United States HVAC market is projected to grow at a brisk CAGR during 2023-2028.  The market is expected to witness tremendous growth on account of growing number of connected home devices with wireless technology and availability of HVAC systems, robust distribution network, rising internet penetration and increasing construction activities, are expected to drive the sales of HVAC systems in the country, are some of the other factors expected to propel demand for HVAC over the next five years.

HVAC i.e.  heating, ventilation, and air conditioning provides heating and cooling services to buildings. Before the start of this system, these three were split into three devices but now there is a common system for all the three. The HVAC system has become common for the new buildings.

HVAC is segmented by product type, by end use and by region. By product type it is segmented into Direct Expansion Systems and Central Air Conditioning Systems. By end use, HVAC is divided into segments residential, commercial real estate, institutional, marine, and offshore, oil and gas, power, and others. The major share of the market is projected to be occupied by commercial segment owing to need for providing ventilation conditions in offices.

Some of the major players operating in the United States HVAC market are United Technologies Corporation, Daikin North America, LLC, Ingersoll-Rand Inc., Johnson Control Inc., Nortek, Inc., Danfoss North America, LG Electronics (North America), Mitsubishi Electric US, Inc., Rheem Manufacturing Company Inc, Electrolux AB.

Objective of the Study:

  • To analyze and forecast market size of the United States HVAC market, in terms of value as well as volume.
  • To define, classify and forecast the United States HVAC market based on product type, by end use sector, by companies.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, based on end use sector segmenting United Stated HVAC market into 6 end use sectors, namely, Residential; Commercial Real Estate; Institutional; Marine & Offshore; Oil & Gas; Power and Others.
  • To identify tailwinds and headwinds for the United States HVAC market.
  • To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the United States HVAC market.
  • To evaluate competitor pricing, average market selling prices and trends in the United States HVAC market.
  • To strategically profile the leading players, which are involved in the supply of HVAC in market.

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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of HVAC manufacturers and suppliers in United States. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, end use sector, all major HVAC suppliers across the country.

TechSci Research calculated the market size for the HVAC market using a bottom-up approach, where manufacturers’ value & volume sales data for different types of (Direct Expansion Systems and Central Air Conditioning Systems) HVAC was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

  • United States HVAC Manufacturers
  • United States HVAC suppliers 
  • Research organizations and consulting companies
  • Associations, organizations, associations and alliances related to HVAC
  • Government bodies such as regulating authorities and policy makers
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as HVAC manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.



Base Year


Historical Years

2018 – 2021

Estimated Year


Forecast Period

2024F – 2028F

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

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

Segments Covered

·         Product Type

·         End Use Sector

Region Scope

South-Region, West-Region, Mid-West Region & Northeast-Region

Key Companies Profiled

United Technologies Corporation, Daikin North America, LLC, Ingersoll-Rand Inc., Johnson Control Inc., Nortek, Inc., Danfoss North America, LG Electronics (North America), Mitsubishi Electric US, Inc., Rheem Manufacturing Company Inc, Electrolux AB

Customization Scope

10% free report customization with purchase. Addition or alteration to 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/Word format on special request)

Report Scope:

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

  • US HVAC Market, by Product Type:
    • United States HVAC Market 
      • Direct Expansion Systems
      • Central Air Conditioning Systems
  • US HVAC Market, by End Use Sector:
      • Residential
      • Commercial Real Estate
      •  Institutional
      •  Marine & Offshore
      •  Oil & Gas
      •  Power
      •  Others
  • US HVAC Market, by Region:
    • South-Region
    • West-Region
    • Mid-West-Region
    • Northeast-Region

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, market pricing, average selling price sales footprint, etc.

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

Competition Outlook: Top companies, market and competition scenario.

Available Customizations:

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

Channel Partner Analysis

  • Detailed list of distributors and dealers across the country.

Company Information

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

Product Information

  • Detailed analysis of new products in the market and their driving forces in the market.

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

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.    Impact of COVID-19 on United States HVAC Market

4.    Executive Summary

5.    Global HVAC Market Overview

6.    United States HVAC Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1. By Product Type (Direct Expansion Systems and Central Air Conditioning Systems)

6.2.2. By End User (Residential, Commercial, Institutional, Industrial)

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

6.2.4. By Company (2022)                     

6.3.  Product Market Map

7.    United States Direct Expansion Systems Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type (Split, Window, Ductable Split, VRF, Cassette and Others)

7.2.2.    By End User

8.    United States Central Air Conditioning Systems Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type (Chillers, Boilers, Cooling Towers, Air Handling Units, Fan Coil Units, HVAC Control System, Others)

8.2.2.    By End User Sector

9.    HVAC Supply Chain Analysis

10.  Import & Export Analysis

11.  Market Dynamics

11.1.  Drivers/Opportunities

11.2.  Challenges/Restraints

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  United States Economic Profile

15.  Competitive Landscape

15.1.    Company Profiles

15.1.1.  United Technologies Corporation

15.1.2.  Daikin North America, LLC

15.1.3.  Ingersoll-Rand Inc.

15.1.4.  Johnson Control Inc.

15.1.5.  Nortek, Inc.

15.1.6.  Danfoss North America

15.1.7.  LG Electronics (North America)

15.1.8.  Mitsubishi Electric US, Inc.

15.1.9.  Rheem Manufacturing Company Inc

15.1.10.                Electrolux AB

16. 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]