Do you know what to expect from the US HVAC equipment next year? If you have plans of replacing your current HVAC system, you might want to understand the demands and forecasts for 2019.
When you know what to expect from this industry, it will help you make the best choices for your HVAC system replacement. You will know where to get deals that will help you get the best value for your money. Not only that, you can take advantage of new trends and developments that will ensure that your system will last for a very long time.
Thanks to global warming and climate change, we have seen the need to regulate the temperature in our home. It is not enough to just open or close the windows. We need high-quality HVAC equipment to keep us comfortable while we are at home.
What does 2019 have in store for HVAC equipment?
According to a report, there will be a high demand for new HVAC systems in 2019. In fact, the increase is expected to reach 6.8%. There are a couple of reasons why this is the case.
To start with, the expected increase in demand is caused by the gains from the spending of the building construction industry. This is for both improvement and repair expenses. It seems that now is the perfect time for them to look into getting updates on their HVAC systems.
This is probably propelled by the call for a more efficient HVAC system by the government and environmentalists. With the way our environment is in need of special attention, there is a specific need for more energy efficient equipment. That includes your HVAC system.
The technological developments will also come into play when it comes to getting new HVAC equipment. While they may cost more than the others, it will satisfy the need for energy efficiency and will most likely last for a longer time with minimal maintenance. You just have to understand what your options are.
Apparently, heat pumps and warm-air furnaces are expected to have the highest increase in sales. There seems to be a preference for unitary air conditioners when it comes to the demand for 2019.
It is believed that the new installations will mostly be with residential units – since it is expected that new housing units will be caused by that. This means growth will outpace that of nonresidential HVAC system units. However, when it comes to the profit shares, nonresidential units will win because of the larges size of HVAC systems that will need to be installed.
What does this mean for homeowners and their HVAC equipment?
As for existing homeowners, the same report also suggests that they may not have the same demand for new HVAC systems because a lot of them took advantage of the federal tax incentives offered back in 2014 and earlier. Apparently, those who replaced their HVAC equipment with highly efficient units will not need an improvement or replacement any time soon.
However, there are also regulations that might convince some homeowners to make upgrades. These regulations include changes in refrigerant use and efficiency of HVAC systems. Like the R-22 will be phased out by 2020. If you have that, you need to plan a replacement soon. Not only that, satisfying the regulations for refrigerant use might not be possible by simply upgrading your current equipment. You might have to get a brand new unit to satisfy this specific regulation.
So what can you do right now? Well, you need to check your current HVAC equipment first. Check if it needs replacement soon. If you have an old unit, you might want to have it changed – making sure that the replacement will be something that you are allowed to use for a very long time. Replacing your HVAC system is not a cheap expense. You have to be ready for it. Make sure you get the best value for your money in the process.