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PUBLISHER: Grand View Research | PRODUCT CODE: 1772553

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PUBLISHER: Grand View Research | PRODUCT CODE: 1772553

U.S. HVAC Systems Market Size, Share & Trends Analysis Report By Equipment (Heating, Cooling, Ventilation), By Application (Residential, Commercial, Industrial), By Distribution Channel, And Segment Forecasts, 2025 - 2033

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U.S. HVAC Systems Market Growth & Trends:

The U.S. HVAC systems market size is expected to reach USD 54.02 billion by 2033, expanding at a CAGR of 6.9% from 2025 to 2033, according to a new report by Grand View Research, Inc. Diverse and changing climatic conditions across the U.S. remain the prime factor favoring the HVAC equipment demand. Furthermore, to this the U.S. is a large country in terms of a geographic area as such the weather changes from extreme cold to extreme hot throughout the year across states, cities, or coasts, making HVAC installation in residential spaces a mandate. The need to control building temperature irrespective of the outdoor conditions helps the HVAC business thrive in the country. From the supply-side, stringent norms by regulatory bodies in the country to lower power consumption and carbon emission will play a key role in driving the market growth.

Consumers in recent times are becoming aware of severe threats associated with global warming and hence demand energy-efficient products that keep Greenhouse Gas (GHG) emissions at bay. To further help consumers make informed decisions, the U.S. government offers several tax credit programs that reward consumers who adopt products promoting high energy savings. For this purpose, the Energy Star Program came forth, which essentially aims at giving ratings based on product performance and energy savings. Cut-throat competition in the U.S. market is predominantly because of the strong presence of well-established HVAC vendors in the country.

With strategies to acquire and retain existing customers, several companies in the space are focused on offering cost-effective as well technologically advanced smart products. For instance, innovations in the field of HVAC control systems. Although HVAC is a lucrative market in the U.S., the costs of maintenance and installation have still held the market from reaching its full potential. However, companies are offering discounted repair & maintenance services to attract customers and promote HVAC sales across the country. In addition, government regulations to eliminate the usage of refrigerants, such as R-22 or HCFC-22, in cooling systems are expected to boost the sales of newer systems in the next seven years.

U.S. HVAC Systems Market Report Highlights:

  • The heating equipment segment dominated the market in 2024, accounting for 69.2% of the market share, driven by adoption in colder regions such as the Midwest and Northeast.
  • The retail stores segment dominated the market in 2024, accounting for 48.1% of the market share, supported by widespread consumer preference for in-person consultation, bundled service packages, and post-purchase support.
  • The residential segment dominated the market in 2024, accounting for a 39.8% market share, driven by housing starts, suburban development, and growing consumer interest in smart HVAC upgrades.
Product Code: GVR-3-68038-837-4

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Snapshot
  • 2.2. Segment Snapshot
  • 2.3. Competitive Landscape Snapshot

Chapter 3. U.S. HVAC Systems Market Variables, Trends & Scope

  • 3.1. Market Concentration & Growth Prospect Mapping
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Raw Material/Component Outlook
    • 3.2.2. Manufacturer Outlook
    • 3.2.3. Distribution Outlook
    • 3.2.4. Application Outlook
  • 3.3. Regulatory Framework
  • 3.4. Technology Overview
  • 3.5. Market Dynamics
    • 3.5.1. Market Driver Analysis
    • 3.5.2. Market Restraint Analysis
    • 3.5.3. Market Challenges Analysis
    • 3.5.4. Market Opportunity Analysis
  • 3.6. Economic Mega-Trend Analysis
  • 3.7. Industry Analysis Tools
    • 3.7.1. Porter's Five Forces Analysis
    • 3.7.2. Macro-environmental Analysis

Chapter 4. U.S. HVAC Systems Market: Equipment Estimates & Trend Analysis

  • 4.1. Equipment Movement Analysis & Market Share, 2024 & 2033
  • 4.2. U.S. HVAC Systems Market Estimates & Forecast, By Equipment, 2021 to 2033 (USD Million)
  • 4.3. Heating
    • 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.3.2. Heat Pump
      • 4.3.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.3.3. Furnace
      • 4.3.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.3.4. Unitary Heaters
      • 4.3.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.3.5. Boilers
      • 4.3.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.3.6. Electric Baseboards
      • 4.3.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.3.7. Heating Cables
      • 4.3.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.3.8. Others
      • 4.3.8.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 4.4. Ventilation
    • 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.4.2. Air Purifier
      • 4.4.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.4.3. Dehumidifier
      • 4.4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.4.4. Air Handling Units
      • 4.4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.4.5. Ventilation Fans
      • 4.4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.4.6. Others
      • 4.4.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 4.5. Cooling
    • 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.5.2. Air Conditioning
      • 4.5.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.5.3. Chillers
      • 4.5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.5.4. Cooling Towers
      • 4.5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 4.5.5. Others
      • 4.5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 5. U.S. HVAC Systems Market: Distribution Channel Estimates & Trend Analysis

  • 5.1. Distribution Channel Movement Analysis & Market Share, 2024 & 2033
  • 5.2. U.S. HVAC Systems Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million)
  • 5.3. Online
    • 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 5.4. Retail Stores
    • 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 5.5. Wholesale Stores
    • 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 5.6. Others
    • 5.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 6. U.S. HVAC Systems Market: Application Estimates & Trend Analysis

  • 6.1. Application Movement Analysis & Market Share, 2024 & 2033
  • 6.2. U.S. HVAC Systems Market Estimates & Forecast, By Application, 2021 to 2033 (USD Million)
  • 6.3. Residential
    • 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 6.3.1. By Equipment
      • 6.3.1.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 6.4. Commercial
    • 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 6.4.2. By Equipment
      • 6.4.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
  • 6.5. Industrial
    • 6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
    • 6.5.3. By Equipment
      • 6.5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 7. U.S. HVAC Systems Market - Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Company Categorization
  • 7.3. Company Dashboard Analysis
  • 7.4. Vendor Landscape
    • 7.4.1. List of Key Raw Distribution Channel/Component Providers
    • 7.4.2. List of Key Manufacturers
    • 7.4.3. List of Key Distributors
  • 7.5. Company Market Share Analysis, 2024
  • 7.6. Company Positioning Analysis, 2024
  • 7.7. Company Heat Map Analysis, 2024
  • 7.8. Strategy Mapping
  • 7.9. Company Profiles
    • 7.9.1. Carrier Corporation
      • 7.9.1.1. Participant's overview
      • 7.9.1.2. Financial performance
      • 7.9.1.3. Equipment benchmarking
      • 7.9.1.4. Recent developments
    • 7.9.2. DAIKIN INDUSTRIES Ltd.
      • 7.9.2.1. Participant's overview
      • 7.9.2.2. Financial performance
      • 7.9.2.3. Equipment benchmarking
      • 7.9.2.4. Recent developments
    • 7.9.3. Fujitsu
      • 7.9.3.1. Participant's overview
      • 7.9.3.2. Financial performance
      • 7.9.3.3. Equipment benchmarking
      • 7.9.3.4. Recent developments
    • 7.9.4. Haier Group
      • 7.9.4.1. Participant's overview
      • 7.9.4.2. Financial performance
      • 7.9.4.3. Equipment benchmarking
      • 7.9.4.4. Recent developments
    • 7.9.5. Panasonic Corporation
      • 7.9.5.1. Participant's overview
      • 7.9.5.2. Financial performance
      • 7.9.5.3. Equipment benchmarking
      • 7.9.5.4. Recent developments
    • 7.9.6. Johnson Controls
      • 7.9.6.1. Participant's overview
      • 7.9.6.2. Financial performance
      • 7.9.6.3. Equipment benchmarking
      • 7.9.6.4. Recent developments
    • 7.9.7. LG Electronics
      • 7.9.7.1. Participant's overview
      • 7.9.7.2. Financial performance
      • 7.9.7.3. Equipment benchmarking
      • 7.9.7.4. Recent developments
    • 7.9.8. Lennox International Inc.
      • 7.9.8.1. Participant's overview
      • 7.9.8.2. Financial performance
      • 7.9.8.3. Equipment benchmarking
      • 7.9.8.4. Recent developments
    • 7.9.9. Trane
      • 7.9.9.1. Participant's overview
      • 7.9.9.2. Financial performance
      • 7.9.9.3. Equipment benchmarking
      • 7.9.9.4. Recent developments
    • 7.9.10. Midea
      • 7.9.10.1. Participant's overview
      • 7.9.10.2. Financial performance
      • 7.9.10.3. Equipment benchmarking
      • 7.9.10.4. Recent developments
Product Code: GVR-3-68038-837-4

List of Tables

  • Table 1 Ongoing Sky Scrapper Construction Projects Across the U.S.
  • Table 2 U.S. HVAC Systems Market Estimates & Forecasts, By Equipment, 2021 - 2033 (USD Billion)
  • Table 3 U.S. HVAC Systems Market Estimates & Forecasts, By Heating Equipment, 2021 - 2033 (USD Billion)
  • Table 4 U.S. HVAC Systems Market Estimates & Forecasts, By Ventilation Equipment, 2021 - 2033 (USD Billion)
  • Table 5 U.S. HVAC Systems Market Estimates & Forecasts, By Cooling Equipment, 2021 - 2033 (USD Billion)
  • Table 6 U.S. HVAC Systems Market Estimates & Forecasts, In Application, 2021 - 2033 (USD Billion)
  • Table 7 U.S. Residential HVAC Systems Market Estimates & Forecasts, By Equipment, 2021 - 2033 (USD Billion)
  • Table 8 U.S. Residential HVAC Systems Market Estimates & Forecasts, By Heating Equipment, 2021 - 2033 (USD Billion)
  • Table 9 U.S. Residential HVAC Systems Market Estimates & Forecasts, By Ventilation Equipment, 2021 - 2033 (USD Billion)
  • Table 10 U.S. Residential HVAC Systems Market Estimates & Forecasts, By Cooling Equipment, 2021 - 2033 (USD Billion)
  • Table 11 U.S. Commercial HVAC Systems Market Estimates & Forecasts, By Equipment, 2021 - 2033 (USD Billion)
  • Table 12 U.S. Commercial HVAC Systems Market Estimates & Forecasts, By Heating Equipment, 2021 - 2033 (USD Billion)
  • Table 13 U.S. Commercial HVAC Systems Market Estimates & Forecasts, By Ventilation Equipment, 2021 - 2033 (USD Billion)
  • Table 14 U.S. Commercial HVAC Systems Market Estimates & Forecasts, By Cooling Equipment, 2021 - 2033 (USD Billion)
  • Table 15 U.S. Industrial HVAC Systems Market Estimates & Forecasts, By Equipment, 2021 - 2033 (USD Billion)
  • Table 16 U.S. Industrial HVAC Systems Market Estimates & Forecasts, By Heating Equipment, 2021 - 2033 (USD Billion)
  • Table 17 U.S. Industrial HVAC Systems Market Estimates & Forecasts, By Ventilation Equipment, 2021 - 2033 (USD Billion)
  • Table 18 U.S. Industrial HVAC Systems Market Estimates & Forecasts, By Cooling Equipment, 2021 - 2033 (USD Billion)
  • Table 19 U.S. HVAC Systems Market Estimates & Forecasts, By Distribution Channel, 2021 - 2033 (USD Billion)
  • Table 20 U.S. HVAC Systems Market Estimates & Forecasts, By Online, 2021 - 2033 (USD Billion)
  • Table 21 U.S. HVAC Systems Market Estimates & Forecasts, By Retail Stores, 2021 - 2033 (USD Billion)
  • Table 22 U.S. HVAC Systems Market Estimates & Forecasts, By Wholesale Stores, 2021 - 2033 (USD Billion)
  • Table 23 U.S. HVAC Systems Market Estimates & Forecasts, By Other Distribution Channels, 2021 - 2033 (USD Billion)
  • Table 24 Recent Developments & Impact Analysis, By Key Market Participants
  • Table 25 Company Heat Map Analysis, 2024
  • Table 26 Key Companies: Expansion
  • Table 27 Key Companies: Mergers & Acquisitions
  • Table 28 Key Companies: Investments
  • Table 29 Key Companies: Collaboration & Partnerships
  • Table 30 Key Companies: Product Launches

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 QFD modeling for market share assessment
  • Fig. 6 Information Procurement
  • Fig. 7 Market Formulation and Validation
  • Fig. 8 Data Validating & Publishing
  • Fig. 9 Market Segmentation & Scope
  • Fig. 10 U.S. HVAC Systems Market Snapshot
  • Fig. 11 Segment Snapshot
  • Fig. 12 Competitive Landscape Snapshot
  • Fig. 13 Parent market outlook
  • Fig. 14 U.S. HVAC Systems Market Value, 2024 (USD Million)
  • Fig. 15 U.S. HVAC Systems Market - Value Chain Analysis
  • Fig. 16 U.S. HVAC Systems Market - Market Dynamics
  • Fig. 17 U.S. HVAC Systems Market - PORTER's Analysis
  • Fig. 18 U.S. HVAC Systems Market - PESTEL Analysis
  • Fig. 19 U.S. HVAC Systems Market Estimates & Forecasts, By Equipment: Key Takeaways
  • Fig. 20 U.S. HVAC Systems Market Share, By Equipment, 2024 & 2033
  • Fig. 21 U.S. HVAC Systems Market Estimates and Forecast, By Heating, 2021 - 2033 (USD Million)
  • Fig. 22 U.S. HVAC Systems Market Estimates and Forecast, By Heat Pump, 2021 - 2033 (USD Million)
  • Fig. 23 U.S. HVAC Systems Market Estimates and Forecast, By Furnace, 2021 - 2033 (USD Million)
  • Fig. 24 U.S. HVAC Systems Market Estimates and Forecast, By Unitary Heaters, 2021 - 2033 (USD Million)
  • Fig. 25 U.S. HVAC Systems Market Estimates and Forecast, By Boilers, 2021 - 2033 (USD Million)
  • Fig. 26 U.S. HVAC Systems Market Estimates and Forecast, By Electric Baseboards, 2021 - 2033 (USD Million)
  • Fig. 27 U.S. HVAC Systems Market Estimates and Forecast, By Heating Cables, 2021 - 2033 (USD Million)
  • Fig. 28 U.S. HVAC Systems Market Estimates and Forecast, By Others, 2021 - 2033 (USD Million)
  • Fig. 29 U.S. HVAC Systems Market Estimates and Forecast, By Ventilation, 2021 - 2033 (USD Million)
  • Fig. 30 U.S. HVAC Systems Market Estimates and Forecast, By Air Purifier, 2021 - 2033 (USD Million)
  • Fig. 31 U.S. HVAC Systems Market Estimates and Forecast, By Dehumidifier, 2021 - 2033 (USD Million)
  • Fig. 32 U.S. HVAC Systems Market Estimates and Forecast, By Air Handling Units, 2021 - 2033 (USD Million)
  • Fig. 33 U.S. HVAC Systems Market Estimates and Forecast, By Ventilation Fans, 2021 - 2033 (USD Million)
  • Fig. 34 U.S. HVAC Systems Market Estimates and Forecast, By Others, 2021 - 2033 (USD Million)
  • Fig. 35 U.S. HVAC Systems Market Estimates and Forecast, By Cooling, 2021 - 2033 (USD Million)
  • Fig. 36 U.S. HVAC Systems Market Estimates and Forecast, By Air Conditioning, 2021 - 2033 (USD Million)
  • Fig. 37 U.S. HVAC Systems Market Estimates and Forecast, By Chillers, 2021 - 2033 (USD Million)
  • Fig. 38 U.S. HVAC Systems Market Estimates and Forecast, By Cooling Towers, 2021 - 2033 (USD Million)
  • Fig. 39 U.S. HVAC Systems Market Estimates and Forecast, By Others, 2021 - 2033 (USD Million)
  • Fig. 40 U.S. HVAC Systems Market Estimates & Forecasts, By Distribution Channel: Key Takeaways
  • Fig. 41 U.S. HVAC Systems Market Share, By Distribution Channel, 2024 & 2033
  • Fig. 42 U.S. HVAC Systems Market Estimates and Forecast, By Online 2021 - 2033 (USD Million)
  • Fig. 43 U.S. HVAC Systems Market Estimates and Forecast, By Retail Stores, 2021 - 2033 (USD Million)
  • Fig. 44 U.S. HVAC Systems Market Estimates and Forecast, By Wholesale Stores, 2021 - 2033 (USD Million)
  • Fig. 45 U.S. HVAC Systems Market Estimates and Forecast, By Others, 2021 - 2033 (USD Million)
  • Fig. 46 U.S. HVAC Systems Market Estimates & Forecasts, By Application: Key Takeaways
  • Fig. 47 U.S. HVAC Systems Market Share, By Application, 2024 & 2033
  • Fig. 48 U.S. HVAC Systems Market Estimates and Forecast, In Residential, 2021 - 2033 (USD Million)
  • Fig. 49 U.S. HVAC Systems Market Estimates and Forecast, In Commercial, 2021 - 2033 (USD Million)
  • Fig. 50 U.S. HVAC Systems Market Estimates and Forecast, In Industrial, 2021 - 2033 (USD Million)
  • Fig. 51 Key Company Categorization
  • Fig. 52 Company Market Positioning
  • Fig. 53 Key Company Market Share Analysis, 2024
  • Fig. 54 Strategy Mapping
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