North America HVAC Services Market To Reach $50.36 Billion By 2030

North America HVAC Services Market Growth & Trends

The North America HVAC services market size is anticipated to reach USD 50.36 billion by 2030 and is expected to grow at a CAGR of 4.3% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is primarily driven by factors such as the increasing demand for energy-efficient systems, the rising focus on sustainability, and the rapid urbanization in both the residential and commercial sectors. As environmental concerns grow, there is a shift toward energy-efficient and eco-friendly HVAC solutions, including systems that reduce energy consumption and carbon footprints.

The market presents numerous opportunities due to the increasing integration of smart technologies in HVAC systems. Smart thermostats, IoT-enabled systems, and advanced sensors are becoming popular, offering greater control over energy consumption and enhancing system efficiency. This presents opportunities for companies to innovate and expand their product offerings with connected technologies that cater to both residential and commercial markets. Additionally, the growing trend of smart buildings, with the integration of automation and energy management systems, is creating a high demand for advanced HVAC solutions, thus opening up new avenues for market growth.

Regulatory frameworks in North America are shaping the HVAC services market, particularly through energy efficiency standards and environmental regulations. Governments are imposing stricter standards on building codes, which require the installation of energy-efficient HVAC systems. Various green building certifications, such as LEED (Leadership in Energy and Environmental Design), are encouraging the adoption of sustainable technologies. Additionally, refrigerant regulations, such as those under the Montreal Protocol, are pushing for the phase-out of high-global warming potential (GWP) refrigerants, which is driving the adoption of more eco-friendly refrigerants in HVAC systems.

Top players in the North America HVAC services industry are focusing on strategic initiatives such as acquisitions, partnerships, and product innovations to maintain competitive advantage. Leading companies are investing in advanced technologies, such as AI and machine learning, to improve the efficiency of HVAC systems and reduce maintenance costs. Many players are also emphasizing service offerings such as installation, repair, and maintenance to expand their market share. For instance, in June 2023, American Residential Services LLC. expanded its national footprint in California with the acquisition of Tarpy Plumbing, Heating & Air, which is a company based in California. Throughout Southern California, the Tarpy Plumbing, Heating & Air offers home heating, cooling, and plumbing services. It has 40 installations, service, and sales vehicles on the road.

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North America HVAC Services Market Report Highlights

• Based on service, the repair & replacement segment dominated the market in 2024, driven by the need to maintain aging HVAC systems and upgrade them to meet higher energy efficiency standards. The extended lifespan of older systems, combined with the growing importance of system performance, has resulted in sustained demand for these services.

• Based on equipment, the heat pump segment led the market in 2024. The ability of these pumps to provide both heating and cooling efficiently makes them highly sought after for a variety of applications. Environmental concerns and government incentives that promote energy-efficient solutions have further fueled their widespread adoption.

• Growth of the residential end use segment is driven by a rising preference for energy-efficient HVAC systems in new homes and renovation projects. Homeowners are increasingly prioritizing comfort, air quality, and lower utility bills, boosting demand in this segment.

• Based on country, the U.S. dominated the market in 2024, fueled by the growing demand for energy-efficient systems and the need for climate control in residential and commercial spaces. With increasing summer temperatures, the need for air conditioning has surged, leading to higher adoption of HVAC systems.

• In August 2025, The RISE Group, Inc. announced the acquisition of DG Service Company to expand its mechanical/HVAC/refrigeration capabilities in the New England region. DG Service, a firm based in Massachusetts, U.S., specializes in heating, air conditioning, and refrigeration systems with a focus on heat pump technology, and will continue to be led by co-founder Grace Knox post-acquisition.

North America HVAC Services Market Segmentation

Grand View Research, Inc. has segmented the North America HVAC services market based on service, equipment, end-use, and country:

North America HVAC Service Outlook (Revenue, USD Million, 2018 - 2030)

• Installation

• Maintenance

• Repair & Replacement

North America HVAC Services Equipment Outlook (Revenue, USD Million, 2018 - 2030)

• Heat Pump

• Furnace

• Boilers

• Air Purifier

• Dehumidifier

• Air Handling Units

• Ventilation Fans

• Air Conditioning

• Chillers

• Others

North America HVAC Services End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

• Industrial

North America HVAC Services Country Outlook (Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Mexico

List of Key Players in the North America HVAC Services Market

• DAIKIN INDUSTRIES, Ltd.

• Trane

• Lennox International, Inc.

• Carrier

• Johnson Controls

• Air Mechanical Services LLC

• EMCOR Group Inc.

• Ferguson Enterprises, LLC

• Honeywell International Inc.

• Canada HVAC

• UNITED BUILDING SOLUTIONS