Skip navigation
Reports & Analysis Strategic Insights Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Strategic Insights
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Press Releases HVAC Equipment Demand in Commercial Buildings to Reach $12.3 Billion in 2021

HVAC Equipment Demand in Commercial Buildings to Reach $12.3 Billion in 2021

by Corinne Gangloff

July 5, 2017

Demand for HVAC equipment in commercial buildings is projected to advance 3.3% per year through 2021 to $12.3 billion with 58% of all HVAC equipment sales. Although larger than the residential market, commercial demand gains will increase at a slower rate due to an expected slowdown in commercial construction activity. Competition from used equipment will also restrain sales growth in this market. Still, opportunities for equipment sales will continue to be supported by the need to replace aging equipment. These and other trends are presented in US HVAC Market Forecasts, a new study from The Freedonia Group, a Cleveland-based industry research firm.

The commercial market will remain the larger market for HVAC equipment due to two factors:

  • Commercial buildings often require the use of more than one HVAC unit to effectively cool the entire building, boosting the total number of units installed and creating a large potential replacement market.
  • Commercial HVAC equipment is generally more expensive than equipment used in the residential market, bolstering overall dollar sales.

US demand for HVAC equipment in all markets is forecast to increase 3.9% per year through 2021 to $21.2 billion. The majority of expected demand increases will come from ongoing replacement of existing equipment that has reached the end of its operational lifespan with better performing, and typically higher value, equipment. Shifts in the product mix toward more expensive HVAC equipment -- such as away from room air conditioners to unitary air conditioners and from noncondensing cast iron boilers to condensing steel boilers -- will provide further impetus to dollar gains. 

US HVAC Market Forecasts (published 06/2017, 119 pages) is available for $4900 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].

Related studies include:

  • #3524 Air Conditioning Equipment Market in the US (May 2017)
  • #3521 Heating Equipment Market in the US (April 2017)

Have unique research needs?

Freedonia Strategic Insights listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

The Freedonia Group needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press Contact
  • User Agreement
  • Privacy Policy
  • Site Map

Additional Resources

  • Market Size Resources
  • Lawn & Garden Market Research
  • Roofing Market Research
  • Pet Products Market Research
  • Countertops Market Research
  • Power Tools Market Research
  • Publishing for the PreK-12 Market Research
  • Insulation Market Resaerch
  • Cabinets Market Research
  • Flooring Market Research
  • Pet Supplements Market Research
  • Agricultural Equipment Market Research
  • Open Access Publishing Market Research
  • Silicones Market Research
  • For Legal Inquiries, contact Cohen & Cohen
Copyright © 2025 The Freedonia Group, Inc. All rights reserved.