Gitnux/Report 2026

Heating and Cooling Industry Statistics

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Heating and Cooling Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

An editor sets the topic, the inclusion criteria, and the evaluation framework before research starts.

02Source Research

AI search agents locate sources and extract each figure together with the document it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The heating and cooling industry at a glance

The global HVAC systems market reached $258.9 billion in 2025, while heat pumps, air conditioners and energy-efficiency upgrades are reshaping demand across residential, commercial and industrial buildings.

$258.9B[80]
Global HVAC market, 2025
7.0%[80]
HVAC market CAGR, 2026–2033
200M units[19]
Global AC shipments, 2024
440,900[24]
U.S. HVAC technicians, 2025
Market size
The global HVAC systems market was valued at $258.9 billion in 2025. Grand View Research estimates that it will reach $277.8 billion in 2026 and $445.7 billion by 2033.[80]
Forecast & CAGR
The global HVAC systems market is projected to expand at a 7.0% CAGR from 2026 to 2033. The U.S. HVAC systems market is forecast to grow at a 6.9% CAGR from 2026 to 2033, reaching $54.0 billion in 2033.[80]
Market share & regions
Asia Pacific accounted for 47.0% of global HVAC systems revenue in 2025. China remains the largest heat-pump market, while China, India, the European Union and the United States together account for more than 70% of projected growth in renewable electricity use for building heat during 2025–2030.[80][19]
Segmentation
Heating equipment represented 51.5% of HVAC systems revenue in 2025. By application, residential systems accounted for about 42% of the market in 2025, while commercial and industrial applications are expected to grow strongly as investment expands in data centers, hospitals, hotels and other large buildings.[80][81]
Key players & concentration
The industry remains fragmented, with global manufacturers competing alongside regional producers, distributors and local contractors. Asia Pacific held 47.0% of global HVAC systems revenue in 2025, indicating strong regional concentration of demand, while China holds the largest share of manufacturing capacity for heat-pump units and key components such as compressors.[80][19]
Trends, drivers & challenges
Cooling demand is being driven by hotter weather, urbanization and rising household incomes: global AC shipments reached 200 million units in 2024, 25% above five years earlier. At the same time, energy prices, affordability, grid constraints, refrigerant transitions and skilled-labor shortages remain important challenges; global heat-pump sales fell 1% in 2024, with European sales down 21%.[19][24]
Consumer behavior & competition
In the United States, more than 20% of households relied on heat pumps for space heating in 2025, while around 90% used air-conditioning units. Heat-pump sales exceeded natural-gas furnace sales by 30% in 2024, although the U.S. market declined in 2025 before showing early signs of recovery in the first quarter of 2026.[19][18]
M&A
HVAC services and distribution are undergoing consolidation. A tracker covering publicly announced HVAC and mechanical transactions recorded 19 acquisitions in the third quarter of 2026, while recent activity included distributor acquisitions in the Mid-Atlantic and add-on purchases by residential HVAC platforms.[82][66]
Regulation
Minimum energy-performance standards cover more than 90% of global cooling-related electricity demand across 118 countries. Regulation is also driving refrigerant changes, equipment redesign and tighter building-efficiency requirements, while some jurisdictions in 2025 and 2026 delayed or reduced planned restrictions on fossil-fuel boilers.[19]
Latest news
The latest industry outlook points to stronger cooling demand in 2026 as El Niño conditions raise the risk of extended heatwaves into 2027. The IEA reports that 2025 demand softened in several markets, but expects continuing structural growth in cooling equipment as household ownership expands, especially in emerging and developing economies.[19]
report visual · Projection

Heat pump sales across 14 European countries

Heat pump sales across 14 European countries grew from 1.5 million units in 2019 to 2.2 million units in 2024.

1.5 million units
Start
+7.96%
CAGR · 5y
2.2 million units
Projected
20192024
source-verifiedehpa.org2024

02 Ranking

Top 10 Companies in the Heating And Cooling Industry

The leading companies in the heating and cooling industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

Trane Technologies leads Gitnux's 2026 heating and cooling ranking with an Overall score of 9.4, with 7.5% revenue growth and 18.6% operating margin signals. Midea Group is the runner-up at 9.2, with 12.1% revenue growth and 11.9% operating margin signals.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in HVAC systems manufacturing

    Trane Technologies

    IE

    Ranked #1 · 9.4 · HVAC systems manufacturing

    Why we picked it: It supplies commercial, residential and transport climate systems and reports 7.5% revenue growth.

    See in ranking ↓Visit tranetechnologies.com ↗

  2. #2 overall

    Midea Group

    CN

    Ranked #2 · 9.2 · HVAC systems manufacturing

    Why we picked it: It sells residential and commercial HVAC systems including VRF, packaged HVAC, heat pumps and chillers.

    See in ranking ↓Visit midea.com ↗

  3. Leader in heating equipment manufacturing

    Vaillant Group

    DE

    Ranked #4 · 8.9 · Heating equipment manufacturing

    Why we picked it: It focuses on heating, cooling and heat-pump systems for residential buildings.

    See in ranking ↓Visit vaillant-group.com ↗

Pick 1 is the #1 company overall. Pick 2 is the highest-ranked company in the top 5 that adds a new segment; no further segment places in the top 5, so pick 3 follows rank.

Full ranking

Sort by
Top 10 companies in the heating and cooling industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Trane Technologies

HVAC systems manufacturing · IE

9.4
2

Midea Group

HVAC systems manufacturing · CN

9.2
3

Daikin Industries

HVAC systems manufacturing · JP

8.9
4

Vaillant Group

Heating equipment manufacturing · DE

8.9
5

Johnson Controls

HVAC systems manufacturing · IE

8.8
6

Mitsubishi Electric

Air conditioning and building climate systems · JP

8.3
7

Carrier Global

Residential, commercial HVAC and refrigeration · US

8.3
8

Lennox

Residential and commercial HVAC and refrigeration · US

8.1
9

Mitsubishi Heavy Industries

Residential and commercial HVAC equipment · JP

8.1
10

LG Electronics

Residential and commercial HVAC equipment · KR

7.6

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the heating and cooling industry. In Heating And Cooling Industry Statistics. Gitnux. https://gitnux.org/heating-and-cooling-industry-statistics/#top-companies

04 Statistics

Technology & Innovation

AI-enabled control outcomes show measured reductions across electricity use and modulation, including 16.7% lower electricity consumption at U.S. test sites.

AI in the heating and cooling industry

  • 1,132 metric tons of CO2-equivalent emissions were reduced across more than 120 United States facilities during the first 18 months of Trane AI-enabled autonomous control.[1]
  • 16.7% lower electricity consumption was recorded at five United States test sites using Trane AI-enabled autonomous control.[1]
  • 12% lower total energy costs were recorded across 211 Sleep Country stores in Canada during the first 12 months of AI optimization.[2]
  • 92% lower air-handling-unit cooling modulation was recorded at a Montreal office building after AI-powered HVAC optimization.[2]
  • 48% lower supply-fan runtime was recorded at a Montreal office building after AI-powered HVAC optimization.[2]
  • 15.8% lower HVAC-related electricity consumption was recorded over 11 months in 2023 at Cammeby’s International in the United States after AI control deployment.[2]

Automation in the heating and cooling industry

  • 140 million households worldwide were estimated to use smart or programmable thermostats for heating energy savings in 2025.[3]
  • 39% of surveyed smart-building respondents reported relying on routine maintenance schedules for HVAC systems in 2025.[4]
  • 30 million households worldwide were estimated to use smart or programmable thermostats for cooling energy savings in 2025.[3]
  • 150 TWh of annual electricity use was associated with United States commercial rooftop units serving space heating and cooling in 2024.[5]
  • 5% of United States commercial buildings used internet-connected or networked thermostats in 2018.[5]
  • $19 billion in annual energy costs was associated with United States commercial rooftop units serving space heating and cooling in 2024.[5]

Digital Transformation in the utilities and renewable energy sector (sector benchmark)

  • 73% of power and utilities companies said their organizational culture impeded digital-technology adoption in a global survey conducted in late 2024.[6]
  • 84% of energy and utilities organizations were investing in digital modernization in 2026, while 20% had begun reorganizing engineering operations.[7]
  • 92% of energy companies planned digital technology investments, while 27% were retraining and reskilling existing employees, according to a 2024 survey.[6]
  • 100% of utilities globally had initiated digital transformation, while 20% had completed it, according to a global survey conducted in 2024.[8]

Technology Adoption in the utilities and renewable energy sector (sector benchmark)

  • 73% of power and utilities organizations were using artificial intelligence, generative AI or machine learning in 2024, based on a global industry survey.[6]
  • 78% of power and utilities organizations were using advanced analytics in 2024, according to EY’s global Future of Energy Survey.[6]
  • 62% of power and utilities organizations were using robotic process automation in 2024, according to a global survey of industry executives and employees.[6]
  • 79% of power and utilities organizations were using cyber-threat monitoring and intelligence platforms covering IT and operational technology in 2024.[6]

Cloud Computing in the utilities and renewable energy sector (sector benchmark)

  • 41% of energy companies allowed any department head or IT manager to deploy new cloud infrastructure, software or applications in an Infosys study.[9]
  • 45% of energy companies used only the cloud capacity and functions they had committed to, according to an Infosys industry study published in 2024.[9]
  • 79% of power and utilities organizations were using cloud computing in 2024, according to a global EY survey.[6]
  • 32% of power and utilities organizations using cloud computing planned improvements or new uses during the following five years in 2024.[6]
  • 63% of power and utilities organizations were using cloud computing while developing improvements or new applications in 2024.[6]

Big Data in the utilities and renewable energy sector (sector benchmark)

  • 41% of utilities said advanced-metering-infrastructure data was fully embedded and scalable across daily workflows in 2026.[10]
  • 86% of utilities used advanced-metering-infrastructure data enterprise-wide or in specific workflows in 2026, according to a global utility executive survey.[10]
  • 20% of electric utilities had already implemented big-data analytics, while 32% were implementing it, in a survey covering 10 countries.[11]
  • 78% of power and utilities organizations were using advanced analytics in 2024, a sector-specific proxy for big-data adoption in EY’s global survey.[6]
  • 25% of utilities reported extensive use of analytics for business intelligence and billing or revenue analysis in a survey of 190 organizations.[12]

05 Statistics

Data & Analytics

Survey data centers on integration between building software platforms and the extent of up-to-date BIM or submetering data for digital twins.

Business intelligence in the heating and cooling industry

  • 51% of surveyed organizations had energy-consumption and submetering data available for digital-twin use in 2025.[4]
  • 33% of respondents cited insufficient analytical skills as a barrier to realizing value from building data in 2025.[4]
  • 38% of respondents identified centralized monitoring and control as a feature driving building-management-system satisfaction in 2025.[4]
  • 59% of surveyed organizations had up-to-date building-information-modeling data available for digital-twin use in 2025.[4]
  • 56% of respondents cited real-time monitoring and visualization as a primary digital-twin purpose in 2025.[4]
  • 63% of respondents were very satisfied with integration between building software platforms in 2025.[4]

Data analytics in the heating and cooling industry

  • 42% of respondents reported positive AI impacts on energy efficiency or cost reduction in 2025.[4]
  • 48% of surveyed organizations deployed or planned AI applications for occupant-comfort personalization in 2025.[4]
  • 12.9% whole-building monthly average energy reduction was reported for a Chicago building using supervisory HVAC optimization.[13]
  • 41% of respondents cited predictive maintenance as a primary digital-twin use case in 2025.[4]
  • 43% of respondents cited energy optimization as a primary digital-twin use case in 2025.[4]
  • 62% of surveyed organizations deployed or planned AI applications for energy optimization in building operations in 2025.[4]

Data Quality in the utilities and renewable energy sector (sector benchmark)

  • Across water utilities, 10% of respondents rated asset condition and performance information as very good in 2026.[14]
  • Across electric utilities surveyed, 69% reported user confidence in data accuracy, compared with 77% for completeness.[15]
  • Across water utilities, 7% of respondents rated asset information in EAM or CMMS as very good in 2026.[14]
  • Across electric utilities surveyed, 77% reported no erosion in data quality over time.[15]
  • Across water utilities, 19% of respondents rated asset characteristics information as very good in 2026.[14]
  • Across water utilities, 8% of respondents rated asset O&M cost information as very good in 2026.[14]

Data Governance in the utilities and renewable energy sector (sector benchmark)

  • Across utilities surveyed, 50% estimated they were still three to five years away from enterprise-level data governance in 2020.[16]
  • Across utilities surveyed, 56% had some form of inventory covering data sources and data-quality, integration, and analytics tools in 2020.[16]
  • Across energy and utilities organizations, 65% reported that all or nearly all of their data was governed in 2026.[17]
  • Across utilities surveyed, 9% had fully implemented an enterprise-wide data-governance program in 2020.[16]
  • Across power and utility executives surveyed, 57% assessed data-governance maturity as developing or initial in 2021; none reported advanced practices.[6]
  • Across utilities surveyed, 6% reported fully traceable data from original source to decision-making or business processes in 2020.[16]

06 Statistics

Strategy & Growth

Heat-pump demand shifts appear alongside regional swings, including a 21% decline in European heat-pump sales in 2024.

Growth in the heating and cooling industry

  • 21% was the decline in European heat-pump sales in 2024, the region’s largest recorded annual decline.[18]
  • 50 billion cubic metres was the estimated natural-gas use avoided by heat-pump installations in Europe, Japan and China in 2024.[19]
  • 12% was the growth in China’s heat-pump market in 2023, helping offset lower sales in the United States, Europe and Japan.[19]
  • $4.541 billion was Carrier’s first-quarter 2024 sales, up 25% year over year, including acquisitions and divestitures.[20]
  • €5 billion to approximately €9 billion was Bosch Home Comfort’s planned sales increase following the HVAC acquisition announced in 2024.[21]
  • 30% was the margin by which heat pumps outsold natural-gas furnaces in the United States in 2024.[18]

Differentiation in the heating and cooling industry

  • 34% was the decline in European heat-pump demand in 2024, while European boiler demand declined 14%.[21]
  • €256 million was Bosch Home Comfort’s research-and-development spending in 2024.[21]
  • 16 production facilities and 12 development sites in more than 30 countries were included in Bosch’s planned 2024 HVAC acquisition.[21]
  • 20% was the European Union’s share of global heat-pump manufacturing capacity in 2024.[19]
  • More than 70% of building-sector heat-pump sales in all major markets were sourced domestically in 2024.[19]
  • 35% was China’s share of global heat-pump manufacturing capacity in 2024.[19]

Mergers and acquisitions in the heating and cooling industry

  • 281 HVAC, plumbing and electrical transactions were recorded in the United States year to date in 2024 in Hyde Park Capital’s market dataset.[22]
  • 114 strategic transactions represented the 281 United States HVAC, plumbing and electrical transactions recorded year to date in 2024.[22]
  • 16 production facilities were included in Bosch’s acquisition of Johnson Controls’ and Hitachi’s residential and light-commercial HVAC businesses.[21]
  • 12,000 associates were employed across the businesses covered by Bosch’s 2024 HVAC acquisition.[21]
  • 167 private-equity transactions represented the 281 United States HVAC, plumbing and electrical transactions recorded year to date in 2024.[22]
  • 40% was Hitachi’s ownership stake in the Johnson Controls-Hitachi Air Conditioning joint venture included in Bosch’s 2024 acquisition.[21]

Strategic partnerships in the heating and cooling industry

  • 49% was Miura’s planned ownership stake in Daikin Applied Systems under their 2024 partnership.[23]
  • 50% of a factory’s total energy use was the equivalent scope that Daikin and Miura said their combined heat, air and water solutions could address.[23]
  • Two HVAC companies—Copeland and Daikin—combined sales and technical support with inverter-compressor technology in their 2024 United States collaboration.[23]
  • 170 countries and regions was Daikin’s operating footprint when it entered its 2024 partnership with Miura.[23]
  • Two companies—Daikin India and Rechi Precision—agreed in 2024 to establish an Indian joint venture for HVAC compressors.[23]
  • Three activities—manufacturing, designing and selling compressors—were included in the Daikin India-Rechi Precision joint venture announced in 2024.[23]

07 Statistics

People & Workforce

Workforce constraints remain measurable, with U.S. HVAC technicians at 440,900 in 2025 and a 3.2 to 3.96 year average technician tenure across contractors analyzed in 2026.

Hiring in the heating and cooling industry

  • 11% employment growth is projected for U.S. heating, air-conditioning and refrigeration mechanics and installers from 2025 to 2035.[24]
  • Technicians and mechanical-support roles were identified as among the most difficult energy-efficiency occupations to hire in the United States in 2024.[5]
  • 609,300 workers were employed in traditional HVAC in the U.S. energy-efficiency sector in 2024.[5]
  • 40% of surveyed electrification contractors planned to expand into new products and markets as a near-term business strategy in 2024.[25]
  • 40,600 openings per year for heating, air-conditioning and refrigeration mechanics and installers are projected in the United States from 2025 to 2035.[24]

Employee retention in the heating and cooling industry

  • 3.2 to 3.96 years was the average technician tenure across HVAC, plumbing, electrical and garage-door contractors analyzed in 2026.[26]
  • 23% of respondents in HARDI’s 2024 Voice of Contractor survey were over age 65.[27]
  • 12% to 21% was the technician turnover range across HVAC, plumbing, electrical and garage-door contractors in ServiceTitan’s 2026 analysis.[26]
  • 65.1% of the HVACR distribution workforce consisted of operations and warehouse employees in the 2026 HARDI study.[28]
  • 21% was the highest technician turnover rate recorded among the trades analyzed by ServiceTitan in 2026.[26]

Remote Work in the utilities and renewable energy sector (sector benchmark)

  • Across U.S. utilities, 18.2% of employees worked fully remotely in November 2024.[29]
  • U.S. utilities employees worked 31.42% of paid days from home in 2024.[30]
  • Among U.S. utility employers recruiting new graduates, 9.3% of positions were fully remote in 2024.[31]
  • U.S. utilities employees worked 22.32% of paid days from home in 2026.[30]

Hybrid Work in the utilities and renewable energy sector (sector benchmark)

  • Across U.S. utilities, 32.5% of employees worked in hybrid arrangements in November 2024.[29]
  • U.S. utilities had 28% of full-time employees in hybrid arrangements during September–December 2024.[32]
  • Among U.S. utility employers recruiting new graduates, 43.4% of positions were fully hybrid in 2024.[31]
  • Across U.S. utilities, 51% of full-time employees worked either hybrid or fully from home during September–December 2024.[32]

Upskilling in the heating and cooling industry

  • 24% of ASHRAE 2024 workforce-survey respondents offered wraparound services such as childcare or transportation assistance.[33]
  • 30% of ASHRAE 2024 workforce-survey respondents selected time management as an important HVAC employee skill.[33]
  • 52% of ASHRAE 2024 workforce-survey respondents selected teambuilding, face-to-face interaction or structured onboarding with feedback and compensation.[33]
  • 90% of ASHRAE 2024 workforce-survey respondents identified communication as a critical skill for HVAC employees.[33]
  • 77% of ASHRAE 2024 workforce-survey respondents identified a positive attitude as an important HVAC employee skill.[33]

Employee Engagement in the utilities and renewable energy sector (sector benchmark)

  • Across U.S. utilities, 70% of employees were engaged in the July 2025–June 2026 benchmark period.[34]
  • At Southern California Edison, 82% of employees gave a favorable overall engagement response in 2022.[35]
  • Among frontline energy and utilities workers, 57% said workplace communication tools were designed for desk workers rather than them in 2025.[36]
  • Among U.S. energy and utility organizations, 54% reported that frontline disengagement affected productivity in 2023.[37]

DEI in the heating and cooling industry

  • Less than 2% of the 448,000 U.S. heating, air-conditioning and refrigeration mechanics and installers were women in 2017.[33]
  • 37.3 years was the average age of female U.S. heating, air-conditioning and refrigeration mechanics and installers in 2024.[38]
  • 98.3% of U.S. heating, air-conditioning and refrigeration mechanics and installers were men in 2024.[38]

08 Statistics

Customer & Sales

Service experience and communication preferences show demand-side signals, including 94.9% homeowner satisfaction in the U.S. during 2025.

Customer experience in the heating and cooling industry

  • 94.9% of U.S. homeowners were satisfied with their most recent HVAC service experience in 2025.[39]
  • 21.0% of U.S. homeowners cited unexpected costs or surprise fees as their biggest HVAC-service frustration in 2025.[39]
  • 97% of California ductless HVAC heat-pump customers were satisfied with their systems in the 2024–2025 evaluation period.[40]
  • 23.7% of U.S. HVAC customers preferred text-message communication for scheduling or service updates in 2025.[39]
  • 27.2% of U.S. HVAC customers were somewhat satisfied with their latest service experience in 2025.[39]

Customer retention in the heating and cooling industry

  • 41% of HVAC contractors said service agreements generated up to 10% of annual revenue in the 2023 Contractor University survey.[41]
  • 49.2% of U.S. HVAC customers said their latest service visit was for routine maintenance or a tune-up in 2025.[39]
  • 25% of HVAC contractors said service agreements generated 11% to 20% of annual revenue in 2023.[41]
  • 42.6% of U.S. homeowners selected an HVAC company they had used before in 2025.[39]
  • 29% of HVAC companies converted up to 10% of call-in service customers into service-agreement customers in 2023.[41]

Customer acquisition in the heating and cooling industry

  • 7.7% of U.S. homeowners found their latest HVAC provider through online reviews or a home-services marketplace in 2025.[39]
  • 15% of U.S. heat-pump installers used partnerships frequently for customer acquisition in 2024.[42]
  • 17.0% of U.S. homeowners found their latest HVAC provider through online search in 2025.[39]
  • 1.8% of U.S. homeowners selected their latest HVAC provider because of an advertisement or promotional offer in 2025.[39]
  • 4.0% of U.S. homeowners were referred to their latest HVAC provider by a warranty, insurer, or home-builder network in 2025.[39]

Customer loyalty in the heating and cooling industry

  • 91% of California ducted HVAC heat-pump customers were satisfied with their systems in the 2024–2025 evaluation period.[40]
  • 65% of California HVAC heat-pump customers whose bills decreased also had solar photovoltaic systems in the 2024–2025 evaluation.[40]
  • 69% of U.S. HVAC customers selected a provider through prior use or personal recommendation in 2025.[39]
  • 42.6% of U.S. homeowners returned to an HVAC provider they had previously hired in 2025.[39]
  • 93% of California ducted HVAC heat-pump customers rated their investment as a good or great value in the 2024–2025 evaluation period.[40]

Lead generation in the heating and cooling industry

  • 6% of HVAC companies converted more than 50% of call-in service customers into service agreements in 2023.[41]
  • 5% of U.S. heat-pump installers used resellers frequently to generate leads in 2024.[42]
  • 12% of U.S. heat-pump installers used door-to-door selling frequently to generate leads in 2024.[42]
  • 15% of U.S. heat-pump installers used partnerships frequently to generate leads in 2024.[42]
  • 44% of U.S. heat-pump installers used online marketplace platforms frequently to generate leads in 2024.[42]

09 Statistics

Marketing & Brand

Lead-response speed and call handling map to acquisition outcomes, including 39% of HVAC businesses responding to new inquiries within one hour during business hours in 2026.

Marketing in the heating and cooling industry

  • 70% of HVAC businesses used direct-mail campaigns in 2023.[41]
  • 62% of U.S. HVAC businesses spent more than $1,500 per month on marketing in 2026.[43]
  • 39% of U.S. HVAC businesses responded to new inquiries within one hour during business hours in 2026.[43]
  • 66% of U.S. HVAC businesses closely tracked their cost per lead in 2026.[43]
  • 68% of U.S. HVAC businesses said they had lost jobs because of missed calls or slow responses in 2026.[43]

Digital marketing in the heating and cooling industry

  • 12.8% of U.S. plumbers and HVAC digital advertising spending was allocated to local video in 2024.[44]
  • Mobile accounted for 23.9% of U.S. plumbers and HVAC media spending in 2024.[44]
  • 31.5% of U.S. plumbers and HVAC digital advertising spending was allocated to display in 2024.[44]
  • 24.7% of U.S. plumbers and HVAC digital advertising spending was allocated to local search in 2024.[44]
  • 54.4% of U.S. plumbers and HVAC advertisers’ media spending was forecast to be digital in 2027.[44]

Branding in the heating and cooling industry

  • 79% of U.S. residential HVAC survey respondents preferred equipment made in the United States in 2025.[45]
  • A 2024 HVAC brand campaign increased searches for the advertised brand on Costco.com by 16 percentage points among exposed members.[46]
  • 73% of U.S. electrical and HVAC professionals said they were always looking for new brands in 2024.[47]
  • 7% of U.S. residential HVAC consumers selected equipment primarily because of brand reputation in 2025.[45]
  • 38% of U.S. residential HVAC consumers ranked system reliability as their top equipment-selection priority in 2025.[45]

Social media in the heating and cooling industry

  • 19% of HVAC businesses offered free or discounted installation with equipment purchase as a promotion in 2023.[41]
  • 15% of HVAC businesses offered free equipment with purchase as a promotion in 2023.[41]
  • 81% of U.S. HVAC businesses said customers could text their business phone number in 2026.[43]
  • 44% of HVAC businesses used print advertising in local newspapers or magazines in 2023.[41]
  • 81% of U.S. HVAC businesses used social-media marketing, making it the second-most-used promotional channel in the 2023 survey.[41]

Influencer Marketing in the utilities and renewable energy sector (sector benchmark)

  • Across B2B companies, 28% of marketers ranked thought leaders or industry analysts as the most effective influencer type in 2025.[48]
  • Across B2B companies, influencer marketing was associated with a 39-percentage-point advantage in brand-awareness goal attainment in 2025.[48]
  • Across B2B companies, 76% of marketing leaders believed creator collaborations build brand authenticity in 2025.[48]
  • Across B2B companies, authenticity and credibility were the top influencer-selection criteria for 58% of marketers in 2025.[48]
  • Across B2B companies, 55% were using influencers in 2025, while another 29% planned to adopt influencer marketing within the following year.[48]

10 Statistics

Operations & Execution

Factory and maintenance execution has quantified targets, including under 10 seconds for factory equipment-failure diagnostic AI agent response time in 2025.

Process optimization in the heating and cooling industry

  • 191,000 square feet was the expanded size of Daikin Applied’s modular-solutions manufacturing facility in Phoenix, Arizona, in 2026.[23]
  • More than 1,150 permanent jobs were expected from Daikin Applied’s Tijuana manufacturing investment in Mexico.[23]
  • Under 10 seconds was the target response time for Daikin and Hitachi’s factory equipment-failure diagnostic AI agent in 2025.[23]
  • More than 90% was the target diagnostic accuracy for Daikin and Hitachi’s factory AI-agent trial in Japan in 2025.[23]
  • 300 people from 250 supplier companies participated in Daikin’s delivery-driver safety seminars in fiscal 2024.[23]

Operational efficiency in the heating and cooling industry

  • 3.9% was the year-over-year labor-productivity decline in U.S. HVAC and commercial-refrigeration equipment manufacturing in 2025.[30]
  • 3.7% was the year-over-year labor-productivity decline in U.S. HVAC and commercial-refrigeration equipment manufacturing in 2019.[30]
  • 9.4% was the year-over-year labor-productivity decline in U.S. HVAC and commercial-refrigeration equipment manufacturing in 2014.[30]
  • 4.4% was the year-over-year labor-productivity decline in U.S. HVAC and commercial-refrigeration equipment manufacturing in 2016.[30]
  • 7.6% was the year-over-year labor-productivity decline in U.S. HVAC and commercial-refrigeration equipment manufacturing in 2022.[30]

Quality management in the heating and cooling industry

  • 0.32 was Carrier’s employee total-recordable-incident rate in 2024.[49]
  • 1.05% was the average HVAC warranty-accrual rate in the United States at the end of 2022.[50]
  • 46% of Carrier’s hazardous waste was recycled in 2024.[49]
  • Since fiscal 2007, Daikin’s air-conditioning divisions have operated supplier zero-defect activities through its Supplier Quality Conference.[23]
  • 50% of Carrier’s 2024 revenue came from products and services supporting energy efficiency or greenhouse-gas reduction.[49]

Supply chain in the heating and cooling industry

  • 28 countries contained Daikin air-conditioner production sites discussed in the company’s 2025 factory-AI announcement.[23]
  • 1 million+ square feet was the planned size of Carrier’s advanced manufacturing and engineering facility in Fort Worth, Texas.[20]
  • 45–65 weeks was the reported lead-time range for air-cooled and some centrifugal chillers in 2024.[51]
  • 10–12 weeks was the shortest reported HVAC-equipment lead time in the 2024 Skanska construction-market report.[51]
  • Five key global regions formed Daikin’s localized production and procurement system in its 2024 integrated report.[23]

Outsourcing / Offshoring in the utilities and renewable energy sector (sector benchmark)

  • 55% of surveyed solar OEMs, technicians and installers across the United States, United Kingdom, Germany and Spain outsourced most solar maintenance in 2025.[52]
  • 54% of U.S. solar companies surveyed outsourced most solar maintenance in 2025, compared with 60% in Germany and 48% in the United Kingdom.[52]
  • 40% of U.S. power and utilities executives surveyed said they would outsource some business functions to external contractors, according to a 2025 survey.[6]
  • 88% of power and utilities executives surveyed planned to rely more on vendors and contractors than previously, in a 2025 global energy survey.[6]
  • Approximately 45% of electric transmission, distribution and gas distribution work was outsourced in 2024, projected to exceed 50% over the following five years.[53]

11 Statistics

Finance & Pricing

Pricing and margin signals tie to equipment transitions, including 2% to 6% commercial HVAC price increases announced by Trane effective February 10, 2024.

Pricing strategy in the heating and cooling industry

  • Up to 7% residential HVAC price increases were announced by Daikin effective February 1, 2024.[54]
  • 15% was Watsco’s average price realization for new A2L HVAC products during the 12 months ended September 30, 2025.[55]
  • 2.7% was AAON’s net-sales growth in 2024, with price increases helping improve its margin profile despite flat volumes.[55]
  • 9% was Carrier HVAC sales growth in the Americas in 2024, supported by customer demand and pricing improvements.[55]
  • 2% to 6% commercial HVAC price increases were announced by Trane for equipment effective February 10, 2024.[54]

Cost reduction in the heating and cooling industry

  • 11,957 thousand dollars was Watsco’s 2025 reduction in inventories in its operating cash-flow reconciliation.[55]
  • $9 million was the increase in Modine Climate Solutions’ raw-material costs in fiscal 2025, partly offset by improved operating efficiencies.[55]
  • 2% was the average annual saving from low-cost industrial energy-efficiency actions, including maintenance and operational optimization, in the United States.[19]
  • $4 million was Modine Climate Solutions’ reduction in warranty expense in fiscal 2025, partly reflecting improved operating efficiencies.[55]
  • $400 million in one-time restructuring costs is expected from Johnson Controls’ cost-optimization plan across fiscal 2025–2027.[55]

Profitability in the heating and cooling industry

  • 19.4% was Trane Technologies’ adjusted EBITDA margin for full-year 2024.[55]
  • 12.1% was Carrier HVAC’s operating margin in 2024, compared with 15.0% in 2023.[55]
  • 6.4% was Watsco’s operating margin in the fourth quarter of 2025.[55]
  • 15.1% was Carrier’s adjusted operating margin for full-year 2025.[55]
  • 28.9% was Modine Climate Solutions’ gross margin in fiscal 2025.[55]

Financial planning in the heating and cooling industry

  • 55% was the share of Watsco’s products affected by the A2L transition in 2025.[55]
  • $250 million was Watsco’s technology investment during the five years through 2025.[55]
  • $0.8 billion was Carrier’s dividend allocation in 2025.[55]
  • $62.0 million of SPX Technologies’ 2025 capital expenditure supported capacity expansion in engineered air movement, air handling and cooling products.[55]
  • $60 million was Watsco’s approximate annual technology-investment run rate in 2025.[55]

12 Statistics

Product & Service

Equipment volumes and service-life spans anchor planning, including 200 million air-conditioner units shipped globally in 2024.

Product development in the heating and cooling industry

  • 200 million air-conditioner units were shipped globally in 2024.[19]
  • 20% of global heat-pump manufacturing capacity was located in the European Union in 2024.[19]
  • 60 million air-conditioner units were exported annually by China, according to 2024 IEA analysis.[19]
  • 25% of global heat-pump manufacturing capacity was located in the United States in 2024.[19]
  • 185 GW was the projected global heat-pump manufacturing capacity for 2030 from announced projects.[19]

Product lifecycle in the heating and cooling industry

  • 25 years is the average service life of a hot-water radiant-heating system.[56]
  • 20 years is the average service life of air-cooled condensers.[56]
  • 15 years is the average service life of an electric boiler.[56]
  • 27 years is the average service life of HVAC diffusers, grilles and registers.[56]
  • 16 years is the average service life of electronic HVAC controls.[56]

After-sales in the heating and cooling industry

  • 47% was the increase in average HVAC repair revenue per job from 2021 to 2025.[57]
  • 12.5 percentage points was the increase in repair revenue share for HVAC businesses with 11 or more technicians between the comparison periods.[57]
  • 21.6% of HVAC revenue came from repairs in 2021 among businesses using Housecall Pro.[57]
  • 64.7% was the increase in repairs per HVAC organization from 2022 to 2025.[57]
  • 31.3% of HVAC revenue came from repairs in 2025 among businesses using Housecall Pro.[57]

Value proposition in the heating and cooling industry

  • 32% of U.S. commercial-sector energy use was consumed by HVAC in 2025.[58]
  • 42% of U.S. residential energy use was consumed by home and apartment heating and cooling in 2025.[58]
  • 20% to 30% in additional savings beyond net energy-cost savings was estimated for industrial heat-pump co-benefits.[58]
  • $300 per year was the estimated household saving from heat pumps in the United States during energy-price spikes.[19]
  • 5% of global heating needs were supplied by heat pumps in 2024.[19]

13 Statistics

Sustainability & Ethics

Efficiency and emissions metrics sit beside supply-chain ethics, including 27.1% reduction in Scope 3 emissions from 2017 to 2023 reported by Johnson Controls.

Sustainability in the heating and cooling industry

  • 5% of global heating needs were supplied by heat pumps in 2024, according to the International Energy Agency.[19]
  • One-third of heating-system sales in Europe were heat pumps in 2023.[19]
  • More than 70% of building-sector heat-pump sales in every major market were supplied domestically in 2024.[19]
  • 14% of global heat consumption came from modern renewable energy in 2024.[19]
  • 50% was the approximate global increase in heat-pump-sector employment between 2015 and 2024.[19]

ESG in the heating and cooling industry

  • 33 languages were used for Johnson Controls’ global Code of Ethics in fiscal 2024.[59]
  • 27.1% was Johnson Controls’ reduction in Scope 3 emissions from 2017 to 2023.[59]
  • More than 1,400 Johnson Controls suppliers were covered by environmental, social and ethics reviews in 2025.[59]
  • 99% completion was achieved for Johnson Controls’ Values in Action ethics training in fiscal 2024.[59]
  • 71% of Johnson Controls’ supplier spending was covered by rigorous environmental, labor, human-rights, ethics and sustainable-procurement reviews in 2025.[59]

Ethics in the heating and cooling industry

  • 24 hours per day was the availability of Johnson Controls’ integrity helpline in fiscal 2024.[59]
  • 2,111 supplier assessments had been completed by Johnson Controls since 2018.[59]
  • Zero Johnson Controls suppliers had been terminated for social or environmental performance issues as of the 2024 report.[59]
  • 11 companies worldwide had received the World’s Most Ethical Companies honor 17 times by 2024, including Johnson Controls.[59]
  • 100% of high-risk Johnson Controls business partners are required to complete anti-corruption training before engagement.[59]

CSR in the heating and cooling industry

  • 76 was Carrier’s employee-engagement score in 2025.[60]
  • 81 was Trane Technologies’ overall employee-engagement score in 2025.[61]
  • 75 was Carrier’s employee-inclusion score in 2025.[60]
  • 0.14 was Carrier’s lost-time incident rate in 2025.[60]
  • $10.1 million was donated by Carrier to communities through cash, in-kind donations and employee matching in 2025.[60]

Circular economy in the heating and cooling industry

  • 8% of Daikin’s recycled residential-air-conditioner material was copper in 2023.[23]
  • 91% was Daikin’s recycling ratio for residential air conditioners in 2023.[23]
  • Less than 4% of refrigerant consumed in the United States in 2024 was recovered, based on an industry estimate cited by Columbia University.[62]
  • 18,596 tons of residential-air-conditioner material were recycled by Daikin in 2023.[23]
  • 500,000 residential air conditioners were collected by Daikin for recycling in 2023.[23]

Carbon footprint in the heating and cooling industry

  • 144 grams of carbon dioxide equivalent per kilowatt-hour was the 2023 carbon footprint of adsorption cooling in the cited building-technology comparison.[63]
  • 1.78% of refrigerant charge was the estimated average annual leakage rate for sampled residential central HVAC units in the San Francisco Bay Area.[64]
  • 39 grams of carbon dioxide equivalent per kilowatt-hour was the 2024 carbon footprint of fourth-generation district heating and cooling in the cited comparison.[63]
  • 200 grams of carbon dioxide equivalent per kilowatt-hour was the 2024 carbon footprint of third-generation district heating and cooling in the cited comparison.[63]
  • 705 grams of carbon dioxide equivalent per kilowatt-hour was the 2023 carbon footprint of window air conditioning in the cited building-technology comparison.[63]

15 Statistics

Globalization & Expansion

Production footprint and distribution channel concentration show cross-border scale, including 48,000 employees working for Carrier in 2024.

Globalization in the heating and cooling industry

  • 48,000 employees worked for Carrier in 2024.[74]
  • ¥4,028.8 billion was Daikin’s fiscal-2023 air-conditioning sales across Japan, the Americas, Europe, China, Asia and Oceania, and other regions.[23]
  • 11% of Daikin’s fiscal-2023 air-conditioning sales came from China.[23]
  • 39% of Daikin’s fiscal-2023 air-conditioning sales came from the Americas.[23]
  • 7.1% was the manufacturer’s 2024 global air-conditioner sales-volume market share, ranking it fifth worldwide.[75]

Cultural adaptation in the heating and cooling industry

  • 40% of Daikin’s European product mix was residential, while 35% was commercial and 25% was applied systems.[23]
  • 60% of Daikin’s China product mix was residential air conditioning, with commercial products accounting for 35%.[23]
  • 35% of Daikin’s Americas product mix was commercial air conditioning.[23]
  • 55% of Daikin’s residential products sold in the Americas were residential multi-split air conditioners.[23]
  • 55% of Daikin’s global residential product mix was residential multi-split air conditioners, compared with 10% ductless products and 5% room air conditioners.[23]

Supplier management in the heating and cooling industry

  • 62% of Watsco’s 2024 purchases came from Carrier.[76]
  • Carrier used a central strategic-sourcing group to consolidate purchases of selected materials and components across its business segments in 2024.[55]
  • 83% of U.S. HVAC contractors worked with three or more distributors in the 2024 HARDI survey.[27]
  • 58% of commercial HVAC contractors’ purchases went to their primary distributor in 2024.[77]
  • 68% of the average U.S. HVAC contractor’s purchases went to its primary distributor in 2024.[27]

Stakeholder management in the heating and cooling industry

  • 62% of surveyed contractors reported positive residential HVAC sales growth compared with 2023.[77]
  • 23% of respondents in the 2024 HARDI contractor survey were aged over 65.[78]
  • 30% of respondents in the 2024 HARDI contractor survey were aged 55–64.[78]
  • 28% of respondents in the 2024 HARDI contractor survey were commercial contractors.[77]
  • 61% of respondents in the 2024 HARDI contractor survey were business owners or executives.[77]

Distribution channels in the heating and cooling industry

  • 82% of residential HVAC purchases flowed through wholesale distribution in the 2024 HARDI channel analysis.[27]
  • 72% of residential HVAC contractors’ purchases went through wholesale distribution in 2024.[77]
  • 54% of heavy-commercial HVAC contractors’ purchases went through wholesale distribution in 2024.[77]
  • 80% of rooftop-unit equipment moved from manufacturers to distributors in the California market map.[79]
  • 90% of rooftop-unit equipment moved from distributors to HVAC contractors in the California market map.[79]

Key questions about the heating and cooling industry

How large is the global HVAC systems market in 2025 and 2026?
In 2025 the global HVAC systems market reached $258.9 billion, and it is estimated to reach $277.8 billion in 2026.
What is the projected growth rate for HVAC systems from 2026 to 2033?
The global HVAC systems market is projected to grow at a 7.0% CAGR from 2026 to 2033.
Which companies lead the heating and cooling industry?
Trane Technologies leads Gitnux's 2026 heating and cooling ranking with an Overall score of 9.4, with 7.5% revenue growth and 18.6% operating margin signals. Midea Group is the runner-up at 9.2, with 12.1% revenue growth and 11.9% operating margin signals.
What technology shifts are showing up in efficiency and controls adoption?
AI-enabled HVAC control reports include 16.7% lower electricity consumption at five U.S. test sites, and 92% lower cooling modulation after AI optimization at a Montreal office building.
How is the market structured in terms of competition and regions?
The industry remains fragmented, with global manufacturers competing alongside regional producers, distributors and local contractors; Asia Pacific accounted for 47.0% of global HVAC systems revenue in 2025.
What demand and policy pressures are shaping equipment portfolios?
Cooling demand is driven by hotter weather, urbanization and rising household incomes, while minimum energy-performance standards cover more than 90% of global cooling-related electricity demand across 118 countries.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Heating And Cooling Industry Statistics. Gitnux. https://gitnux.org/heating-and-cooling-industry-statistics
MLA
Samuel Norberg. "Heating And Cooling Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/heating-and-cooling-industry-statistics.
Chicago
Samuel Norberg. 2026. "Heating And Cooling Industry Statistics." Gitnux. https://gitnux.org/heating-and-cooling-industry-statistics.

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