United States Commercial HVAC Market By Product Type (Chillers, Cooling Towers, Air Handling Units, VRF, Heat Pumps, Others), By End User (Industries, Institutional, Commercial Real Estate, HORECA, Others), By Sales Channel (Distributor/Dealer, Institutional Sales), By Region (South, West, Midwest and Northeast), Competition, Forecast & Opportunities, 2016-2026

United States Commercial HVAC market is anticipated to grow at a CAGR of 4.01% in the forecast period on account of increasing use of office space, developing new commercial infrastructure and product innovation. Government focus on renovating and developing new commercial infrastructure and technological advancement in HVAC systems is also driving the growth of the United States Commercial HVAC market in the upcoming five years.

Heating, ventilation, and air conditioning (HVAC) is a technology used to create a comfortable indoor environment with acceptable indoor air quality and thermal comfort. HVAC is considered to be an important part of the commercial sector, such as hotels, medium and large offices and industrial buildings. The primary function of HVAC is to provide thermal comfort along with acceptable indoor air quality and reasonable maintenance costs. HVAC systems maintain a proper equilibrium between the air pressure, space in the facility and provide proper air ventilation and improve air filtration.

Increased availability of highly efficient equipment, rising construction activities and increasing office space requirement in the country and extreme climatic conditions, etc., are some of the factors which are fueling the market growth. Another major driver of the commercial HVAC market is the increasing demand for energy-efficient systems. Growing environmental awareness is causing a preference shift toward environment-friendly technologies, which is driving the growth of this market. Furthermore, one of the primary factors driving this sector's growth is the widespread use of HVAC systems. Furthermore, the government is taking steps to promote sustainability and the use of green technology, such as banning and phasing out harmful refrigerants. These factors are expected to contribute to the expansion of the commercial HVAC market in the United States.

Owing to the closure of industries, institutions, and other businesses in the country during the temporary lockdown phase in 2020, the COVID-19 pandemic has negatively impacted sales of the commercial HVAC market in the United States. Furthermore, the commercial sector's downturn, combined with low construction activity during the COVID-19 outbreak, resulted in a sales decline in the HVAC sector across the country.

Rising Building Automation and Control Systems Drives the Market Growth

The building automation system was created specifically to control and monitor the security, mechanical, HVAC, and humidity control systems. The primary goal of developing an automation system is to have complete control over the building and autonomous facilities. The growing preference for smart and green buildings is also fueling the growth of the building automation system market, which is contributing to the rising demand for HVAC systems in smart buildings in the United States.

Booming Commercial Sector Fueling the Market Growth

The construction industry is a major driver of demand for HVAC systems. As the construction of commercial buildings has increased, so has the demand for HVAC systems, driving the growth of the commercial HVAC market in the United States. With the ongoing construction of malls, schools, metros, airports, supermarkets, shopping centers, and other structures throughout the country, the demand for HVAC is expected to rise in the coming years. Furthermore, as commercial sector construction increases, several major manufacturers are likely to expand their operations and manufacturing sites in the US throughout the forecast period.

Increasing Preference for Condensing Boilers Aids Market Growth

Boilers heat 34.5% of total floor space in commercial buildings in the United States, accounting for roughly one-third of total energy consumption. Furthermore, because condensing boilers can convert evaporation energy into heat, they are a smart, environment-friendly, and cost-effective alternative to traditional boilers. A condensing boiler can reduce energy costs by up to 90%. This is far superior to the efficiency of a standard boiler, which is typically between 70% and 80%.

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Market Segmentation

The United States commercial HVAC market is segmented based on product type, end user, sales channel, region, and competitional landscape. Based on product type, the market is further fragmented into chillers, cooling towers, air handling units, VRF, heat pumps, and others. On the basis of end user, the market is fragmented into industries, institutional, commercial real estate, HORECA, and others. Also, segmentation of the market on the grounds of sales channel is done into distributor/dealer and institutional sales. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among south, west, midwest and northeast.

Company Profiles

Daikin North America LLC, Carrier Global Corporation, Mitsubishi Electric Trane HVAC US LLC (METUS), Johnson Controls, Inc, Lennox International Inc, Nortek Global HVAC LLC, LG Electronics USA, Inc., Samsung HVAC America, LLC, Rheem Manufacturing Company, Danfoss LLC, etc. are among the major market players in the United States platform that lead the market growth of the United States commercial HVAC market.

Report Scope:

In this report, United States Commercial HVAC market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• United States Commercial HVAC Market, By Product Type:
• Chillers
• Cooling Towers
• Air Handling Units
• VRF
• Heat Pumps
• Others
• United States Commercial HVAC Market, By End User:
• Industries
• Institutional
• Commercial Real Estate
• HORECA
• Others
• United States Commercial HVAC Market, By Sales Channel:
• Distributor/Dealer
• Institutional Sales
• United States Commercial HVAC Market, By Region:
• South
• West
• Midwest
• Northeast

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States Commercial HVAC market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information