Market Overview:
The global HVAC maintenance service market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient HVAC systems, growing awareness about the benefits of preventive maintenance, and rising concerns about indoor air quality. The global HVAC maintenance service market can be segmented on the basis of type into cooling, heating, and ventilation services. On the basis of application, it can be divided into commercial, industrial, and residential applications. Geographically speaking, it is classified into five regions: North America (the U.S., Canada), Latin America (Mexico and Brazil), Europe (Germany France Italy Spain), Asia Pacific (China India Japan South Korea Australia New Zealand) and Middle East & Africa (GCC Countries Israel South Africa).
Product Definition:
HVAC Maintenance Service is the preventive maintenance of heating, ventilation, and air conditioning (HVAC) systems. The importance of HVAC Maintenance Service is that it helps to ensure that HVAC systems are running efficiently and effectively, which can result in decreased energy costs and improved indoor air quality.
Cooling:
The global HVAC maintenance service market size was valued at USD 32.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to rising demand for energy-efficient systems, increasing disposable income, and growing awareness regarding environmental degradation caused by unsupervised heating & cooling practices in residential as well as commercial establishments such as offices, hospitals, schools & colleges among others.
Heating:
The heating and cooling equipment are used to maintain the temperature of a building. Heating systems use heat energy from fuels, such as oil, gas or electricity for warming up or cooling down the area inside a building. The HVAC system consists of components that help in maintaining uniform temperature by moving heat around within the space through ventilation and air conditioning units.
Application Insights:
The commercial application segment held the largest share of over 60.0% in 2017. The growth can be attributed to the increasing number of hospitals, hotels, restaurants and leisure centers across the globe. These facilities require a constant supply of HVAC equipment for maintaining temperature and humidity levels which results in high demand for maintenance services from this segment.
The industrial application segment is expected to witness significant growth over the forecast period owing to an increase in manufacturing activities across various industries including food & beverage, chemical, paper & pulp and metal & mining among others. Maintaining proper temperature and humidity control inside these facilities requires a constant supply of HVAC systems which results in high demand for such systems from this sector resulting in higher market penetration overall.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of industry players and high demand for HVAC systems. The region is expected to maintain its dominance over the forecast period as well, due to factors such as growing population, rapid urbanization, and rising disposable income.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to increasing investments by foreign companies in this region. For instance, in January 2018, LG Electronics announced plans for constructing a new factory that will have an annual production capacity of 300 kilotons. The factory will manufacture air conditioning units and refrigeration machines using cooling/heating/ventilation system components. This initiative is expected to increase product visibility across India thereby boosting regional growth over the next few years.
Growth Factors:
- Increasing demand for energy-efficient HVAC systems
- Growing awareness about the importance of preventive maintenance for HVAC systems
- Rising number of construction projects and renovation activities across the globe
- Proliferation of smart buildings and green buildings that require advanced HVAC maintenance services
- Growing demand from commercial sector for reliable and efficient HVAC maintenance services
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Maintenance Service Market Research Report
By Type
Cooling, Heating, Ventilation
By Application
Commercial, Industrial, Residential
By Companies
Carrier Corporation, Toshiba, Mitsubishi Group, Johnson Controls, Ingersoll Rand, United Technologies Corporation, Daikin, Electromechanical Maintenance Services (EMS) WLL, Metri Engineering Services (MES) Qatar WLL, Cayan Facilities Management (FM)
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Maintenance Service Market Report Segments:
The global HVAC Maintenance Service market is segmented on the basis of:
Types
Cooling, Heating, Ventilation
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:
- Carrier Corporation
- Toshiba
- Mitsubishi Group
- Johnson Controls
- Ingersoll Rand
- United Technologies Corporation
- Daikin
- Electromechanical Maintenance Services (EMS) WLL
- Metri Engineering Services (MES) Qatar WLL
- Cayan Facilities Management (FM)
Highlights of The HVAC Maintenance Service 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:
- Cooling
- Heating
- Ventilation
- 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 Maintenance Service 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 Maintenance Service is a service that is offered by your HVAC contractor to keep your system running smoothly and efficiently. This service includes regular inspections, maintenance, and repairs to ensure that your system is working at its best.
Some of the major companies in the hvac maintenance service market are Carrier Corporation, Toshiba, Mitsubishi Group, Johnson Controls, Ingersoll Rand, United Technologies Corporation, Daikin, Electromechanical Maintenance Services (EMS) WLL, Metri Engineering Services (MES) Qatar WLL, Cayan Facilities Management (FM).
The hvac maintenance service market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HVAC Maintenance Service Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. HVAC Maintenance Service Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HVAC Maintenance Service Market - Supply Chain
4.5. Global HVAC Maintenance Service Market Forecast
4.5.1. HVAC Maintenance Service Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HVAC Maintenance Service Market Size (000 Units) and Y-o-Y Growth
4.5.3. HVAC Maintenance Service Market Absolute $ Opportunity
5. Global HVAC Maintenance Service Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. HVAC Maintenance Service Market Size and Volume Forecast by Type
5.3.1. Cooling
5.3.2. Heating
5.3.3. Ventilation
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HVAC Maintenance Service Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. HVAC Maintenance Service Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Industrial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HVAC Maintenance Service Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. HVAC Maintenance Service Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global HVAC Maintenance Service Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. HVAC Maintenance Service Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global HVAC Maintenance Service Demand Share Forecast, 2019-2026
9. North America HVAC Maintenance Service Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America HVAC Maintenance Service Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America HVAC Maintenance Service Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Industrial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HVAC Maintenance Service Market Size and Volume Forecast by Type
9.7.1. Cooling
9.7.2. Heating
9.7.3. Ventilation
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America HVAC Maintenance Service Demand Share Forecast, 2019-2026
10. Latin America HVAC Maintenance Service Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America HVAC Maintenance Service Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America HVAC Maintenance Service Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Industrial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HVAC Maintenance Service Market Size and Volume Forecast by Type
10.7.1. Cooling
10.7.2. Heating
10.7.3. Ventilation
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America HVAC Maintenance Service Demand Share Forecast, 2019-2026
11. Europe HVAC Maintenance Service Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe HVAC Maintenance Service Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe HVAC Maintenance Service Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Industrial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HVAC Maintenance Service Market Size and Volume Forecast by Type
11.7.1. Cooling
11.7.2. Heating
11.7.3. Ventilation
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveess/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe HVAC Maintenance Service Demand Share, 2019-2026
12. Asia Pacific HVAC Maintenance Service Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific HVAC Maintenance Service Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific HVAC Maintenance Service Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Industrial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HVAC Maintenance Service Market Size and Volume Forecast by Type
12.7.1. Cooling
12.7.2. Heating
12.7.3. Ventilation
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific HVAC Maintenance Service Demand Share, 2019-2026
13. Middle East & Africa HVAC Maintenance Service Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa HVAC Maintenance Service Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa HVAC Maintenance Service Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Industrial
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HVAC Maintenance Service Market Size and Volume Forecast by Type
13.7.1. Cooling
13.7.2. Heating
13.7.3. Ventilation
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa HVAC Maintenance Service Demand Share, 2019-2026
14. Competition Landscape
14.1. Global HVAC Maintenance Service Market: Market Share Analysis
14.2. HVAC Maintenance Service Distributors and Customers
14.3. HVAC Maintenance Service Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Carrier Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toshiba
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johnson Controls
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ingersoll Rand
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. United Technologies Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Daikin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Electromechanical Maintenance Services (EMS) WLL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Metri Engineering Services (MES) Qatar WLL
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cayan Facilities Management (FM)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
