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Global HVAC Services Market Research Report 2024

Published Date: January 2024

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 2024

Code: QYRE-Auto-12Z6158

Report

January 2024

Pages:63

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 HVAC Services market was valued at US$ 1219.2 million in 2023 and is anticipated to reach US$ 1709.8 million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.

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.

Report Scope

The HVAC Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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, sales volume, and average price 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 2023	US$ 1219.2 million
Forecasted market size in 2030	US$ 1709.8 million
CAGR	4.9%
Base Year	2023
Forecasted years	2024 - 2030
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 companies’ 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 2024-2030.

What is the HVAC Services Market size in 2030?

Ans: The HVAC Services Market size in 2030 will be US$ 1709.8 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: 2019 VS 2023 VS 2030

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: 2019 VS 2023 VS 2030

1.3.2 Airflow and Quality

1.3.3 Temperature and Humidity

1.3.4 Electrical

1.3.5 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2 Global Growth Trends

2.1 Global HVAC Services Market Perspective (2019-2030)

2.2 HVAC Services Growth Trends by Region

2.2.1 Global HVAC Services Market Size by Region: 2019 VS 2023 VS 2030

2.2.2 HVAC Services Historic Market Size by Region (2019-2024)

2.2.3 HVAC Services Forecasted Market Size by Region (2025-2030)

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 (2019-2024)

3.1.2 Global HVAC Services Revenue Market Share by Players (2019-2024)

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

3.3 Players Covered: 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 2023

3.5 HVAC Services Key Players Head office and Area Served

3.6 Key Players HVAC Services Product Solution and Service

3.7 Date of Enter into HVAC Services Market

3.8 Mergers & Acquisitions, Expansion Plans

4 HVAC Services Breakdown Data by Type

4.1 Global HVAC Services Historic Market Size by Type (2019-2024)

4.2 Global HVAC Services Forecasted Market Size by Type (2025-2030)

5 HVAC Services Breakdown Data by Application

5.1 Global HVAC Services Historic Market Size by Application (2019-2024)

5.2 Global HVAC Services Forecasted Market Size by Application (2025-2030)

6 North America

6.1 North America HVAC Services Market Size (2019-2030)

6.2 North America HVAC Services Market Growth Rate by Country: 2019 VS 2023 VS 2030

6.3 North America HVAC Services Market Size by Country (2019-2024)

6.4 North America HVAC Services Market Size by Country (2025-2030)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe HVAC Services Market Size (2019-2030)

7.2 Europe HVAC Services Market Growth Rate by Country: 2019 VS 2023 VS 2030

7.3 Europe HVAC Services Market Size by Country (2019-2024)

7.4 Europe HVAC Services Market Size by Country (2025-2030)

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 (2019-2030)

8.2 Asia-Pacific HVAC Services Market Growth Rate by Region: 2019 VS 2023 VS 2030

8.3 Asia-Pacific HVAC Services Market Size by Region (2019-2024)

8.4 Asia-Pacific HVAC Services Market Size by Region (2025-2030)

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 (2019-2030)

9.2 Latin America HVAC Services Market Growth Rate by Country: 2019 VS 2023 VS 2030

9.3 Latin America HVAC Services Market Size by Country (2019-2024)

9.4 Latin America HVAC Services Market Size by Country (2025-2030)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa HVAC Services Market Size (2019-2030)

10.2 Middle East & Africa HVAC Services Market Growth Rate by Country: 2019 VS 2023 VS 2030

10.3 Middle East & Africa HVAC Services Market Size by Country (2019-2024)

10.4 Middle East & Africa HVAC Services Market Size by Country (2025-2030)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 Carrier

11.1.1 Carrier Company Detail

11.1.2 Carrier Business Overview

11.1.3 Carrier HVAC Services Introduction

11.1.4 Carrier Revenue in HVAC Services Business (2019-2024)

11.1.5 Carrier Recent Development

11.2 DAIKIN INDUSTRIES

11.2.1 DAIKIN INDUSTRIES Company Detail

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 (2019-2024)

11.2.5 DAIKIN INDUSTRIES Recent Development

11.3 Ingersoll Rand

11.3.1 Ingersoll Rand Company Detail

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 (2019-2024)

11.3.5 Ingersoll Rand Recent Development

11.4 Johnson Controls International

11.4.1 Johnson Controls International Company Detail

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 (2019-2024)

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

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

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): 2019 VS 2023 VS 2030

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): 2019 VS 2023 VS 2030

Table 6. Global HVAC Services Market Size by Region (US$ Million): 2019 VS 2023 VS 2030

Table 7. Global HVAC Services Market Size by Region (2019-2024) & (US$ Million)

Table 8. Global HVAC Services Market Share by Region (2019-2024)

Table 9. Global HVAC Services Forecasted Market Size by Region (2025-2030) & (US$ Million)

Table 10. Global HVAC Services Market Share by Region (2025-2030)

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 (2019-2024) & (US$ Million)

Table 16. Global HVAC Services Market Share by Players (2019-2024)

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 2023)

Table 18. Ranking of Global Top HVAC Services Companies by Revenue (US$ Million) in 2023

Table 19. Global 5 Largest Players Market Share by HVAC Services Revenue (CR5 and HHI) & (2019-2024)

Table 20. Key Players Headquarters and Area Served

Table 21. Key Players HVAC Services Product Solution and Service

Table 22. Date of Enter into HVAC Services Market

Table 23. Mergers & Acquisitions, Expansion Plans

Table 24. Global HVAC Services Market Size by Type (2019-2024) & (US$ Million)

Table 25. Global HVAC Services Revenue Market Share by Type (2019-2024)

Table 26. Global HVAC Services Forecasted Market Size by Type (2025-2030) & (US$ Million)

Table 27. Global HVAC Services Revenue Market Share by Type (2025-2030)

Table 28. Global HVAC Services Market Size by Application (2019-2024) & (US$ Million)

Table 29. Global HVAC Services Revenue Market Share by Application (2019-2024)

Table 30. Global HVAC Services Forecasted Market Size by Application (2025-2030) & (US$ Million)

Table 31. Global HVAC Services Revenue Market Share by Application (2025-2030)

Table 32. North America HVAC Services Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 33. North America HVAC Services Market Size by Country (2019-2024) & (US$ Million)

Table 34. North America HVAC Services Market Size by Country (2025-2030) & (US$ Million)

Table 35. Europe HVAC Services Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 36. Europe HVAC Services Market Size by Country (2019-2024) & (US$ Million)

Table 37. Europe HVAC Services Market Size by Country (2025-2030) & (US$ Million)

Table 38. Asia-Pacific HVAC Services Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030

Table 39. Asia-Pacific HVAC Services Market Size by Region (2019-2024) & (US$ Million)

Table 40. Asia-Pacific HVAC Services Market Size by Region (2025-2030) & (US$ Million)

Table 41. Latin America HVAC Services Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 42. Latin America HVAC Services Market Size by Country (2019-2024) & (US$ Million)

Table 43. Latin America HVAC Services Market Size by Country (2025-2030) & (US$ Million)

Table 44. Middle East & Africa HVAC Services Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 45. Middle East & Africa HVAC Services Market Size by Country (2019-2024) & (US$ Million)

Table 46. Middle East & Africa HVAC Services Market Size by Country (2025-2030) & (US$ Million)

Table 47. Carrier Company Detail

Table 48. Carrier Business Overview

Table 49. Carrier HVAC Services Product

Table 50. Carrier Revenue in HVAC Services Business (2019-2024) & (US$ Million)

Table 51. Carrier Recent Development

Table 52. DAIKIN INDUSTRIES Company Detail

Table 53. DAIKIN INDUSTRIES Business Overview

Table 54. DAIKIN INDUSTRIES HVAC Services Product

Table 55. DAIKIN INDUSTRIES Revenue in HVAC Services Business (2019-2024) & (US$ Million)

Table 56. DAIKIN INDUSTRIES Recent Development

Table 57. Ingersoll Rand Company Detail

Table 58. Ingersoll Rand Business Overview

Table 59. Ingersoll Rand HVAC Services Product

Table 60. Ingersoll Rand Revenue in HVAC Services Business (2019-2024) & (US$ Million)

Table 61. Ingersoll Rand Recent Development

Table 62. Johnson Controls International Company Detail

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 (2019-2024) & (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

List of Figures

Figure 1. Global HVAC Services Market Size Comparison by Type (2024-2030) & (US$ Million)

Figure 2. Global HVAC Services Market Share by Type: 2023 VS 2030

Figure 3. Heating Features

Figure 4. Ventilation Features

Figure 5. Cooling Features

Figure 6. Global HVAC Services Market Size Comparison by Application (2024-2030) & (US$ Million)

Figure 7. Global HVAC Services Market Share by Application: 2023 VS 2030

Figure 8. Airflow and Quality Case Studies

Figure 9. Temperature and Humidity Case Studies

Figure 10. Electrical Case Studies

Figure 11. Others Case Studies

Figure 12. HVAC Services Report Years Considered

Figure 13. Global HVAC Services Market Size (US$ Million), Year-over-Year: 2019-2030

Figure 14. Global HVAC Services Market Size, (US$ Million), 2019 VS 2023 VS 2030

Figure 15. Global HVAC Services Market Share by Region: 2023 VS 2030

Figure 16. Global HVAC Services Market Share by Players in 2023

Figure 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 2023)

Figure 18. The Top 10 and 5 Players Market Share by HVAC Services Revenue in 2023

Figure 19. North America HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 20. North America HVAC Services Market Share by Country (2019-2030)

Figure 21. United States HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 22. Canada HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 23. Europe HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 24. Europe HVAC Services Market Share by Country (2019-2030)

Figure 25. Germany HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 26. France HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 27. U.K. HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 28. Italy HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 29. Russia HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 30. Nordic Countries HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 31. Asia-Pacific HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 32. Asia-Pacific HVAC Services Market Share by Region (2019-2030)

Figure 33. China HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 34. Japan HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 35. South Korea HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 36. Southeast Asia HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 37. India HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 38. Australia HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 39. Latin America HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 40. Latin America HVAC Services Market Share by Country (2019-2030)

Figure 41. Mexico HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 42. Brazil HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 43. Middle East & Africa HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 44. Middle East & Africa HVAC Services Market Share by Country (2019-2030)

Figure 45. Turkey HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 46. Saudi Arabia HVAC Services Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 47. Carrier Revenue Growth Rate in HVAC Services Business (2019-2024)

Figure 48. DAIKIN INDUSTRIES Revenue Growth Rate in HVAC Services Business (2019-2024)

Figure 49. Ingersoll Rand Revenue Growth Rate in HVAC Services Business (2019-2024)

Figure 50. Johnson Controls International Revenue Growth Rate in HVAC Services Business (2019-2024)

Figure 51. Bottom-up and Top-down Approaches for This Report

Figure 52. Data Triangulation

Figure 53. Key Executives Interviewed

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