US HVAC Market Forecasts by Product, Energy Source, Market and Region

  • ID: 4533061
  • Report
  • Region: United States
  • 119 Pages
  • The Freedonia Group
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US HVAC Market Forecasts by Product, Energy Source, Market and Region

US demand for HVAC equipment is forecast to increase 3.9% per year through 2021. Replacement of existing equipment that has reached the end of its operational lifespan with better performing, and typically higher value, equipment will continue to support the majority of expected demand increases. Shifts in the product mix toward more expensive HVAC equipment -- such as away from room air conditioners and noncondensing cast iron boilers to unitary air conditioners and condensing steel boilers, respectively -- will provide further impetus to dollar gains.

This report analyzes HVAC equipment demand by product type, energy source, market, and region. Data are given in dollar value and units.

The HVAC equipment product types covered in the study are:

Air conditioning equipment

Heating equipment

Heat pumps

Dehumidifiers & humidifiers

Energy sources discussed in the report are:

Electricity

Natural Gas

Heating oil and other energy sources

The markets for heating equipment are:

Commercial, including both new buildings and existing buildings

Residential, including both new buildings and existing buildings

Demand is also broken out by US Census region:

Midwest

South

Northeast

West

Scope of the Report

This report shows the scope, size, and growth of the US HVAC equipment market, including key trends by product type and market. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, and year-by-year historical market volatility is also addressed. Also included is an analysis of the key industry players and their market share.
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1. EXECUTIVE SUMMARY
2. OVERVIEW
Key Findings
Factors Influencing HVAC Equipment Demand
Energy Profile
Energy Efficiency
Impact of Tax Credits on HVAC Equipment Demand
Refrigerant Regulations
Pricing Trends
Market Volatility
US Production & Foreign Trade
US Production & Foreign Trade Overview
Imports
Exports
3. PRODUCTS
Key Findings
Demand Forecast by Product Type
HVAC Equipment Forecast Overview
Air Conditioning Equipment
Heating Equipment
Heat Pumps
Dehumidifiers & Humidifiers
Demand Forecast by Energy Source
Demand Forecast in Units
HVAC Equipment Forecast Overview
Air Conditioning Equipment
Heating Equipment
Heat Pumps
Dehumidifiers & Humidifiers
Production Forecasts by Type
4. MARKETS
Key Findings
Demand Forecast by Market
HVAC Equipment Markets Overview
Commercial
HVAC Equipment Overview
Demand Forecast by Building Type
Demand Forecast by HVAC Equipment Product Type
Residential
HVAC Equipment Overview
Demand Forecast by Building Type
Demand Forecast by HVAC Equipment Product Type
5. REGIONS
Key Findings
HVAC Equipment Demand by Region
Regional Overview
Northeast
Regional Overview
Demand Forecast by Market
Demand Forecast by Product Type
Midwest
Regional Overview
Demand Forecast by Market
Demand Forecast by Product Type
South
Regional Overview
Demand Forecast by Market
Demand Forecast by Product Type
West
Regional Overview
Demand Forecast by Market
Demand Forecast by Product Type
6. INDUSTRY STRUCTURE
Key Findings & Industry Composition
Market Share
HVAC Equipment Market Leaders
Other HVAC Equipment Suppliers
Competitive Strategies
Product Development & Manufacturing
Marketing
Distribution
Cooperative Agreements
Mergers, Acquisitions, & Industry Restructuring
List of Industry Participants
7. APPENDIX
Scope
Methodology
Sources
Associations & Agencies
Related Freedonia Group Studies
Definitions
Abbreviations
Climate Zones
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Consumer Spending
Building Construction
Residential Building Construction
New Housing
Housing Stock
Improvements & Repairs
Nonresidential Building Construction
LIST OF TABLES
2. OVERVIEW
Table 2-1 - Average Retail Energy Costs in the US by Source, 2006 - 2021 ($/mil Btu)
Table 2-2 - HVAC Equipment Pricing Trends, 2006 - 2021 (dollars/unit)
Table 2-3 - Foreign Trade in HVAC Equipment, 2006 - 2021 (million dollars)
Table 2-4 - HVAC Equipment Imports by Source, 2006 - 2016 (million dollars)
Table 2-5 - HVAC Equipment Exports by Destination, 2006 - 2016 (million dollars)
3. PRODUCTS
Table 3-1 - HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)
Table 3-2 - HVAC Equipment Demand by Energy Source, 2006 - 2021 (million dollars)
Table 3-3 - HVAC Equipment Demand by Volume, 2006 - 2021 (000 units)
Table 3-4 - HVAC Equipment Shipments by Product Type, 2006 - 2021 (million
dollars)
4. MARKETS
Table 4-1 - HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)
Table 4-2 - Commercial HVAC Equipment Demand, 2006 - 2021 (million dollars)
Table 4-3 - Commercial HVAC Equipment Demand by Building Type, 2006 - 2021
(million dollars)
Table 4-4 - Commercial HVAC Equipment Demand by Product Type, 2006 - 2021
(million dollars)
Table 4-5 - Residential HVAC Equipment Demand, 2006 - 2021 (million dollars)
Table 4-6 - Residential HVAC Equipment Demand by Building Type, 2006 - 2021
(million dollars)
Table 4-7 - Residential HVAC Equipment Demand by Product Type, 2006 - 2021
(million dollars)
5. REGIONS
Table 5-1 - HVAC Equipment Demand by Region, 2006 - 2021 (million dollars)
Table 5-2 - Northeast: HVAC Equipment Demand by Market, 2006 - 2021 (million
dollars)
Table 5-3 - Northeast: HVAC Equipment Demand by Product Type, 2006 - 2021
(million dollars)
Table 5-4 - Midwest: HVAC Equipment Demand by Market, 2006 - 2021 (million
dollars)
Table 5-5 - Midwest: HVAC Equipment Demand by Product Type, 2006 - 2021
(million dollars)
Table 5-6 - South: HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)
Table 5-7 - South: HVAC Equipment Demand by Product Type, 2006 - 2021 (million
dollars)
Table 5-8 - West: HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)
Table 5-9 - West: HVAC Equipment Demand by Product Type, 2006 - 2021 (million
dollars)
6. INDUSTRY STRUCTURE
Table 6-1 - HVAC Equipment Sales by Company, 2016 (million dollars)
Table 6-2 - R&D Spending for Selected HVAC Equipment Companies, 2016 (million
dollars)
Table 6-3 - Selected Cooperative Agreements
Table 6-4 - Selected Acquisitions & Divestitures
7. APPENDIX
Table 7-1 - Study Scope: Air Conditioning Equipment Markets
Table 7-2 - Study Scope: US Regions
Table 7-3 - Relevant NAICS Codes (2012)
Table 7-4 - Abbreviations & Acronyms Used in Study
Table 7-5 - Macroeconomic Indicators, 2006 - 2021 (billion 2009 dollars)
Table 7-6 - Population & Households, 2006 - 2021 (million persons)
Table 7-7 - Personal Consumption Expenditures, 2006 - 2021 (billion dollars)
Table 7-8 - Building Construction Expenditures, 2006 - 2021 (billion dollars)
Table 7-9 - Residential Building Construction, 2006 - 2021 (billion dollars)
Table 7-10 - New Housing Indicators, 2006 - 2021 (thousand units)
Table 7-11 - Housing Stock by Type, 2006 - 2021 (million units)
Table 7-12 - Residential Improvement & Repair Expenditures, 2006 - 2021 (billion
dollars)
Table 7-13 - Nonresidential Building Construction Expenditures, 2006 - 2021 (billion
dollars)
LIST OF FIGURES
1. EXECUTIVE SUMMARY
Figure 1-1 - Key Trends in the US Market for HVAC Equipment
2. OVERVIEW
Figure 2-1 - Key Trends in the US HVAC Equipment Market
Figure 2-2 - HVAC Equipment Picing Trends, 2006 - 2021 (annual percent change)
Figure 2-3 - HVAC Equipment Demand, 2006 - 2016 (million dollars)
Figure 2-4 - US Foreign Trade in HVAC Equipment, 2006 - 2016 (million dollars)
Figure 2-5 - HVAC Equipment Imports by Source, 2006 - 2016 (million dollars)
Figure 2-6 - HVAC Equipment Exports by Destination, 2006 - 2016 (million dollars)
3. PRODUCTS
Figure 3-1 - Key Trends in US HVAC Equipment Products
Figure 3-2 - HVAC Equipment Demand, 2006 - 2021 (percent annual change)
Figure 3-3 - Key Trends in Air Conditioning Equipment
Figure 3-4 - Key Trends in Heating Equipment
Figure 3-5 - Key Trends in Heat Pumps
Figure 3-6 - Key Trends in Dehumidifiers & Humidifiers
Figure 3-7 - HVAC Equipment Demand by Value & Volume, 2016 (percent of total)
Figure 3-8 - HVAC Equipment Shipments by Product Type, 2016 (billion dollars)
4. MARKETS
Figure 4-1 - Key Trends in US HVAC Equipment Markets
Figure 4-2 - HVAC Equipment Demand by Market, 2006 - 2021 (percent of total)
Figure 4-3 - Commercial HVAC Equipment Demand, 2006 - 2016 (million dollars)
Figure 4-4 - Commercial HVAC Equipment Demand by Building Type, 2016 (billion
dollars)
Figure 4-5 - Commercial HVAC Equipment Demand by Product Type, 2016 (billion
dollars)
Figure 4-6 - Residential HVAC Equipment Demand, 2006 - 2016 (million dollars)
Figure 4-7 - Residential HVAC Equipment Demand by Building Type, 2006 - 2021
(million dollars)
Figure 4-8 - Residential HVAC Equipment Demand by Product Type, 2016 (billion
dollars)
5. REGIONS
Figure 5-1 - Key Trends in US HVAC Equipment Regions
Figure 5-2 - HVAC Equipment Demand by Region, 2016 (billion dollars)
Figure 5-3 - Northeast: Market Position
Figure 5-4 - Northeast: HVAC Equipment Demand by Product Type, 2016 (billion
dollars)
Figure 5-5 - Midwest: Market Position
Figure 5-6 - Midwest: HVAC Equipment Demand by Product Type, 2016 (billion
dollars)
Figure 5-7 - South: Market Position
Figure 5-8 - South: HVAC Equipment Demand by Product Type, 2016 (billion dollars)
Figure 5-9 - West: Market Position
Figure 5-10 - West: HVAC Equipment Demand by Product Type, 2016 (billion dollars)
6. INDUSTRY STRUCTURE
Figure 6-1 - US HVAC Equipment Market Share, 2016 (billion dollars)
Figure 6-2 - HVAC Equipment: Leading Supplier
Figure 6-3 - HVAC Equipment: Second Leading Supplier
Figure 6-4 - HVAC Equipment: Third Leading Supplier
Figure 6-5 - HVAC Equipment: Fourth Leading Supplier
7. APPENDIX
Figure 7-1 - Continental US Climate Zones
Figure 7-2 - Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005
Average (percent)
Figure 7-3 - Annual Population Growth, 2001 - 2016 (percent)
Figure 7-4 - Housing Stock by Year of Construction, 2016 (percent)
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