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

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.