Austin, TX, USA, Jan. 13, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “HVAC Maintenance Service Market Size, Trends and Insights By Type (Heating, Ventilation, Cooling), By Service (Repair, Upgrade/Replacement, Maintenance, Consulting), By Product (Air Handling Units, AC System, Air purifier, Heat Pump, Others), By Application (Residential, Commercial, Industrial), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033“ in its research database.
“According to the latest research study, the demand of global HVAC Maintenance Services Market size & share was valued at approximately USD 77,670 Million in 2023 and is expected to reach USD 78,998 Million in 2024 and is expected to reach a value of around USD 1,55,630.9 Million by 2033, at a compound annual growth rate (CAGR) of about 6.57% during the forecast period 2024 to 2033.”
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HVAC Maintenance Services Market: Overview
HVAC Maintenance Services include various types of services such as repair, upgrade, maintenance, and consulting. The growing emphasis on energy-saving solutions and stringent government regulations are mainly driving the market growth of this segment during the forecast period.
Various factors, such as growing adaption of HVAC systems in residential construction, rapidly expanding end user industries, growing disposable income, supportive government policies and incentives for HVAC systems, growing demand for improved indoor and outdoor air, increasing investment in construction activities, and advancements in HVAC systems, are mainly driving the market growth during the forecast period.
Furthermore, factors such as the swift evolution of smart HVAC systems, the growing incorporation of emerging technologies such as AI and IOT in HVAC systems, and increasing temperatures across the globe due to global warming and climate change are expected to create lucrative opportunities for the market during the forecast period.
However, the high cost of maintenance due to fluctuation in raw material prices, lack of awareness about HVAC systems in many developing countries, increasing carbon and greenhouse gas emissions, and the energy crisis are some of the factors restraining the market’s growth.
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Growing technological advances in HVAC systems, increasing collaboration between third-party services providers and HVAC system manufacturers, and increasing incorporation of the Internet of Things in HVAC systems are some of the factors expected to create lucrative opportunities for the market during the forecast period.
The key trends observed in the market include growing demand for next-generation based automated HVAC systems solutions for heating and cooling, which is expected to drive the demand for HVAC maintenance services during the forecast period.
The global HVAC Maintenance Services market is segmented by type, product, service, application, and region. By type, heating type is expected to dominate during the forecast period owing to the growing demand for heating-type HVAC equipment in commercial and residential construction applications.
Various factors, such as the growing emphasis on energy efficiency solutions, rapidly expanding end-user applications, and the lower cost of heating-type HVAC maintenance equipment, are mainly driving the market growth of this segment during the forecast period.
The cooling segment is expected to grow at the fastest CAGR during the forecast period owing to the increasing installation of ACs due to increasing global temperatures. Various factors, such as the increasing prevalence of pandemics and chronic diseases, such as the COVID-19 pandemic, have increased the importance of clean air, which in turn boosted the demand for ACs during the forecast period.
By application, the Commercial segment dominated the global HVAC maintenance services during the forecast period owing to the rapidly expanding commercial construction industry across the globe. Additionally, growing establishments of various commercial buildings such as shopping malls, airports, hotels, big restaurants, theatres, and other service sector companies are expected to increase the installation of HVAC equipment, thereby driving the market growth of this segment.
The residential application segment is expected to grow at the fastest CAGR during the forecast period owing to the growing installation of ACs in residential constructions. Furthermore, growing disposable income, increasing urbanisation, and growing awareness about energy efficiency are some of the factors propelling the market growth of this segment during the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 78,998 Million |
| Projected Market Size in 2033 | USD 1,55,630.9 Million |
| Market Size in 2023 | USD 77,670 Million |
| CAGR Growth Rate | 6.57% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Service, Product, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the HVAC Maintenance Services report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
Request a Customized Copy of the HVAC Maintenance Services Market Report @ https://www.custommarketinsights.com/report/hvac-maintenance-services-market/
(Please note that the sample of the HVAC Maintenance Services report has been modified to include the COVID-19 impact study prior to delivery.)
CMI has comprehensively analyzed the HVAC Maintenance Services market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth market scenario. Segment-wise market size and market share during the forecast period have been duly addressed to portray the probable picture of this Global HVAC Maintenance Services industry.
The competitive landscape includes key innovators, after-market service providers, market giants, and niche players, who are studied and analyzed extensively with respect to their strengths, weaknesses, and value-adding prospects. In addition, this report covers key players’ profiles, market shares, mergers and acquisitions, consequent market fragmentation, and new trends and dynamics in partnerships.
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Key questions answered in this report:
- What is the size of the HVAC Maintenance Services market and what is its expected growth rate?
- What are the primary driving factors that push the HVAC Maintenance Services market forward?
- What are the HVAC Maintenance Services Industry’s top companies?
- What are the different categories that the HVAC Maintenance Services Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the HVAC Maintenance Services market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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HVAC Maintenance Services Market: Regional Analysis
By Region, global HVAC Maintenance Services market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Among all of these, Asia Pacific held the highest market share in 2023 and is expected to keep its dominance during the forecast period.
Rapidly expanding end-user industries, growing population, changing lifestyle, increasing disposable income, and increasing temperature due to climate change impact are some factors boosting the installation of HVAC equipment in this region, thereby driving the demand for HVAC maintenance services during the forecast period. Key countries such as China, India, Japan, South Korea, ASEAN and Australia are mainly driving the market growth of this region.
China held the highest market share in this region and is expected to keep its dominance during the forecast period owing to the availability of leading HVAC system manufacturers. Growing disposable income, skilled labor availability, and investment in residential and commercial construction activities mainly drive the market growth of China’s HVAC maintenance services during the forecast period.
India is expected to grow at the fastest CAGR during the forecast period owing to the increasing installation of HVAC equipment in the country and the growing manufacturing facilities of HVAC systems in India.
North America held the second-largest market share in 2023 and is expected to maintain its dominance during the forecast period. The growing installation of ACs in residential and commercial apartments across the U.S., Canada, and Mexico is mainly driving the market growth of this region.
Furthermore, stringent regulations regarding greenhouse emissions, an increasing focus on sustainability, and growing environmental awareness are some of the factors expected to drive the demand for HVAC systems in this region, thereby driving the demand for HVAC maintenance services during the forecast period.
Europe region is expected to grow significantly during the forecast period. Various factors, such as the European Union’s stringent regulations about energy efficiency, increasing adoption of intelligent and innovative building technologies, supportive regulatory policies, and growing renovation of constructions, increase the installation of HVAC systems, thereby driving the demand for HVAC maintenance during the forecast period. Key countries such as France, the U.K., Germany, Russia, the Netherlands, and Spain are mainly driving the market growth of this region.
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List of the prominent players in the HVAC Maintenance Services Market:
- Carrier Corporation
- Toshiba
- Mitsubishi Group
- Johnson Controls
- Daikin
- Electromechanical Maintenance Services
- Bradbury Brothers Cooling Heating Plumbing & Electrical
- AAA Filter Service
- MG Cooling Solutions
- Carolina Filters Inc.
- LG Service & Maintenance
- Systemair Manufacturing
- Johnson Controls
- Zehnder
- Ostberg
- Others
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The HVAC Maintenance Services Market is segmented as follows:
By Type
- Heating
- Ventilation
- Cooling
By Service
- Repair
- Upgrade/Replacement
- Maintenance
- Consulting
By Product
- Air Handling Units
- AC System
- Air purifier
- Heat Pump
- Others
By Application
- Residential
- Commercial
- Industrial
Click Here to Get a Free Sample Report of the Global HVAC Maintenance Services Market @ https://www.custommarketinsights.com/report/hvac-maintenance-services-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This HVAC Maintenance Services Market Research/Analysis Report Contains Answers to the following Questions.
- What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This HVAC Maintenance Services Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the HVAC Maintenance Services Market? What Was the Capacity, Production Value, Cost and PROFIT of the HVAC Maintenance Services Market?
- What Is the Current Market Status of the HVAC Maintenance Services Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of HVAC Maintenance Services Market by Considering Applications and Types?
- What Are Projections of the Global HVAC Maintenance Services Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is HVAC Maintenance Services Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On HVAC Maintenance Services Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of HVAC Maintenance Services Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for HVAC Maintenance Services Industry?
Click Here to Access a Free Sample Report of the Global HVAC Maintenance Services Market @ https://www.custommarketinsights.com/report/hvac-maintenance-services-market/
Reasons to Purchase HVAC Maintenance Services Market Report
- HVAC Maintenance Services Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- HVAC Maintenance Services Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- HVAC Maintenance Services Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape 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 company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- HVAC Maintenance Services Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global HVAC Maintenance Services market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
Buy this Premium HVAC Maintenance Services Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/hvac-maintenance-services-market/
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide HVAC Maintenance Services market analysis.
- The competitive environment of current and potential participants in the HVAC Maintenance Services market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide HVAC Maintenance Services market should find this report useful. The research will be useful to all market participants in the HVAC Maintenance Services industry.
- Managers in the HVAC Maintenance Services sector are interested in publishing up-to-date and projected data about the worldwide HVAC Maintenance Services market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in HVAC Maintenance Services products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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About Custom Market Insights:
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