In 2019, the U.S. HVAC (heating, ventilation, and air conditioning) service market generated a revenue of $25,625.8 million and is predicted to progress at a CAGR of 3.1% between 2020 and 2030. Furthermore, the market would reach a valuation of $35,714.5 million in 2030. The increasing focus on environmental sustainability and green energy is pushing up the requirement for HVAC systems and services.

In addition to this, the increasing construction and infrastructural development activities in the country are fueling the market advancement. The COVID-19 pandemic has completely transformed the way people go about their daily lives. With strict social distancing becoming highly essential for controlling the spread of the virus, many HVAC companies are witnessing extremely slow revenue generation and even negative growth rates in some countries.

Depending on type, the U.S. HVAC service market is divided into consulting, installation, maintenance & repair, and upgradation/replacement. Out of these, the upgradation/replacement category recorded the highest growth in the market in the past. In the future years, the consulting category is predicted to demonstrate the highest growth rate in the market in the forthcoming years.

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Visual inspection is included in consulting services and it is conducted by a HVAC technician, who identifies and detects the potential issues and problems in the HVAC system before recommending it for thorough maintenance. When the equipment type is taken into consideration, the U.S. HVAC service market is classified into heating, ventilation, and cooling. Amongst these, the ventilation category is predicted to demonstrate the fastest growth in the market in the future years.

The latest amendment of 2016, the Standard 62.2-2016 developed by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) states the acceptable IAQ levels that need to be maintained in the commercial and residential buildings.