Market Overview:
The global HVAC services market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for energy-efficient HVAC systems and rising awareness about energy conservation. The global HVAC services market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into heating, ventilation, and cooling (HVAC). The heating segment accounted for a major share of the global HVAC services market in 2017. This can be attributed to increased demand for space heating across residential and commercial buildings worldwide. By application, the airflow and quality segment accounted for a major share of the global HVAC services market in 2017.
Product Definition:
HVAC services are the services that are offered by the HVAC companies. These companies offer a wide range of services that include installation, repair, and maintenance of the HVAC systems. The importance of these services is that they help in maintaining the comfort and safety of the people in the buildings where these systems are installed.
Heating:
Heating, ventilation and air conditioning or HVAC is the application of heat for the removal of moisture, odor, and other gaseous pollutants from a building. The process also provides thermal comfort desired environmental conditions. In small scale industries it is used to warm up water in a tank before it can be used for irrigation purposes.
Ventilation:
Ventilation is the controlled flow of air in and out of a building. It helps maintain the internal environment of a building by removing unwanted odors, heat, and other contaminants that build up within a structure. Ventilation also prevents moisture from collecting on equipment which can rust or damage it.
Application Insights:
The airflow and quality segment dominated the global market in 2017. This can be attributed to factors such as increasing demand for HVAC services due to growing construction and renovation activities, coupled with rising consumer awareness regarding system maintenance. The temperature and humidity segment is expected to witness significant growth over the forecast period owing to rapid urbanization, which leads to increased building envelopes requiring cooling or heating systems.
Electrical applications are anticipated to grow at a CAGR of XX% from 2018to 2030 owingto an increase in electrical appliances usage, including refrigerators/freezers, microwave ovens/stoves etc., coupled with rising disposable income levels among consumers globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing construction activities in emerging economies of India and China. In addition, rising demand for HVAC services in these countries on account of rapid expansion of residential as well as commercial sectors is anticipated to drive the industry growth over the next eight years.
The European region dominated the global industry with a revenue share exceeding 20% in 2017 owing to high product adoption rates coupled with stringent government regulations pertaining quality assurance and safety standards for installation procedures followed by contractors/end-users.
North America accounted for more than 15% share of total revenue in 2017 due to early technology adoption by manufacturers coupled with presence of key players operating within this region such as Honeywell International Inc.; Johnson Controls; Emerson Electric Co.
Growth Factors:
- Increasing demand for energy-efficient HVAC systems
- Rising disposable income of consumers
- Growing awareness about the benefits of HVAC systems
- Proliferation of smart homes and buildings
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Services Market Research Report
By Type
Heating, Ventilation, Cooling
By Application
Airflow and Quality, Temperature and Humidity, Electrical, Others
By Companies
Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls International
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Services Market Report Segments:
The global HVAC Services market is segmented on the basis of:
Types
Heating, Ventilation, Cooling
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
Airflow and Quality, Temperature and Humidity, Electrical, Others
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:
- Carrier
- DAIKIN INDUSTRIES
- Ingersoll Rand
- Johnson Controls International
Highlights of The HVAC Services 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:
- Heating
- Ventilation
- Cooling
- By Application:
- Airflow and Quality
- Temperature and Humidity
- Electrical
- Others
- 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 Services 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 services are the installation, repair, and maintenance of heating, ventilation, and air conditioning systems.
Some of the major players in the hvac services market are Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls International.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Services 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 Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Services 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 Services 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 Services Market Size & Forecast, 2018-2028
4.5.1 HVAC Services Market Size and Y-o-Y Growth
4.5.2 HVAC Services Market Absolute $ Opportunity
Chapter 5 Global HVAC Services 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 HVAC Services Market Size Forecast by Type
5.2.1 Heating
5.2.2 Ventilation
5.2.3 Cooling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HVAC Services 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 HVAC Services Market Size Forecast by Applications
6.2.1 Airflow and Quality
6.2.2 Temperature and Humidity
6.2.3 Electrical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Services 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 Services 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 HVAC Services Analysis and Forecast
9.1 Introduction
9.2 North America HVAC Services 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 HVAC Services Market Size Forecast by Type
9.6.1 Heating
9.6.2 Ventilation
9.6.3 Cooling
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 HVAC Services Market Size Forecast by Applications
9.10.1 Airflow and Quality
9.10.2 Temperature and Humidity
9.10.3 Electrical
9.10.4 Others
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 HVAC Services Analysis and Forecast
10.1 Introduction
10.2 Europe HVAC Services 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 HVAC Services Market Size Forecast by Type
10.6.1 Heating
10.6.2 Ventilation
10.6.3 Cooling
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 HVAC Services Market Size Forecast by Applications
10.10.1 Airflow and Quality
10.10.2 Temperature and Humidity
10.10.3 Electrical
10.10.4 Others
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 HVAC Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HVAC Services 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 HVAC Services Market Size Forecast by Type
11.6.1 Heating
11.6.2 Ventilation
11.6.3 Cooling
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 HVAC Services Market Size Forecast by Applications
11.10.1 Airflow and Quality
11.10.2 Temperature and Humidity
11.10.3 Electrical
11.10.4 Others
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 HVAC Services Analysis and Forecast
12.1 Introduction
12.2 Latin America HVAC Services 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 HVAC Services Market Size Forecast by Type
12.6.1 Heating
12.6.2 Ventilation
12.6.3 Cooling
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 HVAC Services Market Size Forecast by Applications
12.10.1 Airflow and Quality
12.10.2 Temperature and Humidity
12.10.3 Electrical
12.10.4 Others
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) HVAC Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HVAC Services 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) HVAC Services Market Size Forecast by Type
13.6.1 Heating
13.6.2 Ventilation
13.6.3 Cooling
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) HVAC Services Market Size Forecast by Applications
13.10.1 Airflow and Quality
13.10.2 Temperature and Humidity
13.10.3 Electrical
13.10.4 Others
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 Services Market: Competitive Dashboard
14.2 Global HVAC Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier
14.3.2 DAIKIN INDUSTRIES
14.3.3 Ingersoll Rand
14.3.4 Johnson Controls International
