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DOWNLOAD SAMPLE“Harnessing Opportunities in the US HVAC Market: Discover the Winning Strategies in Our Exclusive Report”
The US HVAC market was valued at $27.85 billion in 2022 and will reach $33.81 billion by 2028, growing at a CAGR of 3.3% during 2022-2028.
This report provides complete information regarding consumer purchasing behavior and the adoption of the HVAC in the US. Over the years, HVAC systems have been increasingly adopted across several end-user applications. Increasing applications among sectors with a high expectancy of standards and manufacturing in the HVAC market must meet regulatory standards and provide robust solutions. The residential sector dominates the HVAC market. The demand is characterized by different climatic conditions, necessitating several types of HVAC equipment. Most vendors in the US HVAC market dedicate their maximum operations to catering to the commercial sector.
Key Highlights:
- Rising demand for energy-efficient HVAC systems in the US is anticipated to surge the demand for services during the forecast period. This is because all new residential air-source heat pump systems and central air-conditioning sold in the region will be required to meet new energy efficiency standards.
- The US market is witnessing significant growth due to changing and diverse climatic conditions. In 2022, the US recorded around 122,638 heating and air conditioning contractors.
- In 2022, the Southern region held the largest market share in the US HVAC market. It has the highest number of households with rising annual household incomes. New construction in the South is anticipated to stimulate the adoption of HVAC systems.
- The US focuses on accelerating sustainability goals by rejoining the Paris Agreement and strengthening 2030 greenhouse gas emission objectives, decarbonization, electrification, and low-global warming potential (GWP) refrigerant evolutions.
- With the increase in awareness of global warming, harmful gas emissions, and other factors, the US government offers several tax credit programs that reward consumers adopting products promoting high energy savings. For this purpose, the Energy Star Program came forth, and the ENERGY STAR is awarded to products for offices and homes that are highly energy efficient.
- Factors such as wellness, ventilation, indoor air quality, thermal health, and humidity are a few key pillars of healthy commercial buildings. The launch of the US Environmental Protection Agency’s (EPA) Clean Air in Buildings Challenge, along with the factors mentioned earlier, makes HVAC performance and a healthy indoor environment more significant than before.
- Advanced controls play an essential role in supporting HVAC system efficiency. Incorporating artificial intelligence (AI) with advanced commercial building management systems offers operators a complete set of apps to monitor and expand energy competence, asset performance, maintenance operations, and occupant satisfaction and well-being.
- Commercial building managers use electric-based heating, cooling systems, and advanced controls that improve performance and competence. According to Johnson Controls, one of the prominent vendors in the energy efficiency indicator survey 2022, 62% of commercial organizations are anticipated to raise investments in energy effectiveness, renewable energy, or smart building technology in 2023.
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Summary
SEGMENTATION & FORECAST
- Equipment
- Heating
- Heat Pumps
- Boiler Units
- Furnaces
- Others
- Air Conditioning
- RACs
- CACs
- Chillers
- Heat Exchangers
- Others
- Ventilation
- Air Handling Units
- Air Filters
- Humidifiers & Dehumidifiers
- Fan Coil Units
- Others
- End-User
- Residential
- Commercial
- Office Space
- Airport & Public Utilities
- Hospitality
- Hospitals
- Industrial & Others
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of US HVAC
- Key Vendors
- Other Prominent Vendors
LIST OF VENDORS
Key Vendors
- Daikin
- Carrier
- Lennox International
- Ingersoll Rand
- Johnson Controls
- Rheem Manufacturing
Other Prominent Vendors
- Honeywell
- Danfoss
- Mitsubishi Electric
- Zehnder
- S&P
- Hitachi
- Alfa Laval
- Nortek
- TCL Electronics
- Camfil
- Dunham Bush
- Backer Springfield
- Fujitsu
- Onda
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Table Of Contents
- Executive Summary
- Introduction
- Key Findings
- US: Projected Revenue of Hvac (2022-2028; $Billions)
- US: Projected Revenue by Equipment (2022-2028); (Revenue $Bn)
- Heating
- Product Snapshot
- Heat Pumps
- Boiler Units
- Furnaces
- Others
- Air Conditioning
- Product Snapshot
- Racs
- Cacs
- Chillers
- Heat Exchangers
- Others
- Ventilation
- Product Snapshot
- Air Handling Units
- Air Filters
- Humidifiers & Dehumidifiers
- Fan Coil Units
- Others
- US: Projected Revenue by End-User (2022-2028; (Revenue $Bn)
- Residential
- Commercial
- End-User Snapshot
- Office Space
- Airport & Public Utilities
- Hospitality
- Hospitals
- Industrial & Others
- US HVAC Market Trends
- US HVAC Market Drivers
- US HVAC Market Constraints
- US HVAC Market - Competitive Landscape
- US HVAC Market - Key Players
- US HVAC Market - Other Prominent Vendors
- Research Methodology
- Abbreviations
Exhibit 1: US HVAC Market- Historic Scenario ($ Billion)
Exhibit 2: Projected Revenue of US HVAC Market ($ Billion)
Exhibit 3: Projected Revenue of US HVAC Market by Equipment: Heating ($ Billion)
Exhibit 4: Projected Revenue of US HVAC Market by Heating Equipment Types 2022-2028 ($ Billion)
Exhibit 5: Projected Revenue of US HVAC Market by Heating Equipment: Heat Pump ($ Billion)
Exhibit 6: Projected Revenue of US HVAC Market by Heating Equipment: Boiler Unit ($ Billion)
Exhibit 7: Projected Revenue of US HVAC Market by Heating Equipment: Furnace ($ Billion)
Exhibit 8: Projected Revenue of US HVAC Market by Heating Equipment: Others ($ Billion)
Exhibit 9: Projected Revenue of US HVAC Market by Equipment: Air Conditioning ($ Billion)
Exhibit 10: Projected Revenue of US HVAC Market by Air Conditioning Equipment Types 2022-2028 ($ Billion)
Exhibit 11: Projected Revenue of US HVAC Market by Air Conditioning Equipment: Rac ($ Billion)
Exhibit 12: Projected Revenue of US HVAC Market by Air Conditioning Equipment: Cac ($ Billion)
Exhibit 13: Projected Revenue of US HVAC Market by Air Conditioning Equipment: Chillers ($ Billion)
Exhibit 14: Projected Revenue of US HVAC Market by Air Conditioning Equipment: Heat Exchangers ($ Billion)
Exhibit 15: Projected Revenue of US HVAC Market by Air Conditioning Equipment: Others ($ Billion)
Exhibit 16: Projected Revenue of US HVAC Market by Equipment: Ventilation ($ Billion)
Exhibit 17: Projected Revenue of US HVAC Market by Ventilation Equipment Types 2022-2028 ($ Billion)
Exhibit 18: Projected Revenue of US HVAC Market by Ventilation Equipment: Air Handling Units ($ Billion)
Exhibit 19: Projected Revenue of US HVAC Market by Ventilation Equipment: Air Filters ($ Billion)
Exhibit 20: Projected Revenue of US HVAC Market by Ventilation Equipment: Humidifier & Dehumidifiers ($ Billion)
Exhibit 21: Projected Revenue of US HVAC Market by Ventilation Equipment: Fan Coil Unit ($ Billion)
Exhibit 22: Projected Revenue of US HVAC Market by Ventilation Equipment: Others ($ Billion)
Exhibit 23: Projected Revenue of US HVAC Market by End-User: Residential ($ Billion)
Exhibit 24: Projected Revenue of US HVAC Market by End-User: Commercial ($ Billion)
Exhibit 25: Projected Revenue of US HVAC Market by Commercial End-User Types 2022-2028 ($ Billion)
Exhibit 26: Projected Revenue of US HVAC Market by Commercial End-User: Office Space ($ Billion)
Exhibit 27: Projected Revenue of US HVAC Market by Commercial End-User: Airport & Public Utility ($ Billion)
Exhibit 28: Projected Revenue of US HVAC Market by Commercial End-User: Hospitality ($ Billion)
Exhibit 29: Projected Revenue of US HVAC Market by Commercial End-User: Hospitals ($ Billion)
Exhibit 30: Projected Revenue of US HVAC Market by Commercial End-User: Industrial & Others ($ Billion)
Exhibit 31: Projected Revenue of US HVAC Market by Regions 2022-2028 ($ Billion)
Exhibit 32: Projected Revenue of Southern US HVAC Market ($ Billion)
Exhibit 33: Projected Revenue of Western US HVAC Market ($ Billion)
Exhibit 34: Projected Revenue of Midwestern US HVAC Market ($ Billion)
Exhibit 35: Projected Revenue of Northeastern US HVAC Market ($ Billion)
Table 1: Quantitative Summary Revenue US HVAC Market
Table 2: Quantitative Summary Projected Revenue by Equipment
Table 3: Quantitative Summary Projected Revenue by Heating Equipment
Table 4: Quantitative Summary Projected Revenue by Air Conditioning Equipment
Table 5: Quantitative Summary Projected Revenue by Ventilation Equipment
Table 6: Quantitative Summary Projected Revenue by End-User
Table 7: Quantitative Summary Projected Revenue by Commercial End-User
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