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London, United Kingdom, 2010/02/18 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report.
According to the report “HVAC in the U.S., 2nd Edition Green and Global” the U.S. Heating, Ventilation and Air Conditioning (HVAC) market grew 41% in heating systems and 45% in air conditioners from 1997 to 2006. This period of growth hit a wall, however, with the housing and credit market collapse of 2007.
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.
Further support for more efficient HVAC equipment comes from the DOE's Builder Challenge, which supports the construction of cost-effective, net-zero homes throughout the United States. The Building Technology Program's Builder's Challenge was developed by the Department of Energy with the goal of offering affordable net-zero energy homes by 2020 and net-zero energy commercial buildings by 2025. The Department of Energy claims that homes that have already been built with the BTP's Building America best practices can use 40 percent less energy than comparable new homes. The ultimate goal of the program is to offer homebuyers the choice of buying a cost-neutral, net-zero energy home (NZEH) anywhere in the United States by 2030.
The report “HVAC in the U.S., 2nd Edition Green and Global” is available from Report Buyer
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