HVAC in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- HVAC stands for heating, ventilation, and air conditioning. It refers to the mechanisms that control and distribute heated and cooled air in residential, industrial, and commercial structures, including workplaces, residences, and indoor stadiums.
- The North American HVAC market recorded revenues of $53.1 billion in 2024, representing a compound annual growth rate (CAGR) of 3.5% between 2019 and 2024.
- The commercial segment accounted for the market's largest proportion in 2024, with total revenues of $20.1 billion, equivalent to 37.9% of the market's overall value.
- The rise in mega infrastructure projects is a key driver for the North American HVAC market, as large commercial complexes, airports, and industrial facilities require sophisticated heating, ventilation, and air conditioning systems for optimal climate control and energy efficiency. Construction projects of large airports, such as the Los Angeles International Airport (LAX) Expansion in the US and the Ontario Line in Canada, are fueling demand for advanced HVAC solutions to maintain air quality and ensure comfort in expansive indoor spaces.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hvac market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hvac market in North America
- Leading company profiles reveal details of key hvac market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America hvac market with five year forecasts
Reasons to Buy
- What was the size of the North America hvac market by value in 2024?
- What will be the size of the North America hvac market in 2029?
- What factors are affecting the strength of competition in the North America hvac market?
- How has the market performed over the last five years?
- Who are the top competitiors in North America's hvac market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Johnson Controls International Plc
- Carrier Global Corp
- Daikin Industries Ltd
- Lennox International Inc
