Lucintel forecasts that central AC segment is expected to show above average growth during the forecast period due to increasing building renovation activities and higher demand for energy efficient HVAC equipment.

1. US HVAC Equipment Market 2017-2022: Trends,
Forecast, and Opportunity Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Product
Type
Furnace, heat pump, central AC, room AC and others
Market Segments by End
User
Residential, office, retail, hospitality, education, healthcare and others
Top Companies Name
Lennox, Johnson Controls Inc., Daikin Industries, Ingersoll Rand Plc, and
UTC (United Technology and Corporation)
Trend Growth Rate and
CAGR
3.4%
Key Industry Forecast
The US HVAC equipment market is expected to reach an estimated $17.5
billion by 2022 and it is forecast to grow at a CAGR of 3.4% from 2017 to
2022.
Key Industry Driver
Driver: Higher rate of building renovation and federal tax credits offered in the
US to make existing facilities energy efficient and to control greenhouse gas
emissions. .
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3. Industry Overview
Market Size
• The US HVAC equipment market is
expected to reach an estimated $17.5
billion by 2022 and it is forecast to grow at
a CAGR of 3.4% from 2017 to 2022.
• Emerging trends, which have a direct impact
on the dynamics of the US hvac equipment
industry, include the increasing usage of green
HVAC, increasing usage of air purification
technology, and increasing usage of smart
thermostat.
Market Size (2022) $17.5 billion
CAGR (2017-22) 3.4%
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Industry Performance : Forecast