DUBLIN–(BUSINESS WIRE)–The “North America HVAC Market Report and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The North America HVAC market attained a value of almost USD 45.64 billion in 2021. Aided by technological innovations, the market is estimated to further grow at a CAGR of 4.1% between 2022 and 2027.
HVAC is short for heating, ventilation, and air conditioning systems. HVAC solutions include different structures, equipment, as well as technology that are able to improve and increase comfort indoors through an optimum temperature maintenance. They can be used in diverse locations, such as residential, industrial, office, and commercial places, including restaurants and malls.
The development of eco-friendly, energy-efficient, and portable cooling systems by market players led to the market expansion of HVAC in recent years. Additionally, VRF systems have the potential to reduce energy consumption and costs, which is driving demand for the system in the North American region.
Going further, VRF systems have the potential to reduce energy consumption and costs, which is driving the market growth of HVAC in the North American region. Also, VRF systems use environmentally friendly refrigerants like HFC-32, which have low GWP, thereby contributing to reduced greenhouse gas emissions.
Moreover, these systems are noiseless, able to precisely control temperatures, can handle higher loads when the individual AC units are operated in summer, which is contributing to the market growth. Systems used for heating, including heat pumps, furnaces, and boilers, among others, generate heat efficiently during winters and witness high growth in this region. The key players operating in the HVAC market have been increasingly investing in research and development for new and innovative technological solutions, which is further expected to fuel the market growth in the years to come. Further, the growing application of HVAC in smart homes is anticipated to bolster the market for HVAC in North America over the forecast period.
Market Segmentation
The market report analyses the market based on segmentations such as equipments, implementation types, end uses, and major regions.
Market Breakup by Equipment
- Heating
- Heat Pumps
- Furnaces
- Boilers
- Others
- Ventilation
- Air-Handling Units
- Air Filters and Purifiers
- Ventilation Fans
- Dehumidifiers and Humidifiers
- Others
- Cooling
- Unitary Air Conditioners
- VRF Systems
- Chillers
- Window and Portable Air Conditioners
- Cooling Towers
- Others
Market Segmentation by Implementation Type
- New Constructions
- Retrofits
Market Breakup by End Use
- Residential
- Commercial
- Industrial
Market Breakup by Regions
Key Topics Covered:
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
6 Snapshot
7 Industry Opportunities and Challenges
8 North America HVAC Market Analysis
9 Regional Analysis
10 Market Dynamics
11 Value Chain Analysis
12 Competitive Landscape
13 Industry Events and Development
Companies Mentioned
- Rheem Manufacturing Company
- Trane Technologies plc
- Lennox International Inc.
- Carrier Global Corporation
- Daikin Industries, Ltd.
- Honeywell International Inc.
- Johnson Controls International plc
For more information about this report visit https://www.researchandmarkets.com/r/d03zhz
