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US HVAC Market Forecasts - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

  • Study #: 3536
  • Published: 06/2017
  • Pages: 119
  • Full Study Price: US$ 4,900

US HVAC Market Forecasts - Industry Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

US demand for HVAC equipment will rise 3.9% per year through 2021 to $21.2 billion. Air conditiooning equipment will remain the leading product type in value terms, although heating equipment will register the most rapid gains. The residential market will outperform the commercial market, but will remain smaller due to higher heating and cooling requirements of larger buildings.

This Freedonia study presents historical demand data (2006, 2011, 2016) plus forecasts (2021) by product type (air conditioning equipment, dehumidifiers & humidifiers, heat pumps, and heating equipment), energy source (electricity, natural gas, heating oil and other), market (commercial and residential), and US region. Demand is presented in both dollars and units. The study also evaluates company market share and provides a competitive analysis of leading manufacturers, including Daikin Industries, Ingersoll-Rand, Johnson Controls, Lennox, LG Electronics, Nortek, Rheem, SPX, and United Technologies.

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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Factors Influencing HVAC Equipment Demand

Energy Profile

Energy Efficiency

Impact of Tax Credits on HVAC Equipment Demand

Refrigerant Regulations

Pricing Trends

Market Volatility

US Production & Foreign Trade

US Production & Foreign Trade Overview

Imports

Exports

PRODUCTS

Key Findings

Demand Forecast by Product Type

HVAC Equipment Forecast Overview

Air Conditioning Equipment

Heating Equipment

Heat Pumps

Dehumidifiers & Humidifiers

Demand Forecast by Energy Source

Demand Forecast in Units

HVAC Equipment Forecast Overview

Air Conditioning Equipment

Heating Equipment

Heat Pumps

Dehumidifiers & Humidifiers

Production Forecasts by Type

MARKETS

Key Findings

Demand Forecast by Market

HVAC Equipment Markets Overview

Commercial

HVAC Equipment Overview

Demand Forecast by Building Type

Demand Forecast by HVAC Equipment Product Type

Residential

HVAC Equipment Overview

Demand Forecast by Building Type

Demand Forecast by HVAC Equipment Product Type

REGIONS

Key Findings

HVAC Equipment Demand by Region

Regional Overview

Northeast

Regional Overview

Demand Forecast by Market

Demand Forecast by Product Type

Midwest

Regional Overview

Demand Forecast by Market

Demand Forecast by Product Type

South

Regional Overview

Demand Forecast by Market

Demand Forecast by Product Type

West

Regional Overview

Demand Forecast by Market

Demand Forecast by Product Type

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

HVAC Equipment Market Leaders

Other HVAC Equipment Suppliers

Competitive Strategies

Product Development & Manufacturing

Marketing

Distribution

Cooperative Agreements

Mergers, Acquisitions, & Industry Restructuring

List of Industry Participants

APPENDIX

Scope

Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Definitions

Abbreviations

Climate Zones

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Consumer Spending

Building Construction

Residential Building Construction

New Housing

Housing Stock

Improvements & Repairs

Nonresidential Building Construction


List of Tables

OVERVIEW

Table 2-1 | Average Retail Energy Costs in the US by Source, 2006 - 2021 ($/mil Btu)

Table 2-2 | HVAC Equipment Pricing Trends, 2006 - 2021 (dollars/unit)

Table 2-3 | Foreign Trade in HVAC Equipment, 2006 - 2021 (million dollars)

Table 2-4 | HVAC Equipment Imports by Source, 2006 - 2016 (million dollars)

Table 2-5 | HVAC Equipment Exports by Destination, 2006 - 2016 (million dollars)

PRODUCTS

Table 3-1 | HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)

Table 3-2 | HVAC Equipment Demand by Energy Source, 2006 - 2021 (million dollars)

Table 3-3 | HVAC Equipment Demand by Volume, 2006 - 2021 (000 units)

Table 3-4 | HVAC Equipment Shipments by Product Type, 2006 - 2021 (million dollars)

MARKETS

Table 4-1 | HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)

Table 4-2 | Commercial HVAC Equipment Demand, 2006 - 2021 (million dollars)

Table 4-3 | Commercial HVAC Equipment Demand by Building Type, 2006 - 2021 (million dollars)

Table 4-4 | Commercial HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)

Table 4-5 | Residential HVAC Equipment Demand, 2006 - 2021 (million dollars)

Table 4-6 | Residential HVAC Equipment Demand by Building Type, 2006 - 2021 (million dollars)

Table 4-7 | Residential HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)

REGIONS

Table 5-1 | HVAC Equipment Demand by Region, 2006 - 2021 (million dollars)

Table 5-2 | Northeast: HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)

Table 5-3 | Northeast: HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)

Table 5-4 | Midwest: HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)

Table 5-5 | Midwest: HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)

Table 5-6 | South: HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)

Table 5-7 | South: HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)

Table 5-8 | West: HVAC Equipment Demand by Market, 2006 - 2021 (million dollars)

Table 5-9 | West: HVAC Equipment Demand by Product Type, 2006 - 2021 (million dollars)

INDUSTRY STRUCTURE

Table 6-1 | HVAC Equipment Sales by Company, 2016 (million dollars)

Table 6-2 | R&D Spending for Selected HVAC Equipment Companies, 2016 (million dollars)

Table 6-3 | Selected Cooperative Agreements

Table 6-4 | Selected Acquisitions & Divestitures

APPENDIX

Table 7-1 | Study Scope: Air Conditioning Equipment Markets

Table 7-2 | Study Scope: US Regions

Table 7-3 | Relevant NAICS Codes (2012)

Table 7-4 | Abbreviations & Acronyms Used in Study

Table 7-5 | Macroeconomic Indicators, 2006 - 2021 (billion 2009 dollars)

Table 7-6 | Population & Households, 2006 - 2021 (million persons)

Table 7-7 | Personal Consumption Expenditures, 2006 - 2021 (billion dollars)

Table 7-8 | Building Construction Expenditures, 2006 - 2021 (billion dollars)

Table 7-9 | Residential Building Construction, 2006 - 2021 (billion dollars)

Table 7-10 | New Housing Indicators, 2006 - 2021 (thousand units)

Table 7-11 | Housing Stock by Type, 2006 - 2021 (million units)

Table 7-12 | Residential Improvement & Repair Expenditures, 2006 - 2021 (billion dollars)

Table 7-13 | Nonresidential Building Construction Expenditures, 2006 - 2021 (billion dollars)


List of Charts

EXECUTIVE SUMMARY

Figure 1-1 | Key Trends in the US Market for HVAC Equipment

OVERVIEW

Figure 2-1 | Key Trends in the US HVAC Equipment Market

Figure 2-2 | HVAC Equipment Picing Trends, 2006 - 2021 (annual percent change)

Figure 2-3 | HVAC Equipment Demand, 2006 - 2016 (million dollars)

Figure 2-4 | US Foreign Trade in HVAC Equipment, 2006 - 2016 (million dollars)

Figure 2-5 | HVAC Equipment Imports by Source, 2006 - 2016 (million dollars)

Figure 2-6 | HVAC Equipment Exports by Destination, 2006 - 2016 (million dollars)

PRODUCTS

Figure 3-1 | Key Trends in US HVAC Equipment Products

Figure 3-2 | HVAC Equipment Demand, 2006 - 2021 (percent annual change)

Figure 3-3 | Key Trends in Air Conditioning Equipment

Figure 3-4 | Key Trends in Heating Equipment

Figure 3-5 | Key Trends in Heat Pumps

Figure 3-6 | Key Trends in Dehumidifiers & Humidifiers

Figure 3-7 | HVAC Equipment Demand by Value & Volume, 2016 (percent of total)

Figure 3-8 | HVAC Equipment Shipments by Product Type, 2016 (billion dollars)

MARKETS

Figure 4-1 | Key Trends in US HVAC Equipment Markets

Figure 4-2 | HVAC Equipment Demand by Market, 2006 - 2021 (percent of total)

Figure 4-3 | Commercial HVAC Equipment Demand, 2006 - 2016 (million dollars)

Figure 4-4 | Commercial HVAC Equipment Demand by Building Type, 2016 (billion dollars)

Figure 4-5 | Commercial HVAC Equipment Demand by Product Type, 2016 (billion dollars)

Figure 4-6 | Residential HVAC Equipment Demand, 2006 - 2016 (million dollars)

Figure 4-7 | Residential HVAC Equipment Demand by Building Type, 2006 - 2021 (million dollars)

Figure 4-8 | Residential HVAC Equipment Demand by Product Type, 2016 (billion dollars)

REGIONS

Figure 5-1 | Key Trends in US HVAC Equipment Regions

Figure 5-2 | HVAC Equipment Demand by Region, 2016 (billion dollars)

Figure 5-3 | Northeast: Market Position

Figure 5-4 | Northeast: HVAC Equipment Demand by Product Type, 2016 (billion dollars)

Figure 5-5 | Midwest: Market Position

Figure 5-6 | Midwest: HVAC Equipment Demand by Product Type, 2016 (billion dollars)

Figure 5-7 | South: Market Position

Figure 5-8 | South: HVAC Equipment Demand by Product Type, 2016 (billion dollars)

Figure 5-9 | West: Market Position

Figure 5-10 | West: HVAC Equipment Demand by Product Type, 2016 (billion dollars)

INDUSTRY STRUCTURE

Figure 6-1 | US HVAC Equipment Market Share, 2016 (billion dollars)

Figure 6-2 | HVAC Equipment: Leading Supplier

Figure 6-3 | HVAC Equipment: Second Leading Supplier

Figure 6-4 | HVAC Equipment: Third Leading Supplier

Figure 6-5 | HVAC Equipment: Fourth Leading Supplier

APPENDIX

Figure 7-1 | Continental US Climate Zones

Figure 7-2 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average (percent)

Figure 7-3 | Annual Population Growth, 2001 - 2016 (percent)

Figure 7-4 | Housing Stock by Year of Construction, 2016 (percent)


© by The Freedonia Group, a division of MarketResearch.com


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