HVAC in the U.S., 2nd Edition — Green and Global-Aarkstore Enterprise Market Research Aggregator

April 24, 2010 - PRLog -- The U.S. HVAC market grew 41% in heating systems and 45% in air conditioners from 1997 through 2006. This period of growth hit a wall, however, with the housing and credit market collapse of 2007 and the historic rise in unemployment. From 2006 to 2007 heating system installations dropped 24% and air conditioners saw a similar decline of 23%. As the housing market starts to pick up again, the credit crisis subsides and unemployment figures begin to drop, economic conditions will once again lead to increased growth in the industry. The green HVAC market should benefit in particular from federal and state support of more energy efficient homes and buildings.

According to the U.S. Department of Energy, “the average home spends about $1,900 annually on energy bills. Heating and cooling accounts for as much as half of a home’s energy use.” The DOE estimates that home owners can reduce their energy bills by up to 20% merely by replacing furnaces, boilers, central air conditioners and heat pumps with more efficient models. Electric Air-Source Heat Pumps (ASHPs) and Geothermal Heat Pumps (GHPs) offer some of the most efficient heating and cooling methods available today.


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