Market Overview: The HVAC market is the largest energy efficient product sector in the U.S. in terms of dollar volume and boasts a significant amount of domestic manufacturing. Products made here feed the domestic market and are exported to some 230 markets around the world.
HVACR, which includes refrigeration, makes up the largest sub-sector of U.S. exported building products. In 2013, the International Trade Administration recorded over $20 billion in exports in this sub-sector alone with the market growing 5.2% between 2010 and 2013.
Products in the HVAC category are mixed when it comes to domestic content. Heavier, more logistically challenged HVAC products such as central air conditioning, furnaces, and boilers are manufactured in the U.S. by longstanding domestically owned Original Equipment Manufacturers (OEM). Lighter, less logistically challenged, HVAC products including room air conditioners, portable A/C units, ceiling fans, and de/humidifiers are primarily manufactured in Asia or Mexico, imported and then sold by U.S. based foreign or domestically owned OEM’s. However, some older U.S. made brands have been bought out by foreign companies from Asia and Europe but still manufacture products for the U.S. market domestically.
While the market is dominated by these larger OEM’s, there are still smaller, independently owned and operated U.S. manufacturers making products such as boilers and geothermal systems to meet regional market needs. Additionally, products associated with HVAC installation like ductwork and insulation are also manufactured domestically.