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Increasing Demand for Energy Efficient Equipment Drives Growth
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Contents
Section
Slide Numbers
Executive Summary
Market Overview
11
Total Market
22
34
55
65
75
85
95
Appendix
98
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Executive Summary
The North American heating, ventilation, and air conditioning (HVAC) equipment market in
2012 increased by1.8 percent over the previous year.
Although the market declined in 2009 and 2010, it is expected to experience steady growth
through 2017the end of the forecast period.
The market is forecast to have a compound annual growth rate (CAGR) of 2.5 percent from
2012 to 2017.
The key drivers are the need to increase energy efficiency and achieve energy savings and
replace equipment.
On the other hand, the key restraints are intense competition, high initial cost, andin the
short termthe state of the economy.
The unitary segment is expected to increase its share of the market revenue as the trend
toward smaller and more economical units continues.
All segments of the market are expected to see an upward growth trend during the forecast
period.
Research and development efforts are likely to continue to focus on making the equipment
more energy efficient and lowering the noise levels.
Source: Frost & Sullivan
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Policy and
energy
mandates
Restraints
Restraints
Economic
environment
Increasing indoor
air quality (IAQ)
Concerns
Restraints
Restraints
Retrofits
/replacements
Drivers
Drivers
Energy
efficiency and
cost savings
Drivers
Drivers
Total HVAC Equipment Market: Key Market Drivers and Restraints, North America, 2013-2017
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