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.

Attribute

Details

Market Size Value in 2020

USD14.72 Billion

Revenue Forecast in 2026

USD18.94 Billion

Growth Rate

4.01%

Base Year

2020

Historical Years

2016 – 2020

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Billion, and CAGR for 2016-2020 and 2021-2026

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

  • Product Type
  • End User
  • Sales Channel
  • Region
  • Company

Regional Scope

South, West, Midwest and Northeast

Key Companies Profiled

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.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

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

Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decision

4.3.  Challenges Faced Post Purchase

5.    United States Commercial HVAC Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product Type (Chillers, Cooling Towers, Air Handling Units, VRF, Heat Pumps, Others)

5.2.2.     By End User (Industries, Institutional, Commercial Real Estate, HORECA, Others)

5.2.3.     By Sales Channel (Industries, Institutional, Commercial Real Estate, HORECA, Others)

5.2.4.     By Region (South, West, Midwest and Northeast)

5.2.5.     By Company (2020)

5.3.  Market Map (By Product Type, By Region)

6.    United States Chillers HVAC Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By End User

6.2.2.     By Sales Channel

7.    United States Cooling Towers HVAC Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By End User

7.2.2.     By Sales Channel

8.    United States Air Handling Units HVAC Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By End User

8.2.2.     By Sales Channel

9.    United States VRF HVAC Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By End User

9.2.2.     By Sales Channel

10.  United States Heat Pumps HVAC Market Outlook

10.1.             Market Size & Forecast

10.1.1.  By Value

10.2.             Market Share & Forecast

10.2.1.  By End User

10.2.2.  By Sales Channel

11.  Competitive Analysis

11.1.             Daikin North America LLC.

11.1.1. Market Share & Forecast

11.1.1.1.     By Product Type

11.2.             Carrier Global Corporation

11.2.1. Market Share & Forecast

11.2.1.1.     By Product Type

11.3.             Mitsubishi Electric Trane HVAC US LLC(METUS)

11.3.1. Market Share & Forecast

11.3.1.1.     By Product Type

11.4.             Johnson Controls, Inc

11.4.1. Market Share & Forecast

11.4.1.1.     By Product Type

11.5.             Lennox International Inc

11.5.1. Market Share & Forecast

11.5.1.1.     By Product Type

12.  Market Dynamics

12.1. Drivers

12.2. Challenges

13.  Market Trends and Developments

14.  Impact of COVID-19 on United States Commercial HVAC Market

15.  Policy and Regulatory Landscape

16.  United States Economic Profile

17.  Competitive Landscape

17.1.             Daikin North America LLC

17.2.             Carrier Global Corporation

17.3.             Mitsubishi Electric Trane HVAC US LLC (METUS)

17.4.             Johnson Controls, Inc

17.5.             Lennox International Inc

17.6.             Nortek Global HVAC LLC

17.7.             LG Electronics USA, Inc.

17.8.             Samsung HVAC America, LLC

17.9.             Rheem Manufacturing Company

17.10.          Danfoss LLC

18. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • Figure 1: United States Commercial HVAC Market Size, By Value (USD Billion), 2016-2026F

    Figure 2: United States Commercial HVAC Market Share, By Type, By Value, 2016-2026F

    Figure 3: United States Commercial HVAC Market Share, By End User, By Value, 2016-2026F

    Figure 4: United States Commercial HVAC Market Share, By Sales Channel, By Value, 2016-2026F

    Figure 5: United States Commercial HVAC Market Share, By Region, By Value, 2016-2026F

    Figure 6: United States Commercial HVAC Market Share, By Company, By Value, 2020

    Figure 7: United States Commercial HVAC Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2020

    Figure 8: United States Commercial HVAC Market Map, By Type, Market Size (USD Billion) & Growth Rate (%), 2020

    Figure 9: United States Chillers HVAC Market Size, By Value (USD Billion), 2016-2026F

    Figure 10: United States Gross Domestic Products (Current USD), 2016-2020

    Figure 11: United States Chillers HVAC Market Share, By End User, By Value, 2016-2026F

    Figure 12: United States Chillers HVAC Market Share, By Sales Channel, By Value, 2016-2026F

    Figure 13: United States Cooling Towers HVAC Market Size, By Value (USD Billion), 2016-2026F

    Figure 14: United States Cooling Towers HVAC Market Share, By End User, By Value, 2016-2026F

    Figure 15: United States Cooling Towers HVAC Market Share, By Sales Channel, By Value, 2016-2026F

    Figure 16: United States Air Handling Units HVAC Market Size, By Value (USD Billion), 2016-2026F

    Figure 17: United States Air Handling Units HVAC Market Share, By End User, By Value, 2016-2026F

    Figure 18: United States Air Handling Units HVAC Market Share, By Sales Channel, By Value, 2016-2026F

    Figure 19: United States VRF HVAC Market Size, By Value (USD Billion), 2016-2026F

    Figure 20: United States VRF HVAC Market Share, By End User, By Value, 2016-2026F

    Figure 21: United States VRF HVAC Market Share, By Sales Channel, By Value, 2016-2026F

    Figure 22: United States Heat Pumps HVAC Market Size, By Value (USD Billion), 2016-2026F

    Figure 23: United States Heat Pumps HVAC Market Share, By End User, By Value, 2016-2026F

    Figure 24: United States Heat Pumps HVAC Market Share, By Sales Channel, By Value, 2016-2026F

    Figure 25: Daikin North America LLC Commercial HVAC Sales & Market Share, By Type, By Value, 2020

    Figure 26: Carrier Global Corporation Commercial HVAC Sales & Market Share, By Type, By Value, 2020

    Figure 27: Mitsubishi Electric Trane HVAC US LLC Commercial HVAC Sales & Market Share, By Type, By Value, 2020

    Figure 28: Johnson Controls, Inc Commercial HVAC Sales & Market Share, By Type, By Value, 2020

    Figure 29: Lennox International Inc Commercial HVAC Sales & Market Share, By Type, By Value, 2020

    List of Tables

    Table 1: Status of Hotel Projects in United States, 2021

    Table 2: Upcoming Building Construction Projects in United States, By Project Value (USD Million), 2021

    Table 3: Total Number of Hospitals in United States, 2019

    Table 4: Type of Construction, By Value in United States, (USD Million), May-Sep 2021