVAC, the history of HVAC, the various components of HVAC, that is, heating, ventilation and air conditioning.
- The US market for HVAC Equipment is analyzed through a market profile, the market for heating equipment and cooling equipments, the demand for HVAC equipment in the US, the residential and nonresidential demand for HVAC equipment in the US and import/export statistics.
- An analysis of the fuel types used in HVAC equipment in the US.
- An analysis of the major industry trends and the industry structure.
- An analysis of the regulations having an impact of the US HVAC equipment market.
- An analysis of the major industry players through a company overview, business segment analysis, their market presence, and a SWOT analysis.
- An industry outlook for the overall market for HVAC equipment in the US, the outlook for heating equipment, an outlook for cooling equipment, and an outlook for HVAC equipment demand in both the residential and nonresidential sectors.
Taiyou Research's report on the US Market for HVAC Equipment is a comprehensive profile of this lucrative industry.
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