HVAC Equipment Market in North America Projected CAGR of 6.29% through 2028, Driven by Technological Innovations and Increasing Demand

Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "HVAC Equipment Market in North America 2024-2028" report has been added to ResearchAndMarkets.com's offering.

North America's HVAC Equipment Market to Experience Significant Growth

The HVAC equipment market in North America is poised for notable expansion, with projections indicating a growth of USD 8.62 billion during the 2023-2028 period, fortifying at an impressive 6.29% CAGR.

The comprehensive market analysis encapsulates crucial factors contributing to the market's growth trajectory, including the latest trends and drivers, effectively painting the current industry landscape.

Primary Growth Drivers Identified

Climate changes, a surge in the demand for energy-efficient HVAC systems, alongside advances in disposable income levels and migration patterns, are identified as catalytic for the burgeoning market.

The industry landscape further categorizes the market into distinct segments: Market Segmentation

  • Air conditioning equipment
  • Heating equipment
  • Ventilation equipment

By end-user, the market bifurcates into:

  1. Non-residential
  2. Residential

Emerging Market Trends

In the realm of HVAC, smart technological integration stands out as a pivotal factor accelerating market growth. The study also foregrounds the escalating demand for low-GWP (Global Warming Potential) refrigerants and a shift towards customized HVAC solutions, underpinning the market's evolution in North America.

Thorough Vendor Analysis

The report delineates an exhaustive vendor analysis encompassing top players spearheading the market. It serves as an essential instrument for entities aiming to bolster their market stance, providing an analytical overview entwined with forecasts and upcoming market trends.

Tailwinds and Headwinds

Analyzing both the forces propelling the market forward and those posing as potential hurdles, the report augments strategic planning. It arms companies with insights to harness growth opportunities and navigate market challenges effectively.

Methodological Rigor

Authenticated by an objective amalgamation of primary and secondary research, the report stands on the pillars of inputs sourced from industry connoisseurs. It transcends a mere market overview, delivering a detailed canvas of the market alongside competitive dynamics. In conclusion, the report serves as a quintessential guide, facilitating a deep dive into the North American HVAC equipment market's nuanced dynamics.

Its holistic approach ensures that the data disseminated is not only comprehensive and authoritative but also primed to aid purchasers in making informed decisions in this rapidly evolving industry landscape.

A selection of companies mentioned in this report includes

  • A. O. Smith Corp.
  • AAON Inc.
  • Daikin Industries Ltd.
  • Electrolux AB
  • Emerson Electric Co.
  • Fujitsu Ltd.
  • Zhuhai Gree Electric Appliances Co. Ltd.
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • Ingersoll Rand Inc.
  • Johnson Controls International Plc
  • Lennox International Inc.
  • LG Corp.
  • MIDEA Group Co. Ltd.
  • Nortek
  • Rheem Manufacturing Co.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Seeley International Pty Ltd.
  • Whirlpool Corp.

For more information about this report visit https://www.researchandmarkets.com/r/4jof2m

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