U.S. Hvac Systems Market Size & Outlook, 2024-2033
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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 2024 | USD 2,857.8 million |
| Market revenue in 2033 | USD 4,648.1 million |
| Growth rate | 5.6% (CAGR from 2025 to 2033) |
| Largest segment | Ventilation |
| Fastest growing segment | Heating |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heating, Ventilation, Cooling |
| Key market players worldwide | Carrier 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 Scope
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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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)
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