HVAC Market Positioned for another Year of Above-Average Growth

The global HVAC equipment market is positioned for another year of above-average growth, with the fundamentals in place for the United States that are the best in over 10 years, according to a report from Chisult Insight Co. Ltd. On this front, the research report stated that the stars are aligning for the residential HVAC market based on higher employment, lower gas prices, and higher consumer confidence, with better price/mix and lower raw materials costs, while the commercial market is seeing a steady nonresidential recovery.