Boilers, furnaces and stoves and Heat pumps, air conditioning and refrigeration

Their prices have moved together.

Boilers, furnaces and stoves (energy) and Heat pumps, air conditioning and refrigeration (energy): 1 relationship.

How they are linked

1. Price link: competing heating

Cost and price · Strong · Both ways

Heat pumps compete with gas and oil boilers and furnaces for heating. The two equipment indices correlate at 0.40 monthly and 0.91 yearly, but this is a common driver: both follow US manufacturing costs and building demand, not a substitution effect.

• 0.40 monthly change correlation
• 0.91 12-month change correlation
• 1.00 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.