U.S. HVAC Systems Market Size Worth USD 59.27 Billion by 2034 | CAGR: 7.1%

The U.S. HVAC systems market size is expected to reach USD 59.27 billion by 2034, according to a new study by Polaris Market Research. The report “U.S. HVAC Systems Market Size, Share, Trends, Industry Analysis Report By Equipment (Heating, Ventilation, Cooling), By Application, By Distribution Channel – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

HVAC systems refer to heating, ventilation, and air conditioning systems that regulate indoor temperature, air quality, and comfort in residential, commercial, and industrial spaces. They include various components such as air conditioners, heat pumps, furnaces, ductwork, and ventilation units.

Many homes and commercial buildings in the U.S. are equipped with outdated HVAC systems that no longer meet current efficiency or environmental standards. Homeowners and businesses are increasingly replacing them with modern, energy-efficient systems as heating and cooling units wear out. Government incentives, tax rebates, and financing options make these upgrades more affordable. Additionally, older systems require frequent repairs and consume more energy, making new installations a cost-effective choice in the long run. This growing need for system replacements is driving the expansion of the U.S. HVAC systems market.

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The rising awareness around indoor air quality, especially in schools, offices, hospitals, and homes is driving the demand. U.S. consumers and building managers now prioritize HVAC systems that filter pollutants, reduce humidity, and improve air circulation. Advanced systems equipped with HEPA filters, UV-C light, and air purifiers have become more popular. Government funding for school ventilation improvements and updated building codes emphasizing IAQ have accelerated demand for such systems. IAQ-enhancing HVAC technologies are becoming essential features as health-consciousness continues to grow, driving growth in the U.S. market.

U.S. HVAC Systems Market Report Highlights

• In 2024, the heating segment held the largest market share, driven by cold seasonal weather in northern and midwestern U.S. regions.
• The cooling segment is expected to register a significant growth in the coming years, due to rising temperatures and extended summer seasons linked to climate change.
• The commercial segment is projected to grow notably during the forecast period, fueled by rapid expansion in offices, healthcare, hospitality, and education sectors.
• The retail stores segment dominated with the largest share, supported by the convenience and wide product variety available in both physical and online stores
• A few key market players are AAON, Bosch Group, Carrier Corporation, DAIKIN INDUSTRIES Ltd., Danfoss AS, Frigidaire HVAC, Fujitsu, Haier Group, Honeywell International Inc., Johnson Controls, Lennox International Inc., LG Electronics, Midea, Mitsubishi Electric Corporation, Munters, Panasonic Corporation, Rheem Manufacturing Company, SAMSUNG, STULZ Air Technology Systems, Inc., and Trane.

Polaris Market Research has segmented the U.S. HVAC systems market report based on equipment, application, and distribution channel:

By Equipment (Revenue - USD Billion, 2020–2034)

• Heating
  • Heat Pump
  • Furnace
  • Unitary Heaters
  • Boilers
  • Electric Baseboards
  • Heating Cables
  • Others
• Ventilation
  • Air Purifier
  • Dehumidifier
  • Air Handling Units
  • Ventilation Fans
  • Others
• Cooling
  • Air Conditioning
  • Chillers
  • Cooling Towers
  • Others

By Application (Revenue - USD Billion, 2020–2034)

• Residential
• Commercial
• Industrial

By Distribution Channel (Revenue - USD Billion, 2020–2034)

• Online
• Retail Stores
• Wholesale Stores
• Others