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

  • ID: 5201163
  • Report
  • September 2020
  • Region: United States
  • 123 pages
  • 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.
  • Lennox International Inc.
  • MORE
In 2019, the U.S. HVAC (heating, ventilation, and air conditioning) service market generated a revenue of $25,625.8 million and is predicted to progress at a CAGR of 3.1% between 2020 and 2030. Furthermore, the market would reach a valuation of $35,714.5 million in 2030. The increasing focus on environmental sustainability and green energy is pushing up the requirement for HVAC systems and services. In addition to this, the increasing construction and infrastructural development activities in the country are fueling the market advancement.

The COVID-19 pandemic has completely transformed the way people go about their daily lives. With strict social distancing becoming highly essential for controlling the spread of the virus, many HVAC companies are witnessing extremely slow revenue generation and even negative growth rates in some countries.

Depending on type, the U.S. HVAC service market is divided into consulting, installation, maintenance & repair, and upgradation/replacement. Out of these, the upgradation/replacement category recorded the highest growth in the market in the past. In the future years, the consulting category is predicted to demonstrate the highest growth rate in the market in the forthcoming years. Visual inspection is included in consulting services and it is conducted by a HVAC technician, who identifies and detects the potential issues and problems in the HVAC system before recommending it for thorough maintenance.

When the equipment type is taken into consideration, the U.S. HVAC service market is classified into heating, ventilation, and cooling. Amongst these, the ventilation category is predicted to demonstrate the fastest growth in the market in the future years. The latest amendment of 2016, the Standard 62.2-2016 developed by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) states the acceptable IAQ levels that need to be maintained in the commercial and residential buildings. The mandatory maintenance of a minimum IAQ in the U.S. is boosting the sales of air cleaners in the country.

In the U.S., the southern region recorded the highest revenue growth in the U.S. HVAC service market in the years gone by. This was because of the fact that the climate varies a lot in the southern cities as compared to the cities located in the other parts of the country. The presence of such varying weather conditions positively impacts the sales of HVAC systems. This, in turn, pushes up the demand for HVAC services. Many areas located in the southern part of the country are offering lucrative growth opportunities to the market players, who can now set up their operations in these areas for gaining a competitive edge in the market.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • AmeriCool LLC
  • CLS Facility Services
  • Daikin Industries Ltd.
  • Dave’s Cooling & Heating
  • Emerson Electric Co.
  • Lennox International Inc.
  • 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 AHUs and FCUs
4.1.2.3 Cooling
4.1.2.3.1 VRF systems
4.1.2.3.2 Ducted splits/packaged units
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 Food & beverage
4.1.4.3.3 Automotive
4.1.4.3.4 Energy & utilities
4.1.4.3.5 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Rising demand for smart HVAC systems
4.3.2 Drivers
4.3.2.1 Growing construction industry
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 technician cost
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 Increasing demand for annual maintenance contract (AMC) services
4.4 Impact of COVID-19 on U.S. HVAC Services Market
4.4.1 Global Share by Countries
4.4.1.1 Contribution of countries toward global manufacturing output
4.4.1.2 Contribution of countries toward global export and import (2019)
4.4.1.2.1 Top 20 countries by export ($B)
4.4.1.2.2 Top 20 countries by import ($B)
4.4.2 Global Scenario of COVID-19 Impact
4.4.2.1 Gross domestic product (GDP): Global scenario
4.4.2.1.1 GDP growth rate (2019)
4.4.2.1.2 GDP growth rate (2020)
4.4.2.1.3 GDP growth rate projection for 2021
4.4.2.2 Assessment of COVID-19 impact on GDP and economic forecast
4.4.2.3 Assessment of COVID-19 impact on workforce across various sectors
4.4.3 COVID-19 Scenario
4.4.4 Future Scenario
4.5 Porter’s Five Forces Analysis

Chapter 5. U.S. Market Size and Forecast
5.1 By Type
5.2 By Equipment Type
5.2.1 Heating, by Type
5.2.2 Ventilation, by Type
5.2.3 Cooling, by Type
5.3 By Implementation Type
5.4 By End User
5.4.1 Commercial, by Type
5.4.2 Industrial, by Type
5.5 By Region

Chapter 6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Competitive Benchmarking of Key Players
6.3 Strategic Developments of Market Players
6.3.1 Mergers & Acquisitions
6.3.2 Partnerships

Chapter 7. Company Profiles
7.1 One Hour Heating & Air Conditioning
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.2 Johnson Controls International plc
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Key Financial Summary
7.3 Daikin Industries Ltd.
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.3.3 Key Financial Summary
7.4 Lennox International Inc.
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.4.3 Key Financial Summary
7.5 CLS Facility Services
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 AmeriCool LLC
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 The BP Group
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.8 National HVAC Service
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.9 Murphy & Miller Inc.
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.10 Trane Technologies plc
7.10.1 Business Overview
7.10.2 Product and Service Offerings
7.10.3 Key Financial Summary
7.11 Carrier Global Corporation
7.11.1 Business Overview
7.11.2 Product and Service Offerings
7.11.3 Key Financial Summary
7.12 Emerson Electric Co.
7.12.1 Business Overview
7.12.2 Product and Service Offerings
7.12.3 Key Financial Summary
7.13 True Cool Air Conditioning Service Inc.
7.13.1 Business Overview
7.13.2 Product and Service Offerings
7.14 Dave’s Cooling & Heating
7.14.1 Business Overview
7.14.2 Product and Service Offerings

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports
List of Table
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 ASSESSMENT OF COVID-19 IMPACT ON GDP AND EXONOMIC FORECAST
TABLE 5 COVID-19 IMPACT ANALYSIS ON DIFFERENT SECTORS
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 NEWLY CONSTRUCTED OR UNDER-CONSTRUCTION STADIUMS ACROSS 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 TRANE TECHNOLOGIES PLC - AT A GLANCE
TABLE 42 TRANE TECHNOLOGIES PLC - KEY FINANCIAL SUMMARY
TABLE 43 CARRIER GLOBAL CORPORATION - AT A GLANCE
TABLE 44 CARRIER GLOBAL 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 CONTRIBUTION OF COUNTRIES IN GLOBAL PRODUCTION (2019)
FIG 11 TOP 20 COUNTRIES BY EXPORT ($B)
FIG 12 TOP 20 COUNTRIES BY IMPORT ($B)
FIG 13 GDP GROWTH RATE (2019)
FIG 14 GDP GROWTH RATE (2020)
FIG 15 GDP GROWTH RATE PROJECTION (2021)
FIG 16 BARGAINING POWER OF BUYERS
FIG 17 BARGAINING POWER OF SUPPLIERS
FIG 18 INTENSITY OF RIVALRY
FIG 19 THREAT OF NEW ENTRANTS
FIG 20 THREAT OF SUBSTITUTES
FIG 21 U.S. HVAC SERVICES MARKET SNAPSHOT
FIG 22 U.S. HVAC SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 23 U.S. HVAC SERVICES MARKET, BY EQUIPMENT TYPE, $M (2014-2030)
FIG 24 U.S. HEATING SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 25 U.S. VENTILATION SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 26 U.S. COOLING SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 27 U.S. HVAC SERVICES MARKET, BY IMPLEMENTATION TYPE, $M (2014-2030)
FIG 28 U.S. HVAC SERVICES MARKET, BY END USER, $M (2014-2030)
FIG 29 U.S. COMMERCIAL HVAC SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 30 U.S. INDUSTRIAL HVAC SERVICES MARKET, BY TYPE, $M (2014-2030)
FIG 31 U.S. MAJOR REGIONAL MARKETS FOR HVAC SERVICES
FIG 32 U.S. HVAC SERVICES MARKET, BY REGION, $M (2014-2030)
FIG 33 MARKET SHARE ANALYSIS OF KEY PLAYERS (2019)
FIG 34 JOHNSON CONTROLS INTERNATIONAL PLC - REVENUE SPLIT BY SEGMENT (2018)
FIG 35 DAIKIN INDUSTRIES LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 36 LENNOX INTERNATIONAL INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 37 TRANE TECHNOLOGIES PLC - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 38 CARRIER GLOBAL CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 39 EMERSON ELECTRIC CO. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
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.
  • Trane Technologies plc
  • Carrier Global Corporation
  • Emerson Electric Co.
  • True Cool Air Conditioning Service Inc.
  • Dave’s Cooling & Heating
Note: Product cover images may vary from those shown
4 of 4

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