HVAC equipment demand is forecast to increase nearly seven percent per year through 2019, according to Freedonia analysts. Strong anticipated growth in building construction will drive equipment sales. Data is provided in million dollars and units.
11 Products Discussed in the Study
There is a wide range of HVAC equipment available, with purchasing criterion involving whether heating or cooling is required and the size of the space requiring HVAC equipment. Among the products discussed are unitary air conditioners, heat pumps, warm air furnaces, room air conditioners, room and zone heating equipment, humidifiers, dehumidifiers, boilers, packaged terminal air conditioners, absorption liquid chilling systems, and chillers.
Residential Market to Significantly Outpace Nonresidential
Although the residential market is the smaller of the two HVAC markets in the US, sales growth will be substantially faster through 2019 than in the nonresidential. Within the residential market, replacement demand will register the fastest increases in equipment sales.
4 Companies dominate the US HVAC Equipment industry
The HVAC equipment industry is concentrated, with a handful of suppliers dominating the market. Leading companies include Daikin, Ingersoll-Rand, Johnson Controls, Lennox, LG Electronics, Nortek, Paloma, and United Technologies.