Press release
U.S. Heating, Ventilation, and Air Conditioning (HVAC) Services Market Trends in Industry Statistics by 2020-2030
key players in the market-
Johnson Controls International plc
1. Daikin Industries Ltd.
2. United Technologies Corporation
3. Lennox International Inc
4. Ingersoll-Rand plc
5. Emerson Electric Co
6. Murphy & Miller Inc
In the U.S, the demand for HVAC maintenance and repair, upgradation and replacement, installation, and consulting services is quite high. Amongst these, repair and maintenance services were demanded by a lot of American citizens during till 2019. It has been observed that HVAC systems that go through frequent maintenance and repair activities lead to 20% more savings in energy consumption and exhibit improved functional efficiency. The demand for consulting services for HVAC systems, including thorough inspection by technicians, is expected to register quick growth in demand during the coming years.
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Market Segmentation by Type
Installation
Upgradation/Replacement
Maintenance & Repair
Consulting
Market Segmentation by Equipment Type
Heating
Boilers
Furnaces
Heat pumps
Unitary heaters
Ventilation
Humidifiers/Dehumidifiers
Air cleaners
Ventilation fans
Air handling units (AHU) and fan coil units (FCU)
Cooling
Variable refrigerant flow (VRF)
Ducted split/packaged unit
Split units
Chillers
Room Air Conditioners (ACs)
Market Segmentation by Implementation Type
New Construction
Retrofit Buildings
Market Segmentation by End User
Commercial
Offices and buildings
Supermarkets/hypermarkets
Government
Healthcare
Hospitality
Transportation
Others (include education, data centers, banks, departmental stores, convenience stores, and stadiums)
Industrial
Oil & gas
Food & beverage (F&B)
Automotive
Energy & utilities
Others (include electronics, textile, pharmaceutical, manufacturing, glass, pulp and paper, shipbuilding, machinery, steel, cosmetic, rubber, tobacco, nuclear, toy, and chemical & cement industries)
Residential
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The southern part of the country recorded the largest sale of HVAC services in 2019. This is mainly ascribed to the fact that the cities and towns in the southern part of the country experience varying weather conditions, as compared to those in other regions. This creates a huge need for efficient heating and cooling of residential, industrial, and commercial buildings, which in turn, powers the demand for HVAC systems. As a result, the need for various associated services remains consistently high in this part of the country.
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Therefore, owing to the soaring population level and the resultant rise in the construction of residential buildings as well as the flourishing industrial sector, the demand for HVAC services wound continue to skyrocket in the U.S. in the coming years.
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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