DUBLIN–(BUSINESS WIRE)–The “HVAC Services – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 8th edition of this report. The 180-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global HVAC Services Market to Reach $76.3 Billion by 2027
Amid the COVID-19 crisis, the global market for HVAC Services estimated at US$51.4 Billion in the year 2020, is projected to reach a revised size of US$76.3 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027.
Residential, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$24.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Residential segment is readjusted to a revised 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.9 Billion, While China is Forecast to Grow at 8.8% CAGR
The HVAC Services market in the U.S. is estimated at US$13.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$16 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Competitors identified in this market include, among others:
- Bosch Thermotechnik GmbH
- Carrier Corporation
- Daikin Industries Ltd.
- Electrolux AB
- Emerson Electric Company
- Fujitsu Ltd.
- Haier Group
- Ingersoll-Rand PLC
- Johnson Controls International PLC
- Lennox International, Inc.
- LG Electronics Inc.
- Nortek Global HVAC LLC
- Samsung Electronics Co., Ltd.
- Siemens AG
- Vaillant Group
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- HVAC Services Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/fkevll
Laura Wood, Senior Press Manager
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