The United States HVAC market was valued at USD 32.95 Billion in 2025. The industry is expected to grow at a CAGR of 5.60% during the forecast period of 2026-2035 to attain a valuation of USD 56.82 Billion by 2035.
Base Year
Historical Period
Forecast Period
The construction spending for March 2024 reached $2,083.9 billion, reflecting a marginal increase of 0.2 per cent.
Annually, the U.S. replaces three million heating and cooling systems, spending approximately $14 billion on HVAC services and repairs.
The U.S. HVAC service market, as per the U.S. Census Bureau, is forecast to grow at a steady pace during the forecast period.
Compound Annual Growth Rate
5.6%
Value in USD Billion
2026-2035
*this image is indicative*
The demand for furnaces in the United States HVAC market is driven by a combination of climatic necessity, technological advancement, economic consideration, and established fuel supply infrastructure.
Furnaces represent the predominant heating equipment in residential buildings, operating on various fuels like propane, electricity, natural gas, or oil. Furnaces, through heat transfer between indoor and outdoor spaces, offer both cooling and heating functionalities. While geothermal heat pumps boast higher efficiency despite requiring substantial initial investments, air-source heat pumps are more common in moderate climates.
In February 2024, Midea, a notable innovator in the HVAC industry, launched its primary national showroom and distribution hub in Queens, New York. This underscores Midea's commitment to broadening access to heat pump technology, aiming to seamlessly integrate it into American homes.
Heat pumps play a pivotal role in HVAC systems, providing efficient heating and cooling solutions for residential, commercial, and industrial settings. Renowned for their energy efficiency compared to conventional systems, they transfer heat rather than generate it, resulting in lower energy consumption. Modern heat pumps are engineered to operate effectively year-round, offering cooling in summers and warmth in winters, translating to significant savings on energy bills for homeowners and businesses.
United States HVAC Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Equipment
Market Breakup by Implementation Type
Market Breakup by End Use
Market Breakup by Region
Residential HVAC systems offer year-round comfort with energy-efficient heating, ventilation, and air conditioning, improving indoor air quality and enabling convenient temperature control. These systems elevate home resale values, emphasising comfort and energy conservation. Commercial HVAC systems prioritise indoor comfort, boosting productivity and customer satisfaction while emphasising energy efficiency and regulatory compliance, promoting sustainability and a healthy work environment.
The company excels in crafting and producing an extensive array of products and solutions spanning automotive technology, industrial equipment, consumer goods, and energy and building technology sectors.
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The market is projected to grow at a CAGR of 5.60% between 2026 and 2035.
The equipment market is categorised into Heating, ventilation, and cooling.
The United States HVAC market key players are Lennox International Inc, Carrier Global Corporation, DAIKIN INDUSTRIES, Ltd, Johnson Controls International plc, LG Electronics Inc., Nortek Global HVAC LLC, Mitsubishi Electric Corporation, Midea Group Co. Ltd., Fujitsu General Ltd., Trane Technologies International Limited, and Robert Bosch GmbH among others.
Based on the type, the market is divided into residential, commercial, and industrial.
The market is broken down into New England, Mideast, and Great Lakes. Plains. Southeast, Southwest, Rocky Mountains, and Far West.
In 2025, the market attained a value of nearly USD 32.95 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 56.82 Billion by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Equipment |
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| Breakup by Implementation Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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