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    US Equipment for HVAC Market

    ID: MRFR/E&P/11396-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Equipment for HVAC Market Research Report By Equipment (Pressure Switches, Pressure Transducers, Capacitors, Contactors, Transformers, Filter Drier, Sight Glasses, Reversing Valves) - Forecast to 2035

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    US Equipment for HVAC Market Infographic
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    US Equipment for HVAC Market Summary

    The US Equipment for HVAC market is projected to grow significantly, reaching 109.5 USD billion by 2035 from 52.1 USD billion in 2024.

    Key Market Trends & Highlights

    US Equipment for HVAC Key Trends and Highlights

    • The market is expected to expand from 52.1 USD billion in 2024 to 109.5 USD billion by 2035.
    • A compound annual growth rate (CAGR) of 6.99 percent is anticipated for the period from 2025 to 2035.
    • The increasing demand for energy-efficient HVAC systems is likely to drive market growth.
    • Growing adoption of smart HVAC technology due to rising energy costs is a major market driver.

    Market Size & Forecast

    2024 Market Size 52.1 (USD Billion)
    2035 Market Size 109.5 (USD Billion)
    CAGR (2025-2035) 6.99%

    Major Players

    Bryant, Lennox International, Friedrich Air Conditioning, York International, American Standard, LG Electronics, Trane Technologies, Rheem Manufacturing, Daikin Applied, Mitsubishi Electric, Carrier, Panasonic, Nordyne, Armstrong HVAC, Goodman Manufacturing

    US Equipment for HVAC Market Trends

    The US Equipment for HVAC Market is experiencing several notable trends that reflect changing consumer needs and technological advances. One major trend is the growing focus on energy efficiency and sustainability. With increased awareness about climate change and energy consumption, consumers are looking for HVAC systems that utilize less energy while still providing optimal comfort. This drive for energy-efficient solutions is partly driven by government incentives aimed at reducing carbon emissions, promoting green building standards, and encouraging the adoption of smarter technologies. There are also opportunities to be explored in the realm of smart HVAC systems that integrate IoT technology.

    This trend includes systems that can be controlled remotely via smartphones or home automation systems, allowing for improved energy management and user convenience. The rising demand for smart homes is influencing construction practices and HVAC designs, leading to increased innovation in system connectivity and performance. In recent times, the US equipment for HVAC market is witnessing a shift towards more advanced filtration and air quality improvement technologies, fueled by heightened health concerns, especially after the pandemic. Home and business owners increasingly value air quality, prompting manufacturers to develop HVAC systems with enhanced filtration capabilities to remove allergens and pollutants.

    Market Segment Insights

    US Equipment for HVAC Market Segment Insights:

    US Equipment for HVAC Market Segment Insights:

    Equipment for HVAC Market Equipment Insights

    Equipment for HVAC Market Equipment Insights

    The Equipment segment of the US Equipment for HVAC Market represents a crucial component of the heating, ventilation, and air conditioning ecosystem, playing a significant role in ensuring efficient system performance and reliability. Among various components, Pressure Switches serve an essential function in HVAC systems by monitoring and controlling system pressure, helping maintain optimal functioning while safeguarding against potential equipment failures. Pressure Transducers are equally pivotal, transforming pressure measurements into accurate electrical signals, which is indispensable for automated HVAC system management, enhancing overall system efficiency and responsiveness.

    Capacitors hold importance in HVAC systems by improving energy efficiency and starting torque, particularly in motors, thus ensuring smooth operations. Meanwhile, Contactors are vital electrical components that control the flow of electricity to major equipment and ensure that HVAC systems receive power as needed, which plays a significant role in energy management. Transformers are essential for voltage regulation within HVAC systems, enabling effective energy distribution and enhancing appliance longevity and performance. Filter Driers are integral in removing moisture and contaminants from refrigerants, thereby safeguarding the integrity of the refrigerant systems and prolonging the life of HVAC equipment.

    Sight Glasses provide visual confirmation of refrigerant flow and humidity levels, offering operators a method to ensure optimal operating conditions, while Reversing Valves are essential in heat pump systems, allowing for the switching of refrigerant flow during both heating and cooling modes.The Equipment segment not only highlights various components that contribute to the overall HVAC market stability but also demonstrates the trends towards energy efficiency and automation in the industry.

    As HVAC systems continue to evolve with technological advancements, the Equipment segment is expected to adapt and grow, aligning with the increasing demand for sustainable and advanced solutions in the US. The importance of these various components underscores their role as foundational elements that enable HVAC systems to perform effectively and efficiently, ultimately impacting energy consumption and operational costs in residential, commercial, and industrial applications.

    Get more detailed insights about US Equipment for HVAC Market Research Report - Global Industry Forecast till 2035

    Key Players and Competitive Insights

    The competitive landscape of the US Equipment for HVAC Market is characterized by a dynamic interplay of established players and emerging companies, each striving to capture market share and innovate in HVAC technology. This market is driven by factors such as increasing demand for energy-efficient heating and cooling systems, growing awareness of indoor air quality, and the need for sustainable solutions. Competitive insights reveal that companies are not only focusing on product differentiation and technological advancements but are also leveraging strategic partnerships and robust supply chains to enhance their market presence.

    As regulations around energy efficiency tighten, companies in this space are investing resources in research and development to create innovative products that align with consumer expectations and compliance requirements. This ongoing competition reflects the importance of adaptability and forward-thinking strategies in a rapidly evolving marketplace.Bryant stands out in the US Equipment for HVAC Market due to its commitment to delivering high-quality and reliable HVAC solutions, which include air conditioning systems, furnaces, and heat pumps. Known for its energy-efficient products, Bryant has built a strong reputation for durability and performance, supported by extensive customer service and lifetime warranties.

    With a well-established distribution network across the United States, Bryant maintains a competitive edge through its extensive dealer network, enhancing accessibility and customer support. The brand's strength lies in its focus on innovation, with continuous efforts to improve product efficiency and integrate smart technology into their offerings.

    This combination of reliability and cutting-edge technology positions Bryant as a significant player in the HVAC market, reinforcing its brand loyalty and customer satisfaction.Lennox International, a key contender in the US Equipment for HVAC Market, is recognized for its extensive range of heating, ventilation, and air conditioning solutions tailored for residential and commercial applications. Notable products include high-efficiency air conditioners, smart thermostats, and advanced indoor air quality systems.

    The company has a robust market presence, characterized by an expansive dealer and service network that enables efficient product distribution and after-sales support across the United States. Lennox’s strengths lie in its innovation-driven approach, with significant investments in research and development leading to state-of-the-art technology and energy-efficient products. Additionally, the company has engaged in strategic mergers and acquisitions to bolster its market position and expand its product portfolio, thereby enhancing its competitiveness in the HVAC arena. This proactive strategy allows Lennox to address diverse customer needs while remaining at the forefront of the industry's technological advancements.

    Key Companies in the US Equipment for HVAC Market market include

    Industry Developments

    The US Equipment for HVAC Market has seen significant developments recently, particularly with investments in energy-efficient technologies as part of the national push toward sustainability. Companies such as Trane Technologies and Lennox International are increasingly focusing on the integration of smart technologies and IoT within HVAC systems. In July 2023, Goodman Manufacturing announced a partnership aimed at enhancing their product line’s energy efficiency, aligning with regulatory trends.

    In the realm of mergers and acquisitions, Rheem Manufacturing completed its acquisition of a smaller technology firm in October 2023 to boost its R&D capabilities in energy management systems. The market valuation reflects these trends, with projections indicating that companies like Daikin Applied and Carrier are set to benefit from favorable market conditions, growing their outstanding shares. Over the past few years, significant events such as LG Electronics’ investment in advanced manufacturing capabilities in April 2022 have showcased the industry's shift towards innovation and sustainability.

    Overall, the US Equipment for HVAC Market continues to evolve, driven by technological advancements and regulatory shifts aimed at reducing environmental impact.

    Market Segmentation

    Outlook

    • Pressure Switches
    • Pressure Transducers
    • Capacitors
    • Contactors
    • Transformers
    • Filter Drier
    • Sight Glasses
    • Reversing Valves

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 48.45(USD Billion)
    MARKET SIZE 2024 52.1(USD Billion)
    MARKET SIZE 2035 109.5(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.986% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Bryant, Lennox International, Friedrich Air Conditioning, York International, American Standard, LG Electronics, Trane Technologies, Rheem Manufacturing, Daikin Applied, Mitsubishi Electric, Carrier, Panasonic, Nordyne, Armstrong HVAC, Goodman Manufacturing
    SEGMENTS COVERED Equipment
    KEY MARKET OPPORTUNITIES Smart HVAC technologies adoption, Energy-efficient systems demand, Retrofits for older buildings, Integration of IoT solutions, Sustainable refrigerants utilization
    KEY MARKET DYNAMICS Rising energy efficiency standards, Increasing smart HVAC adoption, Growing environmental concerns, Expanding residential construction market, Technological advancements in HVAC systems
    COUNTRIES COVERED US

    FAQs

    What is the expected market size of the US Equipment for HVAC Market in 2024?

    The US Equipment for HVAC Market is expected to be valued at 52.1 billion USD in 2024.

    What is the projected market size for the US Equipment for HVAC Market by 2035?

    By 2035, the market is anticipated to grow to a value of 109.5 billion USD.

    What is the expected CAGR for the US Equipment for HVAC Market from 2025 to 2035?

    The expected CAGR for the US Equipment for HVAC Market is 6.986 percent during the period from 2025 to 2035.

    Which segments contribute significantly to the US Equipment for HVAC Market?

    Key segments include Pressure Switches, Pressure Transducers, Capacitors, Contactors, and Transformers.

    What will be the market value for Pressure Switches by 2035?

    The market value for Pressure Switches is expected to reach 17.5 billion USD by 2035.

    What is the projected value for Capacitors in the US Equipment for HVAC Market by 2035?

    Capacitors are projected to have a value of 19.9 billion USD by 2035.

    Who are the major players in the US Equipment for HVAC Market?

    Major players include Bryant, Lennox International, Friedrich Air Conditioning, Trane Technologies, and Carrier.

    What is the expected degree of growth for Contactors by 2035?

    The market for Contactors is expected to grow to 23.4 billion USD by 2035.

    What challenges might the US Equipment for HVAC Market face during the forecast period?

    The market may face challenges such as rising material costs and supply chain disruptions affecting production.

    What are the opportunities for growth in the US Equipment for HVAC Market?

    Growth opportunities may arise from increasing demand for energy-efficient solutions and modernization of existing systems.

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