The global HVAC services market stands at US$ 71.1 billion in 2022 and is anticipated to progress steadily at a CAGR of 6.2% to reach US$ 129.8 billion by 2032-end. Together, North America and East Asia account for around 60% share of the global market.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global HVAC Services market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting markt growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the HVAC Services market.
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Key findings of the HVAC Services market study:
- Regional breakdown of the HVAC Services market based on predefined taxonomy.
- Innovative manufacturing processes implemented by HVAC Services vendors in detail.
- Region-wise and country-wise fragmentation of the HVAC Services market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global HVAC Services market.
Key Companies Profiled
- Carrier
- Daikin Industries Ltd.
- Dr. Energy Saver, Inc
- Dwyer Franchising, LLC
- Electrolux AB
- Fujitsu General Ltd.
- Honeywell International Inc.
- Johnson Controls International PLC
- Lennox International Inc.
- LG Electronics Inc.
- Nortek Global HVAC
Competitive Landscape
The global market for HVAC services is highly competitive with the presence of numerous market players. They are taking strategic initiatives such as service launches, acquisitions, and rebranding to stay competitive in the market.
For instance :
- In July 2022, M&T Air Conditioning, a service provider of HVAC in Vancouver, Canada, announced that it completed its rebranding process, which includes the creation of a new brand logo and website to support M&T’s vision for business expansion.
- In May 2022, Heartland Home Services, a leader in HVAC, plumbing and electrical home services, announced the acquisition of Williams Heating and Cooling, a leading service provider of HVAC.
Fact.MR has provided detailed information about the providers of HVAC services positioned across regions, revenue growth, and service offering expansion, in the recently published report.
Segmentation of HVAC Services Industry Research
- By Type :
- Heating
- Ventilation
- Cooling
- By Service :
- Consulting
- Installation
- Maintenance & Repair
- Upgrade/Replacement
- By End-use Application :
- Residential
- Commercial
- Industrial
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Queries addressed in the HVAC Services market report:
- Why are the Smart Meter Data Manag ement market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global HVAC Services market?
- Which regions are displaying the fastest growth in the HVAC Services market?
- What are the underlying micro- macroeconomic factors affecting the global HVAC Services market?
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