United States HVAC Market Report and Forecast 2025-2034

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.

United States HVAC Market Growth

The demand for furnaces in the United States HVAC market is driven by a combination of climatic necessity, technological advancement, economic consideration, and established fuel supply infrastructure.

Furnaces represent the predominant heating equipment in residential buildings, operating on various fuels like propane, electricity, natural gas, or oil. Furnaces, through heat transfer between indoor and outdoor spaces, offer both cooling and heating functionalities. While geothermal heat pumps boast higher efficiency despite requiring substantial initial investments, air-source heat pumps are more common in moderate climates.

In February 2024, Midea, a notable innovator in theHVAC industry, launched its primary national showroom and distribution hub in Queens, New York. This underscores Midea's commitment to broadening access to heat pump technology, aiming to seamlessly integrate it into American homes.

Heat pumps play a pivotal role in HVAC systems, providing efficient heating and cooling solutions for residential, commercial, and industrial settings. Renowned for their energy efficiency compared to conventional systems, they transfer heat rather than generate it, resulting in lower energy consumption. Modern heat pumps are engineered to operate effectively year-round, offering cooling in summers and warmth in winters, translating to significant savings on energy bills for homeowners and businesses.

United States HVAC Industry Segmentation

United States HVAC Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Equipment

• Heating _x000D_ _x000D_ Heat Pumps _x000D_ Furnaces _x000D_ Unitary Heaters _x000D_ _x000D_
• Heating _x000D_ _x000D_ Heat Pumps _x000D_ Furnaces _x000D_ Unitary Heaters _x000D_ _x000D_
• Ventilation _x000D_ _x000D_ Air-Handling Units _x000D_ Air Filters and Purifiers _x000D_ Ventilation Fans _x000D_ Dehumidifiers and Humidifiers _x000D_ Others _x000D_ _x000D_
• Cooling _x000D_ _x000D_ Unitary Air Conditioners _x000D_ VRF Systems _x000D_ Chillers _x000D_ Coolers _x000D_ Cooling Towers _x000D_ Others _x000D_ _x000D_
• Ventilation _x000D_ _x000D_ Air-Handling Units _x000D_ Air Filters and Purifiers _x000D_ Ventilation Fans _x000D_ Dehumidifiers and Humidifiers _x000D_ Others _x000D_ _x000D_
• Heating _x000D_ _x000D_ Heat Pumps _x000D_ Furnaces _x000D_ Unitary Heaters _x000D_ _x000D_
• Ventilation _x000D_ _x000D_ Air-Handling Units _x000D_ Air Filters and Purifiers _x000D_ Ventilation Fans _x000D_ Dehumidifiers and Humidifiers _x000D_ Others _x000D_ _x000D_
• Cooling _x000D_ _x000D_ Unitary Air Conditioners _x000D_ VRF Systems _x000D_ Chillers _x000D_ Coolers _x000D_ Cooling Towers _x000D_ Others _x000D_ _x000D_
• Cooling _x000D_ _x000D_ Unitary Air Conditioners _x000D_ VRF Systems _x000D_ Chillers _x000D_ Coolers _x000D_ Cooling Towers _x000D_ Others _x000D_ _x000D_
• Heating _x000D_ _x000D_ Heat Pumps _x000D_ Furnaces _x000D_ Unitary Heaters _x000D_ _x000D_
• Ventilation _x000D_ _x000D_ Air-Handling Units _x000D_ Air Filters and Purifiers _x000D_ Ventilation Fans _x000D_ Dehumidifiers and Humidifiers _x000D_ Others _x000D_ _x000D_
• Cooling _x000D_ _x000D_ Unitary Air Conditioners _x000D_ VRF Systems _x000D_ Chillers _x000D_ Coolers _x000D_ Cooling Towers _x000D_ Others _x000D_ _x000D_

Market Breakup by Implementation Type

• New Constructions
• Retrofits

Market Breakup by End Use

• Residential
• Commercial
• Industrial

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountains
• Far West

United States HVAC Market Share

Residential HVAC systems offer year-round comfort with energy-efficient heating, ventilation, and air conditioning, improving indoor air quality and enabling convenient temperature control. These systems elevate home resale values, emphasising comfort and energy conservation. Commercial HVAC systems prioritise indoor comfort, boosting productivity and customer satisfaction while emphasising energy efficiency and regulatory compliance, promoting sustainability and a healthy work environment.

Leading Companies in the United States HVAC Market

• Lennox International Inc
• Carrier Global Corporation
• DAIKIN INDUSTRIES, Ltd
• Johnson Controls International plc.
• Robert Bosch GmbH
• LG Electronics Inc.
• Nortek Global HVAC LLC
• Mitsubishi Electric Corporation
• Midea Group Co. Ltd.
• Fujitsu General Ltd.
• Trane Technologies International Limited
• Others

The company excels in crafting and producing an extensive array of products and solutions spanning automotive technology, industrial equipment, consumer goods, and energy and building technology sectors.

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