U.S. HVAC Systems Market Size, Share & Trends Analysis Report By Equipment (Heat Pump, Air Conditioning, Air Purifier, Chillers, Boilers), By End-use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2024 - 2030

Market Segmentation

• U.S. HVAC Systems Equipment Outlook (Revenue, USD Billion, 2018 - 2030)
  • Heat Pump
  • Furnace
  • Unitary Heaters
  • Boilers
  • Air Purifier
  • Dehumidifier
  • Air Handling Units
  • Ventilation Fans
  • Air Conditioning
  • Chillers
  • Cooling Towers
  • Others
• U.S. HVAC Systems End-use Outlook (Revenue, USD Billion, 2018 - 2030)
  • Residential
  • Commercial
  • Industrial
• U.S. HVAC Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)
  • Northeast
    • Northeast HVAC Systems Market, By Equipment
      • Heat Pump
      • Furnace
      • Unitary Heaters
      • Boilers
      • Air Purifier
      • Dehumidifier
      • Air Handling Units
      • Ventilation Fans
      • Air Conditioning
      • Chillers
      • Cooling Towers
      • Others
    • North America U.S. HVAC Systems Market, By End-use
      • Residential
      • Commercial
      • Industrial
  • Southeast
    • Southeast HVAC Systems Market, By Equipment
      • Heat Pump
      • Furnace
      • Unitary Heaters
      • Boilers
      • Air Purifier
      • Dehumidifier
      • Air Handling Units
      • Ventilation Fans
      • Air Conditioning
      • Chillers
      • Cooling Towers
      • Others
    • Southeast U.S. HVAC Systems Market, By End-use
      • Residential
      • Commercial
      • Industrial
  • Midwest
    • Midwest HVAC Systems Market, By Equipment
      • Heat Pump
      • Furnace
      • Unitary Heaters
      • Boilers
      • Air Purifier
      • Dehumidifier
      • Air Handling Units
      • Ventilation Fans
      • Air Conditioning
      • Chillers
      • Cooling Towers
      • Others
    • Midwest U.S. HVAC Systems Market, By End-use
      • Residential
      • Commercial
      • Industrial
  • Southwest
    • Southwest HVAC Systems Market, By Equipment
      • Heat Pump
      • Furnace
      • Unitary Heaters
      • Boilers
      • Air Purifier
      • Dehumidifier
      • Air Handling Units
      • Ventilation Fans
      • Air Conditioning
      • Chillers
      • Cooling Towers
      • Others
    • Southwest U.S. HVAC Systems Market, By End-use
      • Residential
      • Commercial
      • Industrial
  • West
    • West HVAC Systems Market, By Equipment
      • Heat Pump
      • Furnace
      • Unitary Heaters
      • Boilers
      • Air Purifier
      • Dehumidifier
      • Air Handling Units
      • Ventilation Fans
      • Air Conditioning
      • Chillers
      • Cooling Towers
      • Others
    • West U.S. HVAC Systems Market, By End-use
      • Residential
      • Commercial
      • Industrial

U.S. HVAC Systems Market Dynamics

Driver: Technological Advancements In HVAC

Rapid technological advancements in HVAC such as several HVAC organizations are focused on developing innovative products which develop products basis the convenience of the user to enhance the overall experience. Growing technological development and the need to enhance consumer experience are anticipated to boost market growth. Furthermore, some of the leading trends in the air conditioning market are stated here:

Smart Thermostats: Rapid proliferation of smart devices such as smartphones, tablets, and others led to an upsurge in connected products. On the contrary, thermostats have been a part of the HVAC industry for a long time. Such growing demand for smart devices is anticipated to boost market growth. Furthermore, the introduction of innovative products such as Amazon Echo and Google Home,enable users to connect the thermostats with their smartphones and control the temperature remotely. Such voice control featuresallow users to control the thermostats.

Integrated solutions for the commercial sector: Growing demand for commercial sector in the U.S. for varied applications such as warehouses, retail, healthcare, and others is boosting the demand for HVAC industry. High demand for integrated solutions such as temperature, humidity, airflow, and more remotely and from various devices coupled with several manufacturer are engaged in developing innovative products is predicted to drive market growth.

Dual-fuel heat pump: This technology combines the aspects of a full-sized gas furnace and an electric heat pump. The technology is expected to attract high demand from homeowners living in areas with low electricity rates and moderate weather conditions, where temperatures do not fall below freezing. During warm weather conditions around 35 degrees, the electric heat pump will warm the indoors, while during the sub-freezing temperature, the pump will switch to gas mode to more efficiently provide heat into the home. With the increasing focus on energy efficiency, such HVAC solutions are expected to drive the HVAC market in the U.S.

Driver: Increasing Refurbishment And Replacement Demand For HVAC Systems

Growing technological advancements in the HVAC industry such as integration of IoT, improved energy efficiency, hybrid technology, and others. lead to improved performance, reduced cost, and increased energy efficiency. The need to replace old HVAC system with new and advanced HVAC systems in order to deliver higher energy efficiency and performance is anticipated to boost market growth in the coming years.The utmost prominent factors for replacement of HVAC unit are the age of the system, building remodeling, poor air quality, and high cost of repair. Furthermore, remodeling of commercial, industrial or residential buildings can lead to a replacement of the HVAC unit due to the possibility of the interruption in the airflow of HVAC systems and increasing running costs. This need for remodeling HVAC system is anticipated to drive market growth.

Restraint: High Installation Cost And Maintenance

The high initial cost of the HVAC system is predicted to hamper market growth. The average life of HVAC systems is about 13 years with proper maintenance. This maintenance includes frequent cleaning to remove any sediment and dust settled on the filters to avoid damage, which can lead to the failure of the entire system. Thus, such initial high cost and maintenance cost is projected to hamper market growth. 

What Does This Report Include?

This section will provide insights into the contents included in this U.S. HVAC systems market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

U.S. HVAC Systems market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

U.S. HVAC Systems market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance