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Global HVAC Services Market Research Report 2024(Status and Outlook)

July 2024 | 88 pages | ID: G17D8DFB0FBDEN
Bosson Research

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Report Overview:

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 Global HVAC Services Market Size was estimated at USD 1285.89 million in 2023 and is projected to reach USD 1713.39 million by 2029, exhibiting a CAGR of 4.90% during the forecast period.

This report provides a deep insight into the global HVAC Services market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global HVAC Services Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the HVAC Services market in any manner.

Global HVAC Services Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Carrier

DAIKIN INDUSTRIES

Ingersoll Rand

Johnson Controls International

Market Segmentation (by Type)

Heating

Ventilation

Cooling

Market Segmentation (by Application)

Airflow and Quality

Temperature and Humidity

Electrical

Others

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the HVAC Services Market
  • Overview of the regional outlook of the HVAC Services Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, 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 HVAC Services Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.
1 RESEARCH METHODOLOGY AND STATISTICAL SCOPE

1.1 Market Definition and Statistical Scope of HVAC Services
1.2 Key Market Segments
  1.2.1 HVAC Services Segment by Type
  1.2.2 HVAC Services Segment by Application
1.3 Methodology & Sources of Information
  1.3.1 Research Methodology
  1.3.2 Research Process
  1.3.3 Market Breakdown and Data Triangulation
  1.3.4 Base Year
  1.3.5 Report Assumptions & Caveats

2 HVAC SERVICES MARKET OVERVIEW

2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region

3 HVAC SERVICES MARKET COMPETITIVE LANDSCAPE

3.1 Global HVAC Services Revenue Market Share by Company (2019-2024)
3.2 HVAC Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Company HVAC Services Market Size Sites, Area Served, Product Type
3.4 HVAC Services Market Competitive Situation and Trends
  3.4.1 HVAC Services Market Concentration Rate
  3.4.2 Global 5 and 10 Largest HVAC Services Players Market Share by Revenue
  3.4.3 Mergers & Acquisitions, Expansion

4 HVAC SERVICES VALUE CHAIN ANALYSIS

4.1 HVAC Services Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis

5 THE DEVELOPMENT AND DYNAMICS OF HVAC SERVICES MARKET

5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
  5.5.1 Mergers & Acquisitions
  5.5.2 Expansions
  5.5.3 Collaboration/Supply Contracts
5.6 Industry Policies

6 HVAC SERVICES MARKET SEGMENTATION BY TYPE

6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global HVAC Services Market Size Market Share by Type (2019-2024)
6.3 Global HVAC Services Market Size Growth Rate by Type (2019-2024)

7 HVAC SERVICES MARKET SEGMENTATION BY APPLICATION

7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global HVAC Services Market Size (M USD) by Application (2019-2024)
7.3 Global HVAC Services Market Size Growth Rate by Application (2019-2024)

8 HVAC SERVICES MARKET SEGMENTATION BY REGION

8.1 Global HVAC Services Market Size by Region
  8.1.1 Global HVAC Services Market Size by Region
  8.1.2 Global HVAC Services Market Size Market Share by Region
8.2 North America
  8.2.1 North America HVAC Services Market Size by Country
  8.2.2 U.S.
  8.2.3 Canada
  8.2.4 Mexico
8.3 Europe
  8.3.1 Europe HVAC Services Market Size by Country
  8.3.2 Germany
  8.3.3 France
  8.3.4 U.K.
  8.3.5 Italy
  8.3.6 Russia
8.4 Asia Pacific
  8.4.1 Asia Pacific HVAC Services Market Size by Region
  8.4.2 China
  8.4.3 Japan
  8.4.4 South Korea
  8.4.5 India
  8.4.6 Southeast Asia
8.5 South America
  8.5.1 South America HVAC Services Market Size by Country
  8.5.2 Brazil
  8.5.3 Argentina
  8.5.4 Columbia
8.6 Middle East and Africa
  8.6.1 Middle East and Africa HVAC Services Market Size by Region
  8.6.2 Saudi Arabia
  8.6.3 UAE
  8.6.4 Egypt
  8.6.5 Nigeria
  8.6.6 South Africa

9 KEY COMPANIES PROFILE

9.1 Carrier
  9.1.1 Carrier HVAC Services Basic Information
  9.1.2 Carrier HVAC Services Product Overview
  9.1.3 Carrier HVAC Services Product Market Performance
  9.1.4 Carrier HVAC Services SWOT Analysis
  9.1.5 Carrier Business Overview
  9.1.6 Carrier Recent Developments
9.2 DAIKIN INDUSTRIES
  9.2.1 DAIKIN INDUSTRIES HVAC Services Basic Information
  9.2.2 DAIKIN INDUSTRIES HVAC Services Product Overview
  9.2.3 DAIKIN INDUSTRIES HVAC Services Product Market Performance
  9.2.4 Carrier HVAC Services SWOT Analysis
  9.2.5 DAIKIN INDUSTRIES Business Overview
  9.2.6 DAIKIN INDUSTRIES Recent Developments
9.3 Ingersoll Rand
  9.3.1 Ingersoll Rand HVAC Services Basic Information
  9.3.2 Ingersoll Rand HVAC Services Product Overview
  9.3.3 Ingersoll Rand HVAC Services Product Market Performance
  9.3.4 Carrier HVAC Services SWOT Analysis
  9.3.5 Ingersoll Rand Business Overview
  9.3.6 Ingersoll Rand Recent Developments
9.4 Johnson Controls International
  9.4.1 Johnson Controls International HVAC Services Basic Information
  9.4.2 Johnson Controls International HVAC Services Product Overview
  9.4.3 Johnson Controls International HVAC Services Product Market Performance
  9.4.4 Johnson Controls International Business Overview
  9.4.5 Johnson Controls International Recent Developments

10 HVAC SERVICES REGIONAL MARKET FORECAST

10.1 Global HVAC Services Market Size Forecast
10.2 Global HVAC Services Market Forecast by Region
  10.2.1 North America Market Size Forecast by Country
  10.2.2 Europe HVAC Services Market Size Forecast by Country
  10.2.3 Asia Pacific HVAC Services Market Size Forecast by Region
  10.2.4 South America HVAC Services Market Size Forecast by Country
  10.2.5 Middle East and Africa Forecasted Consumption of HVAC Services by Country

11 FORECAST MARKET BY TYPE AND BY APPLICATION (2025-2030)

11.1 Global HVAC Services Market Forecast by Type (2025-2030)
11.2 Global HVAC Services Market Forecast by Application (2025-2030)

12 CONCLUSION AND KEY FINDINGS

LIST OF TABLES

Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. HVAC Services Market Size Comparison by Region (M USD)
Table 5. Global HVAC Services Revenue (M USD) by Company (2019-2024)
Table 6. Global HVAC Services Revenue Share by Company (2019-2024)
Table 7. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVAC Services as of 2022)
Table 8. Company HVAC Services Market Size Sites and Area Served
Table 9. Company HVAC Services Product Type
Table 10. Global HVAC Services Company Market Concentration Ratio (CR5 and HHI)
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. Value Chain Map of HVAC Services
Table 13. Midstream Market Analysis
Table 14. Downstream Customer Analysis
Table 15. Key Development Trends
Table 16. Driving Factors
Table 17. HVAC Services Market Challenges
Table 18. Global HVAC Services Market Size by Type (M USD)
Table 19. Global HVAC Services Market Size (M USD) by Type (2019-2024)
Table 20. Global HVAC Services Market Size Share by Type (2019-2024)
Table 21. Global HVAC Services Market Size Growth Rate by Type (2019-2024)
Table 22. Global HVAC Services Market Size by Application
Table 23. Global HVAC Services Market Size by Application (2019-2024) & (M USD)
Table 24. Global HVAC Services Market Share by Application (2019-2024)
Table 25. Global HVAC Services Market Size Growth Rate by Application (2019-2024)
Table 26. Global HVAC Services Market Size by Region (2019-2024) & (M USD)
Table 27. Global HVAC Services Market Size Market Share by Region (2019-2024)
Table 28. North America HVAC Services Market Size by Country (2019-2024) & (M USD)
Table 29. Europe HVAC Services Market Size by Country (2019-2024) & (M USD)
Table 30. Asia Pacific HVAC Services Market Size by Region (2019-2024) & (M USD)
Table 31. South America HVAC Services Market Size by Country (2019-2024) & (M USD)
Table 32. Middle East and Africa HVAC Services Market Size by Region (2019-2024) & (M USD)
Table 33. Carrier HVAC Services Basic Information
Table 34. Carrier HVAC Services Product Overview
Table 35. Carrier HVAC Services Revenue (M USD) and Gross Margin (2019-2024)
Table 36. Carrier HVAC Services SWOT Analysis
Table 37. Carrier Business Overview
Table 38. Carrier Recent Developments
Table 39. DAIKIN INDUSTRIES HVAC Services Basic Information
Table 40. DAIKIN INDUSTRIES HVAC Services Product Overview
Table 41. DAIKIN INDUSTRIES HVAC Services Revenue (M USD) and Gross Margin (2019-2024)
Table 42. Carrier HVAC Services SWOT Analysis
Table 43. DAIKIN INDUSTRIES Business Overview
Table 44. DAIKIN INDUSTRIES Recent Developments
Table 45. Ingersoll Rand HVAC Services Basic Information
Table 46. Ingersoll Rand HVAC Services Product Overview
Table 47. Ingersoll Rand HVAC Services Revenue (M USD) and Gross Margin (2019-2024)
Table 48. Carrier HVAC Services SWOT Analysis
Table 49. Ingersoll Rand Business Overview
Table 50. Ingersoll Rand Recent Developments
Table 51. Johnson Controls International HVAC Services Basic Information
Table 52. Johnson Controls International HVAC Services Product Overview
Table 53. Johnson Controls International HVAC Services Revenue (M USD) and Gross Margin (2019-2024)
Table 54. Johnson Controls International Business Overview
Table 55. Johnson Controls International Recent Developments
Table 56. Global HVAC Services Market Size Forecast by Region (2025-2030) & (M USD)
Table 57. North America HVAC Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 58. Europe HVAC Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 59. Asia Pacific HVAC Services Market Size Forecast by Region (2025-2030) & (M USD)
Table 60. South America HVAC Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 61. Middle East and Africa HVAC Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 62. Global HVAC Services Market Size Forecast by Type (2025-2030) & (M USD)
Table 63. Global HVAC Services Market Size Forecast by Application (2025-2030) & (M USD)

LIST OF FIGURES

Figure 1. Industrial Chain of HVAC Services
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global HVAC Services Market Size (M USD), 2019-2030
Figure 5. Global HVAC Services Market Size (M USD) (2019-2030)
Figure 6. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 8. Evaluation Matrix of Regional Market Development Potential
Figure 9. HVAC Services Market Size by Country (M USD)
Figure 10. Global HVAC Services Revenue Share by Company in 2023
Figure 11. HVAC Services Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2023
Figure 12. The Global 5 and 10 Largest Players: Market Share by HVAC Services Revenue in 2023
Figure 13. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 14. Global HVAC Services Market Share by Type
Figure 15. Market Size Share of HVAC Services by Type (2019-2024)
Figure 16. Market Size Market Share of HVAC Services by Type in 2022
Figure 17. Global HVAC Services Market Size Growth Rate by Type (2019-2024)
Figure 18. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 19. Global HVAC Services Market Share by Application
Figure 20. Global HVAC Services Market Share by Application (2019-2024)
Figure 21. Global HVAC Services Market Share by Application in 2022
Figure 22. Global HVAC Services Market Size Growth Rate by Application (2019-2024)
Figure 23. Global HVAC Services Market Size Market Share by Region (2019-2024)
Figure 24. North America HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 25. North America HVAC Services Market Size Market Share by Country in 2023
Figure 26. U.S. HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 27. Canada HVAC Services Market Size (M USD) and Growth Rate (2019-2024)
Figure 28. Mexico HVAC Services Market Size (Units) and Growth Rate (2019-2024)
Figure 29. Europe HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 30. Europe HVAC Services Market Size Market Share by Country in 2023
Figure 31. Germany HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 32. France HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 33. U.K. HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 34. Italy HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 35. Russia HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 36. Asia Pacific HVAC Services Market Size and Growth Rate (M USD)
Figure 37. Asia Pacific HVAC Services Market Size Market Share by Region in 2023
Figure 38. China HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 39. Japan HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 40. South Korea HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 41. India HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 42. Southeast Asia HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 43. South America HVAC Services Market Size and Growth Rate (M USD)
Figure 44. South America HVAC Services Market Size Market Share by Country in 2023
Figure 45. Brazil HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 46. Argentina HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 47. Columbia HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 48. Middle East and Africa HVAC Services Market Size and Growth Rate (M USD)
Figure 49. Middle East and Africa HVAC Services Market Size Market Share by Region in 2023
Figure 50. Saudi Arabia HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 51. UAE HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 52. Egypt HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 53. Nigeria HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 54. South Africa HVAC Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 55. Global HVAC Services Market Size Forecast by Value (2019-2030) & (M USD)
Figure 56. Global HVAC Services Market Share Forecast by Type (2025-2030)
Figure 57. Global HVAC Services Market Share Forecast by Application (2025-2030)


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