HVAC stands for heating, ventilation and air conditioning / refrigeration. It refers to the systems, machines and technologies used in indoor settings such as homes, offices and hallways, and transportation systemsthat need temperature regulation to improve comfort.

▪ Demand for HVAC equipment heavily depends on the level of construction activity in the residential, commercial and industrial sectors

▪ Energy-efficiency requirements are expected to spark sales, given the inherent cost savings in new generationHVAC equipment

▪ Industry revenue hinges on demand from contractors that install and repair climate-control systems in new constructionand renovationprojects


Air-conditioning, warm-air heating and refrigeration equipment is the industry’s largest segment; comprising an estimated 58.2% of total industry revenue in 2018 in the United States.

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