The HVAC industry is definitely growing at a rapid pace. That's mainly due to the increasing demand for energy-efficient systems, rising construction activities, etc. On average, the HVAC systems market is expected to have a 7.4% CAGR between 2024 and 2030. Similarly, in 2023, this industry was valued at USD 233.55 billion. According to IBISWorld, last year witnessed a 2.1% rise from 2022 in the number of HVAC businesses, amounting to nearly 111,849 in America.