U.S. HVAC Systems Market Worth $26.93 Billion By 2030

Published On: November 29, 2022

The U.S. HVAC systems market size is expected to reach USD 26.93 billion by 2030, at a CAGR of 5.6% from 2022 to 2030.  The main factor supporting the market demand continues to be the shifting climatic conditions across the United States. Additionally, since the United States has a vast geographic diversity, the weather changes dramatically from one state, city, or coast to another during the year. This is necessitating HVAC installation in both commercial and residential buildings.

The country's HVAC industry prospers due to the requirement to regulate building temperature regardless of the weather outside. U.S. In terms of the supply side, the country's rigid guidelines for reducing carbon dioxide emissions and energy consumption will be a major factor in the market's growth.

Consumers are opting for energy-efficient solutions that reduce greenhouse gas (GHG) emissions. The U.S. government provides many tax credit schemes that reward consumers who adopt equipment encouraging substantial energy savings to further promote well-informed product purchases. The Energy Star Program, which essentially seeks to rate products based on performance and energy savings, was created for this purpose.

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U.S. HVAC Systems Market Report Highlights

• The cooling product segment captured a significant share in 2021 and is estimated to retain its popularity during the forecast period

• Based on end uses, the market is segmented into commercial, residential, and industrial, and the commercial sector is projected to demonstrate the fastest growth rate of 6.00% by 2030

• The Midwest region of the U.S. held a market share of over 21.8% in 2021 and is driven by the growth of the real estate sector

U.S. HVAC Systems Market Segments

U.S. HVAC Systems Product Outlook (Revenue, USD Billion, 2018 - 2030)
    • Heating
    • Ventilation
    • Cooling

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
    • Southeast
    • Midwest
    • Southwest
    • West

List of Key Players in the U.S. HVAC System Market
    • Carrier Corp.
    • Daikin Industries, Ltd.
    • Emerson Electric Co.
    • Johnson Controls International plc
    • Lennox International, Inc.
    • Trane Technologies