$76.3 Billion Worldwide HVAC Services Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets.com

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

IV. COMPETITION

  • Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/fkevll

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