HVAC Services Market, Global Outlook and Forecast 2023-2032
The global HVAC Services market was valued at US$ 1254.5 million in 2022 and is projected to reach US$ 1726.7 million by 2029, at a CAGR of 4.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global HVAC Services market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global HVAC Services market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global HVAC Services market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Heating, ventilation, and air conditioning (HVAC) is the technology of indoor and vehicular environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. HVAC system design is a subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics and heat transfer.
This report aims to provide a comprehensive presentation of the global market for HVAC Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVAC Services. This report contains market size and forecasts of HVAC Services in global, including the following market information:
- Global HVAC Services Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
The growing demand for HVAC replacements in developed countries will drive the growth prospects for the global HVAC services market until the end of 2021. The market is witnessing a huge shift towards the reduction of operating costs, increasing energy efficiency, and utilizing the favorable government incentives to replace existing heating, ventilation, and air conditioning (HVAC) equipment in various countries such as the US, the UK, Germany, and Japan. Also, the regulations about the use of refrigerants and energy efficiency will increase the number of investments in the replacement of old HVAC systems. Furthermore, reducing the Freon, other CFC refrigerants production, energy consumption during peak summers, and utility costs by at least 15% will influence the need for replacing the existing HVAC equipment, which, in turn, will accelerate the revenue generation in global HVAC services market.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the HVAC Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HVAC Services Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global HVAC Services Market Segment Percentages, by Type, 2022 (%)
- Heating
- Ventilation
- Cooling
Global HVAC Services Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global HVAC Services Market Segment Percentages, by Application, 2022 (%)
- Airflow and Quality
- Temperature and Humidity
- Electrical
- Others
Global HVAC Services Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global HVAC Services Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies HVAC Services revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies HVAC Services revenues share in global market, 2022 (%)
key players include:
- Carrier
- DAIKIN INDUSTRIES
- Ingersoll Rand
- Johnson Controls International
Outline of Major Chapters:
Chapter 1: Introduces the definition of HVAC Services, market overview.
Chapter 2: Global HVAC Services market size in revenue.
Chapter 3: Detailed analysis of HVAC Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of HVAC Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
