30 September 2014
This report provides a snapshot of the U.S. heat pump and air conditioning market in the context of a struggling economy and housing market, following a period of robust growth during the last decade. Heat pumps show continuing growth as an efficient Electric heating alternative to fossil fuel heating systems, particularly in the warmer areas of North America where there is the highest population growth. Instabilities and higher prices for fossil fuels add impetus to the interest in heat pump systems. Statistical data is presented to illustrate the growing number of heat pump systems in the U.S. and Canada, A positive prognosis is offered for further penetration of heat pump systems for both residential and commercial building heating and cooling markets in North America, providing motivation for continued efforts to improve products and applications.