Market Research Report
Heating, Ventilation, and Air Conditioning (HVAC) Services - Global Market Outlook (2020-2028)
|Heating, Ventilation, and Air Conditioning (HVAC) Services - Global Market Outlook (2020-2028)|
Published: May 5, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Heating, Ventilation, and Air Conditioning (HVAC) Services Market is accounted for $57.80 billion in 2020 and is expected to reach $107.78 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Factors such as rising global temperatures, growing construction sector, and rising disposable income in developing countries are driving the growth of the market. However, shortage of skilled labor is hampering the growth of the market.
The heating, ventilation, and air conditioning (HVAC) services are provided to the end-users of HVAC systems by the original equipment manufacturers and other local players. The main purposes of HVAC system is to help maintain good indoor air quality through adequate ventilation with filtration and provide thermal comfort.
Based on the end user, the residential segment is anticipated to expand at a rapid pace during the forecast period due to the growing government support for sustainable community development and the increasing affordability of housing. By geography, North America is going to have high growth during the forecast period which can be attributed to the infrastructural reforms and the growing use of air conditioners in homes and offices throughout the region.
Some of the key players profiled in the Heating, Ventilation, and Air Conditioning (HVAC) Services Market include Honeywell International Inc, Robert Bosch GmbH, Emerson Electric Co, Siemens AG, Panasonic Corporation, Daikin Industries Ltd, LG Electronics Inc, Electrolux AB, Johnson Controls International PLC, Ingersoll-Rand PLC, United Technologies Corp, Fujitsu General Ltd, Gardner Denver Holdings Inc , Carrier Corporation, Lennox International Inc, and Nortek Global HVAC.
Implementation Types Covered:
End Users Covered:
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options: