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US HVAC Equipment Market Trends and Forecast

The future of the US HVAC equipment market looks good with opportunities in commercial and residential sectors. The US HVAC equipment market is expected to reach an estimated $33.3 billion by 2030, and it is forecast to grow at a CAGR of 3.9% from 2024 to 2030. The major drivers for market growth are higher rate of building renovation and federal tax credits offered in the US to make existing facilities energy efficient and to control greenhouse gas emissions.

US HVAC Equipment Market by Product and End Use

Emerging Trends in the US HVAC Equipment Market

Emerging trends, which have a direct impact on the dynamics of the industry, include green HVAC systems, nanotechnology in air conditioning systems, and use of solar power for heating and cooling in US HVAC equipment market.
A total of 56 figures / charts and 15 tables are provided in this 106-page report to help in your business decisions. A sample figure with some insights is shown below. Growth in various segments of the US HVAC equipment market are given below:

US HVAC Equipment Market by Segments

US HVAC Equipment Market by Segment

In this market, commercial is the largest end use market, whereas central AC is largest market by product type. 
The study includes trends and forecast for the US HVAC equipment market by product and end use as follows:

US HVAC Equipment Market By Product [$B shipment analysis from 2018 to 2030]:

  • Furnace                                          
  • Heat Pump
  • Central AC                                      
  • Room AC
  • Others

US HVAC Equipment Market By End Use [$B shipment analysis from 2018 to 2030]:

  • Residential
  • Commercial
    • Office
    • Retail
    • Hospitality
    • Education
    • Healthcare
    • Others

List of US HVAC Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies US HVAC equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the US HVAC equipment companies profiled in this report includes.

US HVAC Equipment Market Insights

  • Lucintel forecasts that commercial will remain the largest segment over the forecast period due to increasing commercial construction activity and the demand for heat pumps, which expected to surge in low penetrated markets.
  • Within the US HVAC equipment market, furnace, heat pump, central AC, and  room AC are the major products. Central AC will remain the largest segment over the forecast period.

Features of the US HVAC Equipment Market

  • Market Size Estimates: US HVAC equipment market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments.
  • Segmentation Analysis: US HVAC equipment market size by various segments, such as product, and end use.
  • Growth Opportunities: Analysis on growth opportunities in different product, and end use for US HVAC equipment market.
  • Strategic Analysis: This includes M&A and competitive landscape for the US HVAC equipment.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the US HVAC equipment market size?
Answer: The US HVAC equipment market is expected to reach an estimated $33.3 billion by 2030.
Q2. What is the growth forecast for US HVAC equipment market?
Answer: The US HVAC equipment market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the US HVAC equipment market?
Answer: The major drivers for this market are higher rate of building renovation and federal tax credits offered in the US to make existing facilities energy-efficient and to control greenhouse gas emissions.
Q4. What are the major applications or end use industries for US HVAC equipment?
Answer: Commercial and residential are the major end use of US HVAC equipment.
Q5. What are the emerging trends in US HVAC equipment market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include include green HVAC systems, nanotechnology in air conditioning systems, and use of solar power for heating and cooling in US HVAC equipment market..
Q6. Who are the key US HVAC equipment companies?
Answer: Some of the key US HVAC equipment companies are as follows:

  • Lennox International Inc.
  • Nortek Inc.
  • United Technologies Corporation
  • Emerson Electric
  • LSB Industries, Inc

Q7.Which US HVAC equipment product segment will be the largest in future?
Answer: Lucintel forecasts that cental AC will remain the largest product segment over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising, high growth opportunities for the US HVAC equipment market by product (furnace, heat pump, central AC, room AC, and others) and by end use (residential and commercial (office, retail, hospitality, education, healthcare, and others))?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the US HVAC equipment market?
Q.4 What are the business risks and threats to the US HVAC equipment market?
Q.5 What are emerging trends in this US HVAC equipment market and the reasons behind them?
Q.6 What are some changing demands of customers in the US HVAC equipment market?
Q.7 What are the new developments in the US HVAC equipment market? Which companies are leading these developments?
Q.8 Who are the major players in the US HVAC equipment market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in the US HVAC equipment market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M&A activities did take place in the last five years in the US HVAC equipment market?

For any questions related to the US HVAC equipment market or related to US HVAC equipment market share, US HVAC equipment market analysis, and US HVAC equipment market size, write to Lucintel analysts at
helpdesk@lucintel.com. We will be glad to get back to you soon.


Table of Contents
1. Executive Summary

2. US HVAC Equipment Market Background and Classifications
2.1: Introduction
2.1.1: Industry Classification
2.1.2: Markets Served
2.1.3: Supply Chain

3. Market Trend and Forecast Analysis
3.1: Market Analysis 2023
3.1.1: US HVAC Equipment Market by Value
3.1.2: US HVAC Equipment Market by Value
3.1.3: Macroeconomic Trend
3.1.4: Market Drivers and Challenges
3.2: Market Forecast 2024–2030
3.2.1: Macroeconomic Forecast

4. Competitor Analysis
4.1: Product Portfolio Analysis
4.2: Market Share Analysis
4.3: Porter’s Five Forces Analysis

5. Growth Opportunity & Strategic Analysis
5.1: Growth Opportunities Analysis
5.2: Emerging Trends in US HVAC Equipment Market
5.3: Strategic Analysis
5.3.1: New Product Development
5.4: Innovations in US HVAC Equipment Market
5.5: Mergers and Acquisitions in US HVAC Equipment Market

6. Company Profiles of Leading Players
6.1: Lennox International
6.2: Nortek
6.3: Johnson Control
6.4: United Technologies Corporation
6.5: Emerson Electric
6.6: LSB Industries
.

Buy full report or by chapter as follows

Price by License Type:
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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: US HVAC Equipment Market Report: Trends, Forecast and Competitive Analysis [2024-2030] Full Report $ 4,850
56 figures/charts and 15 tables are provided in this 106 - page report
Chapter - 1: Executive Summary 6 $ 435
Executive Summary
Chapter - 2: HVAC Insulation Market Background and Classifications 17 $ 218
2.            HVAC Insulation Market Background and Classifications 
2.1          Introduction       
2.2          Industry Classification    
2.3          Market Served  
2.4          Supply Chain      
Chapter - 3: Market Trends and Forecast Analysis 92 $ 1,740
3.            Market Trends and Forecast Analysis      
3.1          Market Analysis 2015     
3.1.1      Global HVAC Insulation Market by Material (Value and Volume)                
3.1.1.1   Plastic Foam Insulation Market by Region             
3.1.1.2   Fiberglass Insulation Market by Region  
3.1.1.3   Stone Wool HVAC Insulation Market by Region  
3.1.2      Global HVAC Insulation Market by Component (Value and Volume)        
3.1.2.1   Duct Insulation Market by Region             
3.1.2.2   Pipe Insulation Market by Region             
3.1.3      Global HVAC Insulation Market by End Use Industry (Value and Volume)              
3.1.4      Global HVAC Insulation Market by Region (Value and Volume)   
3.2          Market Trends 2010-2015             
3.2.1      Macroeconomic Trends                
3.2.2      Trends of the Global HVAC Insulation Market by Value and Volume         
3.2.2.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.2.2.2   Market by Component: Ducts and Pipes               
3.2.2.3   Market by End Use Industry: Residential, Healthcare and Institutional, Manufacturing and Industrial, Office, Retail, and Others         
3.2.3      Trends of the North American HVAC Insulation Market by Value and Volume     
3.2.3.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.2.3.2   Market by Component: Ducts and Pipes               
3.2.4      Trends of the European HVAC Insulation Market by Value and Volume  
3.2.4.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.2.4.2   Market by Component: Ducts and Pipes               
3.2.5      Trends of the APAC HVAC Insulation Market by Value and Volume          
3.2.5.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others   
3.2.5.2   Market by Component: Ducts and Pipes               
3.2.6      Trends of the ROW HVAC Insulation Market by Value and Volume           
3.2.6.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.2.6.2   Market by Component: Ducts and Pipes              
3.3 Industry Drivers and Challenges        
3.4          Market Forecast from 2016 to 2021          
3.4.1      Macroeconomic Forecast             
3.4.2      Forecast for the Global HVAC Insulation Market by Value and Volume    
3.4.2.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.4.2.2   Market by Component: Ducts and Pipes               
3.4.2.3   Forecast for the Global HVAC Insulation Market by End Use Industry from 2016 to 2021
3.4.3      Forecast for the North American HVAC Insulation Market by Value and Volume                                                
3.4.3.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.4.3.2   Market by Component: Ducts and Pipes               
3.4.4      Forecast for the European HVAC Insulation Market by Value and Volume             
3.4.4.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.4.4.2   Market by Component: Ducts and Pipes               
3.4.5      Forecast for the APAC HVAC Insulation Market by Value and Volume     
3.4.5.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool and Others      
3.4.5.2   Market by Component: Ducts and Pipes               
3.4.6      Forecast for the ROW HVAC Insulation Market by Value and Volume      
3.4.6.1   Market by Material: Plastic Foam, Fiberglass, Stone Wool, and Others    
3.4.6.2   Market by Component: Ducts and Pipes               
Chapter - 4: Competitor Analysis 6 $ 2,248
4.            Competitor Analysis       
4.1          Product Portfolio Analysis            
4.2          Market Share Analysis   
4.3          Operational Integration                
4.4          Geographical Reach        
4.5          Porter’s Five Forces Analysis       
Chapter - 5: Growth Opportunity and Strategic Analysis 14 $ 725
5.            Growth Opportunity and Strategic Analysis         
5.1          Growth Opportunities Analysis  
5.1.1      Growth Opportunities for the Global HVAC Insulation Market by Material            
5.1.2      Growth Opportunities for the Global HVAC Insulation Market by Component     
5.1.3      Growth Opportunities for the Global HVAC Insulation Market by End Use Industry           
5.1.4      Growth Opportunities for the Global HVAC Insulation Market by Region               
5.2          Emerging Trends in the Global HVAC Insulation Market  
5.3          Strategic Analysis             
5.3.1      New Product Development        
5.3.2      Capacity Expansion of the Global HVAC Insulation Market            
5.3.3      Certification and Licensing           
5.3.4      Technology Development            
5.3.5      Mergers, Acquisitions and Joint Ventures in the Global HVAC Insulation Market                                                
Chapter - 6: Company Profiles of Leading Players 9 $ 508
6.            Company Profiles of Leading Players       
6.1          Kingspan              
6.2          Saint-Gobain      
6.3          Owens Corning 
6.4          Johns Manville  
6.5          Rockwool International 
6.6          Armacell Engineered Foams        
6.7          Knauf Insulation               
 
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.