Demand in the U.S. for heating, ventilation and air conditioning (HVAC) equipment is projected to increase 5.1 percent annually to $16.8 billion in 2015, according to a study just released by The Freedonia Group, a Cleveland-based market research firm.
Rising interest in more energy-efficient HVAC systems, in part spurred by
regulatory changes, will also support increased demand. Systems using less
environmentally harmful refrigerants will be popular, despite their premium
price. Public and private incentives will encourage owners to upgrade to models
with efficiency ratings that are at or above Energy Star levels.
Environmental concerns will provide a special boost to cooling equipment,
especially central and room air conditioners. Demand for these will increase at
an above-average pace, benefiting from the continuing development of
higher-efficiency models and from gains in the share of homes with central air
conditioning. The cooling equipment industry is affected by a variety of
regulations, including those involving ozone-depleting hydrochlorofluorocarbon
refrigerants. For example, in 2010 the production and import of HCFC-142b and
R-22 were banned, although the government permitted a declining allocation of
R-22 to service existing equipment until production is completely banned in
2020.
Heat pumps accounted for the largest share of heating equipment value demand
in 2010 and have been gaining share at the expense of less efficient equipment
and those that provide heating only. Through 2015, demand for heat pumps is
expected to post the strongest gains of any heating equipment, supported by
their ability to provide efficient heating and cooling in moderate climates, and
by rising interest in geothermal versions. Demand for boilers will also post
above-average gains benefiting from the rebound in nonresidential and
residential multiunit construction, and interest in radiant heating systems.
Source: Home Channel News
Posted in: smart city
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