U.S. HVAC Equipment Market - Forecast(2021 - 2026)
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. Request Sample What is HVAC Equipment? HVAC systems also known as climate control, refer to heating, ventilating and air conditioning equipment. These are group of closely interrelated systems whose key function is to provide indoor comfort. These are electro-mechanical equipment that are used in building of the HVAC product. Residential sector is the leading market for heating equipment occupying nearly 42% of the overall revenue generated by heating equipment followed by commercial sector. Heating Equipment don’t contribute in Industrial sector contributing 17% of the overall revenue. Cooling Equipment compris...