Market Overview:
The global HVAC repair, maintenance and installation market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient HVAC systems and rising awareness about the benefits of maintaining an HVAC system. The centralized HVAC maintenance segment is expected to dominate the global market during the forecast period owing to its advantages such as economies of scale, improved efficiency, and reduced downtime. The distributed HVAC maintenance segment is projected to grow at a higher CAGR than the centralized HVAC maintenance segment during the forecast period. This can be attributed to its advantages such as increased flexibility, scalability, and lower installation costs.
Product Definition:
HVAC Repair, Maintenance and Installation is the process of repairing, maintaining and installing heating, ventilation and air conditioning systems. The importance of HVAC Repair, Maintenance and Installation is that it keeps homes and businesses comfortable by regulating the temperature and humidity levels.
Centralized HVAC Maintenance:
HVAC systems are complex and costly to operate, maintain & repair. The process is time-consuming and requires a lot of expertise which is not always available in developing countries like India, China, etc. In such cases where the HVAC system needs repairing or maintenance but the service & repair personnel lacks required expertise; centralized HVAC (CHAV) maintenance services come to the rescue of organizations.
Distributed HVAC Maintenance:
Distributed HVAC Maintenance (D-HVACM) is a service that provides maintenance for heating, ventilation and air conditioning systems at the user site. It includes preventive as well as corrective maintenance of HVAC components such as coils, motors, controls and other mechanical components installed in buildings.
Application Insights:
The commercial application segment dominated the global market in 2017. The growth of this segment can be attributed to the increasing number of hospitals, hotels and restaurants, educational institutions, sports arenas and other public buildings requiring HVAC systems for space heating or cooling. Furthermore, with rising government spending on infrastructure projects such as airports and seaports across various regions; the demand for HVAC systems is expected to increase over the forecast period. This will further propel industry growth during the forecast period.
The industrial application segment accounted for a significant share in 2017 owing to growing manufacturing sectors across various regions including Asia Pacific, North America and Europe which require large-scale industrial heating or cooling equipment such as foundry ovens or glass chillers requiring HVAC maintenance services respectively. In addition, manufacturers are providing customized solutions according to individual requirements thus fueling demand over the projected period of seven years from 2018 to 2030 in terms of revenue globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to increasing demand for HVAC systems from residential, commercial and industrial sectors. In addition, rising awareness regarding energy conservation and sustainable building practices is also projected to propel regional growth over the next eight years.
Asia Pacific is anticipated to witness significant growth over the coming years owing to rapid urbanization coupled with growing population in countries such as China and India. Moreover, government initiatives encouraging people living in rural areas of these countries are likely drive industry expansion over this region at a considerable pace during the forecast period to 2030 time frame.
The Middle East & Africa (MEA) market has huge potential for future growth due both regions’ large population base along with their rapidly developing economies such as UAE, Saudi Arabia.
Growth Factors:
- Increasing demand for energy-efficient HVAC systems
- Rising awareness about the benefits of regular HVAC maintenance and repair
- Growing popularity of ductless mini-split systems
- Proliferation of smart home technologies that can integrate with HVAC systems
- Increased focus on indoor air quality
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Repair, Maintenance and Installation Market Research Report
By Type
Centralized HVAC Maintenance, Distributed HVAC Maintenance
By Application
Commercial, Industrial, Residential
By Companies
Gree, Daikin, Midea, Johnsoncontrols, Carrier, Trane, Haier, Panasonic, Lennox, LG, Emerson, Mitsubishielectric, Hitachi, Fujitsu, Danfoss, Electroluxappliances, Nortek, Samsung, Toshiba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Repair, Maintenance and Installation Market Report Segments:
The global HVAC Repair, Maintenance and Installation market is segmented on the basis of:
Types
Centralized HVAC Maintenance, Distributed HVAC Maintenance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gree
- Daikin
- Midea
- Johnsoncontrols
- Carrier
- Trane
- Haier
- Panasonic
- Lennox
- LG
- Emerson
- Mitsubishielectric
- Hitachi
- Fujitsu
- Danfoss
- Electroluxappliances
- Nortek
- Samsung
- Toshiba
Highlights of The HVAC Repair, Maintenance and Installation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Centralized HVAC Maintenance
- Distributed HVAC Maintenance
- By Application:
- Commercial
- Industrial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVAC Repair, Maintenance and Installation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HVAC Repair, Maintenance and Installation is the process of repairing, maintaining and installing air conditioning, heating and ventilation systems in residential or commercial buildings.
Some of the major companies in the hvac repair, maintenance and installation market are Gree, Daikin, Midea, Johnsoncontrols, Carrier, Trane, Haier, Panasonic, Lennox, LG, Emerson, Mitsubishielectric, Hitachi, Fujitsu, Danfoss, Electroluxappliances, Nortek, Samsung, Toshiba.
The hvac repair, maintenance and installation market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Repair, Maintenance and Installation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Repair, Maintenance and Installation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Repair, Maintenance and Installation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Repair, Maintenance and Installation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Repair, Maintenance and Installation Market Size & Forecast, 2020-2028
4.5.1 HVAC Repair, Maintenance and Installation Market Size and Y-o-Y Growth
4.5.2 HVAC Repair, Maintenance and Installation Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Centralized HVAC Maintenance
5.2.2 Distributed HVAC Maintenance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Repair, Maintenance and Installation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Repair, Maintenance and Installation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Centralized HVAC Maintenance
9.6.2 Distributed HVAC Maintenance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Centralized HVAC Maintenance
10.6.2 Distributed HVAC Maintenance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Centralized HVAC Maintenance
11.6.2 Distributed HVAC Maintenance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Centralized HVAC Maintenance
12.6.2 Distributed HVAC Maintenance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Centralized HVAC Maintenance
13.6.2 Distributed HVAC Maintenance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Repair, Maintenance and Installation Market: Competitive Dashboard
14.2 Global HVAC Repair, Maintenance and Installation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gree
14.3.2 Daikin
14.3.3 Midea
14.3.4 Johnsoncontrols
14.3.5 Carrier
14.3.6 Trane
14.3.7 Haier
14.3.8 Panasonic
14.3.9 Lennox
14.3.10 LG
14.3.11 Emerson
14.3.12 Mitsubishielectric
14.3.13 Hitachi
14.3.14 Fujitsu
14.3.15 Danfoss
14.3.16 Electroluxappliances
14.3.17 Nortek
14.3.18 Samsung
14.3.19 Toshiba
