June 25, 2026
If there is one thing that you can count on in the heating, cooling and water heating industries, it’s change. New technology, evolving regulations, changing residential and commercial demands—innovation is happening faster than ever before. Despite changes and challenges, both markets continue to grow. The U.S. HVAC systems market is estimated at $31.7 billion and projected to reach $54 billion by 2033, while the U.S. plumbing industry is valued at roughly $191.4 billion. “Consumer interest in heat pumps and connected solutions remain strong, and new standards and policy changes continue to encourage homeowners and building owners to consider upgrades sooner…