Posted in | News

New Analysis on the U.S. Residential Heating and Air Conditioning Equipment Market

Consumers' demand to go green, along with higher energy efficiency, compels manufacturers to increase R&D spending for North American heating and air conditioning equipment. Not only will this help withstand competition for this market, it will also withstand volatile fuel prices that play a part in the demand for energy-efficient systems.

New analysis from Frost & Sullivan, U.S. Residential Heating and Air Conditioning Equipment Market, finds the market earned revenues of $12.83 billion in 2009 from the sales of 17.8 million units and estimates this to reach $13.48 billion in 2015 from the sales of 21.5 million units.

Companies design equipment to ensure maximum convertibility of fuel into energy to address the issue of residue deposits after burning fuel. Their efforts to integrate renewable energy technologies into solar heating equipment will make them environmentally friendly through the reduction of greenhouse gases.

Federal incentives and tax rebates for energy-efficient equipment have also greatly helped improve replacement sales, which account for the major share of market revenues.

"Between 2006 and 2007, the Energy Policy Act of 2005 made available tax credits for energy-efficient equipment such as water heaters, furnaces, boilers, heat pumps, air conditioners, building insulation, roofing, and circulating fans in the residential segment," says Frost & Sullivan Research Associate Soundarya.G. "The 2009 U.S. stimulus package further expands the tax credit, fueling sales of HVAC equipment."

The 2010 regulation for refrigerant change expects to shift the air conditioning market R-22 to the ozone-friendly R410A refrigerants, reducing the footprint of HVAC equipment. This may affect equipment prices for the next couple of years.

While customers evaluate systems based on longevity, product quality, and price points, participants can offer value-added services through service contracts, extended guarantee, warranty, and security agreements to differentiate themselves.

U.S. Residential Heating and Air conditioning Equipment Market is part of the Building Management Technologies Growth Partnership Services program, which also includes research in the following markets: Trends in the Energy Efficient Lighting Fixtures and Ballasts Industry in North America and European Heat Pumps Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that are evaluated after extensive interviews with market participants.

Source: http://www.frost.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.