Did you know that the HVAC industry has a market size of approximately $240.8 billion?
You’re about to see a list of HVAC industry statistics that's unlike other lists out there.
On this page you’ll find new HVAC statistics related to:
- Global HVAC market size
- Air conditioning statistics
- Average HVAC technicians salary
- HVAC companies market share
- Ventilation industry statistics
- And a whole lot more
Let’s dive into the stats.
Key HVAC Industry Statistics and Trends:
- The global market size for the HVAC systems industry is approximately $240.8 billion.
- According to projections, the number of sold HVAC units in 2024 will surpass 151 million.
- The United States uses more energy for air conditioning than the entire continent of Africa uses for all their power needs.
- The majority of families spend $2,000 every year on their energy bills, with half of that going toward keeping the house cool or warm.
- In the US, 87% of homes have air conditioning.
- 12% of the average home's yearly energy expenditure is spent on air conditioning.
- In the U.S. and Japan, more than 90% of households have air conditioning, while less than 8% of their combined population do not have air conditioning.
- The size of the global air conditioning market was $102.02 billion in 2018 and is expected to register a CAGR of 9.9% from 2019 to 2025.
- The average HVAC Technician salary is $57,040 per year. Entry level positions start at $43,875 per year while most experienced workers make up to nearly $90,000 per year.
- The HVAC industry employed 16,730 workers as of May 2020 in New York. The average annual salary was $63,080.
- An HVAC technician in Australia can make as much as $82,875 per year, with entry level workers starting at $73,125 and more experienced technicians taking home up to $97,500 per year.
- The highest HVAC Supervisor salary is $76,447, but the most common salary is $66,015. The typical range of salaries for this job title is between $66,015 and $86,843.
- More than 83.46 million split-type room air conditioners were sold world wide in 2018.
- The state of California led all the others in HVAC industry employment with about 69,400 jobs. The next most populous state was New York with about 68,100 jobs, and Texas was third with about 67,300 jobs.
- Since 2012, the annual global demand for air conditioners rose from around 97.6 million units to 104.35 million units just one year later.
Global HVAC Market Size Statistics
Let's take a look at some of the global HVAC market size and growth stats for the industry. Knowing the size and growth of this market is important for potential future investors, and for people who are interested in how well the industry is doing.
Overview Of The HVAC Industry
How much is the HVAC industry worth?
According to the new research study by Future Market Insights (FMI), the global HVAC systems market is expected to reach $370 billion by 2030.
How big is the HVAC industry in the USA?
The U.S. HVAC industry was valued at $57.8 billion in 2020 and is expected to reach $82.5 billion by 2026 and grow at a CAGR of 6.1% from 2021 to 2026.
The Coronavirus outbreak impacted logistics and supply chain across the globe, which in turn acted as a boon for retrofitting and new installations during the summer season, which is expected to be prominent over the forecast period (2021-2026).
What is trending in the HVAC industry?
Top HVAC trends to expect in 2021 include the rise in high energy costs and government energy use regulations.
With the increased use of sustainable infrastructure, new, energy-efficient HVAC systems with new technologies, smart systems, and new power sources for those systems are being used.
- Smart HVAC - The Internet of Things is growing (more and more appliances will communicate with you through the internet) and HVAC trends are just beginning to incorporate these capabilities. Imagine your HVAC system alerting you when it needs a repair or routine maintenance check.
- Sustainable Building Design - New buildings are now being designed to be greener. This design is called green building design, green construction or sustainable building design. The heating/cooling system is a major component in the design, because heating and cooling systems use a lot of energy.
- DeVAP HVAC - DeVAP HVAC systems use an evaporative cooling system. Water is run into a honeycomb media, like absorbing it into a sponge. A fan then blows water through the honeycomb media, causing the water to evaporate.
- Solar HVAC - Just like heat pumps, solar-HVAC systems take energy from the sun to warm a fluid, which then heats the air.
- Geothermal HVAC - Geothermal HVAC systems use below-ground pipes called an earth loop to heat and cool your building. The temperature in the ground stays pretty constant, even when outside temperatures fluctuate. Geothermal heating and cooling systems take advantage of this consistency to heat and cool your buildings.
What is the HVAC systems market growth?
The market for HVAC systems is expected to grow from $127.40 billion in 2015 to $132.43 billion by 2021.
What percentage of electricity is used by HVAC?
Your HVAC system uses the most energy of any single appliance or system in your home. An average central HVAC unit uses about 3500 watts and runs two to three times an hour for 10-15 minutes.
Air Conditioning Statistics
Here, we have compiled statistics that have to deal with air conditioning and the consumers that own them. Keep reading to learn about the newest stats and trends in this industry.
How much does the average household spend on air conditioning?
Air conditioning is used in most American homes, and according to the latest EIA Residential Energy Consumption Survey, home cooling costs averaged $265 in 2015, or 12% of all home energy expenses.
How many homes in the USA have air conditioning?
You are probably unaware that there are nearly 100 million air conditioned homes in the United States.
While you might not think of air conditioning as essential for living, it contributes to keeping you comfortable year-round and can help reduce the effects of summers in the heat.
More and more families are moving into cool homes as their comfort level increases. That is why it pays to think carefully about choosing the best air conditioner for you.
What percentage of the world has air conditioning?
Today, just 31% of the world's households own an air conditioner. In countries such as the United States and Japan, 90%+ of households have air conditioning, while less than 8% of the 2.8 billion people living in these countries do not have air conditioning.
What country uses the most air conditioning?
If you're looking for a country with the highest air conditioning penetration rate, look no further than Japan. Japan ranked the highest in air-conditioning penetration, with 91% of Japanese households having some form of air-conditioning.
What percentage of electric bills is air conditioning?
12% of household energy costs are associated with air conditioning. In the hot-humid region, 94% of households use air conditioning, which makes up 27% of home energy expenses.
What is the global air conditioning market size?
It is an exciting time for air conditioning manufacturers, with the global air conditioning market size was $102.02 billion in 2018 and is expected to register a CAGR of 9.9% from 2019 to 2025.
The market growth is driven by a number of factors including climate change and rising energy prices.
Average HVAC Technicians Salary
Salary ranges for an HVAC technician can vary widely depending on several factors, including education, certifications, additional skills, the number of years you have spent in your profession. Read on for up-to-date stats on HVAC technicians salaries!
How much do experienced HVAC technicians make per year in the USA?
The average HVAC technician salary in the USA is $57,040 per year or $29.25 per hour. The median wage is $42,390 per year or $21.59 per hour.
The lowest 10% make less than the median wage.
How much does an HVAC technician make per hour in the USA?
The average HVAC technician salary in the USA is $29.25 per hour. The median wage is $21.59 per hour. The lowest 10% make less than the median wage.
What cities have the highest HVAC technician salaries?
16,730 HVAC professionals worked in New York as of May 2020. The average hourly pay was $30.33 and the average annual earnings were $63,080.
The New York-Newark-Jersey City metropolitan area had the highest employment for the HVAC occupation.
How much does an HVAC technician make in Australia?
According to the Australian Bureau of Statistics, an HVAC technician in Australia makes as much as $82,875 per year, with entry level workers starting at $73,125 and more experienced technicians taking home up to $97,500 per year.
What is the highest paying HVAC job?
The highest paying HVAC Supervisor job is $76,447, but the range typically falls between $66,015 and $86,843.
Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
HVAC Companies Market Share
These leading brands have been around for many years and are innovators in HVAC technology. Read on to learn about the market share for the largest HVAC companies.
What are the top 5 HVAC brands?
There are so many HVAC manufacturers to choose from, it can be hard to pick a brand that will last. These brands have been around for two decades or more.
They are always on the cutting edge of technology with products that are efficient and reliable.
These leading manufacturers have been around for many years and are innovators in HVAC technology.
- Trane - Best for Quality
- Amana - Best Value
- Carrier - Best for Reliability
- Lennox - Best for Efficiency
- Rheem - Best Warranty
Who is the largest HVAC manufacturer?
The largest HVAC manufacturing company is Goodman Manufacturing, now owned by Daikin Group. Goodman was founded in 1975 and is now based in Houston, Texas.
What is the largest HVAC company in the world?
The Japanese HVAC company Daikin is the air conditioning king, having the biggest market share in its industry by manufacturer. Ingersoll Rand holds second place in terms of the market share it holds.
What is the largest HVAC company in America?
Siemens Building Technologies is one of the largest HVAC companies in the United States; it was also ranked as one of the 12 leading HVAC companies in the country. This company is dedicated to building HVAC requirements in the country.
Conclusion
As a cleaning professional, I was interested in the stats below. Thanks to the Internet, I was able to find some useful data. I hope you find them interesting and useful.
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