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According to the latest research, the global HVAC Services market size was valued at USD 215381.7 million in 2022 and is expected to expand at a CAGR of 7.32% during the forecast period, reaching USD 329102.13 million by 2028.
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.
Increased competition
The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
Continuous innovation
Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
Application of IoT
Technologies such as the Internet of Things (IoT), automatic control systems, and remote control access are changing HVAC equipment's automatic control systems to detect the surrounding climate and automatically control temperature and fan speeds to provide optimal comfort. Remote control access allows users to operate connected systems through mobile applications with the help of the Internet. HVAC units that support the Internet of Things can be connected to the Internet and can provide users and manufacturers with real-time information about the status of the system, helping them predict defects and reduce maintenance costs, increase efficiency and reduce energy consumption. This is also expected to support global market expansion over the forecast period.
Region Overview:
In global comparison, a significant portion of the revenue was generated in China (26.56% in 2022).
Company Overview:
Gree is one of the major players operating in the HVAC Services market, holding a share of 12.56% in 2023.
Gree
Zhuhai Gree Electric Co., Ltd., referred to as Gree and Gree Electric, is the largest air-conditioning company in China and the world that integrates research and development, production, sales and service. The "Gree" brand claims to occupy the first place in the global marke.
Daikin Industries, Ltd.
Daikin Industries, Ltd. is a Japanese multinational air conditioning manufacturing company headquartered in Osaka. It has operations in Japan, China, Australia, United States, India, Southeast Asia, Europe, and Latin Americ
Segmentation Overview:
As for product types, the Heating segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Residential, with a market share of 73.15% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the HVAC Services industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of HVAC Services. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global HVAC Services Market Report Include:
Market Size Estimates: HVAC Services market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: HVAC Services market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the HVAC Services market
Segment Market Analysis: HVAC Services market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: HVAC Services market situations and prospects in major and top regions and countries
HVAC Services Market
HVAC Services Industry Chain: HVAC Services market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
HVAC Services Industry News, Policies by regions
HVAC Services Industry Porters Five Forces Analysis
Key players in the global HVAC Services market are covered in Chapter 2:
Gree
Daikin Industries, Ltd.
Johnson Controls International
Carrier
Midea
Haier
Danfoss
Mitsubishi Electric
Robert Bosch GmbH
Lennox International, Inc.
Nortek Global HVAC
LG Electronics
Ingersoll Rand
Siemens AG
Viessmann
Fuijitsu General Ltd
In Chapter 6 and Chapter 9, on the basis of types, the HVAC Services market from 2018 to 2028 is primarily split into:
Heating
Ventilation
Cooling
In Chapter 7 and Chapter 10, on the basis of applications, the HVAC Services market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global HVAC Services market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the HVAC Services industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of HVAC Services market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the HVAC Services industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on HVAC Services market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the HVAC Services market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed HVAC Services market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
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.
Increased competition
The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
Continuous innovation
Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
Application of IoT
Technologies such as the Internet of Things (IoT), automatic control systems, and remote control access are changing HVAC equipment's automatic control systems to detect the surrounding climate and automatically control temperature and fan speeds to provide optimal comfort. Remote control access allows users to operate connected systems through mobile applications with the help of the Internet. HVAC units that support the Internet of Things can be connected to the Internet and can provide users and manufacturers with real-time information about the status of the system, helping them predict defects and reduce maintenance costs, increase efficiency and reduce energy consumption. This is also expected to support global market expansion over the forecast period.
Region Overview:
In global comparison, a significant portion of the revenue was generated in China (26.56% in 2022).
Company Overview:
Gree is one of the major players operating in the HVAC Services market, holding a share of 12.56% in 2023.
Gree
Zhuhai Gree Electric Co., Ltd., referred to as Gree and Gree Electric, is the largest air-conditioning company in China and the world that integrates research and development, production, sales and service. The "Gree" brand claims to occupy the first place in the global marke.
Daikin Industries, Ltd.
Daikin Industries, Ltd. is a Japanese multinational air conditioning manufacturing company headquartered in Osaka. It has operations in Japan, China, Australia, United States, India, Southeast Asia, Europe, and Latin Americ
Segmentation Overview:
As for product types, the Heating segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Residential, with a market share of 73.15% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the HVAC Services industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of HVAC Services. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global HVAC Services Market Report Include:
Market Size Estimates: HVAC Services market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: HVAC Services market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the HVAC Services market
Segment Market Analysis: HVAC Services market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: HVAC Services market situations and prospects in major and top regions and countries
HVAC Services Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.HVAC Services Industry Chain: HVAC Services market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
HVAC Services Industry News, Policies by regions
HVAC Services Industry Porters Five Forces Analysis
Key players in the global HVAC Services market are covered in Chapter 2:
Gree
Daikin Industries, Ltd.
Johnson Controls International
Carrier
Midea
Haier
Danfoss
Mitsubishi Electric
Robert Bosch GmbH
Lennox International, Inc.
Nortek Global HVAC
LG Electronics
Ingersoll Rand
Siemens AG
Viessmann
Fuijitsu General Ltd
In Chapter 6 and Chapter 9, on the basis of types, the HVAC Services market from 2018 to 2028 is primarily split into:
Heating
Ventilation
Cooling
In Chapter 7 and Chapter 10, on the basis of applications, the HVAC Services market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global HVAC Services market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the HVAC Services industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of HVAC Services market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the HVAC Services industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on HVAC Services market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the HVAC Services market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed HVAC Services market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
