With space heating and cooling accounting for close to 40 percent of all the energy consumed in the building sector in the United States, there is a pressing need for energy-efficient heating, ventilation and air conditioning (HVAC) equipment. Due to the economic downturn, building owners and facility managers deferred equipment replacements, but with the markets bouncing back, they are gradually unfreezing their budgets. Additionally, replacement HVAC purchases will get a leg up from the aging of commercial, institutional and industrial buildings.
New analysis from Frost & Sullivan's (http://www.buildingtechnologies.frost.com) Analysis of the North American HVAC Equipment Market research finds the market earned revenue of $13.05 billion in 2012 and estimates this to reach $14.78 billion in 2017.
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