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World HVAC Equipment Demand to Reach $56 Billion in 2008

World demand for HVAC equipment is projected to rise 4.7% per year through 2008 to more than $56 billion, with developing nations expected to register the strongest market gains. Demand in the Asia/Pacific region, inparticular China, will continue to benefit from above-average urban population growth and healthy gains in construction activity. Latin America will also provide strong opportunities for HVAC equipment suppliers, as the region recovers from socioeconomic unrest.

These and other trends are presented in World HVAC Equipment, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

HVAC equipment demand will rise in North America, Western Europe and Japan, although market gains will be less robust than in developing areas. Advances will be fueled by generally favorable economic conditions and higher income levels, leading to a step-up in building construction activity.

The US HVAC equipment market will lag global gains, due to the relatively high rate of penetration for air conditioners.

Cooling equipment growth is expected to outpace heating equipment gains through 2008, reflecting the lower penetration rates of air conditioning equipment.

Formore information, contact Corinne Gangloff at the Freedonia Group, 440/684.9600, or visit

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