HVAC Services Market
HVAC Services Market Study Consulting, Installation, Maintenance & Repair, and Upgrade/Replacement for Heating, Ventilation, and Cooling from 2024 to 2034
Analysis of HVAC Services Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
HVAC Services Market Outlook (2024 to 2034)
According to a revised industry report released by Fact.MR, global HVAC services market revenue is estimated at US$ 80.18 billion in 2024 and has been forecasted to increase at a CAGR of 6.2% to climb to US$ 146.32 billion by the end of 2034.
HVAC (heating, ventilation, and air conditioning) service providers offer consulting services regarding the installation of HVAC systems to meet energy efficiency standards. These service providers are technicians and specialists who take care of timely repair and maintenance, along with the replacement of HVAC systems as and when needed. With the significant rise in construction activity globally and the utility of HVAC systems, demand for HVAC services is rising in parallel.
Sales of HVAC systems are directly correlated with the adoption rate of HVAC services. The HVAC services market size expanding at a notable rate in several countries due to tax credit programs and favorable government initiatives for the installation of highly efficient HVAC systems.
Key Market Growth Drivers
- Growing demand for energy-efficient solutions is one of the key factors driving global HVAC services market growth.
- Replacement of older HVACs with new ones with greater energy efficiency along with timely repair & maintenance of HVAC systems is pushing the need for HVAC services.
- Favorable government initiatives regarding the installation of high-efficiency HVAC systems and increasing building construction activities in most countries are contributing to market expansion.
- Repair & maintenance of old HVAC systems and elevating the need to refurbish & upgrade commercial buildings are pushing the demand for HVAC services.
- Demand for HVAC services is increasing in both residential and commercial settings as new construction projects and renovations need HVAC solutions for air quality and temperature control.
- A key HVAC services market trend is ongoing advancements in its technology, such as energy-efficient systems, advanced HVAC controls, and smart thermostats.
| Report Attribute | Detail |
|---|---|
| HVAC Services Market Size (2024E) | US$ 80.18 Billion |
| Forecasted Market Value (2034F) | US$ 146.32 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.2% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2024E) | US$ 17.96 Billion |
| Heating Segment Value (2034F) | US$ 56.77 Billion |
| Consulting Segment Value (2034F) | US$ 48.14 Billion |
| Key Companies Profiled | Carrier; Daikin Industries Ltd.; Dr. Energy Saver, Inc.; Dwyer Franchising, LLC; Electrolux AB; Fujitsu General Ltd.; Honeywell International Inc.; Johnson Controls International PLC; Lennox International Inc.; LG Electronics Inc.; Nortek Global HVAC; One Hour Heating & Air Conditioning Franchising SPE LLC; Robert Bosch GmbH; Siemens AG; The Home Depot; Watsco. |
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Why is Requirement for HVAC Service Increasing Globally?
“Technological Advancements and Changing Weather Conditions”
A key factor that is driving the demand for HVAC services is technological advancements in HVAC systems. The need for these services increasing due to innovations such as improved HVAC controls that optimize performance and improve comfort, energy-efficient systems that minimize consumption and utility costs, and smart thermostats that enable precise temperature control and remote access. These improved technologies are offering more convenience and improved user experiences for both residential and commercial users.
Drastically changing weather conditions in various countries due to global warming, pollution, and other factors are boosting the requirement for efficient temperature control solutions. The need for advanced cooling systems is rising to maintain comfortable indoor settings, which is driving the HVAC systems as well as services demand.
What’s Limiting Demand Growth of HVAC Services?
“High Expenditures Required for Maintenance and Repairs”
High costs associated with continuous maintenance and repairs are becoming a key barrier for end users who are thinking about investing in HVAC systems, which is limiting the HVAC services demand. After installing HVAC systems, over time, the costs of routine maintenance such as cleaning, servicing, and part replacements sometimes increase the total cost of ownership.
Other than this, the lack of skilled professionals is further hampering the adoption rate of HVAC services. These professionals need to have specific knowledge about the installation, repair & maintenance, and replacement of HVAC systems. Also, in-depth knowledge is required to operate software related to HVAC systems.
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Country-wise Insights
The North American region is poised to account for 23.9% of the global HVAC services market share in 2024. Growing demand for energy-efficient systems to meet strict regulatory standards and high-focus sustainable solutions in the region, is driving the adoption of HVAC systems along with services. Other than this, the region is also experiencing drastic weather conditions which is further contributing to market expansion.
What is the Growth Scenario of the Market in the United States?
“Extreme Changes in Weather Conditions Boosting Need for Dependable HVAC Systems”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 8.53 Billion |
| Growth Rate (2024 to 2034) | 6.6% CAGR |
| Projected Value (2034F) | US$ 16.21 Billion |
In North America, the United States is projected to hold 44.5% market share in 2024. The United States is experiencing extreme weather conditions, with summers that are extremely hot and winters that are quite cold. These factors are boosting the need for dependable HVAC systems. These systems are becoming necessary to maintain comfortable indoor surroundings, which is driving the need for HVAC services. Strong HVAC systems that withstand drastic temperature swings and provide year-round comfort are more important due to the rising severity of extreme weather events such as heat waves and harsh cold snaps in the country.
What is Triggering Demand for HVAC Services in Japan?
“Continuous Technical Innovation in HVAC Systems”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 5.19 Billion |
| Growth Rate (2024 to 2034) | 6.7% CAGR |
| Projected Value (2034F) | US$ 9.94 Billion |
Demand for smart HVAC systems which include the latest features and energy management capabilities is increasing in Japan. The continuous technological innovation in HVAC systems in Japan is further driving the need for HVAC services. Because of these developments, users can maximize performance and minimize energy usage with these systems since they incorporate the latest technology such as intelligent temperature control, IoT connection, and energy-efficient components. Adoption of HVAC systems increasing in both commercial as well as residential settings in Japan due to these advancements.
Category-wise Insights
Based on end use, the market is segmented into residential, commercial, and industrial. The residential segment is forecasted to hold a significant revenue share throughout the projection period (2024 to 2034). The construction of energy-efficient residential structures is growing as a result of the introduction of numerous strict government rules in several countries intended to reduce environmental pollution.
Why is Demand for HVAC Services High for Heating Systems?
“Higher Installation of HVAC Systems in Colder Regions”
| Attribute | Heating |
|---|---|
| Segment Value (2024E) | US$ 31.75 Billion |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 56.77 Billion |
The requirement for heating HVAC system services is high in comparison with cooling systems due to the high adoption of these devices in colder areas. Efficient and effective heating solutions are increasingly needed in areas with harsh winters since preserving indoor comfort is critical for both health and safety. Demand is further increasing because intensive usage wears down heating systems, necessitating more frequent maintenance and upgrades.
The necessity of heating for maintaining a habitable and cozy atmosphere in extremely cold weather leads to its greater demand in comparison to other HVAC services.
Why are Consulting Services So Important for HVAC System Owners?
“Need for Better Insights Regarding Usability and Regulations”
| Attribute | Consulting |
|---|---|
| Segment Value (2024E) | US$ 27.1 Billion |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 48.14 Billion |
The requirement for professional advice on system design, efficiency, and regulatory compliance is boosting the demand for consulting HVAC services. Consultants are good resources to end users for learning how to fulfil strict environmental criteria, save energy use, and maximize the performance of HVAC systems. Their knowledge aids companies and private individuals in making difficult choices about system selection, installation, and upkeep, guaranteeing longevity and affordability.
More importantly, HVAC systems are getting more advanced in terms of technology means they are getting complicated and laws change constantly, due to this professional consulting services are becoming more essential.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the HVAC services market are focusing on expanding their service offerings such as maintenance, repair, and energy audits to increase revenue and build long-term customer relationships.
- In July 2024, The Master Trades Group (MTG), a well-known platform for residential plumbing and HVAC services, announced that it had successfully acquired Freedom Air & Plumbing, a full-service provider of residential HVAC and plumbing services situated in Rockledge, Florida.
- In October 2023, Panasonic, an expert in cutting-edge solutions, revealed a development in household heat pump technology that will revolutionize the way Canadians can heat and cool their houses on a budget. The newest model in Panasonic's Breathe Well range of indoor air quality enhancers, INTERIOS, is a central heat pump system that can be easily adjusted to provide heating and cooling for residential areas.
- In July 2022, M&T Air Conditioning, a service provider of HVAC in Vancouver, Canada, announced that it completed its rebranding process, which includes the creation of a new brand logo and website to support its vision for business expansion.
- In May 2022, Heartland Home Services, a leader in HVAC, plumbing, and electrical home services, announced the acquisition of Williams Heating and Cooling, a leading service provider of HVAC.
Fact.MR provides detailed information about the price points of key providers of HVAC services positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of HVAC Services Market Research
-
By Type :
- Heating
- Ventilation
- Cooling
-
By Service :
- Consulting
- Installation
- Maintenance & Repair
- Upgrade/Replacement
-
By End Use :
- Residential
- Commercial
- Industrial
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Type
- 6.2. Service
- 6.3. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type
- 7.1. Heating
- 7.2. Ventilation
- 7.3. Cooling
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Service
- 8.1. Consulting
- 8.2. Installation
- 8.3. Maintenance & Repair
- 8.4. Upgrade/Replacement
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 9.1. Residential
- 9.2. Commercial
- 9.3. Industrial
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. Middle East & Africa
- 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Sales Forecast 2024 to 2034 by Type, Service, End Use, and Region for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Carrier
- 20.2. Daikin Industries Ltd.
- 20.3. Dr. Energy Saver, Inc.
- 20.4. Dwyer Franchising, LLC
- 20.5. Electrolux AB
- 20.6. Fujitsu General Ltd.
- 20.7. Honeywell International Inc.
- 20.8. Johnson Controls International PLC
- 20.9. Lennox International Inc.
- 20.10. LG Electronics Inc.
- 20.11. Nortek Global HVAC
- 20.12. One Hour Heating & Air Conditioning Franchising SPE LLC
- 20.13. Robert Bosch GmbH
- 20.14. Siemens AG
- 20.15. The Home Depot
- 20.16. Watsco
- 21. Assumptions and Acronyms Typed
- 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Service, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Service, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Service, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Service, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Service, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Service, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Service, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Service, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Service, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Service, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Service, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Service, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Service, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Service, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Service, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Service, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Service, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Service, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Service, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Service, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the HVAC services market in 2024?
The global market for HVAC services is expected to reach US$ 80.18 billion in 2024.
What is the market outlook for HVAC services?
Worldwide revenue from HVAC services is projected to increase to US$ 146.32 billion by 2034-end.
At what rate is the demand for HVAC services projected to increase?
Demand for HVAC services is projected to rise at 6.2% CAGR between 2024 and 2034.
Who are the leading HVAC service providers?
Key market players are Carrier, Daikin Industries Ltd., Dr. Energy Saver, Inc., Dwyer Franchising, LLC, and Electrolux AB.
Which service type is forecasted to hold a significant market share?
The consulting segment is projected to hold 33.8% market share in 2024.
What is the demand outlook for HVAC services in South Korea?
The market in South Korea is forecasted to reach US$ 7.81 billion by the end of 2034.
Which region is projected to hold a high share of the global market?
North America is projected to account for 24.3% of the global market share by 2034.
HVAC Services Market