ShareThe 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.
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.
| % 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.