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.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historical
Years
|
2018 – 2021
|
|
Estimated
Year
|
2023E
|
|
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]