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U.S. HVAC Service Market Predicted to Reach Over $35,000.0 Million Revenue by 2030

u s hvac service market predicted to reach over 35000 0 million revenue by 2030

Oct 23, 2020 11:15 AM ET
U.S. HVAC Service Ma

iCrowd Newswire – Oct 23, 2020

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.

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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. 

This market research report provides a comprehensive overview of the U.S. HVAC service market

  • Historical and the present size of the U.S. HVAC service market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

The major players operating in the U.S. HVAC service market are Dave’s Cooling & Heating, True Cool Air Conditioning Service Inc., One Hour Heating & Air Conditioning, AmeriCool LLC, Johnson Controls International plc, Emerson Electric Co., Carrier Global Corporation, National HVAC Service, Daikin Industries Ltd., Trane Technologies plc, The BP Group, Lennox International Inc, Murphy & Miller Inc, and CLS Facility Services.

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The research includes detailed analysis of;

Based on Type

  • Installation
  • Upgradation/Replacement
  • Maintenance & Repair
  • Consulting

Based on Equipment Type

  • Heating
    • * Boilers
    • * Furnaces
    • * Heat pumps
    • * Unitary heaters
  • Ventilation
    • * Humidifiers/dehumidifiers
    • * Air cleaners
    • * Ventilation fans
    • * Air handling units (AHUs) and fan coil units (FCUs)
  • Cooling
    • * Variable refrigerant flow (VRF) systems
    • * Ducted splits/packaged units
    • * Split units
    • * Chillers
    • * Room air conditioners (ACs)

Based on Implementation Type

  • New Construction
  • Retrofit Buildings

Based on End User

  • Commercial
    • * Offices and buildings
    • * Supermarkets/hypermarkets
    • * Government
    • * Healthcare
    • * Hospitality
    • * Transportation
  • Industrial
    • * Oil & gas
    • * Food & beverage
    • * Automotive
    • * Energy & utilities
  • Residential

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