미국의 HVAC 기기 및 서비스 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the United States HVAC equipment and Services Market size is projected to be USD 76.48 billion in 2025, USD 79.96 billion in 2026, and reach USD 100.55 billion by 2031, growing at a CAGR of 4.69% from 2026 to 2031.

This report is Segmented by Equipment (Split Systems, Packaged Units, Chillers, and More), Service Type (New Installations, Retrofits, Maintenance), Distribution Channel (Direct Sales, Distributors, Retail, Online), End User (Residential, Commercial, Industrial, Institutional), Technology (Ducted, Ductless, Smart HVAC). Market Forecasts are Provided in Terms of Value (USD).

United States HVAC Equipment And Services Market Trends and Insights

Federal Incentives for High-Efficiency HVAC Upgrades

Federal tax credits covering up to USD 2,000 for qualified heat pump systems, extended through 2032 under the Inflation Reduction Act, are changing total-cost-of-ownership calculations for homeowners and small businesses. The USD 4.5 billion High-Efficiency Electric Home Rebate Program targets low- and moderate-income households, offering rebates up to USD 8,000 and stacking with state programs to offset as much as 70% of installed cost. Nine states have pledged to secure 65% heat-pump penetration by 2030, signaling a coordinated policy push that compresses decision cycles. California's TECH Clean California program augments the federal incentives with contractor training and technical assistance, reducing soft costs that often derail projects. Collectively, these measures shorten payback periods to fewer than five years for average households, propelling heat pump adoption in the United States HVAC Equipment and Services market.

Mandatory Refrigerant Phase-Downs Accelerating Equipment Replacement

The American Innovation and Manufacturing Act restricts new HVAC systems to refrigerants under 700 GWP starting January 2025, prompting an abrupt shift away from R-410A. Manufacturers have converted assembly lines to A2L refrigerants such as R-454B and R-32 while deploying technician safety programs to address mild flammability characteristics. Rapid switchover drives a pronounced replacement spike and channels capital toward compliant solutions despite material cost inflation. Early adopters benefit from reduced lifecycle emissions, aiding ESG compliance for corporate buyers. With A2L systems already representing more than 60% of new residential shipments, the United States HVAC Equipment and Services market is realigning its product mix toward low-GWP offerings well ahead of the statutory deadline.

Surging HFC-Alternative Refrigerant Prices

Prices for R-454B have climbed from USD 17 to USD 60 per pound, adding USD 3,000-5,000 to the cost of large commercial systems and transferring roughly USD 25 billion of incremental expense to end users since 2024. Supply remains heavily dependent on imports from China, exposing the market to geopolitical risks and freight volatility. Limited domestic production capacity constrains availability during the regulatory transition, forcing contractors to pre-purchase inventory and strain working capital. Larger refrigerant charges in chillers and VRF systems intensify the effect on commercial buyers, delaying some projects despite compelling efficiency gains.

Other drivers and restraints analyzed in the detailed report include:

1. Southern Heat-Wave Frequency Boosting Cooling Demand
2. Building-Electrification Mandates in Key States
3. Skilled-Labor Shortages Inflating Install Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Heat pumps represent the fastest-expanding equipment class at a 5.89% CAGR through 2031 as incentives and decarbonization policies redirect budgets toward electric heating solutions. Split systems retain dominance with 36.92% revenue share in 2025 due to entrenched dealer familiarity and broad SKU variety. However, their growth moderates as households and light commercial sites migrate to dual-function heat pumps. Packaged and rooftop units remain staples for quick-turn commercial retrofits, particularly in retail strip centers and low-rise offices that value plug-and-play replacement. Chillers continue to anchor large central plants in hospitals, universities, and manufacturing sites that demand tight temperature controls. VRF solutions gain traction in medium-size offices and hospitality because zone-level modulation slashes part-load energy use. Air-handling units, fan coils, and coils support these core systems, with demand linked to the trajectory of ducted versus ductless architectures.

Heat-pump technological diversity from ducted split to ductless mini-split, hybrid, and geothermal configurations broadens addressable climates. Advancements in variable-speed inverters allow cold-climate models to deliver 100% heating capacity at 5 °F, expanding relevance across the northern tier. Furnaces still dominate in the coldest rural markets but face a measured share decline as homeowner economics improve for dual-fuel or all-electric packages. Window and through-the-wall units serve legacy multifamily buildings and temporary structures, yet their share erodes as compact mini-splits provide superior seasonal efficiency. Boilers continue to underpin hydronic heating in institutions and older high-rise assets where radiant distribution exists. Ancillary air-quality equipment such as humidifiers and dehumidifiers grew steadily after pandemic-era awareness, though they remain supplementary revenue streams rather than volume drivers. The resulting portfolio mix underscores a gradual but clear pivot toward electric, variable-speed heat-pump platforms within the United States HVAC Equipment and Services market.

New installations commanded 43.62% of 2025 revenue, fueled by ongoing commercial fit-outs and residential new-builds. Yet retrofit and replacement workstreams are set to grow more quickly, expanding at a 5.74% CAGR as regulatory and efficiency triggers pull forward system changeouts. Ageing HVAC fleets average 15-20 years in service, and new refrigerant rules now make many R-410A units technically obsolete once major repairs arise. End users are increasingly attracted to turnkey upgrade packages that combine equipment changeouts with utility rebates, financing, and predictive-maintenance subscriptions.

Maintenance contracts remain stable anchor revenue, but digital tools are reshaping execution practices. Cloud-based diagnostics detect anomalies early, allowing service providers to shift from reactive dispatches to scheduled interventions that minimize downtime. Performance-based service agreements, in which contractors share verified energy savings, are gaining traction in municipalities and school districts. Utility demand-response programs augment profitability by creating revenue for capacity curtailment events. These models position service firms as long-term energy partners rather than one-off installers inside the United States HVAC Equipment and Services market.

Complete Report Scope:

• By Equipment
  • Split Systems (Ducted and Ductless)
  • Packaged and Rooftop Units
  • Chillers
  • Air-Handling Units
  • Furnaces
  • Fan Coils
  • Window / Through-the-Wall / PTAC
  • Boilers
  • Heat Pumps
  • Humidifiers and Dehumidifiers
  • Variable Refrigerant Flow (VRF) Systems
  • Other Equipment Types
• By Service Type
  • New Installations
  • Retrofits / Replacements
  • Maintenance and Repair
  • Demand-Response and Performance Contracting
• By Distribution Channel
  • Direct Sales (OEM to End-User)
  • HVAC Distributors / Wholesalers
  • Retail / DIY Stores
  • Online E-commerce Platforms
• By End User
  • Residential
  • Commercial
  • Industrial
  • Institutional (Healthcare, Education)
  • Other End-users
• By Technology
  • Ducted Systems
  • Ductless Mini-Splits
  • Hybrid / Geothermal Heat-Pump Systems
  • Smart and Connected HVAC

List of Companies Covered in this Report:

1. Carrier Global Corporation
2. Johnson Controls International plc
3. Daikin Industries Ltd.
4. Trane Technologies plc
5. Lennox International Inc.
6. Goodman Manufacturing Company LP (Daikin)
7. Rheem Manufacturing Company
8. Emerson Electric Co.
9. Bosch Thermotechnology Corp.
10. Mitsubishi Electric US, Inc.
11. Uponor Corporation
12. Fujitsu General America
13. EMCOR Group
14. Samsung HVAC America
15. Honeywell International Inc.
16. Danfoss A/S
17. York International Corp. (JCI)
18. LG Electronics USA Air Conditioning
19. Bosch Thermotechnology
20. AAON Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Federal incentives for high-efficiency HVAC upgrades
  • 4.2.2 Mandatory refrigerant phase-downs accelerating equipment replacement
  • 4.2.3 Southern heat-wave frequency boosting cooling demand
  • 4.2.4 Building-electrification mandates in key states
  • 4.2.5 IoT-enabled predictive-maintenance cost savings
  • 4.2.6 Growth of data-center cooling load
• 4.3 Market Restraints
  • 4.3.1 Surging HFC-alternative refrigerant prices
  • 4.3.2 Skilled-labor shortages inflating install costs
  • 4.3.3 Rising electricity tariffs dampening HVAC run-time
  • 4.3.4 Volatility of steel and copper input costs
• 4.4 Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Assessment of Macro Economic Trends on the Market

5 MARKET SIZE AND GROWTH FORECASTS (VALUES)

• 5.1 By Equipment
  • 5.1.1 Split Systems (Ducted and Ductless)
  • 5.1.2 Packaged and Rooftop Units
  • 5.1.3 Chillers
  • 5.1.4 Air-Handling Units
  • 5.1.5 Furnaces
  • 5.1.6 Fan Coils
  • 5.1.7 Window / Through-the-Wall / PTAC
  • 5.1.8 Boilers
  • 5.1.9 Heat Pumps
  • 5.1.10 Humidifiers and Dehumidifiers
  • 5.1.11 Variable Refrigerant Flow (VRF) Systems
  • 5.1.12 Other Equipment Types
• 5.2 By Service Type
  • 5.2.1 New Installations
  • 5.2.2 Retrofits / Replacements
  • 5.2.3 Maintenance and Repair
  • 5.2.4 Demand-Response and Performance Contracting
• 5.3 By Distribution Channel
  • 5.3.1 Direct Sales (OEM to End-User)
  • 5.3.2 HVAC Distributors / Wholesalers
  • 5.3.3 Retail / DIY Stores
  • 5.3.4 Online E-commerce Platforms
• 5.4 By End User
  • 5.4.1 Residential
  • 5.4.2 Commercial
  • 5.4.3 Industrial
  • 5.4.4 Institutional (Healthcare, Education)
  • 5.4.5 Other End-users
• 5.5 By Technology
  • 5.5.1 Ducted Systems
  • 5.5.2 Ductless Mini-Splits
  • 5.5.3 Hybrid / Geothermal Heat-Pump Systems
  • 5.5.4 Smart and Connected HVAC

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Carrier Global Corporation
  • 6.4.2 Johnson Controls International plc
  • 6.4.3 Daikin Industries Ltd.
  • 6.4.4 Trane Technologies plc
  • 6.4.5 Lennox International Inc.
  • 6.4.6 Goodman Manufacturing Company LP (Daikin)
  • 6.4.7 Rheem Manufacturing Company
  • 6.4.8 Emerson Electric Co.
  • 6.4.9 Bosch Thermotechnology Corp.
  • 6.4.10 Mitsubishi Electric US, Inc.
  • 6.4.11 Uponor Corporation
  • 6.4.12 Fujitsu General America
  • 6.4.13 EMCOR Group
  • 6.4.14 Samsung HVAC America
  • 6.4.15 Honeywell International Inc.
  • 6.4.16 Danfoss A/S
  • 6.4.17 York International Corp. (JCI)
  • 6.4.18 LG Electronics USA Air Conditioning
  • 6.4.19 Bosch Thermotechnology
  • 6.4.20 AAON Inc.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment