Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market
By Type;
Heating and Ventilation & Air ConditioningBy Application;
Industrial, Commercial and ResidentialBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)HVAC Rental Equipment Market Overview
HVAC Rental Equipment Market (USD Million)
HVAC Rental Equipment Market was valued at USD 5,577.30 million in the year 2024. The size of this market is expected to increase to USD 8,167.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market
*Market size in USD million
CAGR 5.6 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 5.6 % | 
| Market Size (2024) | USD 5,577.30 Million | 
| Market Size (2031) | USD 8,167.16 Million | 
| Market Concentration | Medium | 
| Report Pages | 336 | 
Major Players
- Aggreko
- Ingersoll-Rand
- Johnson Controls
- United Technologies
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market
Fragmented - Highly competitive market without dominant players
The Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market is gaining momentum as organizations and individuals seek flexible and cost-effective climate control solutions. Demand for temporary HVAC systems has increased by over 30%, largely driven by short-term projects, seasonal needs, and emergency requirements. This shift reflects the growing preference for rental options over permanent installations in multiple industries.
Key Drivers Accelerating Growth
Increasing demand for energy-efficient solutions and the need for quick deployment are fueling the adoption of HVAC rental services. Around 40% of customers prefer rentals to avoid high capital costs while maintaining access to modern equipment. This model allows organizations to meet operational requirements without long-term ownership burdens.
Advancements Enhancing Market Appeal
Innovations such as smart monitoring systems, eco-friendly refrigerants, and modular units are strengthening rental offerings. Nearly 45% of recent rental equipment includes advanced energy management features that lower operational expenses. These advancements make HVAC rentals more sustainable and attractive across commercial, industrial, and event-based applications.
Strategic Collaborations and Expansions
Companies are focusing on partnerships, fleet expansions, and service innovation to gain market advantage. More than 35% of providers are investing in expanding their rental fleets to meet rising demand from sectors such as healthcare, construction, and data centers. These strategies highlight the industry’s commitment to delivering tailored, reliable, and scalable solutions.
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market Key Takeaways
-  Cost Efficiency: Renting HVAC equipment enables businesses to avoid high upfront costs, offering a flexible and cost-effective solution for temporary climate control needs. 
-  Regional Growth: The Asia-Pacific region is experiencing significant growth, driven by increasing industrialization and infrastructure development, while North America remains a strong market due to established rental infrastructure. 
-  Market Expansion: The market is expanding beyond traditional sectors, with increased demand from events, exhibitions, and emergency situations requiring temporary HVAC solutions. 
-  Technological Advancements: Innovations in energy-efficient and environmentally friendly HVAC systems are enhancing the appeal of rental options, aligning with sustainability goals. 
-  Regulatory Compliance: Stricter environmental regulations are influencing the adoption of advanced HVAC technologies, with rental services offering access to compliant equipment without long-term commitments. 
-  Service Integration: Rental providers are offering comprehensive services, including installation, maintenance, and support, adding value and convenience for customers. 
-  Competitive Landscape: The market is becoming increasingly competitive, with both established players and new entrants vying for market share, leading to improved service offerings and pricing strategies. 
HVAC Rental Equipment Market Recent Developments
-  In December 2023, United Rentals, a leading equipment rental company, expanded its HVAC rental fleet with energy-efficient equipment and advanced monitoring technologies. 
-  In June 2021, Sunbelt Rentals, a leading equipment rental company, launched a new online platform for HVAC equipment rental, simplifying the rental process for customers. 
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market Segment Analysis
In this report, the Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market has been segmented by Type, Application, and Geography.
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, Segmentation by Type
The Type segmentation divides the market into Heating and Ventilation & Air Conditioning equipment, reflecting a broad spectrum of temporary climate control solutions. Growing infrastructure projects, data centers, and event venues are increasingly relying on rental HVAC systems to ensure operational continuity. The shift toward energy-efficient units and rapid deployment capabilities drives market competitiveness and long-term rental contracts.
Heating
The Heating segment includes portable boilers, heaters, and fuel-based systems deployed across construction sites, industrial maintenance, and emergency environments. Its demand intensifies during seasonal peaks and in regions with harsh winters. Vendors focus on low-emission technologies and modular configurations that deliver reliable, scalable heating while minimizing environmental impact.
Ventilation & Air Conditioning
The Ventilation & Air Conditioning category dominates due to the widespread need for temperature control, air quality management, and humidity regulation. These systems are heavily used in commercial events, healthcare, and manufacturing. Market leaders emphasize remote monitoring, energy optimization, and eco-friendly refrigerants, aligning with tightening environmental regulations and customer expectations for sustainability.
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, Segmentation by Application
The Application segmentation spans Industrial, Commercial, and Residential domains, reflecting the market’s multi-sector appeal. Each segment’s growth trajectory is influenced by temporary demand cycles, maintenance schedules, and energy efficiency mandates. Rental HVAC solutions enable flexibility, lower capital investment, and support short-term infrastructure resilience, particularly in climate-sensitive operations.
Industrial
The Industrial segment is a key driver, serving refineries, manufacturing plants, and construction projects requiring temporary climate control. Adoption is supported by process stability needs and compliance with environmental standards. Rental companies partner with industrial EPC firms to integrate HVAC modules within shutdown and turnaround schedules, ensuring minimal operational downtime.
Commercial
Within the Commercial sector, demand is propelled by offices, hospitality, and retail facilities where downtime or system failure can directly affect revenue. Businesses leverage rental solutions during system retrofits or seasonal surges. The sector is experiencing rapid adoption of smart, IoT-enabled HVAC rentals that monitor energy use and predictive maintenance metrics to enhance efficiency.
Residential
The Residential segment benefits from disaster recovery programs, home renovations, and seasonal cooling or heating needs. Customers prefer short-term rental models that provide cost efficiency and convenience without long-term commitments. Vendors are expanding distribution networks and offering plug-and-play solutions to cater to growing urban populations and emergency response initiatives.
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, Segmentation by Geography
In this report, the Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Rest of the World
North America
North America dominates the HVAC rental market with a robust industrial base and frequent use of temporary solutions during peak seasonal demand. The U.S. and Canada are focusing on energy-efficient equipment and modular rentals for data centers, construction, and healthcare applications. Continuous innovation in low-emission HVAC systems strengthens regional competitiveness.
Europe
Europe exhibits strong growth driven by stringent environmental regulations, energy performance standards, and replacement of older infrastructure. Rental providers are introducing renewable-compatible HVAC systems and digital controls to meet sustainability targets. The market also benefits from expansion in commercial real estate renovation projects and public infrastructure upgrades.
Asia Pacific
Asia Pacific shows accelerating demand due to industrial expansion, urbanization, and major event-driven infrastructure development. Countries like China, India, and Japan are investing in portable HVAC units for construction, mining, and temporary facility setups. Regional manufacturers are scaling production capacity and forming strategic alliances to enhance rental availability.
Middle East and Africa
Middle East and Africa are emerging as growth frontiers, supported by extreme climatic conditions and large-scale oil & gas, construction, and tourism projects. Rental service providers are adopting hybrid cooling systems and remote management tools to meet performance expectations in high-temperature environments. The region’s emphasis on energy diversification drives innovation in solar-assisted rental HVAC units.
Latin America
Latin America demonstrates steady adoption as commercial and industrial customers seek cost-effective rental models amid fluctuating capital budgets. The market is expanding in sectors such as retail, hospitality, and construction, where portable HVAC systems offer flexibility and scalability. Vendors are strengthening after-sales service networks to build long-term customer relationships across the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global HVAC Rental Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Emergency Response and Disaster Recovery
- Regulatory Compliance and Sustainability Initiatives
- Growing Awareness of Energy Efficiency
-  Expansion of Commercial Sector: The expansion of the commercial sector presents significant opportunities for the global HVAC rental equipment market. Commercial establishments such as office buildings, retail spaces, hotels, and entertainment venues require effective climate control solutions to enhance customer comfort, ensure operational efficiency, and comply with regulatory standards. HVAC rental equipment meets these needs by providing flexible and scalable solutions that can be tailored to accommodate seasonal variations, renovations, or temporary expansions without the upfront costs associated with purchasing equipment. As businesses increasingly prioritize energy efficiency and sustainability, the demand for rental HVAC systems equipped with eco-friendly technologies is expected to rise. Rental providers are responding by offering advanced equipment that not only meets environmental standards but also integrates smart technologies for improved monitoring and control. This trend is particularly pronounced in urban areas experiencing rapid commercial development, where the ability to quickly deploy and adapt HVAC solutions to varying demands positions rental services as a preferred choice over traditional ownership models. Overall, the expansion of the commercial sector presents a fertile ground for HVAC rental equipment providers to innovate and expand their market footprint, driven by the growing need for efficient and flexible climate control solutions in dynamic business environments. 
Restraints:
- Seasonal Demand Fluctuations
- Regulatory Constraints and Compliance
- Limited Availability of Specialized Equipment
-  Maintenance and Operational Costs: Maintenance and operational costs are critical factors influencing the profitability and efficiency of the global HVAC rental equipment market. For rental equipment providers, ensuring the reliability and performance of HVAC units throughout their rental lifecycle is essential to meet customer expectations and maintain competitive advantage. Regular maintenance activities such as inspections, servicing, and repairs are necessary to prolong the lifespan of equipment and minimize downtime, thereby maximizing rental revenues and customer satisfaction. Despite these challenges, the HVAC rental equipment market presents opportunities for cost-saving initiatives through efficient fleet management practices, strategic partnerships with maintenance service providers, and investments in technology-driven solutions that optimize operational efficiency. As businesses across various sectors continue to rely on rental solutions for temporary climate control needs, providers capable of managing maintenance and operational costs effectively will be well-positioned to capitalize on the expanding market opportunities and meet the evolving demands of commercial, industrial, and residential customers globally. 
Opportunities:
- Technological Advancements in HVAC Equipment
- Increasing Awareness of Climate Change
- Growing Demand from Healthcare Sector
-  Event Management and Hospitality Industries: The event management and hospitality industries are significant drivers of demand within the global HVAC rental equipment market. These sectors rely heavily on temporary climate control solutions to ensure optimal comfort for attendees, guests, and staff during events, conferences, weddings, and other gatherings. HVAC rental equipment such as portable air conditioners, heaters, and dehumidifiers play a crucial role in maintaining suitable indoor environments regardless of external weather conditions or venue specifications. Event organizers and hospitality managers value HVAC rental solutions for their flexibility, scalability, and ability to meet short-term needs without the capital investment required for permanent installations. Rental equipment providers offer a range of options tailored to the unique requirements of each event, whether held indoors, in temporary structures, or in outdoor venues. This flexibility allows for quick deployment and adjustment of HVAC systems based on event size, duration, and specific climate control demands. 
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market Competitive Landscape Analysis
Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market is experiencing robust growth due to rising demand for cost-effective and flexible HVAC solutions. Companies are focusing on innovation and strategic partnerships to enhance their product offerings. Technological advancements in energy efficiency and sustainability are key drivers of market growth and expansion.
Market Structure and Concentration
The HVAC Rental Equipment Market is characterized by moderate concentration, with a mix of well-established companies and regional players. Market leaders are leveraging mergers and collaborations to consolidate their positions. Smaller companies are focusing on niche applications and expanding their geographical reach to stay competitive.
Brand and Channel Strategies
Companies in the HVAC Rental Equipment Market are strengthening their brand presence through strategic collaborations and distribution network expansion. Partnerships with construction firms, industrial sectors, and facilities management companies are key to increasing market penetration. Direct sales and digital channels are becoming important in reaching end consumers.
Innovation Drivers and Technological Advancements
Innovation plays a critical role in the HVAC Rental Equipment Market, with companies investing in energy-efficient, sustainable systems. Technological advancements in automation, smart systems, and predictive maintenance are fueling product development. These innovations help optimize performance and reduce operational costs, contributing to significant growth in the market.
Regional Momentum and Expansion
Regional expansion in the HVAC Rental Equipment Market is driven by increasing demand from emerging industries and commercial sectors. Companies are forming partnerships with local service providers to enhance their market presence. Expansion into new geographic regions is essential to meet the growing demand for HVAC rental solutions in developing economies.
Future Outlook
The future outlook for the HVAC Rental Equipment Market is promising, with steady growth expected as industries seek flexible and cost-efficient solutions. Innovation in energy efficiency and sustainability will drive growth, while strategic partnerships and technological advancements will shape the market’s future trajectory.
Key players in Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market include:
- United Rentals Inc.
- AIRCON Rentals
- Ashtead Group plc (Sunbelt Rentals)
- A-1 Equipment Rentals
- Andrews Sykes Group
- Aerotek Equipment
- Carrier Rental Systems
- Trane Technologies plc
- Atlas Copco Group
- Herc Holdings Inc. (Herc Rentals)
- Johnson Controls International plc
- Aggreko Ltd.
- Sunbelt Climate Control
- Cool Air Rentals
- Rental Solutions & Services LLC
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction - Research Objectives and Assumptions
- Research Methodology
- Abbreviations
 
- Market Definition & Study Scope
- Executive Summary - Market Snapshot, By Product Type
- Market Snapshot, By Power Source
- Market Snapshot, By Rental Duration
- Market Snapshot, By Application
- Market Snapshot, By Region
 
- Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market Dynamics - Drivers, Restraints and Opportunities - Drivers -  Emergency Response and Disaster Recovery 
-  Regulatory Compliance and Sustainability Initiatives 
-  Growing Awareness of Energy Efficiency 
-  Expansion of Commercial Sector 
 
-  
- Restraints -  Seasonal Demand Fluctuations 
-  Regulatory Constraints and Compliance 
-  Limited Availability of Specialized Equipment 
-  Maintenance and Operational Costs 
 
-  
- Opportunities -  Technological Advancements in HVAC Equipment 
-  Increasing Awareness of Climate Change 
-  Growing Demand from Healthcare Sector 
-  Event Management and Hospitality Industries 
 
-  
 
- Drivers 
- PEST Analysis - Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
 
- Porter's Analysis - Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
 
 
- Drivers, Restraints and Opportunities 
- Market Segmentation - Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Product Type, 2021 - 2031 (USD Million) - Heating
- Ventilation
- Air Conditioner
 
-  Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Power Source, 2021 - 2031 (USD Million) -  Electric 
-  Diesel 
-  Gas 
-  Renewable Energy 
 
-  
-  Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Rental Duration, 2021 - 2031 (USD Million) -  Short-Term 
-  Long Term 
-  Seasonal 
 
-  
- Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Application, 2021 - 2031 (USD Million) - Industrial
- Commercial
- Residential
 
- Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Geography, 2021 - 2031 (USD Million) - North America - United States
- Canada
 
- Europe - Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
 
- Asia Pacific - Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
 
- Middle East & Africa - GCC
- Israel
- South Africa
- Rest of Middle East & Africa
 
- Latin America - Brazil
- Mexico
- Argentina
- Rest of Latin America
 
 
- North America 
 
- Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Product Type, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - United Rentals Inc.
- AIRCON Rentals
- Ashtead Group plc (Sunbelt Rentals)
- A-1 Equipment Rentals
- Andrews Sykes Group
- Aerotek Equipment
- Carrier Rental Systems
- Trane Technologies plc
- Atlas Copco Group
- Herc Holdings Inc. (Herc Rentals)
- Johnson Controls International plc
- Aggreko Ltd.
- Sunbelt Climate Control
- Cool Air Rentals
- Rental Solutions & Services LLC
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


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