U.S. Hvac Systems Market Size & Outlook, 2024-2033

The hvac systems market in the United States is expected to reach a projected revenue of US$ 4,648.1 million by 2033. A compound annual growth rate of 5.6% is expected of the United States hvac systems market from 2025 to 2033.
Revenue, 2024 (US$M)
$2,857.8
Forecast, 2033 (US$M)
$4,648.1
CAGR, 2025 - 2033
5.6%
Report Coverage
U.S.

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U.S. hvac systems market, 2021-2033 (US$M)

U.S. hvac systems market, 2021-2033 (US$M)

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U.S. hvac systems market highlights

  • The U.S. hvac systems market generated a revenue of USD 2,857.8 million in 2024 and is expected to reach USD 4,648.1 million by 2033.
  • The U.S. market is expected to grow at a CAGR of 5.6% from 2025 to 2033.
  • In terms of segment, ventilation was the largest revenue generating product in 2024.
  • Heating is the most lucrative product segment registering the fastest growth during the forecast period.


Hvac systems market data book summary

Market revenue in 2024USD 2,857.8 million
Market revenue in 2033USD 4,648.1 million
Growth rate5.6% (CAGR from 2025 to 2033)
Largest segmentVentilation
Fastest growing segmentHeating
Historical data2021 - 2023
Base year2024
Forecast period2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationHeating, Ventilation, Cooling
Key market players worldwideCarrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A


Other key industry trends

  • In terms of revenue, U.S. accounted for 23.4% of the global hvac systems market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
  • In North America, U.S. hvac systems market is projected to lead the regional market in terms of revenue in 2033.
  • Mexico is the fastest growing regional market in North America and is projected to reach USD 419.2 million by 2033.

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HVAC Systems Market Companies

Name Profile # Employees HQ Website
Trane Technologies PLC Class A View profile 40000 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland https://www.tranetechnologies.com
Lennox International Inc View profile 12600 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 https://www.lennox.com
Haier View profile 10001+ Qingdao Shi, Shandong, China, Asia http://haier.com/in
Carrier Global Corp Ordinary Shares View profile 53000 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 https://www.corporate.carrier.com
Daikin Industries Ltd View profile 107127 Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 http://www.daikin.com
LG Electronics Inc ADR View profile 35111 Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 https://www.lge.co.kr
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Mitsubishi Electric Corp View profile 149134 Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 https://www.mitsubishielectric.com
Johnson Controls International PLC View profile 102000 One Albert Quay, Cork, Ireland, T12 X8N6 https://www.johnsoncontrols.com
Hitachi Ltd View profile 322525 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 http://www.hitachi.com
Fujitsu Ltd View profile 124055 Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 http://www.fujitsu.com

U.S. hvac systems market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.


Ventilation was the largest segment with a revenue share of 46.68% in 2024. Horizon Databook has segmented the U.S. hvac systems market based on heating, ventilation, cooling covering the revenue growth of each sub-segment from 2021 to 2033.


According to the U.S. Department of Agriculture (USDA), the growing population, rising consumer disposable income, and ongoing urbanization are expected to augment the growth of the food & beverages industry in the country in the coming years. 

HVAC systems such as heating systems, air conditioners, ventilators, dehumidifiers, and coolers play an important role in keeping relative humidity, temperature, air quality, particulate matter, etc. in the desired range for food & beverage production facilities. 

Dehumidifiers are essential in the food & beverages industry for removing the excess amount of humidity that may cause hygiene issues. Snacks, spices, processed meat products, confectionery, etc. require controlled and consistent moisture conditions. 

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Target buyers of U.S. hvac systems market databook

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  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into U.S. hvac systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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U.S. hvac systems market size, by product, 2021-2033 (US$M)

U.S. HVAC Systems Market Outlook Share, 2024 & 2033 (US$M)

U.S. hvac systems market size, by product, 2021-2033 (US$M)

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