Abstract
US demand to rise 3.2% annually through 2011
Demand in the US for heating, ventilation and air conditioning (HVAC)
equipment is forecast to increase 3.2 percent per year to $16.8 billion in
2011. Advances will be primarily driven by strong gains in nonresidential
construction, along with ongoing growth in the residential replacement market.
Although gains will be restrained by projected declines in new single unit
housing completions between 2006 and 2011, nearly threequarters of HVAC demand
is attributable to replacements. Growth in the replacement sector will benefit
from rising interest in more energy efficient building systems driven by
rising energy prices, spurring the replacement of older HVAC equipment with
newer models. Changing regulations regarding minimum efficiency requirements
for many of these systems will also affect sales of HVAC equipment.
Geothermal energy systems to lead gains from small base
The choice among various fuels used in HVAC systems is largely affected by the
convenience, environmental friendliness, availability and price of the fuels,
and the initial costs, operational costs and efficiency of the systems that
use the fuels. In 2006, electric powered HVAC systems accounted for 82 percent
of US sales value and natural gas-burning systems accounted for 16 percent of
sales. Systems operating on geothermal energy will post the strongest gains,
albeit from a very small base.
Study coverage
It presents historical demand data (1996, 2001 and 2006) plus forecasts for
2011 and 2016 by fuel, product and market. The study also considers market
environment factors, evaluates company market share and profiles leading
industry competitors including American Standard, Goodman Glboal Holding,
Johnson Controls, Lennox International, Paloma Industries and United
Technologies.
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