Product Code: GVR-3-68038-837-4
U.S. HVAC Systems Market Growth & Trends:
The U.S. HVAC systems market size is expected to reach USD 49.70 billion by 2030, expanding at a CAGR of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Diverse and changing climatic conditions across the U.S. remain the prime factor favoring the HVAC equipment demand. Furthermore, to this the U.S. is a large country in terms of a geographic area as such the weather changes from extreme cold to extreme hot throughout the year across states, cities, or coasts, making HVAC installation in residential spaces a mandate. The need to control building temperature irrespective of the outdoor conditions helps the HVAC business thrive in the country. From the supply-side, stringent norms by regulatory bodies in the country to lower power consumption and carbon emission will play a key role in driving the market growth.
Consumers in recent times are becoming aware of severe threats associated with global warming and hence demand energy-efficient products that keep Greenhouse Gas (GHG) emissions at bay. To further help consumers make informed decisions, the U.S. government offers several tax credit programs that reward consumers who adopt products promoting high energy savings. For this purpose, the Energy Star Program came forth, which essentially aims at giving ratings based on product performance and energy savings. Cut-throat competition in the U.S. market is predominantly because of the strong presence of well-established HVAC vendors in the country.
With strategies to acquire and retain existing customers, several companies in the space are focused on offering cost-effective as well technologically advanced smart products. For instance, innovations in the field of HVAC control systems. Although HVAC is a lucrative market in the U.S., the costs of maintenance and installation have still held the market from reaching its full potential. However, companies are offering discounted repair & maintenance services to attract customers and promote HVAC sales across the country. In addition, government regulations to eliminate the usage of refrigerants, such as R-22 or HCFC-22, in cooling systems are expected to boost the sales of newer systems in the next seven years.
U.S. HVAC Systems Market Report Highlights:
- The growing real estate sector in the U.S. with the expansion of commercial facilities, such as hotels, restaurants, offices, malls, etc., is expected to drive the demand for HVAC systems in the commercial sector
- The western region of the U.S. recorded the fastest growth while also capturing the largest market share in 2023. A large population is a major factor that contributed to the segment growth in the same year
- R&D remains the key focus area for most companies, which will essentially help them offer feature-rich products to the changing consumer demands, particularly in the residential space
Table of Contents
Chapter 1. U.S. HVAC Systems Market: Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. U.S. HVAC Systems Market: Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. U.S. HVAC Systems Market: Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Concentration & Growth Prospect Mappin
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Outlook
- 3.3.2. Manufacturing Outlook
- 3.3.3. End-user Outlook
- 3.4. Regulatory Framework
- 3.5. Technology Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Challenge Analysis
- 3.6.4. Market Opportunity Analysis
- 3.7. Vendor Landscape
- 3.8. Economic Mega Trend Analysis
- 3.9. Industry Analysis Tools
- 3.9.1. Porter's Five Forces Analysis
- 3.9.2. Macro-environmental Analysis
Chapter 4. U.S. HVAC Systems Market: Equipment Estimates & Trend Analysis
- 4.1. Equipment Movement Analysis & Market Share, 2023 & 2030
- 4.2. U.S. HVAC Systems Market Estimates & Forecast, By Equipment, 2018 to 2030 (USD Billion)
- 4.3. Heat Pump
- 4.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Furnace
- 4.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Unitary Heaters
- 4.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6. Boilers
- 4.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7. Air Purifier
- 4.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8. Dehumidifier
- 4.8.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.9. Air Handling Units
- 4.9.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.10. Ventilation Fans
- 4.10.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.11. Air Conditioning
- 4.11.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.12. Chillers
- 4.12.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.13. Cooling Towers
- 4.13.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.14. Others
- 4.14.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. U.S. HVAC Systems Market: End-use Estimates & Trend Analysis
- 5.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 5.2. U.S. HVAC Systems Market Estimates & Forecast, By End-use, 2018 to 2030 (USD Billion)
- 5.3. Residential
- 5.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Commercial
- 5.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Industrial
- 5.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. U.S. HVAC Systems Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. U.S. HVAC Systems Market Estimates & Forecast, By Regional, 2018 to 2030 (USD Billion)
- 6.3. Northeast
- 6.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. Market Revenue Estimates and Forecasts, By Technology, 2018 - 2030 (USD Billion)
- 6.3.3. Market Revenue Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
- 6.4. Southeast
- 6.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.2. Market Revenue Estimates and Forecasts, By Technology, 2018 - 2030 (USD Billion)
- 6.4.3. Market Revenue Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
- 6.5. Midwest
- 6.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5.2. Market Revenue Estimates and Forecasts, By Technology, 2018 - 2030 (USD Billion)
- 6.5.3. Market Revenue Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
- 6.6. Southwest
- 6.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.2. Market Revenue Estimates and Forecasts, By Technology, 2018 - 2030 (USD Billion)
- 6.6.3. Market Revenue Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
- 6.7. West
- 6.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.7.2. Market Revenue Estimates and Forecasts, By Technology, 2018 - 2030 (USD Billion)
- 6.7.3. Market Revenue Estimates and Forecasts, By End-use, 2018 - 2030 (USD Billion)
Chapter 7. U.S. HVAC Systems Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share Analysis, 2023
- 7.4. Company Market Positioning
- 7.5. Company Heat Map Analysis, 2023
- 7.6. Strategy Mapping
- 7.6.1. Expansion
- 7.6.2. Mergers & Acquisition
- 7.6.3. Partnerships & Collaborations
- 7.6.4. New Equipment Launches
- 7.6.5. Research And Development
- 7.7. Company Profiles
- 7.7.1. Carrier Corporation
- 7.7.1.1. Participant's overview
- 7.7.1.2. Financial performance
- 7.7.1.3. Equipment benchmarking
- 7.7.1.4. Recent developments
- 7.7.2. Daikin Industries, Ltd.
- 7.7.2.1. Participant's overview
- 7.7.2.2. Financial performance
- 7.7.2.3. Equipment benchmarking
- 7.7.2.4. Recent developments
- 7.7.3. Emerson Electric Co.
- 7.7.3.1. Participant's overview
- 7.7.3.2. Financial performance
- 7.7.3.3. Equipment benchmarking
- 7.7.3.4. Recent developments
- 7.7.4. Haier Group
- 7.7.4.1. Participant's overview
- 7.7.4.2. Financial performance
- 7.7.4.3. Equipment benchmarking
- 7.7.4.4. Recent developments
- 7.7.5. Johnson Controls International plc
- 7.7.5.1. Participant's overview
- 7.7.5.2. Financial performance
- 7.7.5.3. Equipment benchmarking
- 7.7.5.4. Recent developments
- 7.7.6. L.G. Electronics
- 7.7.6.1. Participant's overview
- 7.7.6.2. Financial performance
- 7.7.6.3. Equipment benchmarking
- 7.7.6.4. Recent developments
- 7.7.7. Lennox International, Inc.
- 7.7.7.1. Participant's overview
- 7.7.7.2. Financial performance
- 7.7.7.3. Equipment benchmarking
- 7.7.7.4. Recent developments
- 7.7.8. Mitsubishi Electric U.S. Inc.
- 7.7.8.1. Participant's overview
- 7.7.8.2. Financial performance
- 7.7.8.3. Equipment benchmarking
- 7.7.8.4. Recent developments
- 7.7.9. Rheem Manufacturing Company
- 7.7.9.1. Participant's overview
- 7.7.9.2. Financial performance
- 7.7.9.3. Equipment benchmarking
- 7.7.9.4. Recent developments
- 7.7.10. Trane Technologies
- 7.7.10.1. Participant's overview
- 7.7.10.2. Financial performance
- 7.7.10.3. Equipment benchmarking
- 7.7.10.4. Recent developments