PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535909
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535909
North America Residential Unitary HVAC Market Size - By Installation, Mounting Type, Distribution Channel, Product Type & Forecast, 2024 - 2032
North America residential unitary HVAC market is anticipated to record 5.5% CAGR from 2024 to 2032 driven by the increasing demand for energy-efficient and cost-effective heating, ventilation, and air conditioning solutions. Homeowners are increasingly seeking HVAC systems to offer advanced energy-saving technologies and reduced operating costs, driven by rising energy prices and heightened awareness of environmental sustainability. Technological advancements, such as the integration of smart thermostats, variable speed compressors, and advanced filtration systems, have also significantly improved the efficiency and performance of residential HVAC units.
Moreover, as new homes are built and existing properties are renovated or upgraded, there is a pressing need for advanced HVAC systems to meet the modern comfort standards and comply with stringent building codes. The trend of home automation and smart home technology to seamlessly integrate with other smart devices for enhanced control and energy management will also boost the market growth.
The overall industry is segmented into product type, installation, mounting type, distribution channel, and country.
Based on product type, the North America residential unitary HVAC market size from the packaged heating and cooling unit segment is expected to record significant CAGR from 2024 to 2032 due to its convenience and space-saving advantages. Packaged units combine both heating and cooling functions into a single, compact system, making them ideal for homes with limited space or for those seeking a streamlined HVAC solution.
In terms of installation type, the North America residential unitary HVAC market from the replacement/ retrofit segment is projected to rise from 2024 to 2032. This is owing to the increasing need to upgrade the aging systems and improve home energy efficiency. As older HVAC systems become less efficient and more prone to breakdowns, homeowners are increasingly opting for modern, high-efficiency units that offer better performance and lower operating costs.
Canada residential unitary HVAC industry is projected to exhibit lucrative growth between 2024 and 2032. The significant seasonal temperature variations are necessitating reliable and efficient HVAC systems to ensure year-round comfort in homes. Canadian government initiatives and incentives for reducing carbon footprints and promoting energy-efficient home improvements are also encouraging homeowners to invest in modern, high-performance HVAC systems, adding to the regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Rising demand for energy efficient and sustainable cooling solutions
- 3.2.1.2 Advancements in HVAC Technology
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Energy shortages and crisis
- 3.2.2.2 Complex regulatory landscape
- 3.2.1 Growth drivers
- 3.3 Technology & innovation landscape
- 3.4 Growth potential analysis
- 3.5 Pricing analysis
- 3.6 Consumer buying behavior analysis
- 3.7 Regulatory landscape
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021 - 2032, (USD Million) ('000 Units)
- 5.1 Key trends
- 5.2 Air conditioning equipment
- 5.2.1 Split ac (ducted)
- 5.2.2 Window ac (ducted)
- 5.3 Ducted heat pumps/ packaged terminal heat pumps (PTHPS)
- 5.4 Variable refrigerant flow (VRF) systems
- 5.5 Packaged heating & cooling unit
- 5.6 Others (air handlers, gas furnaces, evaporator coils, etc.)
Chapter 6 Market Estimates & Forecast, By Installation, 2021 - 2032, (USD Million) ('000 Units)
- 6.1 Key trends
- 6.2 New construction
- 6.3 Replacement/retrofit
Chapter 7 Market Estimates & Forecast, By Mounting Type, 2021 - 2032, (USD Million) ('000 Units)
- 7.1 Key trends
- 7.2 Wall-mounted units
- 7.3 Ceiling-mounted units
Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021 - 2032, (USD Million) ('000 Units)
- 8.1 Key trends
- 8.2 Direct sales
- 8.3 Indirect sales
Chapter 9 Market Estimates & Forecast, By Country, 2021 - 2032, (USD Million) ('000 Units)
- 9.1 Key trends
- 9.2 U.S.
- 9.3 Canada
Chapter 10 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
- 10.1 Carrier Group
- 10.2 Daikin Industries Inc.
- 10.3 Danfoss A/S
- 10.4 GREE Electric Appliances, inc
- 10.5 Haier Group
- 10.6 Hisense HVAC equipment Co., Ltd.
- 10.7 Johnson Controls Plc
- 10.8 Lennox International
- 10.9 LG Electronics
- 10.10 Midea Group
- 10.11 Mitsubishi Electric Group
- 10.12 Panasonic Corporation
- 10.13 Rheem Manufacturing Company
- 10.14 Robert Bosch GmbH
- 10.15 Trane Technologies
