HVAC Equipment

As Quoted In impeller.net

Rising interest in more energy-efficient, higher-priced HVAC systems, in part spurred by regulatory changes, will help support increased demand -- particularly in value terms.

US demand to rise 5.1% annually through 2015

Demand in the US for heating, ventilation and air conditioning (HVAC) equipment is projected to increase 5.1 percent annually to $16.8 billion in 2015. Advances will be stimulated by growth in residential and many types of nonresidential construction spending from a low 2010 base. Rising interest in more energy-efficient HVAC systems, in part spurred by regulatory changes, will also support increased demand -- particularly in value terms since more efficient systems and those using less environmentally harmful refrigerants are typically priced at a premium. Furthermore, public and private incentives will encourage owners to upgrade to models with efficiency ratings that are at or above ENERGY STAR levels.

Geothermal energy systems to post strongest growth

The choice between various HVAC equipment fuels is largely influenced by the convenience, environmental friendliness, availability and price of the fuels, as well as the initial costs, operating costs and efficiency of the equipment. In 2010, electricity was the dominant fuel source, accounting for 78 percent of the market. Sales of geothermal energypowered systems are expected to post the strongest average annual growth through 2015, driven by interest in these efficient and environmentally friendly HVAC systems, as well as by tax incentives encouraging their installation.

Unitary air conditioners to remain largest cooling system segment

Unitary air conditioners are the largest segment of the cooling system market, accounting for nearly three-quarters of the total in 2010. In addition, demand for unitary systems will increase at an above-average pace, benefiting from the continuing development of higherefficiency 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.

Heat pumps to be fastest growing heating equipment

Heat pumps accounted for the largest share of heating equipment value demand in 2010 and have been supplanting 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.

Study Scope

This study analyzes the $13.1 billion US HVAC equipment industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by fuel type, equipment type (e.g., heat pumps, warm air furnaces, boilers, room and zone heating equipment, humidifiers, unitary air conditioners, room air conditioners, chillers, dehumidifiers) and market (e.g., residential, nonresidential, new building, replacement).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 32 industry players, including United Technologies, Ingersoll-Rand and Goodman Global.

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  1. HVAC Equipment

    $5,100.00

    1. 1 INTRODUCTION

      $323.00

    2. 2 EXECUTIVE SUMMARY

      $323.00

      1. Table | HVAC EQUIPMENT SUPPLY & DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $3,075.00

      1. 3.1 General

        $323.00

      2. 3.2 Macroeconomic Environment

        $323.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)*

      3. 3.3 Demographic Trends

        $323.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

        2. 3.3.1 Population

          $323.00

        3. 3.3.2 Households

          $323.00

      4. 3.4 Consumer Trends

        $356.00

        1. 3.4.1 Personal Income & Expenditures

          $323.00

          1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion dollars)

        2. 3.4.2 Consumer Financing

          $323.00

          1. Table | CONSUMER FINANCING ENVIRONMENT, 2000-2010

      5. 3.5 Building Construction

        $1,010.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

        2. 3.5.1 Residential

          $670.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

          2. Table | NEW HOUSING INDICATORS

          3. Table | HOUSING STOCK BY TYPE (million units)

          4. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES (billion dollars)

        3. 3.5.2 Nonresidential

          $323.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

          2. Table | NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES (billion dollars)

      6. 3.6 Regulations & Standards

        $447.00

        1. 3.6.1 Refrigerants

          $323.00

        2. 3.6.2 Efficiency

          $323.00

      7. 3.7 Pricing Trends

        $323.00

        1. Table | HVAC EQUIPMENT PRICES (dollars per unit)

      8. 3.8 World Market

        $323.00

      9. 3.9 Foreign Trade

        $356.00

        1. Table | US FOREIGN TRADE IN HVAC EQUIPMENT (million dollars)

        2. 3.9.1 Exports

          $323.00

        3. 3.9.2 Imports

          $323.00

    4. 4 HEATING & COOLING FUEL TYPES

      $910.00

      1. 4.1 General

        $323.00

        1. Table | HVAC EQUIPMENT DEMAND BY FUEL TYPE (million dollars)

      2. 4.2 Electricity

        $323.00

        1. Table | ELECTRIC HVAC EQUIPMENT DEMAND (million dollars)

      3. 4.3 Natural Gas

        $323.00

        1. Table | NATURAL GAS-BURNING HVAC EQUIPMENT DEMAND (million dollars)

      4. 4.4 Geothermal Energy

        $323.00

        1. Table | GEOTHERMAL ENERGY HVAC EQUIPMENT DEMAND (million dollars)

      5. 4.5 Heating Oil

        $323.00

        1. Table | HEATING OIL-BURNING HVAC EQUIPMENT DEMAND (million dollars)

      6. 4.6 Others

        $323.00

        1. Table | OTHER ENERGY-POWERED HVAC EQUIPMENT DEMAND (million dollars)

    5. 5 HEATING EQUIPMENT

      $3,112.00

      1. 5.1 General

        $323.00

      2. 5.2 Supply & Demand

        $323.00

        1. Table | HEATING EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 5.3 Shipments by Type

        $323.00

        1. Table | HEATING EQUIPMENT SHIPMENTS BY TYPE (million dollars)

      4. 5.4 Heat Pumps

        $891.00

        1. 5.4.1 Supply & Demand

          $323.00

          1. Table | HEAT PUMP SUPPLY & DEMAND

        2. 5.4.2 Types

          $648.00

          1. Table | HEAT PUMP SHIPMENTS BY TYPE (million dollars)

          2. Table | AIR SOURCE HEAT PUMP SHIPMENTS

          3. Table | GEOTHERMAL HEAT PUMP SHIPMENTS

      5. 5.5 Warm Air Furnaces

        $758.00

        1. 5.5.1 Supply & Demand

          $323.00

          1. Table | WARM AIR FURNACE SUPPLY & DEMAND

        2. 5.5.2 Types

          $589.00

          1. Table | WARM AIR FURNACE SHIPMENTS BY TYPE (million dollars)

          2. Table | NATURAL GAS-BURNING WARM AIR FURNACE SHIPMENTS BY TYPE

          3. Table | ELECTRIC-POWERED WARM AIR FURNACE SHIPMENTS BY TYPE

          4. Table | HEATING OIL-BURNING WARM AIR FURNACE SHIPMENTS

      6. 5.6 Boilers

        $595.00

        1. 5.6.1 Supply & Demand

          $323.00

          1. Table | BOILER SUPPLY & DEMAND

        2. 5.6.2 Types

          $431.00

          1. Table | BOILER SHIPMENTS BY TYPE (million dollars)

          2. Table | CAST IRON BOILER SHIPMENTS BY FUEL TYPE

          3. Table | STEEL BOILER SHIPMENTS BY FUEL TYPE

      7. 5.7 Room & Zone Heating Equipment

        $323.00

        1. 5.7.1 Supply & Demand

          $323.00

          1. Table | ROOM & ZONE HEATING EQUIPMENT SUPPLY & DEMAND

        2. 5.7.2 Types

          $323.00

        3. 5.7.3 Manufacturers

          $323.00

      8. 5.8 Humidifiers

        $323.00

        1. 5.8.1 Supply & Demand

          $323.00

          1. Table | HUMIDIFIER SUPPLY & DEMAND

        2. 5.8.2 Characteristics

          $323.00

        3. 5.8.3 Manufacturers

          $323.00

    6. 6 COOLING EQUIPMENT

      $1,965.00

      1. 6.1 General

        $323.00

      2. 6.2 Supply & Demand

        $323.00

        1. Table | COOLING EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 6.3 Shipments by Type

        $323.00

        1. Table | COOLING EQUIPMENT SHIPMENTS BY TYPE (million dollars)

      4. 6.4 Unitary Air Conditioners

        $424.00

        1. 6.4.1 Supply & Demand

          $323.00

          1. Table | UNITARY AIR CONDITIONER SUPPLY & DEMAND

        2. 6.4.2 Characteristics

          $323.00

        3. 6.4.3 Types

          $323.00

        4. 6.4.4 Manufacturers

          $323.00

      5. 6.5 Room Air Conditioners

        $441.00

        1. 6.5.1 Supply & Demand

          $323.00

          1. Table | ROOM AIR CONDITIONER SUPPLY & DEMAND

        2. 6.5.2 Characteristics

          $323.00

        3. 6.5.3 Types

          $323.00

        4. 6.5.4 Manufacturers

          $323.00

      6. 6.6 Chillers

        $323.00

        1. 6.6.1 Supply & Demand

          $323.00

          1. Table | CHILLER SUPPLY & DEMAND

        2. 6.6.2 Characteristics

          $323.00

      7. 6.7 Absorption Liquid Chilling Systems

        $323.00

        1. 6.7.1 Supply & Demand

          $323.00

          1. Table | ABSORPTION LIQUID CHILLER SUPPLY & DEMAND

        2. 6.7.2 Characteristics

          $323.00

      8. 6.8 Dehumidifiers

        $323.00

        1. 6.8.1 Supply & Demand

          $323.00

          1. Table | DEHUMIDIFIER SUPPLY & DEMAND

        2. 6.8.2 Characteristics

          $323.00

        3. 6.8.3 Manufacturers

          $323.00

      9. 6.9 Packaged Terminal Air Conditioners

        $323.00

        1. Table | PACKAGED TERMINAL AIR CONDITIONER SUPPLY & DEMAND

    7. 7 MARKETS

      $1,514.00

      1. 7.1 General

        $323.00

        1. Table | HVAC EQUIPMENT DEMAND BY SEGMENT & MARKET (million dollars)

      2. 7.2 Residential

        $871.00

        1. Table | RESIDENTIAL HVAC EQUIPMENT DEMAND BY MARKET & TYPE (million dollars)

        2. 7.2.1 New Building

          $323.00

          1. Table | NEW RESIDENTIAL HVAC EQUIPMENT BY TYPE & BUILDING (million dollars)

        3. 7.2.2 Replacement

          $369.00

          1. Table | REPLACEMENT RESIDENTIAL HVAC EQUIPMENT DEMAND BY TYPE

      3. 7.3 Nonresidential

        $529.00

        1. Table | NONRESIDENTIAL HVAC EQUIPMENT BY MARKET & TYPE (million dollars)

        2. 7.3.1 New Building

          $323.00

          1. Table | NEW BUILDING NONRESIDENTIAL HVAC EQUIPMENT DEMAND BY TYPE

        3. 7.3.2 Replacement

          $323.00

          1. Table | REPLACEMENT NONRESIDENTIAL HVAC EQUIPMENT DEMAND BY TYPE

    8. 8 INDUSTRY STRUCTURE

      $5,132.00

      1. 8.1 General

        $323.00

      2. 8.2 Industry Composition

        $323.00

        1. Table | US HVAC EQUIPMENT SALES BY COMPANY, 2010 (million dollars)

      3. 8.3 Market Share

        $330.00

      4. 8.4 Competitive Strategies

        $323.00

      5. 8.5 Research & Development

        $323.00

      6. 8.6 Distribution

        $323.00

      7. 8.7 Marketing

        $323.00

      8. 8.8 Mergers & Acquisitions

        $323.00

      9. 8.9 Cooperative Agreements

        $323.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      10. 8.10 Company Profiles

        $5,132.00

        1. 8.10.1 AAON Incorporated

          $323.00

        2. 8.10.2 Bradford White Corporation

          $323.00

        3. 8.10.3 Burnham Holdings Incorporated

          $323.00

        4. 8.10.4 Daikin Industries Limited

          $323.00

        5. 8.10.5 Danfoss A/S

          $323.00

        6. 8.10.6 Dectron Internationale Incorporated

          $323.00

        7. 8.10.7 Dunham-Bush Holding Berhad

          $323.00

        8. 8.10.8 ECR International Incorporated

          $323.00

        9. 8.10.9 Elco Holdings Limited

          $323.00

        10. 8.10.10 Electrolux AB

          $323.00

        11. 8.10.11 Emerson Electric Company

          $323.00

        12. 8.10.12 Friedrich Air Conditioning Company

          $323.00

        13. 8.10.13 GD Midea Holding Company Limited

          $323.00

        14. 8.10.14 Goodman Global Holdings LP

          $323.00

        15. 8.10.15 Haier Group Company

          $323.00

        16. 8.10.16 Heat Controller Incorporated

          $323.00

        17. 8.10.17 Ingersoll-Rand plc

          $323.00

        18. 8.10.18 Johnson Controls Incorporated

          $323.00

        19. 8.10.19 Lennox International Incorporated

          $323.00

        20. 8.10.20 LG Electronics Incorporated

          $323.00

        21. 8.10.21 LSB Industries Incorporated

          $323.00

        22. 8.10.22 Mestek Incorporated

          $386.00

        23. 8.10.23 Modine Manufacturing Company

          $323.00

        24. 8.10.24 Nortek Incorporated

          $323.00

        25. 8.10.25 Paloma Company Limited

          $323.00

        26. 8.10.26 Panasonic Corporation

          $323.00

        27. 8.10.27 PB Heat LLC

          $323.00

        28. 8.10.28 Research Products Corporation

          $323.00

        29. 8.10.29 Sharp Corporation

          $323.00

        30. 8.10.30 Tecumseh Products Company

          $323.00

        31. 8.10.31 Thomas & Betts Corporation

          $323.00

        32. 8.10.32 United Technologies Corporation

          $492.00

        33. 8.10.33 Whirlpool Corporation

          $323.00

      11. 8.11 Additional Companies in HVAC Equipment

        $323.00

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