Latest News- Residential HVAC Market: HVAC equipment is expected to lead the Type segment during 2025-2029

The Residential HVAC Market is being driven by Rise in demand for HVAC in construction industry

The Residential HVAC Market is expected to grow at a CAGR of 8.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 39615.5 million. In the evolving residential HVAC market, power evaluation software programs represent a significant advancement. Previously, HVAC contractors and homeowners had to manually review power bills and consumption data to determine the need for a new HVAC unit. However, this process has been streamlined through the use of advanced power evaluation software. These tools enable contractors to efficiently access and analyze energy records, ultimately saving both time and money for clients. By calculating the lifetime power usage and associated statistics for an HVAC system, these analytical software solutions provide accurate comparisons to other systems, ensuring informed purchasing decisions and optimal energy efficiency.

Get more information on Residential HVAC Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

Type
- HVAC equipment
- HVAC services
Product
- Air conditioning system
- Heating system
- Ventilating system
End-User
- Single-Family Homes
- Multi-Family Homes
- Apartments
Technology
- Smart HVAC Systems
- Conventional HVAC Systems
- Energy-Efficient Systems
Geography
- APAC
  - China
  - India
  - Japan
- Europe
  - Germany
  - UK
  - France
  - Italy
- North America
  - Canada
  - US
- Middle East and Africa
  - Egypt
- South America
  - Brazil
  - Argentina

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:

Rise in demand for HVAC in construction industry
Rising preference for condensing boilers
Increasing refurbishment and replacement demand in HVAC components

However, the market also witnesses some limitations, which are as follows:

Issues in equipment related to HVAC
Lack of skilled labor in HVAC manufacturing companies
High initial cost of HVAC equipment

Benefits of Buying Global Residential HVAC Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Residential HVAC Market Research Report

Market Scope
Report Coverage	Details
Page number	206
Base year	2024
Historic period	2019-2023
Forecast period	2025-2029
Growth momentum & CAGR	Accelerate at a CAGR of 8.1%
Market growth 2025-2029	USD 39615.5 million
Market structure	market_structure.ucfirst
YoY growth 2024-2025(%)	7.5
Key countries	US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), China, US, Germany, Japan, UK, Canada, India, South Korea, France, and Italy
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Residential HVAC market encompasses various systems including air handling units, ducted and ductless systems like mini-splits, and smart home integration through voice control and remote monitoring. Energy management features such as demand-controlled ventilation, heat recovery ventilators, air purifiers, and UV air purifiers enhance indoor air quality. HVAC design involves load calculations, energy modeling, and building information modeling, while efficiency standards, MERV ratings, and carbon footprint reduction are key considerations. Emerging technologies like artificial intelligence, machine learning, and big data drive innovation, with sustainability and net-zero energy buildings gaining prominence. Brands compete on price and customer satisfaction, while HVAC commissioning ensures performance verification. Parts and supplies, warranty claims, and green building certifications like Energy Star also impact market trends.

Market Research Overview

The Residential HVAC market is a significant segment of the larger global electrical components and equipment market. This market encompasses the manufacturing and sales of HVAC systems, including air conditioners and heat pumps, which prioritize energy efficiency. Key performance indicators for these products are the Seasonal Energy Efficiency Ratio (SEER) for air conditioners and the Heating Seasonal Performance Factor (HSPF) for heat pumps. The integration of smart thermostats further enhances energy savings and system performance. The market size is determined by the combined revenue generated from the production and rental of HVAC systems, as well as related accessories. This market caters to industrial, commercial, and residential sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less