The United States HVAC market is poised for substantial growth, projected to reach $33.81 billion by 2028, up from $27.85 billion in 2022, with a steady CAGR of 3.3%. The market report delves into consumer behavior and the increasing adoption of HVAC systems across various sectors in the country.
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In recent years, HVAC systems have gained significant popularity across different end-user applications, fueled by the demand for reliable and regulated solutions that meet industry standards.

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Among these sectors, the residential segment stands out as a dominant force in the HVAC market due to the diverse climatic conditions necessitating a wide range of equipment options. Simultaneously, HVAC vendors dedicate a significant portion of their operations to cater to the unique requirements of the commercial sector. The choice of HVAC equipment varies based on the structure, purpose, and specific needs of commercial establishments.
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Key players in the US HVAC market are actively engaged in strategic agreements, acquisitions, and collaborations with emerging companies to enhance their market presence and access commercially launched products. These partnerships aim to leverage technological advancements and innovation, providing customers with cutting-edge HVAC solutions.

Key Highlights:

1. Surging Demand for Energy-Efficient HVAC Systems: The US anticipates a surge in demand for energy-efficient HVAC systems during the forecast period. New residential air-source heat pump systems and central air-conditioning will be required to meet new energy efficiency standards, driving the need for services.

2. Diverse Climatic Conditions Fueling Growth: The changing and diverse climatic conditions in the US contribute to significant market growth. In 2022, there were approximately 122,638 heating and air conditioning contractors operating in the country.

3. Southern Region Holds Largest Market Share: The Southern region dominated the US HVAC market in 2022, boasting the highest number of households with rising annual incomes. The region’s new construction activities are expected to drive the adoption of HVAC systems.

4. Focus on Sustainability and Green Initiatives: The US government aims to accelerate sustainability goals by rejoining the Paris Agreement and strengthening 2030 greenhouse gas emission objectives. This includes promoting decarbonization, electrification, and the adoption of low-global warming potential (GWP) refrigerants.

5. Tax Credits for Energy-Saving Products: In response to increasing awareness of global warming and harmful gas emissions, the US government offers tax credits to consumers adopting products that promote high energy savings. The Energy Star Program plays a vital role in recognizing highly energy-efficient products for offices and homes.

6. Emphasis on Healthy Commercial Buildings: Wellness, ventilation, indoor air quality, thermal health, and humidity are crucial aspects of healthy commercial buildings. The launch of the US Environmental Protection Agency’s (EPA) Clean Air in Buildings Challenge further highlights the importance of HVAC performance and a healthy indoor environment.

7. Integration of Advanced Controls: Advanced controls play a pivotal role in enhancing HVAC system efficiency. Integrating artificial intelligence (AI) with advanced commercial building management systems allows operators to monitor and optimize energy efficiency, asset performance, maintenance operations, and occupant satisfaction and well-being.

8. Investment in Energy Efficiency: Commercial building managers are increasingly investing in electric-based heating, cooling systems, and advanced controls to improve performance and efficiency. A survey by Johnson Controls reveals that 62% of commercial organizations are expected to increase investments in energy efficiency, renewable energy, or smart building technology in 2023.

With the convergence of energy-saving initiatives, technological advancements, and increasing awareness of sustainable practices, the US HVAC market is poised for continued expansion, catering to both residential and commercial sectors alike.

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