U.S. HVAC Services Market Recent Trends, Developments, Challenges and Opportunities

According to a report by P&S Intelligence, the U.S. HVAC services market is predicted to generate a revenue of $35,714.5 million by 2030, increasing from $25,625.8 million in 2019, demonstrating a 3.1% CAGR during the forecast period (2020–2030). The different types of HVAC services are consulting, installation, maintenance & repair, and upgradation/replacement, out of which, the demand for upgradation/replacement services has been the highest.

These services include visual inspection that is carried out by technicians in the field. The person is responsible for identifying potential problems with the system before recommending the need for maintenance services. Out of all the equipment, the need for HVAC services is predicted to rise substantially for ventilation equipment in the near future, owing to the amendment of the standard developed by the American Society of Heating, Refrigeration, and Air-Conditioning Engineers for ventilation systems in 2016.




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These days, the demand for smart HVAC systems is increasing considerably in the country, owing to rising focus towards energy efficiency, which is further projected to result in the growth of the U.S. HVAC services market in the coming years. Consumers are widely adopting building energy management systems (BEMS) for HVAC system, as it offers a numbers of advantages, including enabling user to optimize the energy consumption of the building.

BEMS, however, need to be maintained regularly by professionals, thereby creating high demand for HVAC services. The amended standard, Standard 62.2-2016, states that residential and commercial buildings need to maintain a certain level of indoor air quality (IAQ). Since, maintaining a minimum IAQ has been made mandatory in the U.S., the requirement for air cleaners has risen considerably.

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