The HVAC equipment market in the US

US demand for HVAC equipment to reach USD 20.4 billion in 2019
According to a new study from Freedonia, demand for HVAC equipment in the US is forecast to increase 6.8% annually through 2019 to USD 20.4 billion, recording gains over twice the rate of the 2009-2014 period.
 
Unitary air conditioners will continue to comprise the largest share of total HVAC equipment demand, accounting for 44% of sales in 2019.
 
The nonresidential market accounts for the larger share of HVAC equipment demand in value terms, due to the larger size of HVAC systems used in these buildings and their consequently higher cost.  However, growth in the residential market will significantly outpace that in the nonresidential market.


US HVAC EQUIPMENT DEMAND
(million dollars)

% Annual Growth
Item 2009 2014 2019 2009-2014 2014-2019

HVAC Equipment Demand

12520

14700

20400

3.3

6.8
Unitary Air Conditioners
5550 6650 8980 3.7 6.2
Heat Pumps
2322 2790 4100 3.7 8.0
Warm Air furnaces
1642 1900 2800 3.0 8.1
Room Air Conditioners
1096 1345 1815 4.2 6.2
Other 1910 2015 2705 1.1 6.1






© 2015 by The Freedonia Group, Inc.