DELRAY BEACH, Fla., March 27, 2025 /PRNewswire/ — The global HVAC system market in the US is expected to be valued at USD 22.35 billion in 2024 and is projected to reach USD 32.35 billion by 2029; it is expected to grow at a CAGR of 7.7 % from 2024 to 2029 according to a new report by MarketsandMarkets™. ” The HVAC system market is driven by increasing demand for energy-efficient systems due to stricter federal and state regulations for reducing carbon emissions and energy usage.
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The Inflation Reduction Act of 2022, for instance, provides incentives for the installation of energy-efficient HVAC systems. Severe weather conditions, such as heat waves and cold snaps, also increase demand for effective heating and cooling systems. The increase in residential and commercial buildings, especially in urban areas, also fuels the demand for advanced HVAC systems. Moreover, the increasing use of smart HVAC solutions, integrated with IoT and AI for improved energy management, attracts consumers. The replacement of HVAC equipment in older buildings is another major driver of market growth. These factors together drive the growth of the HVAC industry in the US.
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The heating equipment segment to grow fastest during the forecast period.
The…
