GITNUX MARKETDATA REPORT 2024

The Most Surprising Hvac Statistics And Trends in 2024

Statistic 1

"HVAC technicians earn a median annual salary of $48,730 as of 2020."

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Statistic 2

"Smart HVAC systems could increase energy efficiency by about 20%."

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Statistic 3

"In 2020, ductless mini-split systems accounted for about 14% of the HVAC market in the U.S."

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Statistic 4

"The average lifespan of an HVAC system is about 15 to 25 years."

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Statistic 5

"HVAC systems contribute to around 40% of a building's energy consumption."

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Statistic 6

"About 87% of American households use some form of air conditioning."

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Statistic 7

"HVAC system improvements in existing buildings could yield savings of 10% to 40% of annual energy consumption."

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Statistic 8

"The global HVAC market is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028."

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Statistic 9

"In the United States, the HVAC industry is projected to see a 13% growth in employment from 2018 to 2028."

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Statistic 10

"The average cost to install an HVAC system ranges from $5,000 to $12,500."

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Statistic 11

"Renewable energy sources like solar and wind can be integrated into HVAC systems to reduce carbon footprint."

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Statistic 12

"HVAC system tune-ups can reduce energy usage by 5% to 15%."

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Statistic 13

"Approximately 35% of American homes still use window/wall air conditioning units as of 2015."

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Statistic 14

"More than 90% of HVAC systems in the U.S. residential sector are central AC systems."

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Statistic 15

"In commercial buildings, HVAC systems contribute to approximately 44% of total energy used."

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Statistic 16

"The global HVAC market size was valued at $130.5 billion in 2020."

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Statistic 17

"The European HVAC market is expected to grow by approx. 5.5% annually by 2025."

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Statistic 18

"Geothermal HVAC systems can reduce energy consumption by up to 50% compared to conventional systems."

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Statistic 19

"The HVAC filters market is projected to reach $5.5 billion by 2025."

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Statistic 20

"Refrigerants used in HVAC systems like R-410A have a Global Warming Potential nearly 2,000 times that of carbon dioxide."

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