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


Attention: There is an updated edition available for this report.

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.


  • EXECUTIVE SUMMARY
    • Table Figure 1-1 | Key Trends in the US Market for HVAC Equipment
  • OVERVIEW
    • Key Findings
      • Table Figure 2-1 | Key Trends in the US HVAC Equipment Market
    • Factors Influencing HVAC Equipment Demand
    • Energy Profile
      • Table Average Retail Energy Costs in the US by Source, 2006 - 2021
    • Energy Efficiency
    • Impact of Tax Credits on HVAC Equipment Demand
    • Refrigerant Regulations
    • Pricing Trends
      • Table HVAC Equipment Pricing Trends, 2006 - 2021
      • Table Figure 2-2 | HVAC Equipment Picing Trends, 2006 - 2021
    • Market Volatility
      • Table Figure 2-3 | HVAC Equipment Demand, 2006 - 2016
    • US Production & Foreign Trade
      • US Production & Foreign Trade Overview
        • Table Foreign Trade in HVAC Equipment, 2006 - 2021
        • Table Figure 2-4 | US Foreign Trade in HVAC Equipment, 2006 - 2016
      • Imports
        • Table HVAC Equipment Imports by Source, 2006 - 2016
        • Table Figure 2-5 | HVAC Equipment Imports by Source, 2006 - 2016
      • Exports
        • Table HVAC Equipment Exports by Destination, 2006 - 2016
        • Table Figure 2-6 | HVAC Equipment Exports by Destination, 2006 - 2016
  • PRODUCTS
    • Key Findings
      • Table Figure 3-1 | Key Trends in US HVAC Equipment Products
    • Demand Forecast by Product Type
      • HVAC Equipment Forecast Overview
        • Table HVAC Equipment Demand by Product Type, 2006 - 2021
        • Table Figure 3-2 | HVAC Equipment Demand, 2006 - 2021
      • Air Conditioning Equipment
        • Table Figure 3-3 | Key Trends in Air Conditioning Equipment
      • Heating Equipment
        • Table Figure 3-4 | Key Trends in Heating Equipment
      • Heat Pumps
        • Table Figure 3-5 | Key Trends in Heat Pumps
      • Dehumidifiers & Humidifiers
        • Table Figure 3-6 | Key Trends in Dehumidifiers & Humidifiers
    • Demand Forecast by Energy Source
      • Table HVAC Equipment Demand by Energy Source, 2006 - 2021
    • Demand Forecast in Units
      • HVAC Equipment Forecast Overview
        • Table HVAC Equipment Demand by Volume, 2006 - 2021
        • Table Figure 3-7 | HVAC Equipment Demand by Value & Volume, 2016
      • Air Conditioning Equipment
      • Heating Equipment
      • Heat Pumps
      • Dehumidifiers & Humidifiers
    • Production Forecasts by Type
      • Table HVAC Equipment Shipments by Product Type, 2006 - 2021
      • Table Figure 3-8 | HVAC Equipment Shipments by Product Type, 2016
  • MARKETS
    • Key Findings
      • Table Figure 4-1 | Key Trends in US HVAC Equipment Markets
    • Demand Forecast by Market
      • HVAC Equipment Markets Overview
        • Table HVAC Equipment Demand by Market, 2006 - 2021
        • Table Figure 4-2 | HVAC Equipment Demand by Market, 2006 - 2021
      • Commercial
        • Table Commercial HVAC Equipment Demand, 2006 - 2021
        • Table Figure 4-3 | Commercial HVAC Equipment Demand, 2006 - 2016
        • Table Commercial HVAC Equipment Demand by Building Type, 2006 - 2021
        • Table Figure 4-4 | Commercial HVAC Equipment Demand by Building Type, 2016
        • Table Commercial HVAC Equipment Demand by Product Type, 2006 - 2021
        • Table Figure 4-5 | Commercial HVAC Equipment Demand by Product Type, 2016
      • Residential
        • Table Residential HVAC Equipment Demand, 2006 - 2021
        • Table Figure 4-6 | Residential HVAC Equipment Demand, 2006 - 2016
        • Table Residential HVAC Equipment Demand by Building Type, 2006 - 2021
        • Table Figure 4-7 | Residential HVAC Equipment Demand by Building Type, 2006 - 2021
        • Table Residential HVAC Equipment Demand by Product Type, 2006 - 2021
        • Table Figure 4-8 | Residential HVAC Equipment Demand by Product Type, 2016
  • REGIONS
    • Key Findings
      • Table Figure 5-1 | Key Trends in US HVAC Equipment Regions
    • HVAC Equipment Demand by Region
      • Regional Overview
        • Table HVAC Equipment Demand by Region, 2006 - 2021
        • Table Figure 5-2 | HVAC Equipment Demand by Region, 2016
      • Northeast
        • Table Northeast: HVAC Equipment Demand by Market, 2006 - 2021
        • Table Figure 5-3 | Northeast: Market Position
        • Table Northeast: HVAC Equipment Demand by Product Type, 2006 - 2021
        • Table Figure 5-4 | Northeast: HVAC Equipment Demand by Product Type, 2016
      • Midwest
        • Table Midwest: HVAC Equipment Demand by Market, 2006 - 2021
        • Table Figure 5-5 | Midwest: Market Position
        • Table Midwest: HVAC Equipment Demand by Product Type, 2006 - 2021
        • Table Figure 5-6 | Midwest: HVAC Equipment Demand by Product Type, 2016
      • South
        • Table South: HVAC Equipment Demand by Market, 2006 - 2021
        • Table Figure 5-7 | South: Market Position
        • Table South: HVAC Equipment Demand by Product Type, 2006 - 2021
        • Table Figure 5-8 | South: HVAC Equipment Demand by Product Type, 2016
      • West
        • Table West: HVAC Equipment Demand by Market, 2006 - 2021
        • Table Figure 5-9 | West: Market Position
        • Table West: HVAC Equipment Demand by Product Type, 2006 - 2021
        • Table Figure 5-10 | West: HVAC Equipment Demand by Product Type, 2016
  • INDUSTRY STRUCTURE
    • Key Findings & Industry Composition
      • Table HVAC Equipment Sales by Company, 2016
    • Market Share
      • HVAC Equipment Market Leaders
        • Table Figure 6-1 | US HVAC Equipment Market Share, 2016
        • Table Figure 6-2 | HVAC Equipment: Leading Supplier
        • Table Figure 6-3 | HVAC Equipment: Second Leading Supplier
        • Table Figure 6-4 | HVAC Equipment: Third Leading Supplier
        • Table Figure 6-5 | HVAC Equipment: Fourth Leading Supplier
      • Other HVAC Equipment Suppliers
    • Competitive Strategies
    • Product Development & Manufacturing
      • Table R&D Spending for Selected HVAC Equipment Companies, 2016
    • Marketing
    • Distribution
    • Cooperative Agreements
      • Table Selected Cooperative Agreements
    • Mergers, Acquisitions, &Industry Restructuring
      • Table Selected Acquisitions & Divestitures
    • List of Industry Participants
  • APPENDIX
    • Scope
      • Table Study Scope: Air Conditioning Equipment Markets
      • Table Study Scope: US Regions
      • Table Relevant NAICS Codes
    • Methodology
    • Sources
    • Associations & Agencies
    • Related Freedonia Group Studies
    • Definitions
    • Abbreviations
      • Table Abbreviations & Acronyms Used in Study
    • Climate Zones
      • Table Figure 7-1 | Continental US Climate Zones*
    • Macroeconomic Assumptions
      • Economic Environment
        • Table Macroeconomic Indicators, 2006 - 2021
        • Table Figure 7-2 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average
      • Demographic Trends
        • Table Population & Households, 2006 - 2021
        • Table Figure 7-3 | Annual Population Growth, 2001 - 2016
      • Consumer Spending
        • Table Personal Consumption Expenditures, 2006 - 2021
      • Building Construction
        • Table Building Construction Expenditures, 2006 - 2021
      • Residential Building Construction
        • Table Residential Building Construction, 2006 - 2021
        • Table New Housing Indicators, 2006 - 2021
        • Table Housing Stock by Type, 2006 - 2021
        • Table Figure 7-4 | Housing Stock by Year of Construction, 2016
        • Table Residential Improvement & Repair Expenditures, 2006 - 2021
      • Nonresidential Building Construction
        • Table Nonresidential Building Construction Expenditures, 2006 - 2021

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook