Shaping a Different Heating, Ventilation, and Air Conditioning Market

In Euractiv, Navigant Research discusses which forces are driving change in the HVAC market

Advances in regulation, technology, and a push for carbon fuel efficiency will significantly change the residential heating, ventilation, and air conditioning (HVAC) market over the coming years.

In an article for Euractiv, Neil Strother, principal research analyst at Navigant Research, described how energy efficient technologies and regulation changes are key drivers for the evolving HVAC market.

Technological advances are enabling heat pump system manufacturers to continuously improve their systems’ efficiency, providing alternatives to furnaces that use fossil fuels like natural gas or oil.

Simultaneously, regulators who set building codes, are having direct and indirect impacts on the HVAC market by setting both efficiency standards and the type of equipment allowed in residential structures.

Strother notes regulators are not the only ones aiming for less carbon in HVAC systems. "Many consumers see global warming as a threat, and steps they can take to reduce their use of carbon — in this case for heating and cooling their homes — would be worth serious consideration.”

Globally, Navigant Research expects revenue associated with residential HVAC equipment to grow from $136.4 billion in 2019 to $199.3 billion in 2028. While much of the volume will likely be from traditional HVAC systems, a growing portion is expected to come from innovative systems like heat pumps. 

 
Read the full article at Euractiv

About the Experts

Back to top