Consolidation and increased levels of competition are challenging the U.S. residential HVAC market, according to research conducted by Frost & Sullivan, a marketing consulting and training company that monitors the HVAC industry. However, the mature market is experiencing slow but steady growth rates. The U.S. residential HVAC market is expected to reach $13.29 billion in revenues by 2005; the market generated $9.88 billion in 1998.
"High competition levels are impacting the market due to its maturity, with a few companies dominating a significant share of the market," the report states. The residential HVAC market leaders are identified as Carrier Corp., Fedders, Goodman Manufacturing Co., Rheem Manufacturing Co. and State Industries.