A Glimpse At The U.S. Air Conditioning Market 2013
U.S. HVAC Industry
The HVAC industry is comprised of establishments that install and service HVAC (heating, ventilation, and air conditioning) and refrigeration equipment. The services provided by these establishments include additions, alterations, maintenance and repair of HVAC systems , according to the IBISWorld report January 2013.
Though industry revenues from new installations were reduced largely during economic setbacks that begin in the year 2008, steady demand for the maintenance and repair services helped the industry survive.
In 2013, the U.S HVAC equipment market seemed to have reached the saturation level with stable equipment prices, established industry drivers and higher customer satisfaction, as reported in a recent post of www.reportsnreports.com. With the positive signs coming from the real estate market, it indicates rise in sales of HVAC units.
Energy Saving Drive Will Positively Affect the U.S. HVAC Equipment Market
In September 2012, U.S Energy department declared awards worth $76 million to support higher energy-efficient HVAC systems, and to sponsor the training programs for commercial building, equipment technicians, building operators and energy auditors.
There are 58 projects that will work to ensure the commercial as well as residential buildings across the nation are using energy-efficient HVAC equipment. The government is also keen in running programs that help the technicians learn the best practices in servicing and repairing of HVAC equipment. This approach will not just reduce gas emissions, but also help consumers save on energy bills.
Products belonging to the U.S heating and cooing equipment market are enforced to meet standard technology requirements and specifications. Products who meet this strict regulation and legislation requirements are awarded the 'Energy Star' accreditation by the government. This accreditation will also help consumers choose the right product, as there are many in the market.
According to the experts, the U.S. Government's initiative to reduce energy consumption in the country will play a crucial role in increasing new installations of HVAC systems, and more energy-efficient systems across the country.
Now Let's Get Down To Some Statistics
The U.S HVAC equipment market was estimated to be $9.22 billion in revenues in 2010, where the revenues represent sales of 4.5 million. The market reached 9.7 billion in the last quarter of 2011. In year 2012, the market revenue hiked by 6.4%. With these positive trends in the industry, the experts have anticipated an annual growth of 6.1% in revenues in the next five years to reach $77 billion in 2018. The first quarter of 2013 alone has reported 4.5% of growth in revenues, based on IBSWord Industry Report January 2013.
Looking For A Professional AC Repair Company In Your Area?
As scorching summer days are just around the corner, many residents and commercial people are looking for a good HVAC company to install, service, or repair an air conditioning unit. If you are one of them, resort to the internet to make your search easier and faster. If you looking for a Cape Coral air conditioning repair company, there are many southwest Florida air conditioning contractors who have a well-trained and qualified team of professional to provide their customers with top-quality AC repair and maintenance services.
The HVAC industry is comprised of establishments that install and service HVAC (heating, ventilation, and air conditioning) and refrigeration equipment. The services provided by these establishments include additions, alterations, maintenance and repair of HVAC systems , according to the IBISWorld report January 2013.
Though industry revenues from new installations were reduced largely during economic setbacks that begin in the year 2008, steady demand for the maintenance and repair services helped the industry survive.
In 2013, the U.S HVAC equipment market seemed to have reached the saturation level with stable equipment prices, established industry drivers and higher customer satisfaction, as reported in a recent post of www.reportsnreports.com. With the positive signs coming from the real estate market, it indicates rise in sales of HVAC units.
Energy Saving Drive Will Positively Affect the U.S. HVAC Equipment Market
In September 2012, U.S Energy department declared awards worth $76 million to support higher energy-efficient HVAC systems, and to sponsor the training programs for commercial building, equipment technicians, building operators and energy auditors.
There are 58 projects that will work to ensure the commercial as well as residential buildings across the nation are using energy-efficient HVAC equipment. The government is also keen in running programs that help the technicians learn the best practices in servicing and repairing of HVAC equipment. This approach will not just reduce gas emissions, but also help consumers save on energy bills.
Products belonging to the U.S heating and cooing equipment market are enforced to meet standard technology requirements and specifications. Products who meet this strict regulation and legislation requirements are awarded the 'Energy Star' accreditation by the government. This accreditation will also help consumers choose the right product, as there are many in the market.
According to the experts, the U.S. Government's initiative to reduce energy consumption in the country will play a crucial role in increasing new installations of HVAC systems, and more energy-efficient systems across the country.
Now Let's Get Down To Some Statistics
The U.S HVAC equipment market was estimated to be $9.22 billion in revenues in 2010, where the revenues represent sales of 4.5 million. The market reached 9.7 billion in the last quarter of 2011. In year 2012, the market revenue hiked by 6.4%. With these positive trends in the industry, the experts have anticipated an annual growth of 6.1% in revenues in the next five years to reach $77 billion in 2018. The first quarter of 2013 alone has reported 4.5% of growth in revenues, based on IBSWord Industry Report January 2013.
Looking For A Professional AC Repair Company In Your Area?
As scorching summer days are just around the corner, many residents and commercial people are looking for a good HVAC company to install, service, or repair an air conditioning unit. If you are one of them, resort to the internet to make your search easier and faster. If you looking for a Cape Coral air conditioning repair company, there are many southwest Florida air conditioning contractors who have a well-trained and qualified team of professional to provide their customers with top-quality AC repair and maintenance services.