Factors such as the prospering construction industry and the surging focus of people and government on energy efficiency are expected to drive the U.S. heating, ventilation, and air conditioning (HVAC) services market at a CAGR of 3.1% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $25,625.8 million in 2019 and it is projected to generate $35,714.5 million revenue by 2030.

Additionally, the increasing construction activities and rising demand for replacing HVAC systems will also propel the market growth. One of the primary growth drivers for the market is the booming construction industry in the country. The expansion of the construction sector can be credited to the soaring population, rising number of government initiatives aimed at increasing the home ownership rate, and escalating urbanization rate in the country.

For instance, the World Bank estimates that the U.S. population surged from 328,329,953 in 2019 to 329,484,123 in 2020. Furthermore, the World Bank states that approximately 82.664% of the U.S. populace were urban dwellers in 2020. In recent years, the escalating demand for smart HVAC systems has become a prominent trend in the U.S. HVAC services market.

Nowadays, end-users are increasingly deploying building energy management systems (BEMS) for their HVAC equipment, as they monitor the efficiency of HVAC systems and enable them to maximize the energy consumption of buildings. The BEMS and control systems need regular maintenance visits by extremely skilled and trained professionals, who acquire detailed knowledge of HVAC systems.

This market research report provides a comprehensive overview of the market

* The 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