Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market

By Type;

Heating and Ventilation & Air Conditioning

By Application;

Industrial, Commercial and Residential

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn475116050 Published Date: September, 2025 Updated Date: November, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)5.6 %
Market Size (2024)USD 5,577.30 Million
Market Size (2031)USD 8,167.16 Million
Market ConcentrationMedium
Report Pages336
5,577.30
2024
8,167.16
2031

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Power Source
    3. Market Snapshot, By Rental Duration
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Emergency Response and Disaster Recovery

        2. Regulatory Compliance and Sustainability Initiatives

        3. Growing Awareness of Energy Efficiency

        4. Expansion of Commercial Sector

      2. Restraints
        1. Seasonal Demand Fluctuations

        2. Regulatory Constraints and Compliance

        3. Limited Availability of Specialized Equipment

        4. Maintenance and Operational Costs

      3. Opportunities
        1. Technological Advancements in HVAC Equipment

        2. Increasing Awareness of Climate Change

        3. Growing Demand from Healthcare Sector

        4. Event Management and Hospitality Industries

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Product Type, 2021 - 2031 (USD Million)
      1. Heating
      2. Ventilation
      3. Air Conditioner
    2. Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Power Source, 2021 - 2031 (USD Million)

      1. Electric

      2. Diesel

      3. Gas

      4. Renewable Energy

    3. Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Rental Duration, 2021 - 2031 (USD Million)

      1. Short-Term

      2. Long Term

      3. Seasonal

    4. Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Industrial
      2. Commercial
      3. Residential
    5. Heating, Ventilation, and Air Conditioning (HVAC) Rental Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. United Rentals Inc.
      2. AIRCON Rentals
      3. Ashtead Group plc (Sunbelt Rentals)
      4. A-1 Equipment Rentals
      5. Andrews Sykes Group
      6. Aerotek Equipment
      7. Carrier Rental Systems
      8. Trane Technologies plc
      9. Atlas Copco Group
      10. Herc Holdings Inc. (Herc Rentals)
      11. Johnson Controls International plc
      12. Aggreko Ltd.
      13. Sunbelt Climate Control
      14. Cool Air Rentals
      15. Rental Solutions & Services LLC
  7. Analyst Views
  8. Future Outlook of the Market