In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. HVAC market report.
The U.S. HVAC market is expected to grow at a CAGR of approximately 4% during the period 2019−2025.
Key Highlights Offered in the Report:
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U.S. HVAC Market – Segmentation
U.S. HVAC Market by Equipment
U.S. HVAC Market by Application
U.S. HVAC Market – Dynamics
IoT is fundamentally changing the HVAC industry as the technology comes to the forefront and makes systems smarter and more accessible, offering benefits based on a number of custom settings and schedules, including condition-based maintenance, lower energy consumption, predictive performance issues, remote and automatic system adjustments. At the prompt of a command, occupants are able to adjust just about everything from heat to fans. The uptake of smart HVAC is being fuelled by the growing number of renewable energy start-ups that are cropping up across the country, the prevalence of different weather conditions, and the acceleration in smart home and smart building adoption. Further, the Government of the US and EPA’s implementations of several regulations have forced several manufacturers in the market to upgrade their products with energy-efficient technologies. In the recent past, the emphasis on connecting several sensors within building ecosystems, including HVAC, has grown for achieving energy efficiency.
Key Drivers and Trends fueling Market Growth:
U.S. HVAC Market – Geography
The southern part of the country recorded the largest sale of HVAC services and revenues in 2019. This is mainly attributed to the fact that cities and towns in the southern part of the country experience varying weather conditions, as compared to those in other regions. The National Association of Home Builders stated the construction industry in southern states had experienced major growth in residential and commercial units with a growth rate of 6.3% in 2019, creating a huge need for efficient heating and cooling of residential, industrial, and commercial buildings. As a result, the need for HVAC remains consistently high in this part of the country, and all new single-family households in the region are built with CACs.
U.S. HVAC Market by Geography
Major Vendors
Other Prominent Vendors
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