U.S. Commercial HVAC Rooftop Units Market Size, Share & Trends Analysis Report By Capacity (5-7 Ton, 7-10 Ton), By SEER (Less than 14 SEER, 14-19 SEER), By Product Type, By Application, And Segment Forecasts, 2023 - 2030

The U. S. commercial HVAC rooftop units market size is anticipated to reach USD 2.56 billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. The surging demand for heating equipment with a high seasonal coefficient of performance (SCOP), that can work efficiently in both winter and summer seasons, is expected to fuel the growth of the U. S. commercial HVAC rooftop units (RTUs) industry over the forecast period.

The U. S. commercial HVAC RTUs market is expected to witness an increase in sales with the availability of rebate programs and tax credits associated with purchasing energy-efficient systems. To enhance the performance of HVAC RTUs, several levels of government, including the Federation and state governments, have established standards such as U. S. Department of Energy (DoE) energy conservation standards. The governments have set forth certain standards that aim at manufacturing energy-efficient equipment and reducing environmental hazards and carbon footprints.

In addition to tax and rebate programs, several governments offer benefits for encouraging customers to use energy-efficient products having low power consumption or using renewable energy products. In addition, reducing power consumption by promoting the use of energy-efficient and renewable energy products is another benefit the government offers. These aforementioned factors are anticipated to propel the demand for HVAC rooftop units in the U. S. over the forecast period.

The U. S. HVAC rooftop unit industry is witnessing an increasing demand from the commercial sector for varied applications such as warehouses, retail, and healthcare. As such, there is a high demand for integrated solutions across these verticals that can facilitate control of different parameters, such as temperature, humidity, and airflow, remotely and from various devices. Several companies are developing solutions that offer integrated control of HVAC equipment throughout the building.

For instance, 48LC WeatherExpert 3-23 Ton Packaged rooftop units offered by Carrier Global Corporation are the most efficient commercial packaged rooftop that provides electric cooling & gas heating. The multistage cooling compressor logic provides added comfort, energy savings, and humidity control.

Manufacturers of commercial HVAC RTUs are looking for product launches, investments, and expansions to develop new products. For instance, in June 2023, Trane launched three new products, namely all electric Axiom rooftop water sources heat pumps, Mitsubishi electric/Trane s-MEXT, and new Symbio unit controllers for air handling systems & water source heat pumps. This launch aims to streamline the company's operations toward greater efficiency, decarbonization, and electrification.

U. S. Commercial HVAC Rooftop Units Market Report Highlights

• In terms of SEER, the 14-19 SEER segment led the market with a revenue share of 76.7% in 2022. The segment growth is driven by the increasing importance of energy-efficient systems used in commercial places. The cooling and heating, ventilation, and proper humidity control at large institutional, recreational, and commercial spaces require huge power and fuel to keep the indoor air quality and temperature within the acceptable range
• Based on product type, the conventional HVAC rooftop units segment led the market with a revenue share of 94.7% in 2022. The growth is primarily driven by their continued usage and demand for packaged AC and packaged terminal heating units in the U. S. Furthermore, the growing construction industry and several buildings in the U. S. are likely to propel the demand for conventional HVAC rooftop units
• In terms of product type, the rising popularity of the VRF HVAC RTUs is attributed to the characteristics and advantages offered by these units and it is projected to grow at the fastest CAGR of 10.1% during the forecast period. Its advantages include energy efficiency, flexible zonal control capabilities, easy installation, and it can provide simultaneous heating and cooling without requiring any ductwork
• In terms of application, the workspace segment led the market with a revenue share of 23.7% in 2022. The segment growth is substantially driven by the growth of the commercial sector, primarily office buildings. The HVAC RTU plays a vital role in maintaining indoor air quality, proper heating, cooling, and ventilation of buildings
• Based on application, the retail stores segment is projected to witness the fastest CAGR of 6.0% over the forecast period. The growing number of retail stores is projected to drive the demand for HVAC rooftop units over the forecast period. The growth in retail stores is driven by the growing population, increasing disposable incomes, and high expenditure on consumer goods and commodities