The US HVAC equipment market has an increase in opportunities, in the residential and commercial construction industry!
According to a new market report published by Lucintel, the future of the US HVAC (heating, ventilation and air conditioning) equipment market looks good with opportunities in the residential and commercial construction industry. The US HVAC equipment market is expected to reach an estimated $17.5 billion by 2022 and it is forecast to grow at a CAGR of 3.4% from 2017 to 2022.
The future of the US HVAC (heating, ventilation, and air conditioning) equipment market looks good with opportunities in the residential and commercial construction industry. The US HVAC equipment market is expected to reach an estimated $17.5 billion by 2022 and it is forecast to grow at a CAGR of 3.4% from 2017 to 2022. The major drivers of growth are higher rates of building renovation and federal tax credits offered in the US to make existing facilities energy efficient and to control greenhouse gas emissions.
Emerging trends, which have a direct impact on the dynamics of the US HVAC equipment industry, include the increasing usage of green HVAC, increasing usage of air purification technology, and increasing usage of smart thermostat.
The study includes US hvac equipment market size and forecast for the US hvac equipment market through 2022 segmented by product type, and end use as follows:
US hvac equipment market by Product Type [Volume (M units) and Value ($ million) from 2011 to 2022]:
- Furnace
- Heat Pump
- Central AC
- Room AC
- Others
This article was originally posted on Finance.yahoo.com.
