The global HVAC services market attained a value of USD 67.08 Billion in 2025 and is expected to grow during the forecast period of 2026-2035 at a CAGR of 6.20% to reach a value of USD 122.42 Billion by 2035, owing to the increasing demand for energy-efficient climate control in buildings.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
6.2%
Value in USD Billion
2026-2035
*this image is indicative*
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Based on implementation type, new construction represents a considerable share of the market and is driven by the rising investments towards the development of commercial and residential construction projects. This can be attributed to the rising population and thriving infrastructure development. Over the forecast period, the surging demand for commercial and residential structures equipped with HVAC is likely to propel the growth of the segment. Furthermore, the increasing inclination of residents towards structures that can boost the cost-effectiveness is likely to fuel the growth of this segment.
The HVAC services industry in the Asia Pacific is being driven by the rising standards of living and the growing population in the region. The thriving construction activities in the commercial sector in India, Japan, South Korea, and China due to rapid urbanisation is anticipated to propel the market growth in the forecast period. Furthermore, the introduction of strict government regulations in emerging economies to boost energy conservation is likely to fuel the market growth in the region, which is projected to significantly contribute to the overall growth of the HVAC services industry in the coming years.
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HVAC services, variously known as heating, ventilation and air conditioning services, are services that construct, install, and maintain HVAC systems and equipment. They are integral in maintaining good indoor air quality and providing thermal comfort through adequate ventilation. HVAC services optimise HVAC systems while reducing their energy consumption and enhancing cost-effectiveness.
Based on implementation type, the market can be bifurcated into:
The major end uses of HVAC services include:
The EMR report looks into the regional markets of HVAC services like:
The rising applications of HVAC services in residential construction activities owing to inflating disposable incomes, the increasing population, and rapid urbanisation are driving the market. With the introduction of various stringent government regulations aimed towards curbing environmental pollution, the construction of energy-efficient residential buildings is increasing, which is anticipated to augment the market in the forecast period. Furthermore, the growing penetration of the Internet of things (IoT) in HVAC services to increase the efficiency of service providers is likely to invigorate the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global HVAC services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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In 2025, the global HVAC services market attained a value of over USD 67.08 Billion.
The market is estimated to grow at a CAGR of 6.20% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach more than USD 122.42 Billion by 2035.
The major drivers of the market include the rising applications of HVAC services in the building and construction industry and the increasing awareness regarding the cost-effective benefits offered by HVAC services.
The stringent government regulations aimed towards reducing the carbon emission, the rising residential construction activities, and rapid urbanisation are expected to bolster the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
New construction and retrofit buildings are the major implementation types of HVAC services in the market.
Residential, commercial, and industrial are the different end uses of HVAC services.
The major players in the industry are Siemens AG, Honeywell International Inc., LG Electronics, Johnson Controls, Daikin Industries, Ltd., and Carrier Global Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Implementation Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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