HVAC Industry Worldwide- Statistics & Facts

The heating, ventilation, and air conditioning (HVAC) technology provides environmental comfort through thermal manipulation (heating and air conditioning) and acceptable indoor air quality (ventilation). Sometimes refrigeration is also included in the field as HVACR. The HVAC industry is largely fueled by regional regulations and differences. The regional climate largely determines demand for cooling and/or heating. New energy efficiency standards have prompted improvements in HVAC equipment and the replacement of outdated installations. The use of forced air systems over water heating provide better air conditioning and energy savings, despite higher installation costs. Other systems like ventilation energy recovery and air conditioning energy also encourage more efficient uses of energy to provide comfort. Technological advancements play a large role in the HVAC industry’s operations and products. Automation within sales and services processes is becoming more prominent within the industry. Smarter technology has enabled customers to control processes such as ventilation through smartphone apps, while other mobile technologies will enable preventative maintenance and service programs.

The HVAC industry is relatively fragmented with many companies making up the market share. Generally, increases in new construction will correspond to a similar increase in HVAC installations. Demand is expected to increase over the years driven by residential and non-residential construction as well as the replacement of HVAC equipment in aging buildings. Due to these two separate operations, the HVAC industry is largely divided into installers for new construction and those that mostly maintain and repair. Opportunities in developing markets continues to grow with innovation heavily driving the market.

Interesting statistics

In the following 5 chapters, you will quickly find the 27 most important statistics relating to "HVAC Industry".

HVAC industry

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Important key figures

The most important key figures provide you with a compact summary of the topic of "HVAC Industry" and take you straight to the corresponding statistics.

U.S. HVAC market

U.S. HVAC companies

Air conditioning

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