Residential HVAC Market
Air Conditioning Services: Residential HVAC Market
HVAC is a popular heating and cooling option that seems to be growing. If you are in this industry, you may have many questions about this market, especially with regards to the residential market. There are clear trends that people in the industry are following, which may be very interesting to those who are affected by this industry. The good news is that not only is there a trend that shows it has gone up in recent years; it is also predicted to continue to rise. What do all of these numbers mean for you? Here we will discuss everything that you need to know about the residential HVAC market.
For instance, the shipments of the central air conditioners and air-source heat pumps in the United States totaled over 425,000 units in October 2016. This is an increase of 7.3 percent from the 396,922 units that were shipped in October 2015. These numbers come from AHRI, the Air-Conditioning, Heating and Refrigeration Institute. In fact, this market in the United States is estimated to increase at a rate of 6.8 percent every year through the year 2019. That means that there will be an industry gain of $20.4 billion. These gains will be double the recording gains in the 2009-2014 period of time.
You are likely wondering why there is such an explosion in this market right now. One reason for this is because of the huge emphasis on energy efficiency these days. Some people have a general concern about their carbon footprint and what to help the environment. Other people are looking for ways to save money on their energy costs, something that is especially important when these costs always seem to be rising. These are also being used in new constructions of homes to help make them more appealing to buyers. Plus, there has recently been an economic rebound allowing people to be better able to afford these HVAC installations. Residential HVAC systems are going to end up surpassing the nonresidential market in upcoming years, outpacing the commercial market as a result of the higher costs associated with the bigger systems. Between new housing and better financial situations, this is a market that is just going to soar. It may still be more common for replacement parts than new installations, though this may change in the future as these systems get better.
The residential market for HVAC is booming, which is good news for businesses. This is something that they can take into account as they plan out their marketing strategies to potential customers. There is a lot of money to be had in the residential market, which seems to be the upward trend in the market. This is for a variety of reasons, as was previously mentioned. This trend is one that will be interesting to watch and see how it changes, but as it stands right now there is a lot of promise in this industry. If the residential market is one that you are interested in getting into, there is no time like the present.
True Cool AC are experts in utilizing the latest technology for your heating and coolin needs. For more information call or visit Air Conditioning Services