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Global HVAC Services Market Research Report 2025

Published Date: September 2025

Report Code: QYRE-Auto-12Z6158

Global HVAC Services Market Size Status and Forecast 2021 2027

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Global HVAC Services Market Research Report 2025

Code: QYRE-Auto-12Z6158

Report

September 2025

Pages:65

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

Carrier

Daikin Industries

Ingersoll Rand

Johnson Controls International

HVAC Services Market Size

The global market for HVAC Services was valued at US$ 1341 million in the year 2024 and is projected to reach a revised size of US$ 1863 million by 2031, growing at a CAGR of 4.9% during the forecast period.

HVAC Services Market

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.

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.

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.

The HVAC Services market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global HVAC Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the HVAC Services companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of HVAC Services Market Report

Report Metric	Details
Report Name	HVAC Services Market
Accounted market size in year	US$ 1341 million
Forecasted market size in 2031	US$ 1863 million
CAGR	4.9%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	Heating Ventilation Cooling
Segment by Application	Airflow and Quality Temperature and Humidity Electrical Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls International
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of HVAC Services company competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.

FAQ for this report

How fast is HVAC Services Market growing?

Ans: The HVAC Services Market witnessing a CAGR of 4.9% during the forecast period 2025-2031.

What is the HVAC Services Market size in 2031?

Ans: The HVAC Services Market size in 2031 will be US$ 1863 million.

Who are the main players in the HVAC Services Market report?

Ans: The main players in the HVAC Services Market are Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls International

What are the Application segmentation covered in the HVAC Services Market report?

Ans: The Applications covered in the HVAC Services Market report are Airflow and Quality, Temperature and Humidity, Electrical, Others

What are the Type segmentation covered in the HVAC Services Market report?

Ans: The Types covered in the HVAC Services Market report are Heating, Ventilation, Cooling

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global HVAC Services Market Size Growth Rate by Type: 2020 VS 2024 VS 2031

1.2.2 Heating

1.2.3 Ventilation

1.2.4 Cooling

1.3 Market by Application

1.3.1 Global HVAC Services Market Growth by Application: 2020 VS 2024 VS 2031

1.3.2 Airflow and Quality

1.3.3 Temperature and Humidity

1.3.4 Electrical

1.3.5 Others

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Global Growth Trends

2.1 Global HVAC Services Market Perspective (2020-2031)

2.2 Global HVAC Services Growth Trends by Region

2.2.1 Global HVAC Services Market Size by Region: 2020 VS 2024 VS 2031

2.2.2 HVAC Services Historic Market Size by Region (2020-2025)

2.2.3 HVAC Services Forecasted Market Size by Region (2026-2031)

2.3 HVAC Services Market Dynamics

2.3.1 HVAC Services Industry Trends

2.3.2 HVAC Services Market Drivers

2.3.3 HVAC Services Market Challenges

2.3.4 HVAC Services Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top HVAC Services Players by Revenue

3.1.1 Global Top HVAC Services Players by Revenue (2020-2025)

3.1.2 Global HVAC Services Revenue Market Share by Players (2020-2025)

3.2 Global HVAC Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Global Key Players Ranking by HVAC Services Revenue

3.4 Global HVAC Services Market Concentration Ratio

3.4.1 Global HVAC Services Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by HVAC Services Revenue in 2024

3.5 Global Key Players of HVAC Services Head office and Area Served

3.6 Global Key Players of HVAC Services, Product and Application

3.7 Global Key Players of HVAC Services, Date of Enter into This Industry

3.8 Mergers & Acquisitions, Expansion Plans

4 HVAC Services Breakdown Data by Type

4.1 Global HVAC Services Historic Market Size by Type (2020-2025)

4.2 Global HVAC Services Forecasted Market Size by Type (2026-2031)

5 HVAC Services Breakdown Data by Application

5.1 Global HVAC Services Historic Market Size by Application (2020-2025)

5.2 Global HVAC Services Forecasted Market Size by Application (2026-2031)

6 North America

6.1 North America HVAC Services Market Size (2020-2031)

6.2 North America HVAC Services Market Growth Rate by Country: 2020 VS 2024 VS 2031

6.3 North America HVAC Services Market Size by Country (2020-2025)

6.4 North America HVAC Services Market Size by Country (2026-2031)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe HVAC Services Market Size (2020-2031)

7.2 Europe HVAC Services Market Growth Rate by Country: 2020 VS 2024 VS 2031

7.3 Europe HVAC Services Market Size by Country (2020-2025)

7.4 Europe HVAC Services Market Size by Country (2026-2031)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8 Asia-Pacific

8.1 Asia-Pacific HVAC Services Market Size (2020-2031)

8.2 Asia-Pacific HVAC Services Market Growth Rate by Region: 2020 VS 2024 VS 2031

8.3 Asia-Pacific HVAC Services Market Size by Region (2020-2025)

8.4 Asia-Pacific HVAC Services Market Size by Region (2026-2031)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9 Latin America

9.1 Latin America HVAC Services Market Size (2020-2031)

9.2 Latin America HVAC Services Market Growth Rate by Country: 2020 VS 2024 VS 2031

9.3 Latin America HVAC Services Market Size by Country (2020-2025)

9.4 Latin America HVAC Services Market Size by Country (2026-2031)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa HVAC Services Market Size (2020-2031)

10.2 Middle East & Africa HVAC Services Market Growth Rate by Country: 2020 VS 2024 VS 2031

10.3 Middle East & Africa HVAC Services Market Size by Country (2020-2025)

10.4 Middle East & Africa HVAC Services Market Size by Country (2026-2031)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 Carrier

11.1.1 Carrier Company Details

11.1.2 Carrier Business Overview

11.1.3 Carrier HVAC Services Introduction

11.1.4 Carrier Revenue in HVAC Services Business (2020-2025)

11.1.5 Carrier Recent Development

11.2 DAIKIN INDUSTRIES

11.2.1 DAIKIN INDUSTRIES Company Details

11.2.2 DAIKIN INDUSTRIES Business Overview

11.2.3 DAIKIN INDUSTRIES HVAC Services Introduction

11.2.4 DAIKIN INDUSTRIES Revenue in HVAC Services Business (2020-2025)

11.2.5 DAIKIN INDUSTRIES Recent Development

11.3 Ingersoll Rand

11.3.1 Ingersoll Rand Company Details

11.3.2 Ingersoll Rand Business Overview

11.3.3 Ingersoll Rand HVAC Services Introduction

11.3.4 Ingersoll Rand Revenue in HVAC Services Business (2020-2025)

11.3.5 Ingersoll Rand Recent Development

11.4 Johnson Controls International

11.4.1 Johnson Controls International Company Details

11.4.2 Johnson Controls International Business Overview

11.4.3 Johnson Controls International HVAC Services Introduction

11.4.4 Johnson Controls International Revenue in HVAC Services Business (2020-2025)

11.4.5 Johnson Controls International Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.1.1 Research Programs/Design

13.1.1.2 Market Size Estimation

13.1.1.3 Market Breakdown and Data Triangulation

13.1.2 Data Source

13.1.2.1 Secondary Sources

13.1.2.2 Primary Sources

13.2 Author Details

13.3 Disclaimer

FEATURED COMPANIES

Carrier

Daikin Industries

Ingersoll Rand

Johnson Controls International

List of Tables

Table 1. Global HVAC Services Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031

Table 2. Key Players of Heating

Table 3. Key Players of Ventilation

Table 4. Key Players of Cooling

Table 5. Global HVAC Services Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031

Table 6. Global HVAC Services Market Size by Region (US$ Million): 2020 VS 2024 VS 2031

Table 7. Global HVAC Services Market Size by Region (2020-2025) & (US$ Million)

Table 8. Global HVAC Services Market Share by Region (2020-2025)

Table 9. Global HVAC Services Forecasted Market Size by Region (2026-2031) & (US$ Million)

Table 10. Global HVAC Services Market Share by Region (2026-2031)

Table 11. HVAC Services Market Trends

Table 12. HVAC Services Market Drivers

Table 13. HVAC Services Market Challenges

Table 14. HVAC Services Market Restraints

Table 15. Global HVAC Services Revenue by Players (2020-2025) & (US$ Million)

Table 16. Global HVAC Services Market Share by Players (2020-2025)

Table 17. Global Top HVAC Services Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVAC Services as of 2024)

Table 18. Ranking of Global Top HVAC Services Companies by Revenue (US$ Million) in 2024

Table 19. Global 5 Largest Players Market Share by HVAC Services Revenue (CR5 and HHI) & (2020-2025)

Table 20. Global Key Players of HVAC Services, Headquarters and Area Served

Table 21. Global Key Players of HVAC Services, Product and Application

Table 22. Global Key Players of HVAC Services, Date of Enter into This Industry

Table 23. Mergers & Acquisitions, Expansion Plans

Table 24. Global HVAC Services Market Size by Type (2020-2025) & (US$ Million)

Table 25. Global HVAC Services Revenue Market Share by Type (2020-2025)

Table 26. Global HVAC Services Forecasted Market Size by Type (2026-2031) & (US$ Million)

Table 27. Global HVAC Services Revenue Market Share by Type (2026-2031)

Table 28. Global HVAC Services Market Size by Application (2020-2025) & (US$ Million)

Table 29. Global HVAC Services Revenue Market Share by Application (2020-2025)

Table 30. Global HVAC Services Forecasted Market Size by Application (2026-2031) & (US$ Million)

Table 31. Global HVAC Services Revenue Market Share by Application (2026-2031)

Table 32. North America HVAC Services Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 33. North America HVAC Services Market Size by Country (2020-2025) & (US$ Million)

Table 34. North America HVAC Services Market Size by Country (2026-2031) & (US$ Million)

Table 35. Europe HVAC Services Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 36. Europe HVAC Services Market Size by Country (2020-2025) & (US$ Million)

Table 37. Europe HVAC Services Market Size by Country (2026-2031) & (US$ Million)

Table 38. Asia-Pacific HVAC Services Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031

Table 39. Asia-Pacific HVAC Services Market Size by Region (2020-2025) & (US$ Million)

Table 40. Asia-Pacific HVAC Services Market Size by Region (2026-2031) & (US$ Million)

Table 41. Latin America HVAC Services Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 42. Latin America HVAC Services Market Size by Country (2020-2025) & (US$ Million)

Table 43. Latin America HVAC Services Market Size by Country (2026-2031) & (US$ Million)

Table 44. Middle East & Africa HVAC Services Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 45. Middle East & Africa HVAC Services Market Size by Country (2020-2025) & (US$ Million)

Table 46. Middle East & Africa HVAC Services Market Size by Country (2026-2031) & (US$ Million)

Table 47. Carrier Company Details

Table 48. Carrier Business Overview

Table 49. Carrier HVAC Services Product

Table 50. Carrier Revenue in HVAC Services Business (2020-2025) & (US$ Million)

Table 51. Carrier Recent Development

Table 52. DAIKIN INDUSTRIES Company Details

Table 53. DAIKIN INDUSTRIES Business Overview

Table 54. DAIKIN INDUSTRIES HVAC Services Product

Table 55. DAIKIN INDUSTRIES Revenue in HVAC Services Business (2020-2025) & (US$ Million)

Table 56. DAIKIN INDUSTRIES Recent Development

Table 57. Ingersoll Rand Company Details

Table 58. Ingersoll Rand Business Overview

Table 59. Ingersoll Rand HVAC Services Product

Table 60. Ingersoll Rand Revenue in HVAC Services Business (2020-2025) & (US$ Million)

Table 61. Ingersoll Rand Recent Development

Table 62. Johnson Controls International Company Details

Table 63. Johnson Controls International Business Overview

Table 64. Johnson Controls International HVAC Services Product

Table 65. Johnson Controls International Revenue in HVAC Services Business (2020-2025) & (US$ Million)

Table 66. Johnson Controls International Recent Development

Table 67. Research Programs/Design for This Report

Table 68. Key Data Information from Secondary Sources

Table 69. Key Data Information from Primary Sources

Table 70. Authors List of This Report

List of Figures

Figure 1. HVAC Services Picture

Figure 2. Global HVAC Services Market Size Comparison by Type (2020-2031) & (US$ Million)

Figure 3. Global HVAC Services Market Share by Type: 2024 VS 2031

Figure 4. Heating Features

Figure 5. Ventilation Features

Figure 6. Cooling Features

Figure 7. Global HVAC Services Market Size by Application (2020-2031) & (US$ Million)

Figure 8. Global HVAC Services Market Share by Application: 2024 VS 2031

Figure 9. Airflow and Quality Case Studies

Figure 10. Temperature and Humidity Case Studies

Figure 11. Electrical Case Studies

Figure 12. Others Case Studies

Figure 13. HVAC Services Report Years Considered

Figure 14. Global HVAC Services Market Size (US$ Million), Year-over-Year: 2020-2031

Figure 15. Global HVAC Services Market Size, (US$ Million), 2020 VS 2024 VS 2031

Figure 16. Global HVAC Services Market Share by Region: 2024 VS 2031

Figure 17. Global HVAC Services Market Share by Players in 2024

Figure 18. Global Top HVAC Services Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVAC Services as of 2024)

Figure 19. The Top 10 and 5 Players Market Share by HVAC Services Revenue in 2024

Figure 20. North America HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 21. North America HVAC Services Market Share by Country (2020-2031)

Figure 22. United States HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 23. Canada HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 24. Europe HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 25. Europe HVAC Services Market Share by Country (2020-2031)

Figure 26. Germany HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 27. France HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 28. U.K. HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 29. Italy HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 30. Russia HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 31. Nordic Countries HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 32. Asia-Pacific HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 33. Asia-Pacific HVAC Services Market Share by Region (2020-2031)

Figure 34. China HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 35. Japan HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 36. South Korea HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 37. Southeast Asia HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 38. India HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 39. Australia HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 40. Latin America HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 41. Latin America HVAC Services Market Share by Country (2020-2031)

Figure 42. Mexico HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 43. Brazil HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 44. Middle East & Africa HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 45. Middle East & Africa HVAC Services Market Share by Country (2020-2031)

Figure 46. Turkey HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 47. Saudi Arabia HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 48. UAE HVAC Services Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 49. Carrier Revenue Growth Rate in HVAC Services Business (2020-2025)

Figure 50. DAIKIN INDUSTRIES Revenue Growth Rate in HVAC Services Business (2020-2025)

Figure 51. Ingersoll Rand Revenue Growth Rate in HVAC Services Business (2020-2025)

Figure 52. Johnson Controls International Revenue Growth Rate in HVAC Services Business (2020-2025)

Figure 53. Bottom-up and Top-down Approaches for This Report

Figure 54. Data Triangulation

Figure 55. Key Executives Interviewed

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