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`Abstract - Market Report on HVAC Industry in US - 2014
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`HVAC GLOBAL 8. US TREND
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`the wortd. HVAC or HVACR (Heating. Ventilation. Air-Conditioning, and
`Throughout
`Refrigeration} is a booming industry as it is projected to grow by approximately 6% annually
`to 113 billion UBD by 2015.
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`After the economic downturn of the global economy, the industry started to regain momentum
`with the introduction of new construction projects wortdwide both in remodeling and with the
`creation of new projects. These construction projects span commercial, residential. and
`infrastructure projects that all require the addition of HVAC systems or the renovation of
`existing systems. This industry employs more than half a million workers worldwide yia
`03,503 businesses.
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`Freedonia reports that in 2013, the United States was the second largest domestic market
`for the HVAC industry with 16% of global demand. The US market has experienced
`consistent growth since 2000, and the market is projected to grow at 2.4% annually to reach
`42 billion USD by 2017.
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`= l'iHI F1313“:
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`Abstract - Market Report on
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`HVAC Industry in US - 2014
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`GruppoBPC
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`International (9
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`1M
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`Nidec Motor Corporation
`IPR2014-01121
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`Exhibit 2019 - 1
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`Nidec Motor Corporation
`IPR2014-01121
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`Exhibit 2019 - 1
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