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The U.S. HVAC Equipment market is estimated to surpass $16,222million market by 2022, growing at CAGR 6.8% during the forecast period 2018-2024, majorly driven by increasing energy efficiency and cost effectiveness, higher spending capacities in automobile sector among others. The overall market are broadly segmented into heating, cooling as well as ventilation equipment.
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US HVAC Equipment Market 2018 - 2023 The US HVAC Equipment Market is expected to reach $ 93.095 billion by 2023.
Growing Demand For HVAC Equipment In Manufacturing Sector Drives The US HVAC Equipment Market The manufacturing of pharmaceutical products should be cleaned and air conditioned to prevent airborne contamination which is specified by international standards. Hence, HVAC Equipment is needed for this sector. The manufacturing industry has certain regulations to be followed. The HVAC system increases the productivity with less delays and higher efficiency. The manufacturing sector for the US HVAC Equipment Market is expected to reach $877.7 million at a CAGR of 7.7%. Contact: sales@industryarc.com
Selected Market Share Analysis done in the full report: • In the energy generation sector, the growing demand for energy drives the requirement for larger base load power plants. The new plants are efficient and reduce the cost of energy. The co-dependency of the HVAC systems has resulted in greater savings, in terms of electric rates. The US Department of Energy Plus Program used a model of the HVAC system in the power plant. This resulted in a reduction in the power demand of the home HVAC system by 21.7%. • This amount of energy saved per year can be around 87,600 kWh and will give average cost savings of $10,512 per year. Contact: sales@industryarc.com
Excerpts Market Growth Factors Mentioned in the Full Report: • Growing population and the strong demand for HFC refrigerants drive the growth of the home HVAC during the forecast period. • High consumer spending in the United States has driven the demand for HVAC USA across the residential spaces in the US. It has also impacted the growth of automobiles. • Growing demand for HVAC in the air conditioning unit of the passenger cars enhances the growth of HVAC USA. Contact: sales@industryarc.com
Key players of US HVAC Equipment Market • Daikin industries is the key player in US HVAC Equipment Marketv. It has remained as the dominant company with many product launches and developments. It produces air conditioners and systems for consumers. The next leading players are United Technologies(Carrier) and Mitsubishi Electric. United Technologies manufactures air conditioners, boilers, ductless systems, evaporator coils, fan coils, gas furnaces, etc. Mitsubishi Electric produces home appliances such as air conditioning systems, home equipment, and bulbs. It also produces energy and electric systems such as generators, circuit breakers, and building system appliances. Download Sample Report Contact: sales@industryarc.com
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About IndustryARC • IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. • IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact: sales@industryarc.com