Expert HVAC partners will provide elite service and trustworthy feedback to keep businesses modern, efficient, and sustainable while guiding great choices throughout 2024. However, as Michigan is experiencing growth, the HVAC industry is confronting challenges, including an aging infrastructure, a skilled labor shortage, a higher demand for smart HVAC systems, and rising energy costs.

Commercial HVAC Growth in Michigan

The market in the Midwest region of the country accounted for the maximum revenue share of more than 22.4% in 2022. Illinois, Michigan, and Ohio in the Midwestern part of the U.S. have the presence of a large number of manufacturing units. Therefore, the demand for commercial HVAC systems in the region is high, with significant growth expected through 2030.

HVAC Industry Trends

The HVAC industry is experiencing rapid growth and is expected to generate $150 billion in annual revenue and employ over 1.5 million people in the U.S. Businesses throughout Michigan have to make critical decisions on vital commercial HVAC partnerships in 2024 as demand soars in an industry without a company securing more than 5% of the market. The most popular HVAC technology trends are indoor air quality (IAQ) and smart systems, with the focus on IAQ projected to grow demand to $11.9 billion nationally by 2027.

HVAC Market Trends

HVAC market trends show that the U.S. Midwest region accounted for the most HVAC industry revenue at over 22.4% in 2022. Growth in the construction industry is a strong driver of commercial partnerships, with features like IAQ, natural ventilation, and energy efficiency propelling both demand and innovation

2024 Market Segment Trends

HVAC business demand in the U.S. includes new construction, retrofitting buildings, servicing commercial operations, and retail locations. Commercial HVAC services are the second factor within the market, accounting for a 30% share

2024 Growth Statistics

• Over 145,000 HVAC companies in the U.S. across commercial, industrial, and residential segments.
• HVAC employment increased by 2.8% from 2018-to-2023.
• Overall HVAC industry growth is expected at a 5% rate through 2028.
• HVAC technician employment is projected to grow 5% through 2031.

Demand for HVAC Partnerships

Relationship-focused strategies have shifted from transactional short-term solutions to long-term reliability from commercial HVAC and refrigeration professionals. This trend is guided by customer experience, service-driven demands, and consultation requests to make calculated business decisions, encouraging service providers to deliver quality and supply expert feedback. For customers, long-term reliable partnerships lower costs and provide proactive service, which can extend the life of their HVAC and refrigeration systems.

Partnering with RMS

Sustainable, trustworthy partnerships drive the RMS team to deliver expert HVAC and refrigeration services throughout Michigan.

• Climate-controlled storage solutions.
• Commercial HVAC & refrigeration services.
• Innovative, sustainable & efficient results.

Valuing great relationships provides optimal outcomes, and RMS understands the importance of installing high-quality HVAC and refrigeration systems that meet your needs. Our team of experts provides customized solutions that optimize your units and implement cost-reducing energy efficiencies.