Us hvac equipment market forecast report 2025-2033 featuring lennox, rheem manufacturing, trane, mitsubishi, nortek air solutions, carrier, whirlpool, spx technologies

The u.s. hvac equipment market is projected to grow to $41.22 billion by 2033 from $22.44 billion in 2024, boasting a cagr of 6.99%. this growth is fueled by climate variability across the country and increasing urbanization, driving demand for hvac systems in both residential and commercial settings. technological advancements, such as iot integration and eco-friendly solutions, are transforming the market. innovations in smart, energy-efficient systems are key, driven by stringent regulations and rising consumer awareness of indoor air quality. key players, including carrier and lennox, are heavily investing in sustainable technologies. the sector faces challenges like intense competition and a skilled labor shortage. the u.s. hvac equipment market is projected to grow to $41.22 billion by 2033 from $22.44 billion in 2024, boasting a cagr of 6.99%. this growth is fueled by climate variability across the country and increasing urbanization, driving demand for hvac systems in both residential and commercial settings. technological advancements, such as iot integration and eco-friendly solutions, are transforming the market. innovations in smart, energy-efficient systems are key, driven by stringent regulations and rising consumer awareness of indoor air quality. key players, including carrier and lennox, are heavily investing in sustainable technologies. the sector faces challenges like intense competition and a skilled labor shortage.
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