PUBLISHER: Grand View Research | PRODUCT CODE: 1789889
PUBLISHER: Grand View Research | PRODUCT CODE: 1789889
U.S. Commercial Heating Equipment Market Size, Share & Trends Analysis Report By Product, By Building Floorspace, By End Use, By Region, And Segment Forecasts, 2025 - 2033
U.S. Commercial Heating Equipment Market Summary
The U.S. commercial heating equipment market size was estimated at USD 7,841.6 million in 2024 and is projected to reach USD 15,164.6 million by 2033, growing at a CAGR of 7.7% from 2025 to 2033. The increasing demand for energy-efficient HVAC systems in the U.S. commercial sector is a key growth driver.
Rising awareness about energy conservation and the implementation of strict federal energy standards have pushed businesses to upgrade to high-efficiency boilers, furnaces, and heat pumps. Moreover, the surge in commercial construction activities across office spaces, hospitality, and retail sectors is fueling market growth. Renovations in aging infrastructure and growing urbanization in major U.S. cities are driving new installations of advanced heating systems. Additionally, demand is supported by incentives at the state and local levels for green building technologies. Integration of smart thermostats and building automation systems is also encouraging the adoption of modern heating solutions.
Market Concentration & Characteristics
The U.S. commercial heating equipment market is moderately concentrated, with a few dominant players holding significant market share. Major companies like Trane Technologies, Carrier, and Lennox International lead due to their strong distribution networks and extensive product portfolios. However, numerous regional manufacturers and specialized firms also operate, contributing to competitive diversity. While large firms influence pricing and innovation, smaller players cater to niche demands and localized services.
The U.S. commercial heating equipment industry exhibits a high degree of innovation, driven by the demand for energy efficiency and smart technologies. Manufacturers are integrating IoT, automation, and AI-based controls into heating systems. Innovations also focus on low-emission and hybrid solutions that align with green building goals. Continuous R&D investment is enabling advancements in heat exchanger design and fuel efficiency.
The market has seen a steady level of M&A activity, primarily led by large players aiming to expand their product offerings and geographic reach. Acquisitions also focus on integrating energy-efficient technologies and strengthening after-sales service capabilities. Recent deals have involved HVAC contractors and software solution providers. M&A is a key strategy to stay competitive in a market driven by sustainability and system integration.
Government regulations significantly influence the U.S. commercial heating equipment market, particularly through energy efficiency mandates and environmental standards. The Department of Energy (DOE) sets minimum efficiency requirements for various heating products. In addition, state-level building codes and emissions regulations drive manufacturers to develop cleaner, compliant systems. Regulatory compliance has become a crucial factor in product design and market entry.
U.S. Commercial Heating Equipment Market Report Segmentation
This report forecasts revenue growth at the U.S. level and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. commercial heating equipment market report based on product, building floorspace, end use, and region:
- Product Outlook (Revenue, USD Million, 2021 - 2033)
- Heat Pump
- By Capacity (Btuh)
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- Above 360,000
- By Type
- Water-Borne Heat Pump
- By Temperature
- Up to 35 °C
- 35 to 45 °C
- 46 to 60 °C
- 61 to 80 °C
- Above 80 °C
- Air-Borne Heat Pump
- Furnace
- By Capacity (Btuh)
- Up to 75,000
- 75,001 - 120,000
- 120,001 - 240,000
- 240,001 -360,000
- Above 360,000
- Boiler
- By Capacity (MMBtu/hr)
- Up to 10 MMBtu/hr
- 10-50 MMBtu/hr
- 50-100 MMBtu/hr
- 100-250 MMBtu/hr
- Above 250 MMBtu/hr
- By type
- Condensing
- Non-condensing
- Unitary Heaters
- By Capacity (Btuh)
- Up to100,000
- 100,001 - 250,000
- 250,001 - 500,000
- Above 500,000
- Others
- Building Floorspace Outlook (Revenue, USD Million, 2021 - 2033)
- Up to 5,000 sq. ft.
- 5,001 to 10,000 sq. ft
- 10,001 to 25,000 sq. ft
- 25,001 to 50,000 sq. ft
- 50,001 to 100,000 sq. ft
- Above 100,000 sq. ft
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Retail Shops
- Offices
- Power Generation
- Food & Beverage
- Healthcare
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- Northeast
- Southeast
- Midwest
- Southwest
- West
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. Commercial Heating Equipment 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. End User Outlook
- 3.3. Regulatory Framework
- 3.4. Product 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. Commercial Heating Equipment Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2024 & 2033
- 4.2. U.S. Commercial Heating Equipment Market Estimates & Forecast, By Product, 2021 to 2033 (USD Million)
- 4.3. Heat Pump
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.3.1.1. By Capacity (Btuh)
- 4.3.1.1.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.3.1.2. By Type
- 4.3.1.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.3.1.2.1.1. Water-Borne Heat Pump
- 4.3.1.2.1.1.1. By Temperature
- 4.3.1.2.1.1. Water-Borne Heat Pump
- 4.3.1.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.3.1.2.1.1.1.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.3.1.2.1.2. Air-Borne Heat Pump
- 4.3.1.2.1.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.3.1.2.1.2. Air-Borne Heat Pump
- 4.3.1.1. By Capacity (Btuh)
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Furnace
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4.1.1. By Capacity (Btuh)
- 4.4.1.1.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4.1.1. By Capacity (Btuh)
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Boilers
- 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5.1.1. By Capacity (MMBtu/hr)
- 4.5.1.1.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5.1.2. By Type
- 4.5.1.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5.1.1. By Capacity (MMBtu/hr)
- 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6. Unitary Heaters
- 4.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6.1.1. By Capacity (Btuh)
- 4.6.1.1.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6.1.1. By Capacity (Btuh)
- 4.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.7. Others
- 4.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. U.S. Commercial Heating Equipment Market: Building Floorspace Estimates & Trend Analysis
- 5.1. Building Floorspace Movement Analysis & Market Share, 2024 & 2033
- 5.2. U.S. Commercial Heating Equipment Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million)
- 5.3. Up to 5,000 sq. ft.
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. 5,001 to 10,000 sq. ft
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. 10,001 to 25,000 sq. ft
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.6. 25,001 to 50,000 sq. ft
- 5.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.7. 50,001 to 100,000 sq. ft
- 5.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.8. Above 100,000 sq. ft
- 5.8.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. U.S. Commercial Heating Equipment Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 6.2. U.S. Commercial Heating Equipment Market Estimates & Forecast, By End Use, 2021 to 2033 (USD Million)
- 6.3. Retail Shops
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Offices
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Healthcare Facilities
- 6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6. Hospitality
- 6.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.7. Schools & Educational
- 6.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.8. Others
- 6.8.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. U.S. Commercial Heating Equipment 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 Material/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. Product benchmarking
- 7.9.1.4. Recent developments
- 7.9.2. Rheem Manufacturing
- 7.9.2.1. Participant's overview
- 7.9.2.2. Financial performance
- 7.9.2.3. Product benchmarking
- 7.9.2.4. Recent developments
- 7.9.3. Lennox International
- 7.9.3.1. Participant's overview
- 7.9.3.2. Financial performance
- 7.9.3.3. Product benchmarking
- 7.9.3.4. Recent developments
- 7.9.4. Ingersoll-Rand Plc
- 7.9.4.1. Participant's overview
- 7.9.4.2. Financial performance
- 7.9.4.3. Product benchmarking
- 7.9.4.4. Recent developments
- 7.9.5. DAIKIN INDUSTRIES, Ltd
- 7.9.5.1. Participant's overview
- 7.9.5.2. Financial performance
- 7.9.5.3. Product benchmarking
- 7.9.5.4. Recent developments
- 7.9.6. Johnson Controls, Inc.
- 7.9.6.1. Participant's overview
- 7.9.6.2. Financial performance
- 7.9.6.3. Product benchmarking
- 7.9.6.4. Recent developments
- 7.9.7. Robert Bosch GmbH
- 7.9.7.1. Participant's overview
- 7.9.7.2. Financial performance
- 7.9.7.3. Product benchmarking
- 7.9.7.4. Recent developments
- 7.9.8. Viessmann Group
- 7.9.8.1. Participant's overview
- 7.9.8.2. Financial performance
- 7.9.8.3. Product benchmarking
- 7.9.8.4. Recent developments
- 7.9.9. Mitsubishi Electric Corporation
- 7.9.9.1. Participant's overview
- 7.9.9.2. Financial performance
- 7.9.9.3. Product benchmarking
- 7.9.9.4. Recent developments
- 7.9.10. Emerson Electric Co.
- 7.9.10.1. Participant's overview
- 7.9.10.2. Financial performance
- 7.9.10.3. Product benchmarking
- 7.9.10.4. Recent developments
- 7.9.1. Carrier Corporation
List of Tables
- Table 1 U.S. commercial heating equipment market estimates and forecasts, 2021 - 2033 (USD Million)
- Table 2 U.S. commercial heating equipment market estimates and forecasts, by product, 2021 - 2033 (USD Million)
- Table 3 U.S. commercial heating equipment market estimates and forecasts, by building floorspace, 2021 - 2033 (USD Million)
- Table 4 U.S. commercial heating equipment market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- Table 5 Company Heat Map Analysis, 2024
- Table 6 Strategy Mapping
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. Commercial Heating Equipment Market Snapshot
- Fig. 11 Segment Snapshot
- Fig. 12 Competitive Landscape Snapshot
- Fig. 13 Parent market outlook
- Fig. 14 U.S. Commercial Heating Equipment Market Value, 2024 (USD Million)
- Fig. 15 U.S. Commercial Heating Equipment Market - Value Chain Analysis
- Fig. 16 U.S. Commercial Heating Equipment Market - Market Dynamics
- Fig. 17 U.S. Commercial Heating Equipment Market - PORTER's Analysis
- Fig. 18 U.S. Commercial Heating Equipment Market - PESTEL Analysis
- Fig. 19 U.S. Commercial Heating Equipment Market Estimates & Forecasts, By Product: Key Takeaways
- Fig. 20 U.S. Commercial Heating Equipment Market Share, By Product, 2024 & 2033
- Fig. 21 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Heat Pump, 2021 - 2033 (USD Million)
- Fig. 22 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Capacity (Btuh), 2021 - 2033 (USD Million)
- Fig. 23 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Type, 2021 - 2033 (USD Million)
- Fig. 24 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Water-Borne Heat Pump 2021 - 2033 (USD Million)
- Fig. 25 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Temperature, 2021 - 2033 (USD Million)
- Fig. 26 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Air-Borne Heat Pump, 2021 - 2033 (USD Million)
- Fig. 27 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Furnace, 2021 - 2033 (USD Million)
- Fig. 28 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Capacity (Btuh), 2021 - 2033 (USD Million)
- Fig. 29 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Boiler, 2021 - 2033 (USD Million)
- Fig. 30 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Capacity (MMBtu/hr), 2021 - 2033 (USD Million)
- Fig. 31 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Type, 2021 - 2033 (USD Million)
- Fig. 32 U.S. Commercial Heating Equipment Market Share, By Unitary Heaters, 2024 & 2033 (USD Million)
- Fig. 33 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Capacity (Btuh), 2021 - 2033 (USD Million)
- Fig. 34 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Others, 2021 - 2033 (USD Million)
- Fig. 35 U.S. Commercial Heating Equipment Market Estimates & Forecasts, By Building Floorspace: Key Takeaways
- Fig. 36 U.S. Commercial Heating Equipment Market Share, By Building Floorspace, 2024 & 2033
- Fig. 37 U.S. Commercial Heating Equipment Market Estimates and Forecast, By Up to 5,000 sq. ft., 2021 - 2033 (USD Million)
- Fig. 38 U.S. Commercial Heating Equipment Market Estimates and Forecast, By 5,001 to 10,000 sq. ft, 2021 - 2033 (USD Million)
- Fig. 39 U.S. Commercial Heating Equipment Market Estimates and Forecast, By 10,001 to 25,000 sq. ft, 2021 - 2033 (USD Million)
- Fig. 40 U.S. Commercial Heating Equipment Market Estimates and Forecast, By 25,001 to 50,000 sq. ft, 2021 - 2033 (USD Million)
- Fig. 41 U.S. Commercial Heating Equipment Market Estimates and Forecast, By 50,001 to 100,000 sq. ft, 2021 - 2033 (USD Million)
- Fig. 42 U.S. Commercial Heating Equipment Market Estimates and Forecast, By above 100,000 sq. ft, 2021 - 2033 (USD Million)
- Fig. 43 U.S. Commercial Heating Equipment Market Estimates & Forecasts, By End Use: Key Takeaways
- Fig. 44 U.S. Commercial Heating Equipment Market Share, By End Use, 2024 & 2033
- Fig. 45 U.S. Commercial Heating Equipment Market Estimates and Forecast, In Retail Shops, 2021 - 2033 (USD Million)
- Fig. 46 U.S. Commercial Heating Equipment Market Estimates and Forecast, In Offices, 2021 - 2033 (USD Million)
- Fig. 47 U.S. Commercial Heating Equipment Market Estimates and Forecast, In Healthcare Facilities, 2021 - 2033 (USD Million)
- Fig. 48 U.S. Commercial Heating Equipment Market Estimates and Forecast, In Hospitality, 2021 - 2033 (USD Million)
- Fig. 49 U.S. Commercial Heating Equipment Market Estimates and Forecast, In Schools & Educational, 2021 - 2033 (USD Million)
- Fig. 50 U.S. Commercial Heating Equipment Market Estimates and Forecast, In Others, 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
