According to #TechSci Research report, United States Commercial HVAC Market is anticipated to grow at a CAGR of 4.01% in the forecast period on account of increasing use of office space. Gain More Insight: https://bit.ly/3nUemne Get Sample Report: https://bit.ly/3Gg2nqJ Press Release: https://bit.ly/3rjGq5E Website: https://www.techsciresearch.com/ Market Research News: https://techsciblog.com/

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
UNITED STATES COMMERCIAL
HVAC MARKET
FORECAST AND OPPORTUNITIES
2016 – 2026

2. © TechSci Research 2
Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
4.3. Challenges Faced Post Purchase
5. United States Commercial HVAC Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1.
By Product Type (Chillers, Cooling Towers, Air Handling Units, VRF, Heat Pumps,
Others)
5.2.2. By End User (Industries, Institutional, Commercial Real Estate, HORECA, Others)
5.2.3. By Sales Channel (Distributor/Dealer, Institutional Sales)
5.2.4. By Region (South, West, Midwest and Northeast)
5.2.5. By Company (2020)
5.3. Market Map (By Product Type, By Region)

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Table of Contents
S. No. Contents
6. United States Chillers HVAC Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By End User
6.2.2. By Sales Channel
7. United States Cooling Towers HVAC Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By End User
7.2.2. By Sales Channel
8. United States Air Handling Units HVAC Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By End User
8.2.2. By Sales Channel
9. United States VRF HVAC Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast

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Table of Contents
S. No. Contents
9.2.1. By End User
9.2.2. By Sales Channel
10. United States Heat Pumps HVAC Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By End User
10.2.2. By Sales Channel
11. Competitive Analysis
11.1. Daikin North America LLC.
11.1.1. Market Share & Forecast
11.1.1.1 By Product Type
11.2. Carrier Global Corporation
11.2.1. Market Share & Forecast
11.2.1.1 By Product Type
11.3. Mitsubishi Electric Trane HVAC US LLC(METUS)
11.3.1. Market Share & Forecast
11.3.1.1 By Product Type
11.4. Johnson Controls, Inc
11.4.1. Market Share & Forecast
11.4.1.1 By Product Type
11.5. Lennox International Inc

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Table of Contents
S. No. Contents
11.5.1. Market Share & Forecast
11.5.1.1 By Product Type
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Impact of COVID-19 on United States Commercial HVAC Market
15. Policy and Regulatory Landscape
16. United States Economic Profile
17. Competitive Landscape
17.1. Daikin North America LLC
17.2. Carrier Global Corporation
17.3. Mitsubishi Electric Trane HVAC US LLC (METUS)
17.4. Johnson Controls, Inc
17.5. Lennox International Inc
17.6. Nortek Global HVAC LLC
17.7. LG Electronics USA, Inc.
17.8. Samsung HVAC America, LLC
17.9. Rheem Manufacturing Company
17.10. Danfoss LLC
18. Strategic Recommendations
19. About Us & Disclaimer

6. ProductOverview

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Scope of Report
Product of Interest (POI): HVAC
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
UNITED STATES COMMERCIAL HVAC MARKET
BY PRODUCT TYPE
• Chillers
• VRF
• Air Handling Units
• Cooling Towers
• Heat Pumps
• Others
BY REGION
• West
• South
• Midwest
• Northeast
Heating, ventilation and air conditioning (HVAC) is a technology used to create a comfortable
indoor environment with acceptable indoor air quality and thermal comfort. HVAC is considered
to be an important part of commercial sector such as hotels, medium and large offices and
industrial buildings. The primary function of HVAC is to provide thermal comfort along with
acceptable indoor air quality and reasonable maintenance cost. HVAC systems maintain a
proper equilibrium between the air pressure, space in the facility and also provide proper air
ventilation and improve air filtration.
Market Segmentation
BY END USER
• Commercial Real
Estate
• Institutional
• Industries
• HORECA
• Others
BY SALES CHANNEL
• Distributor/Dealer
• Institutional Sales
• Others

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Commercial HVAC
Chillers
Chillers generate chilled
water which is utilized to
provide air conditioning in
buildings. The use of a
chiller is determined by
the desired temperature
and the type of
refrigerant, which can be
either a liquid or a gas.
As part of heating,
ventilating and air-
conditioning system.
The primary function
of an air handling unit
is to take in outside
air, recondition it and
supply it to the
building as fresh air.
Cooling Towers
Types of Commercial HVAC
Variable refrigerant
flow (VRF) systems
adjust the refrigerant
flow to indoor units
according to demand.
They have the ability
to serve several zones
with varying heating
and cooling needs.
A heat pump is a
device that moves
heat from one spot to
another using a little
amount of energy.
Heat pumps offer an
energy-efficient
alternative to
furnaces.
A cooling tower is a
device that removes
heat by transferring it
to the atmosphere
through the use of
water. Cooling towers
offer a cost-effective
and energy-efficient
operation of systems.
VRF Air Handling Units Heat Pumps
Scope of Report
Product of Interest (POI): Commercial HVAC

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Commercial HVAC
End Users
Commercial Real Estate HORECA
Institutional Industries
It includes commercial
space such as corporate
offices, malls, retail stores
and other spaces for
commercial use.
It includes hospitals, medical
centers, schools, universities,
colleges, banks, insurance
companies, etc.
It includes hotels,
restaurants, cafés, pubs,
bar & lounges, etc.
It includes industries such as
power, oil & gas, food
processing, marine & offshore
and all other industries where
HVAC systems are being used.
Commercial HVAC
Scope of Report
Product of Interest (POI): Commercial HVAC

10. ResearchMethodology

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✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing list
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the United States
commercial HVAC market,
overall market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the United States
commercial HVAC market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research
Research Methodology

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Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the United States commercial HVAC market.
The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as
increasing use of office space; demand during COVID from medical institutions; governmental thrust on renovating and developing
new commercial infrastructure and product innovation and technological advancements in HVAC systems. The study includes
market forecasting, which would enable clients to take better decision while planning their strategy to achieve sustainability in the
United States commercial HVAC market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders such as commercial HVAC
companies, channel partners, market influencers & end users, industry experts and other industry participants.
• The team interviewed more than 20 commercial HVAC companies, 100 end users and 15 industry experts and other value chain
stakeholders in the United States commercial HVAC market to obtain the overall market size between 2016 and 2020, which was
validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out to arrive at
the market size data for the historical period.
Research Methodology

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© TechSci Research 13
• Respondents were asked about the current and future market growth rates, market shares by type, by end user, by sales
channel, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise
revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares
generated across various segments were further triangulated based on response received from other stakeholders depending
upon the type of commercial HVAC.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey
results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the United States commercial HVAC market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
Note: (a) Sum of some shares may not be 100% due to round off till two decimal places.
• TechSci Research also used its own forecast tool, which is based on the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium and long-term period to estimate and analyze the market
demand scenario.
Research Methodology

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© TechSci Research
Research Methodology
14
It should be noted that the figures compiled are for the organized market including market size and share data. The currency used in
the report is the United States Dollar (USD), with the market size indicated in USD billion.
Partial List of Companies Interviewed Key Secondary Sources
▪ Carrier Global Corporation
▪ Daikin North America LLC.
▪ Nortek Global HVAC LLC
▪ LG Electronics USA, Inc.
▪ Lennox International Inc
▪ Johnson Controls, Inc
▪ Mitsubishi Electric Trane HVAC US LLC
(METUS)
▪ Danfoss LLC.
▪ Samsung HVAC America LLC
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ BP Statistics
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases

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Industry Brief
Demand for commercial ventilation system is driving the growth of the United States commercial HVAC Market, in the forecast period, 2022-2026F.
According to TechSci Research report on, “United States Commercial HVAC Market - By Region, Competition, Forecast & Opportunities, 2026” United States
commercial HVAC market has shown USD14.70 billion growth in the year 2020 and is expected to continue its growth with 4.01% CAGR in forecast years 2022
to 2026, to reach USD18.94 billion by 2026. The United States commercial HVAC market owes its growth to the factors like increasing demand for advanced
appliances for HVAC systems to reduce energy consumption. Surging industrialization and urbanization in the country is further driving the growth of the United
States commercial HVAC market in the upcoming five years. Increasing demands for heating, ventilation, and air conditioning system in the commercial
buildings and corporate offices is further supporting the growth of the United States commercial HVAC market in the next five years.
Added advantages such as remote access, green energy modules, and advanced technology incorporation to enhance the system's functioning are further
aiding the growth of the United States commercial HVAC market in the future five years. The modern technology HVAC system uses natural refrigerants like
carbon dioxide and has government support through favorable schemes and launch strategies that are also substantiating the growth of the United States
commercial HVAC system in the forecast years until 2027.
Growing awareness among consumers regarding depleting environmental conditions, use of green-energy models, and installation of appliances that save
energy also drive the growth of the United States commercial HVAC market in the forecast period.
Furthermore, high installation and maintenance costs may create mild hindrance in the future growth of the United States commercial HVAC market in the
upcoming five years. Government financial support may help in overcoming the setbacks and support future market growth.
The United States commercial HVAC market is segmented based on product type, end user, sales channel, region, and competitional landscape. Based on
product type, the market is further fragmented into chillers, cooling towers, air handling units, VRF, heat pumps, and others. Air handling units are expected to
register the fastest CAGR value in the upcoming five years due to increasing concerns toward environment depletion and thus cause poor quality of air.
Air handling units are responsible for re-conditioning the outside air and monitoring the temperature and moisture in the air and then supplying it inside the
building. Due to increased industrialization and multiple activities creating pollution on a large scale, demand for air handling units is rapidly increasing. Also,
the recent pandemic situation further aided the growth of the sub-segment. Demand for cleaner and viral infection-free air inside the building upsurged and
drives the future probabilities of the United States commercial HVAC market in the next five years.
Based on the sales channel, the market is further bifurcated into distributors/ dealers and institutional sales. Distributors/ dealers are anticipated to hold the
largest revenue shares of the market and dominate the market segment in the upcoming five years on account of the availability of multiple brands and
comparative analysis for all the products on a single platform.
Also, maintenance and installation costs of the HVAC system is quite high; therefore, the end user industries prefer sales through dealers and distributors since
they provide in-time installation and regulated maintenance and through schemes and offers a better maintenance plan to reduce the cost, thus aiding to the
growth of the subsegment in the future five years.
A partial list of major market players of the United States commercial HVAC market includes: Daikin North America LLC, Carrier Global Corporation, Mitsubishi
Electric Trane HVAC US LLC (METUS), Johnson Controls, Inc, Lennox International Inc, Nortek Global HVAC LLC, LG Electronics USA, Inc., Samsung HVAC
America, LLC, Rheem Manufacturing Company, Danfoss LLC
Daikin North America LLC is expected to be the dominant leader of the market with its wide range of air conditioning appliances. Also, the acquisition of
Goodman Manufacturing Company L.P. in 2012 provided a homegrown market in the United States to Daikin and supported its brand establishment in the next
years. In the year 2019, the company launched One+ Smart Thermostat, which offers complete two-way communications. It is mainly for users who want to
adjust the temperature.
“Southern region and western region of the States hold approximately 60% of the market share. Higher industrialization, urbanization, and increasing production
units in the regions are expected to drive the growth of the market in the particular regions. Increasing number of market players and increased globalization of
the regional states are further expected to aid the growth of the United States commercial HVAC market in the next five years.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.

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Sample Data - Snapshot
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Value (USD Billion)
United States Commercial HVAC Market Size, By Value (USD Billion), 2016-2026F
CAGR 2016-2020
By Value: xx%
CAGR 2021E-2026F
By Value: xx%
United States Chillers HVAC Market Share, By End User, By Value, 2016-2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Commercial Real Estate 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Industries 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Institutional 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
HORECA 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Others 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
United States Cooling Towers HVAC Market Share, By Sales Channel, By Value, 2016-2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Distributors/Dealers 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
Institutional Sales 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%

17. © TechSci Research 17
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Report Name: UNITED STATES COMMERCIAL HVAC MARKET
FORECAST AND OPPORTUNITIES
2016 – 2026
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18. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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Power, Oil & Gas, Marine & Offshore and Others), By Region, Competition, Forecast & Opportunities, 2026
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Fan Coil Units, HVAC Control System and Others) By End-user (Commercial, Residential, Institutional, Marine & Offshore, Oil & Gas, Power and
Others), By Region, Company Forecast & Opportunities, 2026
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or
omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this
report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market
size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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