Industry Report: US HVAC Market Expected to Grow
According to a recently released report from Lucintel, the US heating, ventilation, and air conditioning market is expected to grow at a compound annual growth rate (CAGR) of 3.3 percent over the next five years. A news release issued by award-winning market research firm ReportLinker identified the major contributors to this upswing as ‘increasing building construction and replacement activities’; ‘availability of easy financing’; ‘technological developments’; and a ‘rise in consumer spending on luxury goods and services’.
Read the full press release:
Energy cost, resource, and greenhouse gas emission restrictions are driving the demand for energy efficient HVAC systems for commercial, institutional as well as residential buildings. Lucintel, a leading global management consulting and market research firm, has analyzed the US HVAC equipment market by various segments and regions, and has come up with a comprehensive research report: The US HVAC Equipment Market 2015–2020: Trends, Forecast, and Opportunity Analysis.
This report provides an analysis of HVAC equipment market, including analysis of market trends, competitive landscapes, company profiles, emerging trends, and key drivers of industry growth. The study also includes US HVAC equipment market forecasts through 2020, segmented by products and applications as follows:
The US HVAC equipment market segmented by products:
- Heat Pump
- Central AC
- Room AC
The US HVAC equipment market by applications:
On the basis of its comprehensive research, Lucintel forecasts that the US HVAC equipment market is expected to depict a high growth during 2015–2020. Heat pump market will remain the largest segment in terms of value during the forecast period. Increasing building construction activities is the major driving force of the industry.
Download the full report.
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