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U.S. HVAC Services Market Research Report: By Type, Equipment, Implementation, End User - Industry Trends Analysis and Growth Forecast to 2030

  • ID: 5010726
  • Report
  • January 2020
  • Region: United States
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • AmeriCool LLC.
  • CLS Facility Services
  • Daikin Industries Ltd.
  • Dave’s Cooling & Heating
  • Emerson Electric Co.
  • Ingersoll-Rand plc
  • MORE
The biggest factor fuelling the demand for heating, ventilation, and air conditioning (HVAC) services in the U.S. is the booming construction sector in the country, primarily due to the rising population level and increasing urbanization rate. As per the U.S. Census Bureau, the population of the U.S. is set to increase by almost 7% during 2019-2029. As a result, the U.S. HVAC services market is predicted to see an increase in value from $25.6 billion in 2019 to $35.8 billion in 2030 and progress at a CAGR of 3.1% during the forecast period (2020-2030).

In the U.S, the demand for HVAC maintenance and repair, upgradation and replacement, installation, and consulting services is quite high. Amongst these, repair and maintenance services were demanded by a lot of American citizens during till 2019. It has been observed that HVAC systems that go through frequent maintenance and repair activities lead to 20% more savings in energy consumption and exhibit improved functional efficiency. The demand for consulting services for HVAC systems, including thorough inspection by technicians, is expected to register quick growth in demand during the coming years.

HVAC systems are widely used in the industrial, residential, and commercial sectors. Out of these, the highest sale of HVAC services was recorded in the commercial buildings in 2019. This is primarily attributed to the massive surge in the construction of various commercial buildings, especially those pertaining to the hospitality niche. Furthermore, the construction of new commercial spaces in the country is expected to propel the adoption of HVAC systems, thereby boosting the need for installation and maintenance services.

The biggest rage in the U.S. HVAC services market currently is the growing adoption of smart HVAC systems, which has, in turn, massively pushed the demand for associated maintenance and repair services. Additionally, the rapid advancements and innovations in data analytics have fuelled the rise in the demand for streamlined HVAC system processes, exhibiting improved efficiency. For instance, HVAC contractors employ the use of widgets and software, nowadays, in order to collect data, with the help of real-time tracking of the coolants in the HVAC systems.

The southern part of the country recorded the largest sale of HVAC services in 2019. This is mainly ascribed to the fact that the cities and towns in the southern part of the country experience varying weather conditions, as compared to those in other regions. This creates a huge need for efficient heating and cooling of residential, industrial, and commercial buildings, which in turn, powers the demand for HVAC systems. As a result, the need for various associated services remains consistently high in this part of the country.

Therefore, owing to the soaring population level and the resultant rise in the construction of residential buildings as well as the flourishing industrial sector, the demand for HVAC services wound continue to skyrocket in the U.S. in the coming years.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • AmeriCool LLC.
  • CLS Facility Services
  • Daikin Industries Ltd.
  • Dave’s Cooling & Heating
  • Emerson Electric Co.
  • Ingersoll-Rand plc
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Equipment Type
1.3.3 Market Segmentation by Implementation Type
1.3.4 Market Segmentation by End User
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Installation
4.1.1.2 Upgradation/Replacement
4.1.1.3 Maintenance & repair
4.1.1.4 Consulting
4.1.2 By Equipment Type
4.1.2.1 Heating
4.1.2.1.1 Furnaces
4.1.2.1.2 Heat Pumps
4.1.2.1.3 Boilers
4.1.2.1.4 Unitary Heaters
4.1.2.2 Ventilation
4.1.2.2.1 Humidifiers/Dehumidifiers
4.1.2.2.2 Air cleaners
4.1.2.2.3 Ventilation fans
4.1.2.2.4 AHU and FCU
4.1.2.3 Cooling
4.1.2.3.1 VRF
4.1.2.3.2 Ducted split/Packaged unit
4.1.2.3.3 Split units
4.1.2.3.4 Chillers
4.1.2.3.5 Room ACs
4.1.3 By Implementation Type
4.1.3.1 New construction
4.1.3.2 Retrofit buildings
4.1.4 By End User
4.1.4.1 Residential
4.1.4.2 Commercial
4.1.4.2.1 Offices and buildings
4.1.4.2.2 Supermarkets/hypermarkets
4.1.4.2.3 Government
4.1.4.2.4 Healthcare
4.1.4.2.5 Hospitality
4.1.4.2.6 Transportation
4.1.4.2.7 Others
4.1.4.3 Industrial
4.1.4.3.1 Oil & gas
4.1.4.3.2 F&B
4.1.4.3.3 Automotive
4.1.4.3.4 Energy & utilities
4.1.4.3.5 Others
4.1.4.4 Residential
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Growing demand for smart HVAC systems
4.3.2 Drivers
4.3.2.1 Growing construction market
4.3.2.2 Increasing focus toward energy efficiency
4.3.2.3 Impact analysis of drivers on the market forecast
4.3.3 Restraints
4.3.3.1 Shortage of skilled labor and high cost technicians
4.3.3.2 Impact analysis of restraints on the market forecast
4.3.4 Opportunities
4.3.4.1 Growing manufacturing industry
4.3.4.2 Growing demand for annual maintenance contract (AMC) services
4.4 Porter’s Five Forces Analysis

Chapter 5. Global Market Size and Forecast
5.1 By Region

Chapter 6. U.S. Market Size and Forecast
6.1 By Type
6.2 By Equipment Type
6.2.1 Heating, by Type
6.2.2 Ventilation, by Type
6.2.3 Cooling, by Type
6.3 By Implementation Type
6.4 By End User
6.4.1 Commercial, by Type
6.4.2 Industrial, by Type
6.5 By Region

Chapter 7. Competitive Landscape
7.1 Market Share Analysis of Key Players
7.2 Competitive Benchmarking of Key Players

Chapter 8. Company Profiles
8.1 One Hour Heating & Air Conditioning
8.1.1 Business Overview
8.1.2 Product and Service Offerings
8.2 Johnson Controls International plc
8.2.1 Business Overview
8.2.2 Product and Service Offerings
8.2.3 Key Financial Summary
8.3 Daikin Industries Ltd.
8.3.1 Business Overview
8.3.2 Product and Service Offerings
8.3.3 Key Financial Summary
8.4 Lennox International Inc.
8.4.1 Business Overview
8.4.2 Product and Service Offerings
8.4.3 Key Financial Summary
8.5 CLS Facility Services
8.5.1 Business Overview
8.5.2 Product and Service Offerings
8.6 AmeriCool LLC.
8.6.1 Business Overview
8.6.2 Product and Service Offerings
8.7 The BP Group
8.7.1 Business Overview
8.7.2 Product and Service Offerings
8.8 National HVAC Service
8.8.1 Business Overview
8.8.2 Product and Service Offerings
8.9 Murphy & Miller Inc.
8.9.1 Business Overview
8.9.2 Product and Service Offerings
8.10 Ingersoll-Rand plc
8.10.1 Business Overview
8.10.2 Product and Service Offerings
8.10.3 Key Financial Summary
8.11 United Technologies Corporation
8.11.1 Business Overview
8.11.2 Product and Service Offerings
8.11.3 Key Financial Summary
8.12 Emerson Electric Co.
8.12.1 Business overview
8.12.2 Product and service offerings
8.12.3 Key financial summary
8.13 True Cool Air Conditioning Service Inc.
8.13.1 Business Overview
8.13.2 Product and Service Offerings
8.14 Dave’s Cooling & Heating
8.14.1 Business Overview
8.14.2 Product and Service Offerings

Chapter 9. Appendix
9.1 Abbreviations
9.2 Sources and References
9.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 GLOBAL HVAC SERVICES MARKET, BY REGION, $M (2014-2019)
TABLE 5 GLOBAL HVAC SERVICES MARKET, BY REGION, $M (2020-2030)
TABLE 6 U.S. HVAC SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 7 U.S. HVAC SERVICES MARKET, BY TYPE, $M (2020-2030)
TABLE 8 ASHRAE STANDARD 62 ON MINIMUM AIR QUALITY REQUIREMENTS
TABLE 9 U.S. HVAC SERVICES MARKET, BY EQUIPMENT TYPE, $M (2014-2019)
TABLE 10 U.S. HVAC SERVICES MARKET, BY EQUIPMENT TYPE, $M (2020-2030)
TABLE 11 U.S. HEATING SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 12 U.S. HEATING SERVICES MARKET, BY TYPE, $M (2020-2030)
TABLE 13 U.S. VENTILATION SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 14 U.S. VENTILATION SERVICES MARKET, BY TYPE, $M (2020-2030)
TABLE 15 U.S. COOLING SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 16 U.S. COOLING SERVICES MARKET, BY TYPE, $M (2020-2030)
TABLE 17 U.S. HVAC SERVICES MARKET, BY IMPLEMENTATION TYPE, $M (2014-2019)
TABLE 18 U.S. HVAC SERVICES MARKET, BY IMPLEMENTATION TYPE, $M (2020-2030)
TABLE 19 LIST OF NEWLY CONSTRUCTED OR UNDER-CONSTRUCTION STADIUMS ACROSS THE U.S.
TABLE 20 U.S. HVAC SERVICES MARKET, BY END USER, $M (2014-2019)
TABLE 21 U.S. HVAC SERVICES MARKET, BY END USER, $M (2020-2030)
TABLE 22 U.S. COMMERCIAL HVAC SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 23 U.S. COMMERCIAL HVAC SERVICES MARKET, BY TYPE, $M (2020-2030)
TABLE 24 U.S. INDUSTRIAL HVAC SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 25 U.S. INDUSTRIAL HVAC SERVICES MARKET, BY TYPE, $M (2020-2030)
TABLE 26 U.S. HVAC SERVICES MARKET, BY REGION, $M (2014-2019)
TABLE 27 U.S. HVAC SERVICES MARKET, BY REGION, $M (2020-2030)
TABLE 28 COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 29 ONE HOUR HEATING & AIR CONDITIONING - AT A GLANCE
TABLE 30 JOHNSON CONTROLS INTERNATIONAL PLC - AT A GLANCE
TABLE 31 JOHNSON CONTROLS INTERNATIONAL PLC - KEY FINANCIAL SUMMARY
TABLE 32 DAIKIN INDUSTRIES LTD. - AT A GLANCE
TABLE 33 DAIKIN INDUSTRIES LTD. - KEY FINANCIAL SUMMARY
TABLE 34 LENNOX INTERNATIONAL INC.- AT A GLANCE
TABLE 35 LENNOX INTERNATIONAL INC. - KEY FINANCIAL SUMMARY
TABLE 36 CLS FACILITY SERVICES - AT A GLANCE
TABLE 37 AMERICOOL LLC - AT A GLANCE
TABLE 38 THE BP GROUP - AT A GLANCE
TABLE 39 NATIONAL HVAC SERVICE - AT A GLANCE
TABLE 40 MURPHY & MILLER INC. - AT A GLANCE
TABLE 41 INGERSOLL-RAND PLC- AT A GLANCE
TABLE 42 INGERSOLL-RAND PLC - KEY FINANCIAL SUMMARY
TABLE 43 UNITED TECHNOLOGIES CORPORATION - AT A GLANCE
TABLE 44 UNITED TECHNOLOGIES CORPORATION - KEY FINANCIAL SUMMARY
TABLE 45 EMERSON ELECTRIC CO. - AT A GLANCE
TABLE 46 EMERSON ELECTRIC CO. - KEY FINANCIAL SUMMARY
TABLE 47 TRUE COOL AIR CONDITIONING SERVICE INC. - AT A GLANCE
TABLE 48 DAVE’S COOLING & HEATING - AT A GLANCE

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 7 DATA TRIANGULATION APPROACH
FIG 8 U.S. HVAC SERVICES MARKET SUMMARY
FIG 9 VALUE CHAIN ANALYSIS
FIG 10 BARGAINING POWER OF BUYERS
FIG 11 BARGAINING POWER OF SUPPLIERS
FIG 12 INTENSITY OF RIVALRY
FIG 13 THREAT OF NEW ENTRANTS
FIG 14 THREAT OF SUBSTITUTES
FIG 15 GLOBAL RISE IN TEMPERATURE (1980-2019)
FIG 16 GLOBAL HVAC SERVICES MARKET, BY REGION, $M (2014-2030)
FIG 17 U.S. HVAC SERVICES MARKET SNAPSHOT
FIG 18 U.S. HVAC SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 19 U.S. HVAC SERVICES MARKET, BY EQUIPMENT TYPE, $M (2014-2030)
FIG 20 U.S. HEATING SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 21 U.S. VENTILATION SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 22 U.S. COOLING SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 23 U.S. HVAC SERVICES MARKET, BY IMPLEMENTATION TYPE, $M (2014-2030)
FIG 24 U.S. HVAC SERVICES MARKET, BY END USER, $M (2014-2030)
FIG 25 U.S. COMMERCIAL HVAC SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 26 U.S. INDUSTRIAL HVAC SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 27 U.S. HVAC SERVICES MARKET SNAPSHOT, BY REGION
FIG 28 U.S. HVAC SERVICES MARKET, BY REGION, $M (2014-2030)
FIG 29 MARKET SHARE ANALYSIS OF KEY PLAYERS (2018)
FIG 30 JOHNSON CONTROLS INTERNATIONAL PLC - REVENUE SPLIT BY SEGMENT & GEOGRAPHY (2019)
FIG 31 DAIKIN INDUSTRIES LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 32 LENNOX INTERNATIONAL INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 33 INGERSOLL-RAND PLC - BY SEGMENT AND GEOGRAPHY (2018)
FIG 34 UNITED TECHNOLOGIES CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 35 EMERSON ELECTRIC CO. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
Note: Product cover images may vary from those shown
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  • One Hour Heating & Air Conditioning
  • Johnson Controls International plc
  • Daikin Industries Ltd.
  • Lennox International Inc.
  • CLS Facility Services
  • AmeriCool LLC.
  • The BP Group
  • National HVAC Service
  • Murphy & Miller Inc.
  • Ingersoll-Rand plc
  • United Technologies Corporation
  • Emerson Electric Co.
  • rue Cool Air Conditioning Service Inc.
  • Dave’s Cooling & Heating
Note: Product cover images may vary from those shown
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