Demand for HVAC equipment in the US will rise 6.8 percent annually through 2019 to $20.4 billion. Warm air furnaces and heat pumps will grow the fastest, while unitary air conditioners will remain the top segment. The residential market will outpace the dominant nonresidential segment. Geothermal will be the fastest growing HVAC fuel source.This study analyzes the $14.7 billion US HVAC equipment industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by fuel type (e.g., electricity, natural gas, geothermal energy, heating oil), product (e.g., unitary air conditioners, heat pumps, warm air furnaces, room air conditioners) and market (e.g., residential, nonresidential).The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 32 industry players, including Daikin Industries, United Technologies, and Ingersoll-Rand.