With the boom in the construction industry, the demand for heating, ventilation, and air-conditioning (HVAC) services is rising rapidly in the U.S. Because of the rapid urbanization, increasing population, and the soaring construction of various buildings and establishments, the construction industry is exhibiting rapid expansion in the U.S. For example, as per the U.S. Census Bureau, the country’s population is predicted to rise by nearly 7% from 2019 to 2029.

Furthermore, with the increasing implementation of government initiatives aimed at augmenting the home ownership rate, the construction of residential buildings is soaring rapidly in the country. For example, the U.S. government announced an increment of nearly 2% in its budget allocation for various construction projects. With the launch of several construction projects, the demand for HVAC equipment will explode, which will, in turn, propel the requirement for HVAC services in the country in the coming years.

Read Full Report: U.S. HVAC Services Market Revenue Estimation and Growth Forecast Report

Besides the aforementioned factors, the rising focus on energy efficiency is also positively impacting the requirement for HVAC services in the country. Furthermore, the surging replacement rate of HVAC devices and equipment is augmenting the need for associated services in the country, which is, in turn, driving the expansion of the U.S. heating, ventilation, and air-conditioning (HVAC) services market. The valuation of the market is predicted to grow from $25,625.8 million in 2019 to $35,714.5 million by 2030.

Depending on type, the U.S. HVAC services market is divided into maintenance repair, upgradation/replacement, and installation and consulting. Out of these, the upgradation/replacement category recorded the highest growth in the market in the past years. In the coming years, the consulting category is predicted to exhibit the highest CAGR in the market. Consulting services include visual inspection, which is usually carried out by HVAC technicians for identifying potential issues in the equipment before recommending it for maintenance.