Dublin, June 21, 2024 (GLOBE NEWSWIRE) -- The "US HVAC Equipment Market Report: Trends, Forecast and Competitive Analysis [2024-2030]" report has been added to ResearchAndMarkets.com's offering.
The US HVAC equipment market is expected to reach an estimated $33.3 billion by 2030, and it is forecast to grow at a CAGR of 3.9% from 2024 to 2030.
The future of the US HVAC equipment market looks good with opportunities in commercial and residential sectors. The major drivers for market growth are higher rate of building renovation and federal tax credits offered in the US to make existing facilities energy efficient and to control greenhouse gas emissions. Emerging trends, which have a direct impact on the dynamics of the industry, include green HVAC systems, nanotechnology in air conditioning systems, and use of solar power for heating and cooling in US HVAC equipment market.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies US HVAC equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
US HVAC Equipment Market Insights
- Commercial will remain the largest segment over the forecast period due to increasing commercial construction activity and the demand for heat pumps, which expected to surge in low penetrated markets.
- Furnace, heat pump, central AC, and room AC are the major products. Central AC will remain the largest segment over the forecast period.
Features of the US HVAC Equipment Market
- Market Size Estimates: US HVAC equipment market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments.
- Segmentation Analysis: US HVAC equipment market size by various segments, such as product, and end use.
- Growth Opportunities: Analysis on growth opportunities in different product, and end use for US HVAC equipment market.
- Strategic Analysis: This includes M&A and competitive landscape for the US HVAC equipment.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Key Topics Covered:
1. Executive Summary
2. US HVAC Equipment Market Background and Classifications
2.1: Introduction
2.1.1: Industry Classification
2.1.2: Markets Served
2.1.3: Supply Chain
3. Market Trend and Forecast Analysis
3.1: Market Analysis 2023
3.1.1: US HVAC Equipment Market by Value
3.1.2: US HVAC Equipment Market by Value
3.1.3: Macroeconomic Trend
3.1.4: Market Drivers and Challenges
3.2: Market Forecast 2024-2030
3.2.1: Macroeconomic Forecast
4. Competitor Analysis
4.1: Product Portfolio Analysis
4.2: Market Share Analysis
4.3: Porter's Five Forces Analysis
5. Growth Opportunity & Strategic Analysis
5.1: Growth Opportunities Analysis
5.2: Emerging Trends in US HVAC Equipment Market
5.3: Strategic Analysis
5.3.1: New Product Development
5.4: Innovations in US HVAC Equipment Market
5.5: Mergers and Acquisitions in US HVAC Equipment Market
6. Company Profiles of Leading Players
6.1: Lennox International
6.2: Nortek
6.3: Johnson Control
6.4: United Technologies Corporation
6.5: Emerson Electric
6.6: LSB Industries
For more information about this report visit https://www.researchandmarkets.com/r/4q3o8p
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
