US HVAC Services Market is Segmented by Service Category (Design and Engineering, Installation Contracting and More), by System Type Served (Heating, Services, Cooling / Air-Conditioning Services and More ), by End User (Residential, and Commercial, and More), by Contract Model (Project-Based (One-Off), and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

The U.S. HVAC market size was valued at USD 27.85 billion in 2022 and is projected to reach USD 33.81 billion by 2028, growing at a CAGR of 3.28%.

United States HVAC Market was valued at USD 31.26 Billion in 2024 and is expected to reach USD 38.45 Billion by 2030 with a CAGR of 7.87% during the forecast period.

The US HVAC Equipment Market report segments the industry into By Type Of Equipment (Air Conditioning Equipment, Heating Equipment, Ventilation Equipment), By End User (Residential, Commercial, Industrial), and By Region (West, South, Midwest, Northeast). Get five years of historical data alongside five-year market forecasts.

The United States HVAC market was valued at USD 31.20 Billion in 2024. The industry is expected to grow at a CAGR of 5.60% during the forecast period of 2025-2034 to attain a valuation of USD 53.80 Billion by 2034.

The United States HVAC Market Report is Segmented by Product Type (Heating Equipment [Heat Pumps, Furnaces, and More], Ventilation Equipment [Air Handling Units, Energy Recovery Ventilators/Heat Recovery Ventilators, and More], Air Conditioning Equipment [Unitary Air Conditioners, Variable Refrigerant Flow System, and More] and End User Industry (Residential, Commercial, and Industrial).

United States HVAC Systems Market size was valued at USD 11165.74 Million in 2024 and is projected to reach USD 15577.43 Million by 2031, growing at a CAGR of 4.25% during the forecast period 2024-2031.

United States HVAC Systems Market Drivers

The market drivers for the United States HVAC Systems Market can be influenced by various factors. These may include:

Growing The Construction Industry: The need for HVAC systems is greatly increased by the expansion of residential, commercial, and industrial construction activities. Modern HVAC installations are frequently needed for new construction and remodeling projects in order to satisfy occupant comfort requirements and energy efficiency criteria.

Trends In Energy Efficiency And Sustainability: The demand for energy-efficient HVAC systems is driven by growing environmental consciousness regarding energy consumption. Adoption of energy-efficient HVAC systems and lower carbon footprints are also greatly aided by government rules and incentives for energy-efficient products.

Technological Progress: Advanced thermostats, IoT-enabled devices, and smart HVAC systems are a few examples of HVAC technological innovations that improve energy management, user ease, and system performance. Customers searching for cutting-edge and effective HVAC solutions are drawn in by these technical developments.

Climate Variability And Severe Weather: Warmer summers and colder winters are becoming more common, which increases the need for dependable HVAC systems to keep people comfortable indoors. This pattern is particularly noteworthy in areas where there are extremes in temperature.

Population Growth And Urbanization: More homes and businesses are built as a result of urbanization, which calls for the construction of HVAC systems. The need for residential HVAC systems rises in tandem with population growth as more homes are constructed to house the expanding population.

Retrofitting And Replacing Outdated Systems: The HVAC systems in many American buildings are antiquated, inefficient, and expensive to run. The market is growing because it is necessary to upgrade or retrofit these systems with more contemporary, energy-efficient options.

Legal And Construction Code Requirements: Market demand is stimulated by strict building rules and regulations that require energy-efficient HVAC systems to be installed in new construction and renovations. Modern HVAC technology must frequently be upgraded in order to comply with these rules.

Increasing Living Standards And Disposable Income: Better and more energy-efficient HVAC systems can be purchased by consumers who have more disposable income and a higher level of life. Comfort and energy efficiency are given top priority by homeowners in the residential sector, where this tendency is most noticeable.

Governmental Programs And Awards: The use of sophisticated HVAC systems is supported by government initiatives and incentives designed to reduce greenhouse gas emissions and promote energy efficiency. These programs include grants, tax credits, and rebates for energy-efficient house upgrades.

Demand In The Commercial And Industrial Sectors: HVAC systems are necessary for a number of purposes in the commercial and industrial sectors, including as maintaining regulated environments in data centers, office buildings, and manufacturing. The need for HVAC systems is rising as a result of the expansion of these industries.

US HVAC Market Size, Share & Analysis 2024 By Product Type, By End Use Sector (Residential; Commercial Real Estate; Marine & Offshore etc) Competition Forecast & Opportunities

The United States HVAC Equipment & Services Market Report is Segmented by Equipment (Split Systems, Packaged Units, Chillers, and More), Service Type (New Installations, Retrofits, Maintenance), Distribution Channel (Direct Sales, Distributors, Retail, Online), End User (Residential, Commercial, Industrial, Institutional), Technology (Ducted, Ductless, Smart HVAC). Market Forecasts are Provided in Terms of Value (USD).

The United States HVAC Equipment & Services Market is valued at XX million in 2025, and is projected to grow at a CAGR of 6.21% from 2025 to 2033. The growth of the market is primarily driven by increasing urbanization, rising disposable income, and the adoption of energy-efficient technologies. Additionally, government regulations and incentives for the adoption of energy-efficient HVAC systems are also contributing to the market growth. The major players in the market include Johnson Controls International PLC, Daikin Industries Ltd, Lennox International Inc, EMCOR Group, and Carrier Corporation, among others. The market is segmented by equipment type, end-user, and type of installation. The equipment segment is further sub-segmented into split systems (ducted and ductless), indoor packaged and roof tops, chillers, air handling units, furnaces, fain coils, window/through the wall, moveable and PTAC, boilers, heat pumps, humidifiers and dehumidifiers, and other equipment types. The end-user segment is classified into residential, industrial, and commercial. The type of installation segment is bifurcated into new installations and retrofits. The residential segment is expected to hold the largest market share during the forecast period due to the increasing number of residential construction projects. The commercial segment is also expected to witness significant growth due to the rising demand for energy-efficient HVAC systems in commercial buildings. Recent developments include: November 2021 - Partners Group, a leading global private markets firm, agreed to acquire DiversiTech, a manufacturer and supplier of parts and accessories for heating, ventilation, and air conditioning ("HVAC") equipment in the US, from funds advised by global private equity firm Permira., July 2021 - Audax Private Equity announced that it had signed a definitive agreement to sell Reedy Industries, commercial heating, ventilation, and air conditioning (HVAC) provider, to Partners Group.. Key drivers for this market are: Rise in Residential and Non-residential Users. Potential restraints include: Security Concerns Related to IoT and Smart Devices, Higher Costs of Refurbishment of Old Buildings. Notable trends are: New Installations to Drive the Growth.

The United States HVAC equipment and services market is a substantial and rapidly growing sector, exhibiting a Compound Annual Growth Rate (CAGR) of 6.21% from 2019 to 2024. This growth is fueled by several key drivers. Increasing urbanization and population density necessitate efficient climate control solutions in both residential and commercial buildings. Stringent government regulations aimed at improving energy efficiency, such as those promoting the adoption of energy-star rated equipment, are further stimulating market expansion. The rising prevalence of smart home technologies and the increasing demand for energy-efficient and sustainable HVAC systems are also contributing to market growth. Furthermore, the ongoing recovery from the COVID-19 pandemic and increased investments in infrastructure projects are positively impacting demand. Market segmentation reveals a significant contribution from both new installations and retrofit projects across residential, industrial, and commercial end-users. Split systems (ducted and ductless), packaged units, and chillers represent substantial segments within the equipment category. Leading companies, including Johnson Controls, Daikin, Lennox, and Carrier, are actively engaged in innovation and market consolidation to maintain their competitive edge. However, the market also faces certain challenges. Fluctuating raw material prices, particularly for metals and plastics crucial to HVAC manufacturing, can impact profitability. Supply chain disruptions, although lessening, can still cause delays and increase costs. The skilled labor shortage in the HVAC installation and maintenance sectors poses a constraint on timely project completion and potentially impacts service quality. Despite these restraints, the long-term outlook for the U.S. HVAC market remains positive, driven by sustained demand for climate control solutions and technological advancements. The market's continued expansion is expected to be supported by government initiatives promoting energy efficiency and sustainable practices within the building sector. The strategic focus of major players on product innovation, such as developing smart and IoT-enabled systems, will also contribute to future market growth. Recent developments include: November 2021 - Partners Group, a leading global private markets firm, agreed to acquire DiversiTech, a manufacturer and supplier of parts and accessories for heating, ventilation, and air conditioning ("HVAC") equipment in the US, from funds advised by global private equity firm Permira., July 2021 - Audax Private Equity announced that it had signed a definitive agreement to sell Reedy Industries, commercial heating, ventilation, and air conditioning (HVAC) provider, to Partners Group.. Key drivers for this market are: Rise in Residential and Non-residential Users. Potential restraints include: Rise in Residential and Non-residential Users. Notable trends are: New Installations to Drive the Growth.

United States HVAC Equipment And Services Market size was valued at USD 24.86 Billion in 2024 and is projected to reach USD 40.83 Billion by 2032, growing at a CAGR of 6.4% from 2025 to 2032.

Key Market Drivers

Rising Energy Efficiency Regulations: Federal and state governments continue to implement stricter energy efficiency standards for HVAC systems, driving demand for newer, compliant equipment. According to the U.S. Department of Energy's Energy Efficiency Report from November 2023, new HVAC efficiency standards will affect approximately 65% of commercial buildings by 2025.

This statistic depicts select data on the heating, ventilation and air conditioning (HVAC) industry in the U.S. as of January 2019. By that time, there were around 528,550 people employed by the HVAC industry in the United States.

Having seen growth through the end of 2025, revenue for the heating and air-conditioning contractors industry is influenced by changes in per capita disposable income, interest rates, consumer spending and a host of other drivers. HVAC contractors operate a steady business thanks to the necessity of their services and regular repair and maintenance work. Government support, including Qualified Improvement Property (QIP) tax write-offs, has aided revenue growth. Coming off the heels of historically low rates, interest rate hikes weakened residential and nonresidential markets since 2022. The elevated cost of borrowing particularly reduced residential construction activity, while nonresidential construction managed to continue expanding amid a hot reopened economy. Manufacturing construction spending, in particular, saw strong growth amid supportive federal policies. Interest rate cuts, which began in 2024 and have continued into 2025, provide a bright spot for contractors. Overall, revenue for heating and air-conditioning contractors is expected to expand at a CAGR of 2.5% during the current period, reaching $156.2 billion in 2025, when revenue is set to climb 2.4%. As interest rate cuts are set to continue and construction activity continues to expand along with the broader US economy, HVAC contractors will see expanding opportunities. High wages and corporate profit will hike spending from the residential and nonresidential sectors, aiding revenue growth. Contractors will see new opportunities as consumers seek newer and environmentally friendly systems. Tax credits and grants for energy-efficient heating and cooling equipment under the Inflation Reduction Act (IRA) will provide an avenue of growth for the industry. However, some of the second Trump administration's policies could threaten HVAC contractors; the administration paused certain funding included in the IRA, which could threaten rebates for heat pumps. A potentially escalating trade war also stands to drive up prices. Still, revenue for heating and air-conditioning contractors is forecast to rise at a CAGR of 2.6% during the outlook period, reaching $177.7 billion in 2030, while profit is set to see tepid growth amid continued labor shortages.

United States HVAC Service And Maintenance Market size was valued at USD 28,492.80 Million in 2023 and is expected to reach USD 46,599.14 Million by the end of 2031 with a CAGR of 6.46% during the forecast period 2024-2031.

United States HVAC Service And Maintenance Market Overview

The latest market trends are those that reflect energy-efficient solutions due to consumer emphasis on sustainability. The HVAC industry has integrated smart technologies in many aspects, making the management and monitoring of energy consumption possible. In addition, the predictive maintenance trend that employs data analytics in improving the performance of the systems with minimal downtime is being given more emphasis.

There are significant opportunities in the market, particularly as smart technology continues to evolve with promises of higher efficiency and user experience. Companies that innovate their service offerings to include energy optimization and predictive analytics will be ahead of the curve. As regulations begin to tighten around energy consumption and emissions, there will be a need for retrofitting older systems with more modern alternatives.

In 2022, California was the state in the U.S. with the highest number of establishments in an HVAC-related segment. Meanwhile, Florida and Texas had ****** and ****** manufacturrs, wholesalers, or constractors of heating, ventilation, air-conditioning and refrigeration (HVAC-R) equipment. Most of those establishments were plumbing, heating, and air-conditioning contractors. The number of manufacturers and wholesalers of HVAC-R equipment were significantly lower in most states. Air conditioner market in North AmericaNorth America was one of the regions with the highest demand for air conditioners, only behind Asia, where China and Japan had a really large market share. Although the number of shipments for air conditioners in the U.S. decreased between 2021 and 2023, AC shipments increased again in 2024. Meanwhile, Ontario was by far the region with most of the plumbing and HVAC establishments in Canada. The next states in the list were British Columbia, Quebec, and Alberta. HVAC market in EuropeThe annual sales of heat pumps in Europe have also been growing a lot in recent years, surpassing the figure of ************* units sold in 2024. Heat pumps are considered an important technology for the energy transition, and some governments across Europe have been promoting them through public policy.

The US HVAC equipment market, a significant segment of the global market, exhibits robust growth potential. With a global market size of $45.46 billion in 2025 and a Compound Annual Growth Rate (CAGR) of 5.76%, the US market likely commands a substantial share, considering its large residential and commercial building stock. Growth is driven by several key factors: increasing urbanization and construction activity leading to higher demand for new HVAC installations, rising disposable incomes boosting consumer spending on energy-efficient home upgrades, and stringent government regulations promoting energy conservation and reducing carbon emissions. These regulations are driving the adoption of high-efficiency equipment like heat pumps and smart thermostats. Furthermore, technological advancements leading to the development of more efficient and sustainable HVAC systems, such as those integrating renewable energy sources, are contributing to market expansion. However, challenges remain, including supply chain disruptions impacting equipment availability and price fluctuations, increased material costs, and potential labor shortages impacting installation timelines. The market segmentation reveals strong demand across residential, commercial, and industrial sectors. Within equipment types, air conditioning units, particularly unitary and room air conditioners, dominate due to rising temperatures and increased reliance on climate control. However, the growing awareness of energy efficiency and sustainability is driving increased adoption of heating equipment like heat pumps, offering both heating and cooling capabilities, representing a significant growth opportunity. The competitive landscape is characterized by established players like Daikin, Lennox, Rheem, Trane, and Carrier, alongside emerging companies focusing on innovative technologies. The US market's projected growth trajectory for the next decade reflects a positive outlook, although fluctuations due to economic conditions and technological disruptions should be considered. The forecast period (2025-2033) is expected to witness substantial growth, fueled by the aforementioned drivers, positioning the US HVAC market as a lucrative investment opportunity. Recent developments include: August 2024 - Daikin Applied unveiled its latest self-contained HVAC system, the SWP J-Vintage. This cost-effective and highly efficient unit is upgraded with the low-global warming potential (GWP) R-32 refrigerant. Tailored for floor-by-floor applications, the SWP J-Vintage is packed with features that empower customers to shrink their carbon footprint, all while ensuring top-notch performance at reduced costs., May 2024 - Lennox and Samsung, a globally trusted brand with 40 years of pioneering HVAC technology, inked a deal to form a joint venture. This venture is expected to focus on selling ductless AC and heat pump products (including mini-split, multi-split, and VRF) across the United States and Canada. The newly minted entity is expected to operate under the name Samsung Lennox HVAC North America.. Key drivers for this market are: Growing Adoption of Home and Building Automation Systems, Increasing Demand for Energy-efficient Devices. Potential restraints include: Growing Adoption of Home and Building Automation Systems, Increasing Demand for Energy-efficient Devices. Notable trends are: Residential Sector to be the Largest End User.

The North America Commercial HVAC Market Report is Segmented by Type of Component (HVAC Equipment [Heating Equipment, Air Conditioning/Ventilation Equipment] and HVAC Services), End-User Industry (Hospitality, Commercial Building, Public Building, and Other End-User Industries), and Country (United States and Canada). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The North American HVAC equipment market is projected to reach a value of $43.56 million by 2033, growing at a CAGR of 7.10% from 2025 to 2033. The market growth is attributed to the increasing demand for energy-efficient HVAC systems, rising construction activities, and growing awareness of indoor air quality. Additionally, government regulations and incentives promoting sustainability and energy conservation are expected to fuel market expansion. The market is segmented by equipment type, end-user, and region. In terms of equipment type, air conditioning equipment holds the largest market share due to the rising demand for cooling systems in residential and commercial buildings. By end-user, the residential segment is the primary consumer of HVAC equipment, followed by the commercial and industrial sectors. Geographically, the United States dominates the North American HVAC equipment market, followed by Canada and Mexico. Key market players include Rheem Manufacturing Company Inc, Johnson Controls International PLC, Daikin Industries Ltd, Ingersoll Rand Inc (Trane Inc), Lennox International Inc, Nortek Global HVAC LL, Emerson Electric Co, Carrier Corporation, Electrolux AB, and Uponor Corp. The North America HVAC (Heating, Ventilation, and Air Conditioning) Equipment Market is a thriving industry, valued at approximately $45.64 billion in 2022, with a projected growth rate of 5.86% over the forecast period of 2023-2028. Recent developments include: February 2023 - LG Electronics USA showcased its robust 2023 lineup of commercial,residential HVAC and light commercial, and solutions at the 2023 AHR Expo in Atlanta. Throughout the show, the company demonstrated its Variable Refrigerant Flow (VRF) technology, energy-efficient heat pump options, indoor air quality solutions, along with flexible building automation and connectivity products., January 2023 - Carrier introduced the AquaSnap 30RC air-cooled scroll chiller with Greenspeed intelligence and R-32 refrigerant, which complies with January 1, 2024, low global warming potential (GWP) requirements that deliver quieter operation within a tiered design for a broader operating range and design flexibility.. Key drivers for this market are: Rise in Residential and Non-residential Users. Potential restraints include: High Energy Consumption of HVAC Equipment. Notable trends are: Heat Pumps to Witness Significant Growth.

US Commercial HVAC Market is anticipated to project robust growth & increasing use of office space, developing new commercial infrastructure, and product innovation, etc.