A number of factors, such as the increasing requirement for energy-efficient heating, ventilation, and air conditioning (HVAC) systems, growing focus on environmental sustainability and green energy, expanding construction industry, and rising need to replace outdated HVAC equipment, are projected to boost the growth of the U.S. HVAC services industry at a CAGR of 3.1% in the forecast period (2020–2030).

At this growth rate, the market size is expected to reach $35,714.5 million by 2030 from $25,625.8 million in 2019. The U.S. HVAC services market is witnessing the increasing need for smart HVAC systems. Customers are increasingly deploying building energy management systems (BEMSs) for their HVAC equipment. The BEMS monitors the efficiency of the equipment and allows for reducing the energy consumption of buildings.

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The BEMS and other systems need regular maintenance by trained specialists having in-depth knowledge of the systems. Therefore, the need for streamlining the operations of HVAC systems is rising year-on-year (Y-o-Y), to increase their efficiency, due to the developments in data analysis technologies. The primary factor improving the market growth prospects is the growing construction industry.

Due to the increasing number of construction projects, growing population, surging urbanization rate, and rising number of government initiatives to drive the home ownership proportion, the construction industry is growing significantly in the U.S. For example, as per the U.S. Census Bureau, the national population is projected to rise by about 7% during 2019–2029. Thus, with the increasing construction activities, the demand for HVAC systems, along with the associated services, is surging in the country.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings