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 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 Market Report is Segmented by Equipment Type (Air-Conditioning Equipment, Heating Equipment, and Ventilation Equipment), End User (Residential, Commercial, and Industrial), Implementation Type (New Construction, and Retrofit/Replacement), Efficiency Rating (Low-Efficiency Tier, and High-Efficiency Tier), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

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HVAC Services Market Size 2025-2029

The hvac services market size is valued to increase USD 46.04 billion, at a CAGR of 8.8% from 2024 to 2029. Rapidly growing surface temperature will drive the hvac services market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 45% growth during the forecast period.
By Service Type - Air conditioning services segment was valued at USD 35.94 billion in 2023
By End-user - Non-residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 87.92 million
Market Future Opportunities: USD 46036.80 million
CAGR : 8.8%
APAC: Largest market in 2023

Market Summary

The market encompasses a dynamic and ever-evolving industry, driven by advancements in core technologies and applications. Rapidly growing sectors include the adoption of surface temperature advanced monitoring systems and intelligent technologies, which are transforming the way businesses and households manage their climate control needs. These innovations offer significant opportunities for market growth, yet face challenges from fluctuating prices of HVAC system raw materials. With the increasing demand for energy efficiency and sustainability, service types such as maintenance, repair, and installation continue to be in high demand.
According to recent reports, The market is expected to account for over 50% of the total HVAC market share by 2025. This underscores the importance of staying informed about the latest trends and developments in this continuously evolving sector.

What will be the Size of the HVAC Services Market during the forecast period?

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How is the HVAC Services Market Segmented and what are the key trends of market segmentation?

The hvac services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service Type

  Air conditioning services
  Heating services
  Ventilation services


End-user

  Non-residential
  Residential


Distribution Channel

  Online
  Offline


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Service Type Insights

The air conditioning services segment is estimated to witness significant growth during the forecast period.

Air conditioning systems have become an essential component of modern indoor spaces, with their application extending to various sectors including residential, commercial, and industrial buildings. The global market for HVAC services is experiencing significant growth due to the increasing demand for energy-efficient solutions, integration of building automation systems, and the expanding construction industry. Energy efficiency ratings play a crucial role in the selection of HVAC systems, with building energy modeling and thermal comfort standards guiding the design process. Humidity control systems, cooling system efficiency, and preventive maintenance schedules are essential considerations for maintaining optimal indoor environments. Heating system capacity and HVAC system upgrades are key areas of focus for businesses seeking to improve energy efficiency and reduce operational costs.

Air filtration systems, chilled water systems, and smart HVAC controls are increasingly popular solutions for enhancing indoor air quality and optimizing energy usage. The market for HVAC services is expected to grow substantially in the coming years, with a significant increase in demand from emerging markets. Preventive maintenance schedules, heat pump technology, and airflow optimization techniques are some of the trends driving this growth. Maintenance contract options and the HVAC equipment lifecycle are important factors influencing market dynamics. Thermal insulation materials, refrigeration cycle analysis, commissioning and testing, boiler system maintenance, energy monitoring software, and variable refrigerant flow are some of the key areas of innovation in the HVAC industry.

Retrofit projects, ductwork design standards, refrigerant charge calculations, air quality monitoring, and demand-controlled ventilation are also gaining traction as businesses seek to optimize their HVAC systems and reduce energy consumption. According to recent market research, The market is projected to grow by 15% in the next three years. Additionally, the market for building automation systems is expected to expand by 20% during the same period. These trends reflect the ongoing evolution of the HVAC industry and the increasing importance of energy efficiency and indoor environmental quality in modern building

The global heating, ventilation, and air conditioning (HVAC) market is projected to reach about ***** billion U.S. dollars by 2030, based on a compound annual growth rate (CAGR) of *** percent between 2020 and 2030. A more recent projection estimates that the market volume of the HVAC market will reach ***** million units by 2024. Growth in the HVAC market is likely due to continued growth in construction sector revenues, from both publicly and privately funded projects. Air conditioning Mini split air conditioners generate over half of the HVAC market sales revenue, likely due to its early and widespread adoption within the residential sector. Split air conditioner systems have an outdoor and indoor unit. Installation for split air conditioners tend to be much easier as it does not require ductwork and instead, just uses electric wires and tubing to connect the indoor and outdoor units. The demand for air conditioning is increasing worldwide as global temperatures increase. HVAC systems promote improved quality within indoor environments through thermal comfort and acceptable air quality.

The HVAC systems market attained a value of USD 229.50 Billion in 2024. The industry is expected to grow at a CAGR of 5.60% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 395.75 Billion.

The HVAC systems market share is increasing with governments worldwide implementing stricter energy efficiency standards. In January 2024, U.S. Department of Energy finalized new energy efficiency standards for residential cooking products to limit household utility costs and improve appliance reliability and performance. These policies are helping to lower carbon emissions and operational costs by promoting high-efficiency HVAC units that use advanced technologies, such as inverter compressors and smart thermostats. As a result, the demand is rising for these systems to meet compliance while offering long-term sustainability and savings.

The HVAC-as-a-Service (HVACaaS) model is emerging as a customer value proposition in the HVAC systems industry for offering flexible payment options and reducing upfront costs. This model allows businesses and homeowners to access HVAC systems without significant capital investment, promoting the adoption of energy-efficient technologies. With the tightening energy efficiency mandates and operational flexibility becoming vital, HVACaaS is gaining popularity as a cost-effective, scalable solution.

The HVAC systems market is further witnessing increasing integration with building automation systems (BAS) to enhance energy efficiency and occupant comfort. In May 2025, Johnson Controls launched the NSW8000 Series Wireless Sensor for enabling real-time temperature, humidity, occupancy, and optional CO2 monitoring for Metasys BAS and FX controllers. This integration allows for centralized control and monitoring of HVAC systems, lighting, and other building systems, leading to optimized performance and reduced energy consumption.

United States HVAC Systems Market size was valued at USD 11,184.72 Million in 2024 and is projected to reach USD 15,021.72 Million by 2032, growing at a CAGR of 4.25% from 2025 to 2032.The United States HVAC Systems Market has witnessed a growing emphasis on indoor environmental quality (IEQ) in recent years. IEQ, encompassing air quality, thermal comfort, lighting, and acoustics, has become a priority due to heightened awareness around occupant health and comfortespecially after the COVID-19 pandemic. As people spend a lot of their time indoors, the importance of clean air, proper ventilation, and stable indoor temperatures has come into sharp focus. Additionally, the industry is experiencing a technological transformation with the integration of IoT and AI-driven HVAC solutions.

The global commercial HVAC market, valued at $41.79 billion in 2025, is projected to experience robust growth, driven by increasing urbanization, rising construction activities in commercial sectors, and stringent government regulations promoting energy efficiency. The market's compound annual growth rate (CAGR) of 8.80% from 2025 to 2033 indicates significant expansion potential. Key drivers include the escalating demand for energy-efficient HVAC systems in commercial buildings like offices, hotels, and retail spaces, coupled with technological advancements such as smart HVAC solutions and the integration of IoT devices for improved control and monitoring. Growth is further propelled by the expanding hospitality and public building sectors, creating a strong demand for sophisticated climate control solutions. While the market faces some restraints, such as fluctuating raw material prices and potential supply chain disruptions, these are expected to be offset by the overall positive market trends and the continuous innovations in the industry. The market segmentation reveals a significant share held by HVAC equipment (heating and air conditioning/ventilation), followed by HVAC services. Geographically, North America and Europe currently dominate the market, but Asia is projected to witness substantial growth due to rapid infrastructural development and economic expansion. Major players like Johnson Controls, Daikin, Lennox, and Carrier are aggressively investing in research and development, strengthening their market positions through technological innovation and strategic partnerships. The forecast period (2025-2033) indicates a continued upward trajectory for the commercial HVAC market, with a projected market size exceeding $80 billion by 2033. This growth will be influenced by a number of factors. Increased focus on sustainable building practices and reduced carbon footprint are driving the adoption of green HVAC technologies. The ongoing development of energy-efficient solutions, such as heat pumps and variable refrigerant flow (VRF) systems, along with improved building automation systems, will further contribute to market expansion. Furthermore, the growing awareness of indoor air quality (IAQ) and the need for improved ventilation in commercial spaces are expected to fuel the demand for advanced HVAC systems with enhanced filtration and air purification capabilities. Competition among key players will likely intensify, driving innovation and offering diverse product choices to consumers. Commercial HVAC Market: A Comprehensive Analysis (2019-2033) This in-depth report provides a comprehensive analysis of the global commercial HVAC market, encompassing the period from 2019 to 2033. It offers invaluable insights into market size, growth drivers, challenges, and key trends, enabling businesses to make informed strategic decisions in this dynamic sector. The report utilizes data from the historical period (2019-2024), with 2025 serving as the base and estimated year, and projecting the forecast period (2025-2033). The market is segmented by type of component (HVAC equipment – including heating and air conditioning/ventilation equipment – and HVAC services), end-user industry (hospitality, commercial buildings, public buildings, and other end-user industries), and key players including Johnson Controls International PLC, Daikin Industries Ltd, Lennox International Inc, LG Electronics Inc, Danfoss A/S, Carrier Corporation, Midea Group Co Ltd, Robert Bosch GmbH, BDR Thermea Group, and Panasonic Corporation. Recent developments include: March 2024: Daikin announced the acquisition of BKF Klima in Denmark to drive Europe's carbon reduction efforts and expand installer upskilling opportunities. At Daikin's new offices in Brondby, Denmark, the company will also open two new facilities, including a Daikin Installer Training Center and a Daikin Experience Center for consumers. This strategic acquisition will enable Daikin to leverage its extensive research and development expertise in low-carbon HVAC solutions further., February 2024: Voltas announced the introduction of a new line of commercial air conditioning products for business space. A cooling capacity of 12-72 TR with eco-friendly refrigerants is available for the new Scroll Inverter Chillers. The product is enabled by the Internet of Things, is BMS-compatible, has silent operation, and is user-friendly as it can be used via a cell phone application. The company aims to further enhance its objective of promoting commercial spaces and the use of cutting-edge scroll technology to integrate energy-efficient solutions into its operations by means of this new line of inverter chillers.. Key drivers for this market are: Growing Commercial Construction in Major Emerging Economies, Increasing Demand For Energy Efficient Devices. Potential restraints include: Data privacy and security concerns, High installation and maintenance costs. Notable trends are: Air Conditioning /Ventilation Equipment Witnessed Increasing Demand.

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HVAC Market Size 2025-2029

The HVAC market size is valued to increase by USD 90.5 billion, at a CAGR of 7% from 2024 to 2029. Growing construction sector will drive the HVAC market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 56% growth during the forecast period.
By Type - HVAC equipment segment was valued at USD 118.50 billion in 2023
By End-user - Non-residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 84.23 billion
Market Future Opportunities: USD 90.50 billion
CAGR from 2024 to 2029 : 7%

Market Summary

The market, a critical component of infrastructure for commercial and residential buildings, experienced significant expansion in recent years. With the construction sector's robust growth, the demand for HVAC systems has escalated, driven by the increasing adoption of building automation systems. These advanced technologies enable energy efficiency, improved indoor air quality, and enhanced comfort, making them indispensable in modern architecture. However, challenges persist. HVAC equipment failures, often due to poor maintenance or aging infrastructure, can lead to significant operational disruptions and financial losses. To mitigate these issues, manufacturers and service providers are investing in innovative solutions, such as predictive maintenance technologies and smart HVAC systems.
These advancements not only address equipment failures proactively but also contribute to energy savings and overall system optimization. According to a recent study, the market was valued at over USD 200 billion in 2020. This figure underscores the market's importance and potential for continued growth. As the industry evolves, it will remain focused on delivering energy efficiency, reliability, and connectivity to meet the ever-changing needs of businesses and consumers.

What will be the Size of the HVAC Market during the forecast period?

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How is the HVAC Market Segmented?

The HVAC industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  HVAC equipment
  HVAC services


End-user

  Non-residential
  Residential


Heating Equipment

  Heat pumps
  Furnaces
  Unitary heaters
  Boilers


Ventilation Equipment

  Air handling units
  Air filters
  Dehumidifiers
  Ventilation fans
  Humidifiers
  Air purifiers


Cooling Equipment

  Unitary air conditioners
  VRF systems
  Chillers
  Room air conditioners
  Coolers
  Cooling towers


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The HVAC equipment segment is estimated to witness significant growth during the forecast period.

The market is experiencing robust growth due to the expanding population, surging construction expenditures, and rising sales of commercial and residential buildings. This trend is particularly noticeable in the adoption of advanced HVAC technologies such as zoned systems, thermal insulation, fan power optimization, direct digital controls, humidity control, and smart HVAC technology. Manufacturers are prioritizing energy efficiency and sustainability, with innovations like heat pump technology, variable refrigerant flow, and building automation systems gaining traction. Key sub-segments of the market include air conditioning, heating, and ventilation. In the air conditioning sector, there is a growing demand for heat pumps, room ACs, and unitary ACs.

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The HVAC equipment segment was valued at USD 118.50 billion in 2019 and showed a gradual increase during the forecast period.

To meet stringent energy efficiency and green technology regulations, manufacturers are developing eco-friendly solutions that minimize chlorofluorocarbon (CFC) and hydrofluorocarbon (HFC) emissions. The growth is attributed to factors such as the increasing focus on energy efficiency metrics, building energy codes, and the integration of heat transfer principles, refrigeration cycles, and thermal comfort into HVAC system design. Additionally, advancements in air handling units, HVAC controls, refrigerant efficiency, energy modeling software, air filtration systems, chilled water systems, boiler system maintenance, cooling tower efficiency, ventilation optimization, and heating system design are driving market expansion.

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Regional Analysis

APAC is estimated to contribute 56% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends

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 valued at USD 62 billion, driven by energy-efficient solutions, smart technologies, and construction growth, with focus on sustainability and innovation.

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Industrial HVAC Market Size 2025-2029

The industrial HVAC market size is forecast to increase by USD 6.81 billion, at a CAGR of 7.9% between 2024 and 2029. The escalating demand for energy-efficient heating, ventilation, and air conditioning (HVAC) systems serves as the primary market driver.

The market is experiencing significant growth, driven by the increasing demand for energy-efficient heating, ventilation, and air conditioning (HVAC) systems. This trend is being fueled by the global focus on reducing energy consumption and carbon emissions, leading companies to invest in advanced HVAC technologies. Another key driver is the growing adoption of advance refrigerants in air conditioners, which offer superior energy efficiency and lower environmental impact.
The market continues to evolve, driven by advancements in technology and the ever-evolving energy landscape. Building owners and operators seek to optimize their systems for energy efficiency, thermal comfort, and indoor environmental quality. HVAC maintenance schedules are becoming more sophisticated, with building energy modeling and air quality monitoring playing crucial roles. Refrigeration cycle analysis and chilled water systems are being enhanced through heat pump technology and variable refrigerant flow. Chiller plant optimization and thermal comfort standards are key areas of focus, with direct digital control and building code compliance essential for ensuring efficient and reliable operations. HVAC control strategies, such as demand-controlled ventilation and predictive maintenance, are gaining traction to minimize energy consumption and enhance system performance.
However, the market is not without challenges. Frequent changes in regulations pertaining to industrial HVAC are creating uncertainty and increasing operational costs for businesses. Compliance with these regulations requires significant investment in research and development, as well as the adoption of new technologies and processes. Companies seeking to capitalize on market opportunities and navigate these challenges effectively must stay informed of regulatory developments and invest in innovative solutions that meet evolving energy efficiency and environmental standards.

Major Market Trends & Insights

  APAC dominated the market and accounted for a 41% growth during the forecast period.
  The market is expected to grow significantly in Europe Region as well over the forecast period.
  The Process industry segment was valued at USD 6.98 billion in 2023
  Based on the HVAC equipment Segment accounted for the largest market revenue share in 2023

Market Size & Forecast

  Market Opportunities: USD 113.03 million
  Future Opportunities: USD 6.81 billion 
  CAGR : 7.9%
  APAC: Largest market in 2023

What will be the Size of the Industrial HVAC Market during the forecast period?

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The market continues to evolve with a strong focus on energy efficiency, automation, and sustainable cooling technologies. Advanced HVAC systems are increasingly integrated with IoT and smart sensors to enable predictive maintenance and real-time monitoring, driving operational efficiency in industrial environments. The adoption of variable refrigerant flow systems, enhanced air quality solutions, and renewable energy-powered units is expanding as companies prioritize regulatory compliance and environmental sustainability. Growing investment in smart factory solutions and industrial automation further strengthens the need for optimized climate control systems. Internal linking opportunities exist with Industrial Automation Safety Market, Smart Factory Solutions Market, and IoT in Manufacturing Market. Industry reports indicate that the integration of digital monitoring in HVAC systems has improved energy efficiency by nearly 20%, while the market is expected to maintain an annual growth trajectory of around 7% over the next few years.
One example of market activity unfolding is a leading manufacturing plant implementing a chiller plant optimization project, resulting in a 15% reduction in energy consumption. Industry growth in the HVAC sector is expected to reach 5% annually, fueled by the integration of sensor networks, energy efficiency metrics, and smart HVAC technology. Air filtration systems, exhaust system design, and energy recovery ventilation are other areas of innovation, as the industry strives to meet evolving demands and regulatory requirements. HVAC system design and upgrades, along with the integration of building automation systems, are essential for maintaining optimal performance and ensuring indoor environmental quality.
Fault detection diagnostics, refrigerant leak detection, and ductwork design optimization are critical components o

U.S. HVAC Systems Market size was estimated at USD 29.95 billion in 2024 and is projected to grow at a CAGR of 7.1% from 2025 to 2034.

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 2021, the size of the automotive heating, ventilation, and air conditioning (HVAC) market in the United States (U.S.) reached a value of **** billion U.S. dollars. It is projected that the market size will increase with a compound annual growth rate (CAGR) of **** percent from 2022 to 2027, reaching a value of **** billion U.S. dollars in 2027.

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Commercial HVAC Market Size 2025-2029

The commercial HVAC market size is forecast to increase by USD 28.8 million, at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of data centers and the emergence of smart and connected HVAC systems. The proliferation of data centers necessitates advanced cooling solutions to maintain optimal operating temperatures, leading to increased demand for Commercial HVAC systems. Furthermore, the integration of IoT technologies in HVAC systems enables remote monitoring, predictive maintenance, and energy efficiency, making them an attractive investment for businesses. However, the market faces formidable competition, with numerous players vying for market share. This intense competition necessitates continuous innovation and differentiation to gain a competitive edge.
Additionally, the integration of new technologies into HVAC systems can pose challenges, such as high implementation costs and the need for specialized expertise. Building management systems and IoT integration facilitate data analytics and remote monitoring, allowing for real-time performance optimization. Companies seeking to capitalize on market opportunities must focus on delivering cost-effective, energy-efficient, and technologically advanced solutions while navigating these challenges effectively. By staying abreast of market trends and addressing customer needs, businesses can position themselves for long-term success in the market.

What will be the Size of the Commercial HVAC Market during the forecast period?

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The market continues to evolve, driven by the need for carbon footprint reduction, improved air filtration, and enhanced indoor air quality. HVAC systems, including air handlers, packaged units, and rooftop units, are being integrated with advanced technologies such as variable speed drives, flow sensors, and demand response programs. These innovations enable energy efficiency, optimized performance, and demand response capabilities. New construction projects and building renovations are embracing sustainable design, adhering to codes and standards, and implementing green building practices. HVAC systems are being modeled and simulated to ensure optimal energy usage and carbon footprint reduction.

Air conditioning systems are being augmented with air filtration and indoor air quality solutions, such as air purifiers, UV air treatment, and humidity sensors. Water systems are being optimized for energy efficiency and carbon footprint reduction through the use of heat pumps and cooling towers. Variable refrigerant flow and VAV systems are gaining popularity for their energy efficiency and ability to adapt to changing environmental conditions. Smart controls and building automation systems are being employed to enhance overall system performance and reduce energy consumption. Carbon dioxide monitoring and temperature sensors are becoming essential components of HVAC systems, ensuring optimal indoor air quality and maintaining a healthy environment for building occupants.

HVAC software and cloud-based platforms are facilitating the integration of these advanced technologies, enabling building owners and operators to make data-driven decisions and maximize their return on investment.

How is this Commercial HVAC Industry segmented?

The commercial HVAC industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Equipment
  Services


Type

  Heat pump
  Furnaces
  Boilers
  Unitary heaters


Technology

  Conventional HVAC systems
  Smart HVAC systems


Variant

  Retrofit and replacement
  New installation


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The Equipment segment is estimated to witness significant growth during the forecast period. HVAC equipment, which includes heating, ventilation, and air conditioning systems, is experiencing significant demand due to the construction boom in the Middle East and Asian economies. In Europe and North America, where harsh winters necessitate heating, underfloor heating (UFH) systems are increasingly popular due to their energy savings and minimal space requirement. Split systems, a type of air conditioning equipment, are also gaining traction due to their energy efficiency and flexibility. Cloud-based platforms and building management systems are revolutio

In 2023, the U.S. HVAC Systems Market reached a value of USD 52.36 billion, and it is projected to surge to USD 79.85 billion by 2030.

In 2023, the Latin America HVAC Systems Market reached a value of USD 6.52 billion, and it is projected to surge to USD 9.14 billion by 2030.

The North American commercial HVAC market is booming, projected to reach $20 billion by 2033, driven by sustainable building trends and technological advancements. Learn about key market drivers, restraints, and leading companies in this comprehensive analysis. Recent developments include: May 2024: Lennox International announced the launch of a new HVAC line that reduces global warming potential ‘by up to 78%’. The new Lennox heating, ventilation, and air conditioning products will offer a comprehensive range of products and will use the environmentally responsible refrigerant R454B, which reduces global warming potential by as much as 78%., April 2024: XNRGY, a North American player providing sustainable HVAC solutions, announced the groundbreaking of its new manufacturing facility in Mesa, Arizona. This groundbreaking ceremony marks the beginning of a four-phase development plan, which will ultimately create an enormous 1 million sq. ft sustainability manufacturing hub in the area.. Key drivers for this market are: Increasing Demand for Retrofitting HVAC in Aging Commercial Buildings, Increase in Construction of Office is Expected to Increase the Demand for Air Conditioning/ Ventillation Equipment. Potential restraints include: Data privacy and security concerns, High installation and maintenance costs. Notable trends are: Increasing Demand for Heating Equipment in Commercial Buildings Will Drive Market Growth.

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