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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 HVAC Services Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global HVAC Services Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global HVAC Services Overall Market Size
2.1 Global HVAC Services Market Size: 2022 VS 2032
2.2 Global HVAC Services Market Size, Prospects & Forecasts: 2018-2032
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top HVAC Services Players in Global Market
3.2 Top Global HVAC Services Companies Ranked by Revenue
3.3 Global HVAC Services Revenue by Companies
3.4 Top 3 and Top 5 HVAC Services Companies in Global Market, by Revenue in 2022
3.5 Global Companies HVAC Services Product Type
3.6 Tier 1, Tier 2 and Tier 3 HVAC Services Players in Global Market
3.6.1 List of Global Tier 1 HVAC Services Companies
3.6.2 List of Global Tier 2 and Tier 3 HVAC Services Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global HVAC Services Market Size Markets, 2022 & 2032
4.1.2 Heating
4.1.3 Ventilation
4.1.4 Cooling
4.2 By Type - Global HVAC Services Revenue & Forecasts
4.2.1 By Type - Global HVAC Services Revenue, 2018-2023
4.2.2 By Type - Global HVAC Services Revenue, 2024-2032
4.2.3 By Type - Global HVAC Services Revenue Market Share, 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global HVAC Services Market Size, 2022 & 2032
5.1.2 Airflow and Quality
5.1.3 Temperature and Humidity
5.1.4 Electrical
5.1.5 Others
5.2 By Application - Global HVAC Services Revenue & Forecasts
5.2.1 By Application - Global HVAC Services Revenue, 2018-2023
5.2.2 By Application - Global HVAC Services Revenue, 2024-2032
5.2.3 By Application - Global HVAC Services Revenue Market Share, 2018-2032
6 Sights by Region
6.1 By Region - Global HVAC Services Market Size, 2022 & 2032
6.2 By Region - Global HVAC Services Revenue & Forecasts
6.2.1 By Region - Global HVAC Services Revenue, 2018-2023
6.2.2 By Region - Global HVAC Services Revenue, 2024-2032
6.2.3 By Region - Global HVAC Services Revenue Market Share, 2018-2032
6.3 North America
6.3.1 By Country - North America HVAC Services Revenue, 2018-2032
6.3.2 US HVAC Services Market Size, 2018-2032
6.3.3 Canada HVAC Services Market Size, 2018-2032
6.3.4 Mexico HVAC Services Market Size, 2018-2032
6.4 Europe
6.4.1 By Country - Europe HVAC Services Revenue, 2018-2032
6.4.2 Germany HVAC Services Market Size, 2018-2032
6.4.3 France HVAC Services Market Size, 2018-2032
6.4.4 U.K. HVAC Services Market Size, 2018-2032
6.4.5 Italy HVAC Services Market Size, 2018-2032
6.4.6 Russia HVAC Services Market Size, 2018-2032
6.4.7 Nordic Countries HVAC Services Market Size, 2018-2032
6.4.8 Benelux HVAC Services Market Size, 2018-2032
6.5 Asia
6.5.1 By Region - Asia HVAC Services Revenue, 2018-2032
6.5.2 China HVAC Services Market Size, 2018-2032
6.5.3 Japan HVAC Services Market Size, 2018-2032
6.5.4 South Korea HVAC Services Market Size, 2018-2032
6.5.5 Southeast Asia HVAC Services Market Size, 2018-2032
6.5.6 India HVAC Services Market Size, 2018-2032
6.6 South America
6.6.1 By Country - South America HVAC Services Revenue, 2018-2032
6.6.2 Brazil HVAC Services Market Size, 2018-2032
6.6.3 Argentina HVAC Services Market Size, 2018-2032
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa HVAC Services Revenue, 2018-2032
6.7.2 Turkey HVAC Services Market Size, 2018-2032
6.7.3 Israel HVAC Services Market Size, 2018-2032
6.7.4 Saudi Arabia HVAC Services Market Size, 2018-2032
6.7.5 UAE HVAC Services Market Size, 2018-2032
7 HVAC Services Companies Profiles
7.1 Carrier
7.1.1 Carrier Company Summary
7.1.2 Carrier Business Overview
7.1.3 Carrier HVAC Services Major Product Offerings
7.1.4 Carrier HVAC Services Revenue in Global Market (2018-2023)
7.1.5 Carrier Key News & Latest Developments
7.2 DAIKIN INDUSTRIES
7.2.1 DAIKIN INDUSTRIES Company Summary
7.2.2 DAIKIN INDUSTRIES Business Overview
7.2.3 DAIKIN INDUSTRIES HVAC Services Major Product Offerings
7.2.4 DAIKIN INDUSTRIES HVAC Services Revenue in Global Market (2018-2023)
7.2.5 DAIKIN INDUSTRIES Key News & Latest Developments
7.3 Ingersoll Rand
7.3.1 Ingersoll Rand Company Summary
7.3.2 Ingersoll Rand Business Overview
7.3.3 Ingersoll Rand HVAC Services Major Product Offerings
7.3.4 Ingersoll Rand HVAC Services Revenue in Global Market (2018-2023)
7.3.5 Ingersoll Rand Key News & Latest Developments
7.4 Johnson Controls International
7.4.1 Johnson Controls International Company Summary
7.4.2 Johnson Controls International Business Overview
7.4.3 Johnson Controls International HVAC Services Major Product Offerings
7.4.4 Johnson Controls International HVAC Services Revenue in Global Market (2018-2023)
7.4.5 Johnson Controls International Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. HVAC Services Market Opportunities & Trends in Global Market
Table 2. HVAC Services Market Drivers in Global Market
Table 3. HVAC Services Market Restraints in Global Market
Table 4. Key Players of HVAC Services in Global Market
Table 5. Top HVAC Services Players in Global Market, Ranking by Revenue (2022)
Table 6. Global HVAC Services Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global HVAC Services Revenue Share by Companies, 2018-2023
Table 8. Global Companies HVAC Services Product Type
Table 9. List of Global Tier 1 HVAC Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 HVAC Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global HVAC Services Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - HVAC Services Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - HVAC Services Revenue in Global (US$, Mn), 2024-2032
Table 14. By Application ? Global HVAC Services Revenue, (US$, Mn), 2022 & 2032
Table 15. By Application - HVAC Services Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - HVAC Services Revenue in Global (US$, Mn), 2024-2032
Table 17. By Region ? Global HVAC Services Revenue, (US$, Mn), 2022 & 2032
Table 18. By Region - Global HVAC Services Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global HVAC Services Revenue (US$, Mn), 2024-2032
Table 20. By Country - North America HVAC Services Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America HVAC Services Revenue, (US$, Mn), 2024-2032
Table 22. By Country - Europe HVAC Services Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe HVAC Services Revenue, (US$, Mn), 2024-2032
Table 24. By Region - Asia HVAC Services Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia HVAC Services Revenue, (US$, Mn), 2024-2032
Table 26. By Country - South America HVAC Services Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America HVAC Services Revenue, (US$, Mn), 2024-2032
Table 28. By Country - Middle East & Africa HVAC Services Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa HVAC Services Revenue, (US$, Mn), 2024-2032
Table 30. Carrier Company Summary
Table 31. Carrier HVAC Services Product Offerings
Table 32. Carrier HVAC Services Revenue (US$, Mn) & (2018-2023)
Table 33. Carrier Key News & Latest Developments
Table 34. DAIKIN INDUSTRIES Company Summary
Table 35. DAIKIN INDUSTRIES HVAC Services Product Offerings
Table 36. DAIKIN INDUSTRIES HVAC Services Revenue (US$, Mn) & (2018-2023)
Table 37. DAIKIN INDUSTRIES Key News & Latest Developments
Table 38. Ingersoll Rand Company Summary
Table 39. Ingersoll Rand HVAC Services Product Offerings
Table 40. Ingersoll Rand HVAC Services Revenue (US$, Mn) & (2018-2023)
Table 41. Ingersoll Rand Key News & Latest Developments
Table 42. Johnson Controls International Company Summary
Table 43. Johnson Controls International HVAC Services Product Offerings
Table 44. Johnson Controls International HVAC Services Revenue (US$, Mn) & (2018-2023)
Table 45. Johnson Controls International Key News & Latest Developments
List of Figures
Figure 1. HVAC Services Segment by Type in 2022
Figure 2. HVAC Services Segment by Application in 2022
Figure 3. Global HVAC Services Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global HVAC Services Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global HVAC Services Revenue, 2018-2032 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by HVAC Services Revenue in 2022
Figure 8. By Type - Global HVAC Services Revenue Market Share, 2018-2032
Figure 9. By Application - Global HVAC Services Revenue Market Share, 2018-2032
Figure 10. By Type - Global HVAC Services Revenue, (US$, Mn), 2022 & 2032
Figure 11. By Type - Global HVAC Services Revenue Market Share, 2018-2032
Figure 12. By Application - Global HVAC Services Revenue, (US$, Mn), 2022 & 2032
Figure 13. By Application - Global HVAC Services Revenue Market Share, 2018-2032
Figure 14. By Region - Global HVAC Services Revenue Market Share, 2018-2032
Figure 15. By Country - North America HVAC Services Revenue Market Share, 2018-2032
Figure 16. US HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 17. Canada HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 18. Mexico HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 19. By Country - Europe HVAC Services Revenue Market Share, 2018-2032
Figure 20. Germany HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 21. France HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 22. U.K. HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 23. Italy HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 24. Russia HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 25. Nordic Countries HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 26. Benelux HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 27. By Region - Asia HVAC Services Revenue Market Share, 2018-2032
Figure 28. China HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 29. Japan HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 30. South Korea HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 31. Southeast Asia HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 32. India HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 33. By Country - South America HVAC Services Revenue Market Share, 2018-2032
Figure 34. Brazil HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 35. Argentina HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 36. By Country - Middle East & Africa HVAC Services Revenue Market Share, 2018-2032
Figure 37. Turkey HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 38. Israel HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 39. Saudi Arabia HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 40. UAE HVAC Services Revenue, (US$, Mn), 2018-2032
Figure 41. Carrier HVAC Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. DAIKIN INDUSTRIES HVAC Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Ingersoll Rand HVAC Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Johnson Controls International HVAC Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
