U.S. Hvac Systems Market Size & Outlook, 2023-2030
U.S. hvac systems market, 2018-2030 (US$M)
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U.S. hvac systems market highlights
- The U.S. hvac systems market generated a revenue of USD 30,408.2 million in 2023 and is expected to reach USD 49,697.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, heat pump was the largest revenue generating equipment in 2023.
- Heat Pump is the most lucrative equipment segment registering the fastest growth during the forecast period.
Hvac systems market data book summary
| Market revenue in 2023 | USD 30,408.2 million |
| Market revenue in 2030 | USD 49,697.2 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump, Furnace, Unitary Heaters, Boilers, Air Purifier, Dehumidifier, Air Handling Units, Ventilation Fans, Air Conditioning, Chillers, Cooling Towers |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, U.S. accounted for 13.0% of the global hvac systems market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. hvac systems market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 49,697.2 million by 2030.
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. hvac systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.
Heat pump was the largest segment with a revenue share of 47.34% in 2023. Horizon Databook has segmented the U.S. hvac systems market based on heat pump, furnace, unitary heaters, boilers, air purifier, dehumidifier, air handling units, ventilation fans, air conditioning, chillers, cooling towers covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Department of Agriculture (USDA), the growing population, rising consumer disposable income, and ongoing urbanization are expected to augment the growth of the food & beverages industry in the country in the coming years.
HVAC systems such as heating systems, air conditioners, ventilators, dehumidifiers, and coolers play an important role in keeping relative humidity, temperature, air quality, particulate matter, etc. in the desired range for food & beverage production facilities.
Dehumidifiers are essential in the food & beverages industry for removing the excess amount of humidity that may cause hygiene issues. Snacks, spices, processed meat products, confectionery, etc. require controlled and consistent moisture conditions.
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Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into U.S. hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. hvac systems market size, by equipment, 2018-2030 (US$M)
U.S. HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
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