Lucintel Forecasts Us Hvac Equipment Market To Reach $33 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the US HVAC equipment market is projected to reach an estimated $33 billion by 2030 from $26 billion in 2023, at a CAGR of 3.9% from 2024 to 2030. Growth in this market is primarily driven by 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.
Browse 56 figures/charts and 15 tables in this 106-page report to understand trends, opportunities and forecast in US HVAC equipment market by product (furnace, heat pump, central AC, room AC, and others) and end use (residential and commercial (office, retail, hospitality, education, healthcare, and others).
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.
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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.
Major players of US HVAC equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Lennox International Inc., Nortek Inc., United Technologies Corporation, Emerson Electric, and LSB Industries, Inc. are the major suppliers in the US HVAC equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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