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Related Items Heatcraft Refrigeration Products launches new condensing unit Heat Transfer Products names industry veteran solar product manager for North America Refrige.com Special Edition, Issue 3, January-March 2009 HVAC Mobile Green Classroom cruises into 2009 AHR Expo Vectaire launches speed fans Microbox range OTTI announces 3rd edition of Conference on Solar Air Conditioning Home Archive Industry News February 2007 U.S. market for HVAC equipment heating up to $18 billion by 2010 U.S. market for HVAC equipment heating up to $18 billion by 2010 Friday, 09 February 2007 Capitalizing on energy efficiency upgrades mandated by the U.S. Department of Energy's SEER standard 13 requirements for residential air conditioners and heat pumps, the market supply for HVAC equipment experienced double-digit growth in 2005 reaching a value of $13.3 billion. Market findings in HVAC Equipment in the U.S., a new report from market research firm SBI, a division of MarketResearch.com, show the market supply surpassing $18 billion by 2010, reveals a news story from "Sys-Con Media". Unitary air conditioners and ground source heat pumps lead growth in domestic shipment values, with unitary air conditioners - making up a 68% share of total market shipment values - growing 16% in 2005 to reach $8.5 billion. Conversely, room air conditioners and dehumidifiers declined in both volume and value, with volume declining 11% in 2005. SBI projects the market will continue to see annual increases in value due primarily to continued growth in the residential and non-residential construction markets. New construction, reconstruction and remodeling were key influences on increases in HVAC system retrofits and upgrades in 2006. While household purchases of HVAC systems went from 6.1% in 2004 to 5.5% in 2006, purchasing rates jumped to 14% among those who acquired a home in the previous year and 13% among those undertaking major home improvements. "Increased energy efficiency in new units and retrofits along with increased interest in newer conditioning modalities such as whole-house ventilation systems, geothermal HVAC systems and underfloor air distribution systems (UFADs) are helping to stimulate interest in the market," notes Tatjana Meerman, Managing Editor of SBI. "At the same time, the SEER 13 standard and newer technologies are making for superior products, which are winning favor with both consumers and contractors." Containing comprehensive data on U.S. shipments, imports and exports, end- use markets, purchaser demographics, and the competitive environment, HVAC Equipment in the U.S. identifies key issues, regulations and trends affecting the marketplace, and profiles major marketers along with manufacturer and retailer strategies. Priced at $3000, this report is available from SBI by visiting: http://www.sbireports.com/HVAC-Equipment-1281486. It is also available at MarketResearch.com.   [ Back ]