Us Hvac Industry Statistics

In this post, we will explore key statistics and trends shaping the US HVAC industry. From revenue projections to market growth rates and regional insights, we’ll provide a comprehensive overview of the current landscape and future prospects for heating, ventilation, and air conditioning businesses in the United States.

Statistic 1

"The US HVAC industry's revenue is expected to rise at an annualized rate of 2.4% to reach $94.4 billion in 2021."

Statistic 2

"The number of businesses in the US HVAC industry is 105,686."

Statistic 3

"The Southwest region of the US accounted for the largest share - 37.3% of total revenue in 2019, in the HVAC industry."

Statistic 4

"The HVAC services market in U.S. is predicted to exceed $35 billion by 2030, exhibiting a CAGR of 3.2% during the forecast period (2021–2030)"

Statistic 5

"Approximately 92% of US homes have AC units, with 86.7% having central AC, according to Energy Information Administration."

Statistic 6

"There is around 1.45% average industry growth annually from 2016-2021 in the US HVAC industry."

Statistic 7

"The United States market for HVAC systems is expected to grow at 5.71% CAGR from 2021 to 2027."

Statistic 8

"As of 2017, over 40% of US commercial buildings had building automation systems."

Statistic 9

"The US HVAC market is projected to surpass $31 billion by 2027."

Statistic 10

"Approximately 60% of homes in the US use a central heating system."

Statistic 11

"The typical American home spends about 55% of its energy consumption on heating and cooling."

Statistic 12

"The state of Florida leads the US in the consumption of electricity for air conditioning at 27%."

Statistic 13

"The use of R-22 Freon has been phased out of newly manufactured HVAC equipment in the United States since 2010."

Statistic 14

"Air conditioning equipment accounts for about 6% of all electricity used in the United States."

Statistic 15

"The residential sector, representing 40% of the market, remains a significant end-user of HVAC systems in the U.S"

The statistics presented reveal a thriving and evolving HVAC industry in the United States. With consistent revenue growth, increasing market size, and a high percentage of homes utilizing HVAC systems, the industry shows promising potential for expansion. Regional variations in revenue distribution highlight the importance of understanding and catering to specific market segments. The shift towards energy-efficient practices, such as phasing out Freon and implementing building automation systems, indicates a growing awareness of sustainability within the industry. Overall, the data underscores the significant role HVAC systems play in American homes and buildings, setting the stage for continued growth and innovation in the years to come.