U.S. HVAC Systems Market

Introduction of the U.S. HVAC Systems Market Report

HVAC stands for heating, ventilation, and air conditioning. HVAC system provides heating and cooling for residential and commercial buildings. HVAC systems provide the means for environmental comfort as they can deliver both heated and cool air. HVAC system works in both the season in summer and in cold to provide cooling and heating in home as it extract heat from outside air.

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Market Dynamic

Key Drivers and Emerging Trends

The factors are driving the U.S. HVAC systems market include the increasing demand for energy-efficient systems due to changing climate conditions, and increasing construction activities with growing environmental awareness among the people in the United States. Although the HVAC system market has experienced a slight slump in 2020 due to the Covid-19 pandemic as several leading companies have experienced elevated sales due to lockdown and government restrictions in the country. However, rising cooling demand during peak demand periods and extreme heat events have stimulated the US HVAC system market growth. Also, the growing sale of cooling systems due to the surge in demand and changing climate conditions have propelled the HVAC system market in the U.S. For instance, according to the International Energy Organization Report in 2019, globally, 2 billion units of air conditioning have been sold. Among this, 13% of air conditioning is sold in the United States.

Restraint in the U.S. HVAC Systems Market

However, strict rules and regulations related to the emission from the HVAC systems and the lack of manufacturing facilities in the United States may hamper the market growth.

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Based on the application, the air conditioning segment has the highest demand due to rising demand for the new constructions with the surge in consumer spending due to an increase in the disposable income of the people in the United States. For instance, according to the consumer reports organization, in 2021, more than 75% of the U.S. residential population uses air conditioning. Almost 90% of new residential buildings are being equipped with central air conditioning. It created a massive demand for the air-conditioning segmental growth. Also, the rising eco-conscious among the consumers have been increased the demand for more energy-efficient air conditioners.

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Key Developments:

• • In 2021, Chad’s AC Direct has launched new heating and air conditioning installation service in Millbrook, Alabama, and serves Prattville and Wetumpka, United States.
  • In 2020, Johnson Controls International plc launched a new HVAC rooftop center of excellence in Oklahoma, United States, for the research, manufacturing, and testing of HVAC rooftop units.

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Key questions answered in this research report:

• • At what pace is U.S. HVAC Systems market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in U.S. HVAC Systems market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of U.S. HVAC Systems market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?