U.S. HVAC Market - Industry Outlook and Forecast 2020-2025
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this U.S. HVAC Market Report
The U.S. HVAC market by revenue is expected to grow at a CAGR of approx. 4% during the period 2019–2025.
The U.S. HVAC industry is majorly influenced by the growth and innovations in construction technology and building designs. The increasing installation of heating, ventilation, and air conditioning (HVAC) equipment in residential and commercial building constructions is a significant factor influencing the market U.S. HVAC market growth. The rise in regular services and maintenance of HVAC systems is another major influential driver that fuels the growth in demand across the country with a consistent growth rate. Growth in smart technologies and IoT-based operations in electronic consumer goods are likely to uplift the growth and popularity in the United States market. The increased emphasis on green energy, its delivery, and usage provides growth avenues to key players for developing and launching solar-powered HVAC systems. The United States is one of the adversely affected countries in terms of the number of infected patients and economic slowdown due to the COVID-19 pandemic. Therefore, several large established players in the market are experiencing high losses due to lag in the supply chain and shipment of products. Although a few states in the United States have managed to contain the spread of COVID-19, the impact on the U.S. HVAC market is expected to be felt as vendors depend on raw material procurement from neighboring countries.
The following factors are likely to contribute to the growth of the U.S. HVAC market during the forecast period:
U.S. HVAC Market Segmentation
The U.S. HVAC research report includes a detailed segmentation by equipment, application, and geography. The increasing sale of inverter model rooms and commercial air-conditioners, along with the rapid development in technology, has propelled the United States air conditioner market share significantly in recent years. Air-conditioning units have become major essential equipment, especially in the residential sector across the country, thereby driving the growth. Moreover, the increasing number of commercial investments in several rapidly urbanizing cities is expected to propel the demand for air-conditioners and other cooling equipment significantly.
The increased installation of heating equipment in residential and commercial buildings in the United States is expected to drive the segment during the forecast period. The rapid construction of dwelling units is increasing the sale volume of heating equipment due to the increased residential consumption of heat pumps. Manufacturers are focusing on increasing operations in retail service units to provide post-purchase services. Furthermore, the increasing demand for alternative energy sources has forced several manufacturers to produce electric and solar-based heating equipment to be supplied across the country. Moreover, the heating equipment market is expected to surge significantly during the forecast period, owing to regulation updates by the Environmental Protection Agency (EPA) and the US Government.
Several industries and public spaces are increasing their investments in HVAC equipment, especially the post-COVID-19 outbreak. Similar to the Europe HVAC market, the demand and sales volumes in the commercial segment reached its highest points in several segments until 2019 in the US. This is majorly attributed to the massive surge in commercial construction activities across the country. Further, the rapid urbanization and the increasing number of office constructions in several fast-growing states in the country are expected to propel the demand for installation and maintenance services of HVAC systems. This upsurge due to the growth in commercial applications is expected to attract several key manufacturers to extend their operations and production plants in the US during the forecast period.
Segmentation by Equipment
The increasing number of skyscrapers and multiple-story residential construction projects is one of the key drivers for the U.S. HVAC market in rapidly growing states such as Florida, California, and New York. The southern region is expected to lead the growth in the market owing to the increase in the number of construction activities across several states. Further, the demand for high energy-efficiency and sustainable technology in residential buildings is expected to propel the demand for residential HVAC systems. Therefore, the growth in residential and commercial construction activities across several rapidly urbanizing cities in major states of the South region is expected to propel the overall demand for the U.S. HVAC equipment market. Besides, the number of residential housing units is increasing at a rapid pace in the major states such as Texas, Florida, Carolina, Arizona, and Oklahoma.
According to the United States Census Bureau, the number of household residentials in south regional states had hit approximately 51 million individuals. Besides, the increasing annual household income in the region is expected to propel the demand for HVAC systems in single and multi-family dwelling units, owing to the high prevalence of affordable audiences.
Segmentation by Geography
The U.S. HVAC market share is highly competitive and characterized by a number of small and medium-scale players along with several established manufacturers. Although the prevalence of small-scale players in the market has been high, major global manufacturers account for a dominant share with well-established supply chain networks. The majority of players in the U.S. HVAC market are focusing on expanding their customer base and business operations across the country. The prominent vendors in the market include Daikin Industries, Lennox International, Mitsubishi Electric, Johnson Controls, Zehnder, Danfoss, Ingersoll Rand, Carrier, and Honeywell. These established companies are leveraging strategic collaborations and innovative initiatives to increase their profitability and market share. Increasingly in recent years, the companies operating in the market are also acquiring start-ups that apply state of the art technologies in HVAC systems to strengthen their product capabilities.
Prominent Vendors
1. What is the U.S. HVAC market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the U.S. HVAC market share?
3. What are the drivers, trends, and restraints in the U.S. HVAC market?
4. Who are the leading vendors in the U.S. HVAC market, and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the U.S. HVAC market share?
The U.S. HVAC market by revenue is expected to grow at a CAGR of approx. 4% during the period 2019–2025.
The U.S. HVAC industry is majorly influenced by the growth and innovations in construction technology and building designs. The increasing installation of heating, ventilation, and air conditioning (HVAC) equipment in residential and commercial building constructions is a significant factor influencing the market U.S. HVAC market growth. The rise in regular services and maintenance of HVAC systems is another major influential driver that fuels the growth in demand across the country with a consistent growth rate. Growth in smart technologies and IoT-based operations in electronic consumer goods are likely to uplift the growth and popularity in the United States market. The increased emphasis on green energy, its delivery, and usage provides growth avenues to key players for developing and launching solar-powered HVAC systems. The United States is one of the adversely affected countries in terms of the number of infected patients and economic slowdown due to the COVID-19 pandemic. Therefore, several large established players in the market are experiencing high losses due to lag in the supply chain and shipment of products. Although a few states in the United States have managed to contain the spread of COVID-19, the impact on the U.S. HVAC market is expected to be felt as vendors depend on raw material procurement from neighboring countries.
The following factors are likely to contribute to the growth of the U.S. HVAC market during the forecast period:
- Increasing Demand for Smart HVAC
- Growing Popularity of Annual Maintenance Contract
- Increasing End-user Applications
- Increasing Concerns for Energy Efficiency
U.S. HVAC Market Segmentation
The U.S. HVAC research report includes a detailed segmentation by equipment, application, and geography. The increasing sale of inverter model rooms and commercial air-conditioners, along with the rapid development in technology, has propelled the United States air conditioner market share significantly in recent years. Air-conditioning units have become major essential equipment, especially in the residential sector across the country, thereby driving the growth. Moreover, the increasing number of commercial investments in several rapidly urbanizing cities is expected to propel the demand for air-conditioners and other cooling equipment significantly.
The increased installation of heating equipment in residential and commercial buildings in the United States is expected to drive the segment during the forecast period. The rapid construction of dwelling units is increasing the sale volume of heating equipment due to the increased residential consumption of heat pumps. Manufacturers are focusing on increasing operations in retail service units to provide post-purchase services. Furthermore, the increasing demand for alternative energy sources has forced several manufacturers to produce electric and solar-based heating equipment to be supplied across the country. Moreover, the heating equipment market is expected to surge significantly during the forecast period, owing to regulation updates by the Environmental Protection Agency (EPA) and the US Government.
Several industries and public spaces are increasing their investments in HVAC equipment, especially the post-COVID-19 outbreak. Similar to the Europe HVAC market, the demand and sales volumes in the commercial segment reached its highest points in several segments until 2019 in the US. This is majorly attributed to the massive surge in commercial construction activities across the country. Further, the rapid urbanization and the increasing number of office constructions in several fast-growing states in the country are expected to propel the demand for installation and maintenance services of HVAC systems. This upsurge due to the growth in commercial applications is expected to attract several key manufacturers to extend their operations and production plants in the US during the forecast period.
Segmentation by Equipment
- Air Conditioning
- RAC
- CAC
- Heat Exchangers
- Others
- Ventilation
- Air Handling Units
- Air Filters
- Humidifiers & Dehumidifiers
- Fan Coil Units
- Others
- Heating
- Furnace
- Heat Pump
- Boiler Unit
- Others
- Residential
- Commercial
- Office Spaces
- Airports & Public Spaces
- Hospitality
- Healthcare Facilities
- Industrial & Others
The increasing number of skyscrapers and multiple-story residential construction projects is one of the key drivers for the U.S. HVAC market in rapidly growing states such as Florida, California, and New York. The southern region is expected to lead the growth in the market owing to the increase in the number of construction activities across several states. Further, the demand for high energy-efficiency and sustainable technology in residential buildings is expected to propel the demand for residential HVAC systems. Therefore, the growth in residential and commercial construction activities across several rapidly urbanizing cities in major states of the South region is expected to propel the overall demand for the U.S. HVAC equipment market. Besides, the number of residential housing units is increasing at a rapid pace in the major states such as Texas, Florida, Carolina, Arizona, and Oklahoma.
According to the United States Census Bureau, the number of household residentials in south regional states had hit approximately 51 million individuals. Besides, the increasing annual household income in the region is expected to propel the demand for HVAC systems in single and multi-family dwelling units, owing to the high prevalence of affordable audiences.
Segmentation by Geography
- US
- South
- West
- North-east
- Mid-west
The U.S. HVAC market share is highly competitive and characterized by a number of small and medium-scale players along with several established manufacturers. Although the prevalence of small-scale players in the market has been high, major global manufacturers account for a dominant share with well-established supply chain networks. The majority of players in the U.S. HVAC market are focusing on expanding their customer base and business operations across the country. The prominent vendors in the market include Daikin Industries, Lennox International, Mitsubishi Electric, Johnson Controls, Zehnder, Danfoss, Ingersoll Rand, Carrier, and Honeywell. These established companies are leveraging strategic collaborations and innovative initiatives to increase their profitability and market share. Increasingly in recent years, the companies operating in the market are also acquiring start-ups that apply state of the art technologies in HVAC systems to strengthen their product capabilities.
Prominent Vendors
- Daikin
- Lennox International
- Mitsubishi Electric
- Johnson Controls
- Zehnder
- Danfoss
- Ingersoll Rand
- Carrier
- Honeywell
- Rheem Manufacturing
- Nortek Air Solutions
- Fujitsu America Inc.
- Dunham Bush
- TCL
- Camfil
- Onda
- Backer Springfield
- Soler & Palau (S&P)
- Hitachi
- Alfa Laval
1. What is the U.S. HVAC market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the U.S. HVAC market share?
3. What are the drivers, trends, and restraints in the U.S. HVAC market?
4. Who are the leading vendors in the U.S. HVAC market, and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the U.S. HVAC market share?
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation by Equipment
4.3.2 Market Segmentation by Application
5 REPORT ASSUMPTIONS & CAVEATS
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 Overview
7.2 COVID-19 Impact
7.2.1 Construction Industry
8 MARKET OPPORTUNITIES & TRENDS
8.1 Smart HVAC Becoming the New Norm
8.2 Systems Go Ductless
8.3 Zoning into Zoning
8.4 Conducive Environment for Contractors
9 MARKET GROWTH ENABLERS
9.1 Energy Economy Spawns Upgrades
9.2 Renewed Focus on Comfort, Functionality, and Health
9.3 Home Improvement Cycles and Housing Boom
9.4 Climbing Climate Emergencies and Shifting weather patterns
10 MARKET RESTRAINTS
10.1 Phasedowns, Standards, and Regulations in Constant Flux
10.2 Intractable Data Security Issues
10.3 Inadequate Workforce
10.4 Lack of Sufficient Disruption
11 MARKET LANDSCAPE
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 EQUIPMENT
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 AIR CONDITIONING
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.2.1 Market Size & Forecast
13.3 RAC
13.3.1 Market Size & Forecast
13.4 CAC
13.4.1 Market Size & Forecast
13.5 Chillers
13.5.1 Market Size & Forecast
13.6 Heat Exchangers
13.6.1 Market Size & Forecast
13.7 Others
13.7.1 Market Size & Forecast
14 HEATING
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.2.1 Market Size & Forecast
14.3 FURNACE
14.3.1 Market Size & Forecast
14.4 HEAT PUMP
14.4.1 Market Size & Forecast
14.5 BOILER UNITS
14.5.1 Market Size & Forecast
14.6 OTHERS
14.6.1 Market Size & Forecast
15 VENTILATION
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.2.1 Market Size & Forecast
15.3 Air Handling Units
15.3.1 Market Size & Forecast
15.4 Air Filters
15.4.1 Market Size & Forecast
15.5 Humidifiers And Dehumidifiers
15.5.1 Market Size & Forecast
15.6 Fan Coil Units
15.6.1 Market Size & Forecast
15.7 Others
15.7.1 Market Size & Forecast
16 APPLICATION
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
17 RESIDENTIAL
17.1 Market Size & Forecast
18 COMMERCIAL
18.1 Market Snapshot & Growth Engine
18.2 Market Size & Forecast
18.3 Office Spaces
18.3.1 Market Size & Forecast
18.4 Airports & Public Spaces
18.4.1 Market Size & Forecast
18.5 Hospitality
18.5.1 Market Size & Forecast
18.6 Healthcare Facilities
18.6.1 Market Size & Forecast
18.7 Industrial And Others
18.7.1 Market Size & Forecast
19 REGION
19.1 Market Snapshot & Growth Engine
19.2 Geographic Overview
19.3 South
19.3.1 Market Size & Forecast
19.4 WEST
19.4.1 Market Size & Forecast
19.5 MID-WEST
19.5.1 Market Size & Forecast
19.6 NORTH-EAST
19.6.1 Market Size & Forecast
20 COMPETITIVE LANDSCAPE
20.1 Competition Overview
20.1 Market Ranking Analysis
21 KEY COMPANY PROFILES
21.1 Daikin
21.1.1 Business Overview
21.1.2 Product Offerings
21.1.3 Key Strategies
21.1.4 Key Strengths
21.1.5 Key Opportunities
21.2 Carrier
21.2.1 Business Overview
21.2.2 Product Offerings
21.2.3 Key Strategies
21.2.4 Key Strengths
21.2.5 Key Opportunity
21.3 Ingersoll Rand
21.3.1 Business Overview
21.3.2 Product Offerings
21.3.3 Key Strategies
21.3.4 Key Strengths
21.3.5 Key Opportunity
21.4 Lennox International
21.4.1 Business Overview
21.4.2 Product Offerings
21.4.3 Key Strategies
21.4.4 Key Strengths
21.4.5 Key Opportunity
22 OTHER PROMINENT VENDORS
22.1 Mitsubishi Electric
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strategies
22.1.4 Key Strengths
22.2 Johnson Controls
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strategies
22.2.4 Key Strengths
22.3 Danfoss
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strategies
22.3.4 Key Strengths
22.4 Honeywell
22.4.1 Business Overview
22.4.2 Product Offerings
22.4.3 Key Strategy
22.4.4 Key Strengths
22.5 Rheem Manufacturing
22.5.1 Business Overview
22.5.2 Product Offerings
22.5.3 Key Strategies
22.5.4 Key Strengths
22.6 Nortek Air Solutions
22.6.1 Business Overview
22.6.2 Product Offerings
22.6.3 Key Strategies
22.6.4 Key Strengths
22.7 Fujitsu America
22.7.1 Business Overview
22.7.2 Product Offerings
22.7.3 Key Strategies
22.7.4 Key Strengths
22.8 Dunham Bush
22.8.1 Business Overview
22.8.2 Product Offerings
22.8.3 Key Strategies
22.8.4 Key Strengths
22.9 TCL
22.9.1 Business Overview
22.9.2 Product Offerings
22.9.3 Key Strategies
22.9.4 Key Strengths
22.10 Camfil
22.10.1 Business Overview
22.10.2 Product Offerings
22.10.3 Key Strategies
22.11 ONDA
22.11.1 Business Overview
22.11.2 Product Offerings
22.11.3 Key Strategy
22.11.4 Key Strength
22.12 Backer Springfield
22.12.1 Business Overview
22.12.2 Product Offerings
22.12.3 Key Strategy
22.12.4 Key Strength
22.13 Soler & Palau
22.13.1 Business Overview
22.13.2 Product Offerings
22.13.3 Key Strategies
22.13.4 Key Strengths
22.14 Hitachi
22.14.1 Business Overview
22.14.2 Product Offerings
22.14.3 Key Strategy
22.14.4 Key Strength
22.15 Alfa Laval
22.15.1 Business Overview
22.15.2 Product Offerings
22.15.3 Key Strategies
22.15.4 Key Strengths
22.16 LG Electronics
22.16.1 Business Overview
22.16.2 Product Offerings
22.16.3 Key Strategies
22.16.4 Key Strengths
22.17 Zehnder
22.17.1 Business Overview
22.17.2 Product Offerings
22.17.3 Key Strategies
22.17.4 Key Strengths
23 REPORT SUMMARY
23.1 Key Takeaways
23.2 Strategic Recommendations
24 QUANTITATIVE SUMMARY
24.1 Market By Geography
24.1.1 Market Size & Forecast
24.2 Market By Equipment
24.2.1 Market Size & Forecast
24.3 Market By Ac Equipment
24.3.1 Market Size & Forecast
24.4 Market By Heating Equipment
24.4.1 Market Size & Forecast
24.5 Market By Ventilation Equipment
24.5.1 Market Size & Forecast
24.6 Market By Application
24.6.1 Market Size & Forecast
24.7 Market By Commercial Application
24.7.1 Market Size & Forecast
25 APPENDIX
25.1 Abbreviations
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation by Equipment
4.3.2 Market Segmentation by Application
5 REPORT ASSUMPTIONS & CAVEATS
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 Overview
7.2 COVID-19 Impact
7.2.1 Construction Industry
8 MARKET OPPORTUNITIES & TRENDS
8.1 Smart HVAC Becoming the New Norm
8.2 Systems Go Ductless
8.3 Zoning into Zoning
8.4 Conducive Environment for Contractors
9 MARKET GROWTH ENABLERS
9.1 Energy Economy Spawns Upgrades
9.2 Renewed Focus on Comfort, Functionality, and Health
9.3 Home Improvement Cycles and Housing Boom
9.4 Climbing Climate Emergencies and Shifting weather patterns
10 MARKET RESTRAINTS
10.1 Phasedowns, Standards, and Regulations in Constant Flux
10.2 Intractable Data Security Issues
10.3 Inadequate Workforce
10.4 Lack of Sufficient Disruption
11 MARKET LANDSCAPE
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 EQUIPMENT
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 AIR CONDITIONING
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.2.1 Market Size & Forecast
13.3 RAC
13.3.1 Market Size & Forecast
13.4 CAC
13.4.1 Market Size & Forecast
13.5 Chillers
13.5.1 Market Size & Forecast
13.6 Heat Exchangers
13.6.1 Market Size & Forecast
13.7 Others
13.7.1 Market Size & Forecast
14 HEATING
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.2.1 Market Size & Forecast
14.3 FURNACE
14.3.1 Market Size & Forecast
14.4 HEAT PUMP
14.4.1 Market Size & Forecast
14.5 BOILER UNITS
14.5.1 Market Size & Forecast
14.6 OTHERS
14.6.1 Market Size & Forecast
15 VENTILATION
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.2.1 Market Size & Forecast
15.3 Air Handling Units
15.3.1 Market Size & Forecast
15.4 Air Filters
15.4.1 Market Size & Forecast
15.5 Humidifiers And Dehumidifiers
15.5.1 Market Size & Forecast
15.6 Fan Coil Units
15.6.1 Market Size & Forecast
15.7 Others
15.7.1 Market Size & Forecast
16 APPLICATION
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
17 RESIDENTIAL
17.1 Market Size & Forecast
18 COMMERCIAL
18.1 Market Snapshot & Growth Engine
18.2 Market Size & Forecast
18.3 Office Spaces
18.3.1 Market Size & Forecast
18.4 Airports & Public Spaces
18.4.1 Market Size & Forecast
18.5 Hospitality
18.5.1 Market Size & Forecast
18.6 Healthcare Facilities
18.6.1 Market Size & Forecast
18.7 Industrial And Others
18.7.1 Market Size & Forecast
19 REGION
19.1 Market Snapshot & Growth Engine
19.2 Geographic Overview
19.3 South
19.3.1 Market Size & Forecast
19.4 WEST
19.4.1 Market Size & Forecast
19.5 MID-WEST
19.5.1 Market Size & Forecast
19.6 NORTH-EAST
19.6.1 Market Size & Forecast
20 COMPETITIVE LANDSCAPE
20.1 Competition Overview
20.1 Market Ranking Analysis
21 KEY COMPANY PROFILES
21.1 Daikin
21.1.1 Business Overview
21.1.2 Product Offerings
21.1.3 Key Strategies
21.1.4 Key Strengths
21.1.5 Key Opportunities
21.2 Carrier
21.2.1 Business Overview
21.2.2 Product Offerings
21.2.3 Key Strategies
21.2.4 Key Strengths
21.2.5 Key Opportunity
21.3 Ingersoll Rand
21.3.1 Business Overview
21.3.2 Product Offerings
21.3.3 Key Strategies
21.3.4 Key Strengths
21.3.5 Key Opportunity
21.4 Lennox International
21.4.1 Business Overview
21.4.2 Product Offerings
21.4.3 Key Strategies
21.4.4 Key Strengths
21.4.5 Key Opportunity
22 OTHER PROMINENT VENDORS
22.1 Mitsubishi Electric
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strategies
22.1.4 Key Strengths
22.2 Johnson Controls
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strategies
22.2.4 Key Strengths
22.3 Danfoss
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strategies
22.3.4 Key Strengths
22.4 Honeywell
22.4.1 Business Overview
22.4.2 Product Offerings
22.4.3 Key Strategy
22.4.4 Key Strengths
22.5 Rheem Manufacturing
22.5.1 Business Overview
22.5.2 Product Offerings
22.5.3 Key Strategies
22.5.4 Key Strengths
22.6 Nortek Air Solutions
22.6.1 Business Overview
22.6.2 Product Offerings
22.6.3 Key Strategies
22.6.4 Key Strengths
22.7 Fujitsu America
22.7.1 Business Overview
22.7.2 Product Offerings
22.7.3 Key Strategies
22.7.4 Key Strengths
22.8 Dunham Bush
22.8.1 Business Overview
22.8.2 Product Offerings
22.8.3 Key Strategies
22.8.4 Key Strengths
22.9 TCL
22.9.1 Business Overview
22.9.2 Product Offerings
22.9.3 Key Strategies
22.9.4 Key Strengths
22.10 Camfil
22.10.1 Business Overview
22.10.2 Product Offerings
22.10.3 Key Strategies
22.11 ONDA
22.11.1 Business Overview
22.11.2 Product Offerings
22.11.3 Key Strategy
22.11.4 Key Strength
22.12 Backer Springfield
22.12.1 Business Overview
22.12.2 Product Offerings
22.12.3 Key Strategy
22.12.4 Key Strength
22.13 Soler & Palau
22.13.1 Business Overview
22.13.2 Product Offerings
22.13.3 Key Strategies
22.13.4 Key Strengths
22.14 Hitachi
22.14.1 Business Overview
22.14.2 Product Offerings
22.14.3 Key Strategy
22.14.4 Key Strength
22.15 Alfa Laval
22.15.1 Business Overview
22.15.2 Product Offerings
22.15.3 Key Strategies
22.15.4 Key Strengths
22.16 LG Electronics
22.16.1 Business Overview
22.16.2 Product Offerings
22.16.3 Key Strategies
22.16.4 Key Strengths
22.17 Zehnder
22.17.1 Business Overview
22.17.2 Product Offerings
22.17.3 Key Strategies
22.17.4 Key Strengths
23 REPORT SUMMARY
23.1 Key Takeaways
23.2 Strategic Recommendations
24 QUANTITATIVE SUMMARY
24.1 Market By Geography
24.1.1 Market Size & Forecast
24.2 Market By Equipment
24.2.1 Market Size & Forecast
24.3 Market By Ac Equipment
24.3.1 Market Size & Forecast
24.4 Market By Heating Equipment
24.4.1 Market Size & Forecast
24.5 Market By Ventilation Equipment
24.5.1 Market Size & Forecast
24.6 Market By Application
24.6.1 Market Size & Forecast
24.7 Market By Commercial Application
24.7.1 Market Size & Forecast
25 APPENDIX
25.1 Abbreviations
LIST OF EXHIBITS
Exhibit 1 Segmentation of HVAC Market in US
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 Quarterly Review of the Market in 2020
Exhibit 4 Impact of Smart HVAC Becoming the New Norm
Exhibit 5 The Case for the Growth of Smart HVAC
Exhibit 6 Impact of Systems Go Ductless
Exhibit 7 Impact of Zoning into Zoning
Exhibit 8 Impact of Conducive Environment for Contractors
Exhibit 9 Impact of Energy Economy Spawns Upgrades
Exhibit 10 Impact of Renewed Focus on Comfort, Functionality, and Health
Exhibit 11 The Case for Clean Air 2020
Exhibit 12 Impact of Home Improvement Cycles and Housing Boom
Exhibit 13 Home Sales, Mortgage, and Equipment Data 2020
Exhibit 14 Impact of Climbing Climate Emergencies and Shifting Weather Patterns
Exhibit 15 An Overview of Climate Crisis
Exhibit 16 Impact of Phasedowns, Standards, and Regulations in Constant Flux
Exhibit 17 Impact of Intractable Data Security Issues
Exhibit 18 Impact of Inadequate Workforce
Exhibit 19 New HVAC Jobs Projected in US between 2020?2025
Exhibit 20 Impact of Lack of Sufficient Disruption
Exhibit 21 Theoretical Maximum Efficiency Achieved by Different Industries
Exhibit 22 Residential and Commercial Supply Chain of HVAC Market in US
Exhibit 23 HVAC Market in US 2019–2025 ($ billion)
Exhibit 24 Five Forces Analysis 2019
Exhibit 25 Incremental Growth by Equipment 2019 & 2025
Exhibit 26 Growth Momentum & Market Share by Equipment
Exhibit 27 Incremental Growth by Air Conditioning Equipment 2019 & 2025
Exhibit 28 Air Conditioner Market in US 2019–2025 ($ billion)
Exhibit 29 RAC Market in US 2019–2025 ($ billion)
Exhibit 30 CAC Market in US 2019–2025 ($ billion)
Exhibit 31 Chillers Market in US 2019–2025 ($ billion)
Exhibit 32 Heat Exchangers market in US 2019–2025 ($ billion)
Exhibit 33 Other Air Conditioning Equipment Market in US 2019–2025 ($ billion)
Exhibit 34 Incremental Growth by Heating Equipment 2019 & 2025
Exhibit 35 US Energy Consumption by Energy Source in 2019
Exhibit 36 Heating Equipment Market in US 2019–2025 ($ billion)
Exhibit 37 Furnace Market in US 2019–2025 ($ billion)
Exhibit 38 Heat Pump Market in US 2019–2025 ($ billion)
Exhibit 39 Boiler Units Market in US 2019–2025 ($ billion)
Exhibit 40 Other Heating Equipment Market in US 2019–2025 ($ billion)
Exhibit 41 Incremental Growth by Ventilation Equipment 2019 & 2025
Exhibit 42 Ventilation Market in US 2019–2025 ($ billion)
Exhibit 43 Air Handling Units Market in US 2019–2025 ($ billion)
Exhibit 44 Air Filters Market in US 2019–2025 ($ billion)
Exhibit 45 Humidifiers and Dehumidifiers market in US 2019–2025 ($ billion)
Exhibit 46 Fan Coil Units Market in US 2019–2025 ($ billion)
Exhibit 47 Other Ventilation Equipment Market in US 2019–2025 ($ billion)
Exhibit 48 Incremental Growth by Application 2019 & 2025
Exhibit 49 Growth in Single and Multi-Family Housing Units in US 2015?2019 (thousand units)
Exhibit 50 Residential Sector HVAC Market in US 2019–2025 ($ billion)
Exhibit 51 Incremental Growth by Commercial Application 2019 & 2025
Exhibit 52 Commercial Sector HVAC Market in US2019–2025 ($ billion)
Exhibit 53 HVAC Market in US by Office Spaces 2019–2025 ($ billion)
Exhibit 54 HVAC Market in US by Airport & Public Spaces 2019–2025 ($ billion)
Exhibit 55 HVAC Market in US by Hospitality Sector 2019–2025 ($ billion)
Exhibit 56 HVAC Market in US by Healthcare Facilities 2019–2025 ($ billion)
Exhibit 57 HVAC Market in US by Industrial and Others 2019–2025 ($ billion)
Exhibit 58 Incremental Growth by Region 2019 & 2025
Exhibit 59 Growth Momentum and Market Share by Region
Exhibit 60 HVAC Market in Southern Region 2019–2025 ($ billion)
Exhibit 61 HVAC Market in Western Region 2019–2025 ($ billion)
Exhibit 62 HVAC Market in Mid-West Region 2019–2025 ($ billion)
Exhibit 63 HVAC Market in North-East Region 2019–2025 ($ billion)
Exhibit 64 Market Ranking Analysis 2019
Exhibit 1 Segmentation of HVAC Market in US
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 Quarterly Review of the Market in 2020
Exhibit 4 Impact of Smart HVAC Becoming the New Norm
Exhibit 5 The Case for the Growth of Smart HVAC
Exhibit 6 Impact of Systems Go Ductless
Exhibit 7 Impact of Zoning into Zoning
Exhibit 8 Impact of Conducive Environment for Contractors
Exhibit 9 Impact of Energy Economy Spawns Upgrades
Exhibit 10 Impact of Renewed Focus on Comfort, Functionality, and Health
Exhibit 11 The Case for Clean Air 2020
Exhibit 12 Impact of Home Improvement Cycles and Housing Boom
Exhibit 13 Home Sales, Mortgage, and Equipment Data 2020
Exhibit 14 Impact of Climbing Climate Emergencies and Shifting Weather Patterns
Exhibit 15 An Overview of Climate Crisis
Exhibit 16 Impact of Phasedowns, Standards, and Regulations in Constant Flux
Exhibit 17 Impact of Intractable Data Security Issues
Exhibit 18 Impact of Inadequate Workforce
Exhibit 19 New HVAC Jobs Projected in US between 2020?2025
Exhibit 20 Impact of Lack of Sufficient Disruption
Exhibit 21 Theoretical Maximum Efficiency Achieved by Different Industries
Exhibit 22 Residential and Commercial Supply Chain of HVAC Market in US
Exhibit 23 HVAC Market in US 2019–2025 ($ billion)
Exhibit 24 Five Forces Analysis 2019
Exhibit 25 Incremental Growth by Equipment 2019 & 2025
Exhibit 26 Growth Momentum & Market Share by Equipment
Exhibit 27 Incremental Growth by Air Conditioning Equipment 2019 & 2025
Exhibit 28 Air Conditioner Market in US 2019–2025 ($ billion)
Exhibit 29 RAC Market in US 2019–2025 ($ billion)
Exhibit 30 CAC Market in US 2019–2025 ($ billion)
Exhibit 31 Chillers Market in US 2019–2025 ($ billion)
Exhibit 32 Heat Exchangers market in US 2019–2025 ($ billion)
Exhibit 33 Other Air Conditioning Equipment Market in US 2019–2025 ($ billion)
Exhibit 34 Incremental Growth by Heating Equipment 2019 & 2025
Exhibit 35 US Energy Consumption by Energy Source in 2019
Exhibit 36 Heating Equipment Market in US 2019–2025 ($ billion)
Exhibit 37 Furnace Market in US 2019–2025 ($ billion)
Exhibit 38 Heat Pump Market in US 2019–2025 ($ billion)
Exhibit 39 Boiler Units Market in US 2019–2025 ($ billion)
Exhibit 40 Other Heating Equipment Market in US 2019–2025 ($ billion)
Exhibit 41 Incremental Growth by Ventilation Equipment 2019 & 2025
Exhibit 42 Ventilation Market in US 2019–2025 ($ billion)
Exhibit 43 Air Handling Units Market in US 2019–2025 ($ billion)
Exhibit 44 Air Filters Market in US 2019–2025 ($ billion)
Exhibit 45 Humidifiers and Dehumidifiers market in US 2019–2025 ($ billion)
Exhibit 46 Fan Coil Units Market in US 2019–2025 ($ billion)
Exhibit 47 Other Ventilation Equipment Market in US 2019–2025 ($ billion)
Exhibit 48 Incremental Growth by Application 2019 & 2025
Exhibit 49 Growth in Single and Multi-Family Housing Units in US 2015?2019 (thousand units)
Exhibit 50 Residential Sector HVAC Market in US 2019–2025 ($ billion)
Exhibit 51 Incremental Growth by Commercial Application 2019 & 2025
Exhibit 52 Commercial Sector HVAC Market in US2019–2025 ($ billion)
Exhibit 53 HVAC Market in US by Office Spaces 2019–2025 ($ billion)
Exhibit 54 HVAC Market in US by Airport & Public Spaces 2019–2025 ($ billion)
Exhibit 55 HVAC Market in US by Hospitality Sector 2019–2025 ($ billion)
Exhibit 56 HVAC Market in US by Healthcare Facilities 2019–2025 ($ billion)
Exhibit 57 HVAC Market in US by Industrial and Others 2019–2025 ($ billion)
Exhibit 58 Incremental Growth by Region 2019 & 2025
Exhibit 59 Growth Momentum and Market Share by Region
Exhibit 60 HVAC Market in Southern Region 2019–2025 ($ billion)
Exhibit 61 HVAC Market in Western Region 2019–2025 ($ billion)
Exhibit 62 HVAC Market in Mid-West Region 2019–2025 ($ billion)
Exhibit 63 HVAC Market in North-East Region 2019–2025 ($ billion)
Exhibit 64 Market Ranking Analysis 2019
LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2013?2019
Table 3 Estimated increase in HVAC positions 2019?2025
Table 4 Daikin: Major Product Offerings
Table 5 Carrier: Major Product Offerings
Table 6 Ingersoll Rand: Major Product Offerings
Table 7 Lennox International: Major Product Offerings
Table 8 Mitsubishi Electric: Major Product Offerings
Table 9 Johnson Controls: Major Product Offerings
Table 10 Danfoss: Major Product Offerings
Table 11 Honeywell: Major Product Offerings
Table 12 Rheem Manufacturing: Major Product Offerings
Table 13 Nortek Air Solutions: Major Product Offerings
Table 14 Fujitsu America: Major Product Offerings
Table 15 Dunham Bush: Major Product Offerings
Table 16 TCL: Major Product Offerings
Table 17 Camfil: Major Product Offerings
Table 18 Onda: Major Product Offerings
Table 19 Backer Springfield: Major Product Offerings
Table 20 Soler & Palau: Major Product Offerings
Table 21 Hitachi: Major Product Offerings
Table 22 Alfa Laval: Major Product Offerings
Table 23 LG Electronics: Major Product Offerings
Table 24 Zehnder: Major Product Offerings
Table 25 HVAC Market in US by Geography 2019?2025 ($ billion)
Table 26 HVAC Market in US by Geography 2019?2025 (Revenue %)
Table 27 HVAC Market in US by Equipment 2019?2025 ($ billion)
Table 28 HVAC Market in US by Equipment 2019?2025 (Revenue %)
Table 29 HVAC Market in US by AC Equipment 2019?2025 ($ billion)
Table 30 HVAC Market in US by AC Equipment 2019?2025 (Revenue %)
Table 31 HVAC Market in US by Heating Equipment 2019?2025 ($ billion)
Table 32 HVAC Market in US by Heating Equipment 2019?2025 (Revenue %)
Table 33 HVAC Market in US by Ventilation Equipment 2019?2025 ($ billion)
Table 34 HVAC Market in US by Ventilation Equipment 2019?2025 (Revenue %)
Table 35 HVAC Market in US by Application 2019?2025 ($ billion)
Table 36 HVAC Market in US by Application 2019?2025 (Revenue %)
Table 37 HVAC Market in US by Commercial Application 2019?2025 ($ billion)
Table 38 HVAC Market in US by Commercial Application 2019?2025 (Revenue %)
Table 1 Key Caveats
Table 2 Currency Conversion 2013?2019
Table 3 Estimated increase in HVAC positions 2019?2025
Table 4 Daikin: Major Product Offerings
Table 5 Carrier: Major Product Offerings
Table 6 Ingersoll Rand: Major Product Offerings
Table 7 Lennox International: Major Product Offerings
Table 8 Mitsubishi Electric: Major Product Offerings
Table 9 Johnson Controls: Major Product Offerings
Table 10 Danfoss: Major Product Offerings
Table 11 Honeywell: Major Product Offerings
Table 12 Rheem Manufacturing: Major Product Offerings
Table 13 Nortek Air Solutions: Major Product Offerings
Table 14 Fujitsu America: Major Product Offerings
Table 15 Dunham Bush: Major Product Offerings
Table 16 TCL: Major Product Offerings
Table 17 Camfil: Major Product Offerings
Table 18 Onda: Major Product Offerings
Table 19 Backer Springfield: Major Product Offerings
Table 20 Soler & Palau: Major Product Offerings
Table 21 Hitachi: Major Product Offerings
Table 22 Alfa Laval: Major Product Offerings
Table 23 LG Electronics: Major Product Offerings
Table 24 Zehnder: Major Product Offerings
Table 25 HVAC Market in US by Geography 2019?2025 ($ billion)
Table 26 HVAC Market in US by Geography 2019?2025 (Revenue %)
Table 27 HVAC Market in US by Equipment 2019?2025 ($ billion)
Table 28 HVAC Market in US by Equipment 2019?2025 (Revenue %)
Table 29 HVAC Market in US by AC Equipment 2019?2025 ($ billion)
Table 30 HVAC Market in US by AC Equipment 2019?2025 (Revenue %)
Table 31 HVAC Market in US by Heating Equipment 2019?2025 ($ billion)
Table 32 HVAC Market in US by Heating Equipment 2019?2025 (Revenue %)
Table 33 HVAC Market in US by Ventilation Equipment 2019?2025 ($ billion)
Table 34 HVAC Market in US by Ventilation Equipment 2019?2025 (Revenue %)
Table 35 HVAC Market in US by Application 2019?2025 ($ billion)
Table 36 HVAC Market in US by Application 2019?2025 (Revenue %)
Table 37 HVAC Market in US by Commercial Application 2019?2025 ($ billion)
Table 38 HVAC Market in US by Commercial Application 2019?2025 (Revenue %)
