Press release
United States HVAC Services Market 2022 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2026
The United States HVAC Services Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the United States HVAC Services market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the United States HVAC Services market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the United States HVAC Services market.The United States HVAC services market was valued at USD 11.45 billion in 2020, and it is expected to reach USD 16.56 billion by 2026, registering a CAGR of 6.4%, during the period of 2021-2026.
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Top Leading Companies of United States HVAC Services Market are - EMCOR Services, Southland Industrial Energy, J&J Air Conditioning Services, United Mechanical, ACCO Engineered Systems, National HVAC Services and others.
Industry News and Updates:
- November 2019: EMCOR Group Inc. announced that it completed the acquisition of Batchelor & Kimball Inc., a leading full-service provider of mechanical construction and maintenance services. BKI has designed, installed, constructed, and maintained the HVAC and plumbing systems in a wide variety of projects for all types of non-residential facilities, including hospitals, laboratories, data centers, schools, airports, and office buildings.
Key Market Trends:
Industrial and Commercial Segment to Grow Significantly
- Energy consumption in manufacturing facilities and commercial buildings account for nearly half of all energy consumed in the United States, costing approximately USD 200 billion per year. HVAC services are witnessing growth, owing to the increasing need to install and maintain the existing system's energy efficiency.
- Commercial HVAC units require a significant amount of space and are generally located on the rooftops of buildings, such as shopping malls, hotels, big restaurants, theaters, and commercial offices. Awareness about the impact of the indoor environment on the way people think, feel, and act has triggered the trend of building wellness, thereby impacting the growth of HVAC services in offices, hotels, and other commercial spaces.
New Installations Segment is Expected to Contribute to the Growth
- In recent years, the demand for HVAC services has been on the rise, owing to the rise in construction activities in the residential, commercial, and industrial sectors. According to data from the Associated General Contractors of America, construction expenditure hit an adjusted annual rate of USD 1.329 trillion during the first eight months of 2018.
- According to the U.S. Census Bureau in April 2020, despite the COVID-19 situation, the construction spending in the region remained strong. It was estimated at an adjusted annual rate of USD 1,346.2 billion, with a 3% increase as compared to USD 1,307.1 billion in April 2019.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- United States HVAC Services Market Size & Analysis (2016 - 2026)
- Market Share Analysis of United States HVAC Services Market (%),2016 - 2026
- United States HVAC Services Market Share, By Brand
- United States HVAC Services Market Share, By Company
- United States HVAC Services Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies United States HVAC Services Market Value Analysis & Forecast
- Promising United States HVAC Services Development by Major Companies
- Detailed United States HVAC Services Portfolio of the Major Companies
- Major Deals in the United States HVAC Services Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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