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HVAC

PUBLISHER: Grand View Research | PRODUCT CODE: 1728016

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PUBLISHER: Grand View Research | PRODUCT CODE: 1728016

North America HVAC Services Market Size, Share & Trends Analysis Report By Service (Installation, Maintenance, Repair & Replacement), By Equipment, By End-use (Residential, Commercial, Industrial), By Country, And Segment Forecasts, 2025 - 2030

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Description

Table of Contents

List of Tables

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.

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.
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Product Code: GVR-4-68040-545-7

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation and Scope
  • 1.2. Market Definitions
  • 1.3. Research Methodology
  • 1.4. Information Procurement
    • 1.4.1. Purchased Database
    • 1.4.2. GVR's Internal Database
    • 1.4.3. Secondary Sources
    • 1.4.4. Third Party Perspective
    • 1.4.5. Information Analysis
  • 1.5. Information Analysis
    • 1.5.1. Data Analysis Models
    • 1.5.2. Market Formulation & Data Visualization
    • 1.5.3. Data Validation & Publishing
  • 1.6. Research Scope and Assumptions
    • 1.6.1. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
  • 2.3. Competitive Insights

Chapter 3. North America HVAC Services Market Variables, Trends, & Scope

  • 3.1. Market Concentration & Growth Prospect Mapping
  • 3.2. Industry Value Chain Analysis
  • 3.3. Technology Analysis
  • 3.4. Regulatory Framework
  • 3.5. Vendor Matrix
  • 3.6. Market Dynamics
    • 3.6.1. Market Drivers Analysis
    • 3.6.2. Market Restraints Analysis
    • 3.6.3. Market Opportunity Analysis
    • 3.6.4. Market Challenge Analysis
  • 3.7. North America HVAC Services Market Analysis Tools
    • 3.7.1. Porter's Analysis
      • 3.7.1.1. Bargaining power of the suppliers
      • 3.7.1.2. Bargaining power of the buyers
      • 3.7.1.3. Threats of substitution
      • 3.7.1.4. Threats from new entrants
      • 3.7.1.5. Competitive rivalry
    • 3.7.2. PESTEL Analysis
      • 3.7.2.1. Political landscape
      • 3.7.2.2. Economic and Social Landscape
      • 3.7.2.3. Technological landscape
      • 3.7.2.4. Environmental landscape
      • 3.7.2.5. Legal landscape
  • 3.8. Economic Mega Trend Analysis

Chapter 4. North America HVAC Services Market: Service Estimates & Trend Analysis

  • 4.1. Segment Dashboard
  • 4.2. North America HVAC Services Market: Service Movement Analysis, 2024 & 2030 (USD Million)
  • 4.3. Installation
    • 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.4. Maintenance
    • 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.5. Repair & Replacement
    • 4.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. North America HVAC Services Market: Equipment Estimates & Trend Analysis

  • 5.1. Segment Dashboard
  • 5.2. North America HVAC Services Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
  • 5.3. Heat Pump
    • 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.4. Furnace
    • 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.5. Boilers
    • 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.6. Air Purifier
    • 5.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.7. Dehumidifier
    • 5.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.8. Air Handling Units
    • 5.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.9. Ventilation Fans
    • 5.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.10. Air Conditioning
    • 5.10.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.11. Chillers
    • 5.11.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.12. Others
    • 5.12.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. North America HVAC Services Market: End Use Estimates & Trend Analysis

  • 6.1. Segment Dashboard
  • 6.2. North America HVAC Services Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
  • 6.3. Residential
    • 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4. Commercial
    • 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.5. Industrial
    • 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. North America HVAC Services Market: Country Estimates & Trend Analysis

  • 7.1. U.S.
    • 7.1.1. U.S. HVAC Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 7.1.2. U.S. HVAC Services Market Estimates and Forecasts by Service, 2018 - 2030 (USD Million)
    • 7.1.3. U.S. HVAC Services Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
    • 7.1.4. U.S. HVAC Services Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
  • 7.2. Canada
    • 7.2.1. Canada HVAC Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 7.2.2. Canada HVAC Services Market Estimates and Forecasts by Service, 2018 - 2030 (USD Million)
    • 7.2.3. Canada HVAC Services Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
    • 7.2.4. Canada HVAC Services Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
  • 7.3. Mexico
    • 7.3.1. Mexico HVAC Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 7.3.2. Mexico HVAC Services Market Estimates and Forecasts by Service, 2018 - 2030 (USD Million)
    • 7.3.3. Mexico HVAC Services Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
    • 7.3.4. Mexico HVAC Services Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

  • 8.1. Recent Developments & Impact Analysis by Key Market Participants
  • 8.2. Company Categorization
  • 8.3. Company Market Positioning
  • 8.4. Company Market Share Analysis, 2024
  • 8.5. Company Heat Map Analysis, 2024
  • 8.6. Strategy Mapping
  • 8.7. Company Profiles
    • 8.7.1. DAIKIN INDUSTRIES, Ltd.
      • 8.7.1.1. Participant's Overview
      • 8.7.1.2. Financial Performance
      • 8.7.1.3. Product Benchmarking
      • 8.7.1.4. Strategic Initiatives
    • 8.7.2. Trane
      • 8.7.2.1. Participant's Overview
      • 8.7.2.2. Financial Performance
      • 8.7.2.3. Product Benchmarking
      • 8.7.2.4. Strategic Initiatives
    • 8.7.3. Lennox International, Inc.
      • 8.7.3.1. Participant's Overview
      • 8.7.3.2. Financial Performance
      • 8.7.3.3. Product Benchmarking
      • 8.7.3.4. Strategic Initiatives
    • 8.7.4. Carrier
      • 8.7.4.1. Participant's Overview
      • 8.7.4.2. Financial Performance
      • 8.7.4.3. Product Benchmarking
      • 8.7.4.4. Strategic Initiatives
    • 8.7.5. Johnson Controls
      • 8.7.5.1. Participant's Overview
      • 8.7.5.2. Financial Performance
      • 8.7.5.3. Product Benchmarking
      • 8.7.5.4. Strategic Initiatives
    • 8.7.6. Air Mechanical Services LLC
      • 8.7.6.1. Participant's Overview
      • 8.7.6.2. Financial Performance
      • 8.7.6.3. Product Benchmarking
      • 8.7.6.4. Strategic Initiatives
    • 8.7.7. EMCOR Group Inc.
      • 8.7.7.1. Participant's Overview
      • 8.7.7.2. Financial Performance
      • 8.7.7.3. Product Benchmarking
      • 8.7.7.4. Strategic Initiatives
    • 8.7.8. Ferguson Enterprises, LLC
      • 8.7.8.1. Participant's Overview
      • 8.7.8.2. Financial Performance
      • 8.7.8.3. Product Benchmarking
      • 8.7.8.4. Strategic Initiatives
    • 8.7.9. Honeywell International Inc.
      • 8.7.9.1. Participant's Overview
      • 8.7.9.2. Financial Performance
      • 8.7.9.3. Product Benchmarking
      • 8.7.9.4. Strategic Initiatives
    • 8.7.10. Canada HVAC
      • 8.7.10.1. Participant's Overview
      • 8.7.10.2. Financial Performance
      • 8.7.10.3. Product Benchmarking
      • 8.7.10.4. Strategic Initiatives
    • 8.7.11. UNITED BUILDING SOLUTIONS
      • 8.7.11.1. Participant's Overview
      • 8.7.11.2. Financial Performance
      • 8.7.11.3. Product Benchmarking
      • 8.7.11.4. Strategic Initiatives
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Product Code: GVR-4-68040-545-7

List of Tables

  • Table 1. North America HVAC Services Market Estimates and Forecasts, by Service, 2018 - 2030 (USD Million)
  • Table 2. North America HVAC Services Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
  • Table 3. North America HVAC Services Market Estimates and Forecasts, by Equipment, 2018 - 2030 (USD Million)
  • Table 4. U.S. HVAC Services Market Estimates and Forecasts, by Service, 2018 - 2030 (USD Million)
  • Table 5. U.S. HVAC Services Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
  • Table 6. U.S. HVAC Services Market Estimates and Forecasts, by Equipment, 2018 - 2030 (USD Million)
  • Table 7. Canada HVAC Services Market Estimates and Forecasts, by Service, 2018 - 2030 (USD Million)
  • Table 8. Canada HVAC Services Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
  • Table 9. Canada HVAC Services Market Estimates and Forecasts, by Equipment, 2018 - 2030 (USD Million)
  • Table 10. Mexico HVAC Services Market Estimates and Forecasts, by Service, 2018 - 2030 (USD Million)
  • Table 11. Mexico HVAC Services Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
  • Table 12. Mexico HVAC Services Market Estimates and Forecasts, by Equipment, 2018 - 2030 (USD Million)
  • Table 13. Recent Developments & Impact Analysis, By Key Market Participants
  • Table 14. Company Market Share, 2024
  • Table 15. Company Heat Map Analysis, 2024
  • Table 16. Key Companies: Mergers & Acquisitions
  • Table 17. Key Companies: Partnerships & Collaborations
  • Table 18. Key Companies: Product Launches
  • Table 19. Key Companies: Expansion

List of Figures

  • Fig. 1 Market Segmentation & Scope
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation and Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Market Snapshot
  • Fig. 7 Segment Snapshot
  • Fig. 8 Competitive Landscape Snapshot
  • Fig. 9 Penetration and Growth Prospect Mapping
  • Fig. 10 North America HVAC Services Market - Value chain analysis
  • Fig. 11 North America HVAC Services Market Dynamics
  • Fig. 12 North America HVAC Services Market: PORTER's Analysis
  • Fig. 13 North America HVAC Services Market: PESTEL Analysis
  • Fig. 14 North America HVAC Services Market, By Service: Key Takeaways
  • Fig. 15 North America HVAC Services Market: Service Movement Analysis & Market Share, 2024 & 2030
  • Fig. 16 North America HVAC Services Market Estimates & Forecasts, By Installation, 2018 - 2030 (USD Million)
  • Fig. 17 North America HVAC Services Market Estimates & Forecasts, By Maintenance, 2018 - 2030 (USD Million)
  • Fig. 18 North America HVAC Services Market Estimates & Forecasts, By Repair & Replacement, 2018 - 2030 (USD Million)
  • Fig. 19 North America HVAC Services Market, By End Use: Key Takeaways
  • Fig. 20 North America HVAC Services Market: End Use Movement Analysis & Market Share, 2024 & 2030
  • Fig. 21 North America HVAC Services Market Estimates & Forecasts, in Residential, 2018 - 2030 (USD Million)
  • Fig. 22 North America HVAC Services Market Estimates & Forecasts, in Commercial, 2018 - 2030 (USD Million)
  • Fig. 23 North America HVAC Services Market Estimates & Forecasts, in Industrial, 2018 - 2030 (USD Million)
  • Fig. 24 North America HVAC Services Market, By Equipment: Key Takeaways
  • Fig. 25 North America HVAC Services Market: Equipment Movement Analysis & Market Share, 2024 & 2030
  • Fig. 26 North America HVAC Services Market Estimates & Forecasts, in Heat Pump, 2018 - 2030 (USD Million)
  • Fig. 27 North America HVAC Services Market Estimates & Forecasts, in Furnace, 2018 - 2030 (USD Million)
  • Fig. 28 North America HVAC Services Market Estimates & Forecasts, in Boilers, 2018 - 2030 (USD Million)
  • Fig. 29 North America HVAC Services Market Estimates & Forecasts, in Air Purifier, 2018 - 2030 (USD Million)
  • Fig. 30 North America HVAC Services Market Estimates & Forecasts, in Dehumidifier, 2018 - 2030 (USD Million)
  • Fig. 31 North America HVAC Services Market Estimates & Forecasts, in Air Handling Units, 2018 - 2030 (USD Million)
  • Fig. 32 North America HVAC Services Market Estimates & Forecasts, in Ventilation Fans, 2018 - 2030 (USD Million)
  • Fig. 33 North America HVAC Services Market Estimates & Forecasts, in Air Conditioning, 2018 - 2030 (USD Million)
  • Fig. 34 North America HVAC Services Market Estimates & Forecasts, in Chillers, 2018 - 2030 (USD Million)
  • Fig. 35 North America HVAC Services Market Estimates & Forecasts, in Others, 2018 - 2030 (USD Million)
  • Fig. 36 U.S. HVAC Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 37 Canada HVAC Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 38 Mexico HVAC Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 39 Key Company Categorization
  • Fig. 40 Company Market Positioning
  • Fig. 41 Strategic Framework
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