In 2019, the U.S. HVAC (heating, ventilation, and air conditioning) service market generated a revenue of $25,625.8 million and is predicted to progress at a CAGR of 3.1% between 2020 and 2030. Furthermore, the market would reach a valuation of $35,714.5 million in 2030. The increasing focus on environmental sustainability and green energy are pushing up the requirement for HVAC systems and services. In addition to this, the increasing construction and infrastructural development activities in the country are fueling market advancement.
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The COVID-19 pandemic has completely transformed the way people go about their daily lives. With strict social distancing becoming highly essential for controlling the spread of the virus, many HVAC companies are witnessing extremely slow revenue generation and even negative growth rates in some countries.
Depending on the type, the U.S. HVAC service market is divided into consulting, installation, maintenance & repair, and up-gradation/replacement. Out of these, the up-gradation/replacement category recorded the highest growth in the market in the past. In the future years, the consulting category is predicted to demonstrate the highest growth rate in the market in the forthcoming years. Visual inspection is included in consulting services and it is conducted by an HVAC technician, who identifies and detects the potential issues and problems in the HVAC system before recommending it for thorough maintenance.
This market research report provides a comprehensive overview of the U.S. HVAC service market
The major players operating in the U.S. HVAC service market are Dave’s Cooling & Heating, True Cool Air Conditioning Service Inc., One Hour Heating & Air Conditioning, AmeriCool LLC, Johnson Controls International plc, Emerson Electric Co., Carrier Global Corporation, National HVAC Service, Daikin Industries Ltd., Trane Technologies plc, The BP Group, Lennox International Inc, Murphy & Miller Inc, and CLS Facility Services.
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The research includes a detailed analysis of:
Based on Type
Based on Equipment Type
Based on Implementation Type
Based on End-User
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