SOURCE: SBI

SBI

November 05, 2009 10:07 ET

Green Roofing and HVAC Products to Post Double-Digit Gains by 2011 as Homeowners Capitalize on Government Incentive to Remodel Efficiently

NEW YORK, NY--(Marketwire - November 5, 2009) - The market for energy-efficient heating and cooling (HVAC) products and exterior roofing products will experience double-digit growth by 2011 as American homeowners regain confidence in the economy and capitalize on the expanded government tax credits for green home remodeling, according to "Energy-Efficient Home Renovations Market, Part 3: HVAC & Roofing" by leading industrial market research publisher SBI Energy.

First announced earlier in 2009, the tax credits are part of the Obama administration's ongoing support of energy efficiency as a means to decrease U.S. dependency on foreign fuels and reduce greenhouse gases. In the one year alone, the administration has provided more money to advance energy efficiency programs across the board than in the last decade combined. Going into 2010, portions of this vast sum of energy efficiency money will also be matched by each state, further growing the pool of available funds for the initiative.

Ultimately, the government provisions are expected to generate an estimated $6 billion in green remodeling work by the end of next year, according to The Congressional Budget Office (CBO).

"Beyond 2010, we project that all residential energy-efficient roofing and HVAC product segments will follow the anticipated rise in the construction and remodeling cycle that will occur as a result of the government stimulus," says Shelley Carr, publisher of SBI Energy.

Overall, SBI Energy forecasts the HVAC product segment will post a compound annual growth rate (CAGR) of 16% from 2009 to 2013, reaching a market value exceeding $5 billion by the end of the forecast period. Meanwhile, residential roofing will explode from 2011 to 2013, posting sales increases of 20% to 30% in each of those years, finishing with almost $3 billion in sales by 2013.

"Energy-Efficient Home Renovations Market, Part 3: HVAC & Roofing" is the final installment in a three part series. This edition highlights two specific home improvement product segments: energy heating and cooling (HVAC) products and exterior roofing products. Along with analyzing the economic factors affecting the energy-efficient home remodeling market, the report explores the trends that are driving renovations and examines the market potential of energy-efficient home renovations in the U.S. through to 2013.

The previous reports in the Energy-Efficient Home Renovations series are also available. Published in July, Part 1 explores the market for energy-efficient doors and windows, caulking and weather stripping, and insulation used in home renovation projects. Part 2, published in August, examines the energy-efficient appliance and lighting markets for home remodeling. For further information, visit: http://www.sbireports.com/redirect.asp?progid=76259&productid=2287649

About SBI Energy

SBI Energy (Specialists in Business Information), a division of MarketResearch.com, publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI Energy also offers a full range of custom research services. To learn more, visit www.sbireports.com. Follow us on LinkedIn and Twitter.

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