HVAC Statistics


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Hvac Statistics 2023: Facts about Hvac outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Hvac, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Hvac Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

On this page, you’ll learn about the following:

Top Hvac Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 46 Hvac Statistics on this page 🙂

Hvac “Latest” Statistics

  • According to recent predictions, there will be more than 151 million HVAC systems supplied worldwide in 2024.[1]
  • There were more than 1.6 billion air conditioners installed globally in 2018.[1]
  • By 2030, with its enormous CAGR compound annual growth rate of roughly 4%, the HVAC sector would have grown significantly, with an anticipated market size of $370 billion.[1]
  • More than 46,000 more HVAC-related employment roles are anticipated to be added between 2018 and 2028.[1]
  • Just 8% of all houses have air conditioning in Africa and South America.[1]
  • The HVAC services market was valued at 54.74 billion USD in 2019 and is expected to increase at a compound annual growth rate of 6.1% between 2020 and 2025, according to Mordor Intelligence.[2]
  • Just 8% of the 2.8 billion people who reside in the world’s warmest areas have air conditioning.[2]
  • The median salary for HVAC contractors, according to the bureau of labor statistics, is $48,730 per year at $23.43 per hour.[3]
  • Only 1% of residences in the United States are powered by geothermal energy.[3]
  • The HVACK sector was creating 15,100 new jobs each year and increasing at 4% annually, which is approximately average for all industries.[3]
  • In the United States, there are 111,574 HVAC contractor firms, however, no one company has more than 5% of the market.[3]
  • In 2022, HVAC contractors reported a 12.9% total decline in income.[3]
  • 87% of United States households have air conditioning, with central systems making up 75% of them, according to the Energy Information Association.[4]
  • Only 43% of Americans get regular maintenance done on their central air conditioning equipment, despite advice from all air conditioning firms, and those who do have their unit last roughly 40% longer.[4]
  • Residential air conditioning uses more than $11 billion watts of power annually in the U.S. or 5% of all electricity generated in the nation.[4]
  • Only 42% of households regularly hire a professional to fix their air conditioners, on average.[4]
  • According to U.S. research, air conditioning uses around 5.5% of the gasoline in passenger automobiles.[4]
  • According to the 2015 Residential Energy Consumption Survey, 64% of the 76 million primarily occupied us houses utilize central air conditioning.[5]
  • From 2021 to 2031, employment of heating, air conditioning, and refrigeration mechanics and installers is anticipated to increase by 5%, nearly as quickly as the national average for all professions.[6]
  • 88% of respondents from the HVAC services poll who participated in the 2019 survey said it was a great year for their industry.[7]
  • Extra than 50% of the market for HVAC services, according to the report, are prepared to pay more for environmentally friendly goods.[7]
  • The majority of individuals interact via mobile devices, and almost 45% of HVAC employees say they prefer texting to emailing.[7]
  • More than 33 million U.S. households already have smart thermostats, and market expenditure on temperature control has climbed by 20% since 2016.[7]
  • By 2025, the HVAC sector is anticipated to rise by 11%.[8]
  • An HVAC technician in Australia may earn up to $82,875 per year, with entry-level positions beginning at $73,125 and more seasoned professionals earning up to $97,500 per year, according to the Australian Bureau of Statistics.[9]
  • The worldwide HVAC systems market is anticipated to reach $370 billion by 2030, according to a recent research analysis by Future Market Insights.[9]
  • Most houses in America use air conditioning, and according to the most recent EIA Residential Energy Consumption Survey, home cooling expenditures in 2015 averaged $265 or 12% of total home energy costs.[9]
  • 94% of families in hot, humid area use air conditioning, which accounts for 27% of household energy costs.[9]
  • 91% of Japanese residences have some kind of air conditioning, making it the country with the greatest air conditioning penetration.[9]
  • By 2026, the U.S. HVAC market, which was valued at $57.8 billion in 2020, is anticipated to have grown to $82.5 billion, with a CAGR of 6.1% from 2021 to 20.26.[9]
  • The size of the worldwide air conditioning market was $102.02 billion in 2018 and from 2019 to 20.25, it is anticipated to grow at a CAGR of 9.9%.[9]
  • More than 67% of Southern houses surveyed said that their inhabitants left their air conditioners on all day.[10]
  • According to estimates, 44% of Americans now use electrical heating systems, compared to 43% who still use utility gas to heat their houses.[10]
  • The Department of Energy estimates that each year, roughly 50,000 geothermal heat pumps are built across the nation.[11]
  • Nearly 88% of respondents in the HVAC sector predicted having a good or exceptional business year in 2019, and of those respondents, 43% saw their company growing by 5-10%.[11]
  • Some experts forecast that over the next 10 years, the number of HVAC employees will increase by 15%, according to AHR Expo and ASHRAE Journal.[11]
  • HVAC businesses employed 1.2 million people in the U.S. in 2017, an increase of more than 5% from 2017.[11]
  • The future for the HVAC business expects 13% growth through 2028, which demonstrates the industry’s overall health.[11]
  • Currently, it is predicted that more than 14 million U.S. households employ smart homes or smart technology solutions, and that figure is only anticipated to increase.[11]
  • Over 2017–2018, the number of new air conditioners increased by 47% in 2019.[12]
  • 40% of HVAC workers are employed by businesses with less than 10 employees.[12]
  • Nearly 40% of those employed in heating and cooling work for businesses with 10 or fewer workers.[12]
  • Compared to 2017, the number of air conditioners and central air conditioners increased by over 4% in 2018.[12]
  • By 2026, the Bureau of Labor Statistics anticipates a 15% rise in employment in the HVAC industry.[12]
  • Residential air conditioning uses 5% of the nation’s total electrical output, costing us households more than $11 billion.[13]
  • According to studies, the U.S. passenger car industry uses roughly 5.5% of its gasoline to power the air conditioning.[13]

Also Read

How Useful is Hvac

One of the most obvious advantages of HVAC systems is their ability to control indoor temperature. Whether it’s a scorching hot summer day or a freezing cold winter night, HVAC systems allow us to adjust the temperature to our liking, ensuring that we remain comfortable and cozy inside our homes, offices, or commercial buildings. This not only enhances our overall well-being but also helps to boost productivity and concentration by creating a conducive working environment.

In addition to temperature control, HVAC systems also play a crucial role in maintaining indoor air quality. Proper ventilation is essential for removing pollutants, allergens, and other harmful contaminants from indoor spaces. By constantly circulating and filtering the air, HVAC systems help to prevent respiratory issues, reduce the spread of airborne diseases, and create a cleaner and healthier living and working environment for occupants.

Furthermore, HVAC systems contribute to energy efficiency and cost savings. Modern HVAC technologies are designed to be energy-efficient, helping to regulate energy consumption and reduce utility bills. By optimizing heating and cooling operations and utilizing smart controls and sensors, HVAC systems can be programmed to operate only when needed, thereby minimizing energy waste and environmental impact.

Another often overlooked benefit of HVAC systems is their ability to improve the lifespan of buildings and equipment. Properly functioning HVAC systems help to regulate humidity levels, reduce moisture buildup, and prevent mold growth, which can cause structural damage and deteriorate building materials over time. By maintaining a consistent and balanced indoor climate, HVAC systems help to prolong the life of furniture, electronics, and other personal belongings, ultimately saving money on repairs and replacements.

Furthermore, HVAC systems contribute to overall sustainability and environmental conservation efforts. By reducing energy consumption and greenhouse gas emissions, HVAC systems help to minimize our carbon footprint and promote a more eco-friendly lifestyle. With a growing focus on sustainability and environmental responsibility, the importance of energy-efficient HVAC systems cannot be overstated in the fight against climate change and global warming.

In conclusion, HVAC systems are invaluable assets that enhance our comfort, health, productivity, and overall quality of life. From maintaining optimal indoor temperature and air quality to reducing energy costs and environmental impact, HVAC systems offer a host of benefits that are essential for modern living. As technology continues to evolve and improve, it is imperative that we recognize and appreciate the significance of HVAC systems in creating safe, comfortable, and sustainable indoor environments for both present and future generations.

Reference

  1. comfyliving – https://comfyliving.net/hvac-statistics/
  2. esub – https://esub.com/blog/hvac-market-statistics-that-will-affect-projects/
  3. frontofficesolutions – https://frontofficesolutions.net/hvac-industry-statistics/
  4. paylesspower – https://paylesspower.com/blog/air-conditioning-statistics/
  5. acca – https://www.acca.org/hvac-industry-growth
  6. bls – https://www.bls.gov/ooh/installation-maintenance-and-repair/heating-air-conditioning-and-refrigeration-mechanics-and-installers.htm
  7. eds – https://www.eds.tech/hvac-industry-trends-statistics-you-must-know-to-survive-in-2021-and-ahead/
  8. fieldinsight – https://www.fieldinsight.com/blog/hvac-industry-statistics/
  9. getonedesk – https://www.getonedesk.com/hvac-statistics
  10. hvacwebmasters – https://www.hvacwebmasters.com/hvac-industry-statistics/
  11. servicetitan – https://www.servicetitan.com/blog/hvac-industry-trends
  12. trendstatistics – https://www.trendstatistics.com/careers/hvac-statistics/
  13. warnerservice – https://www.warnerservice.com/shocking-air-conditioning-statistics

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