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Plumbing, Heating And Air-Conditioning Contractors Market 2023 - By Demand, Leading Companies, Industry Insights, Future Opportunities And Forecast To 2032
Plumbing, Heating And Air-Conditioning Contractors Market
Plumbing, Heating And Air-Conditioning Contractors Market Size, Growth Rate, And Forecast
The global plumbing, heating and air-conditioning contractors market size is expected to grow from $1,318.79 billion in 2022 to $1,421.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global plumbing, heating and air-conditioning contractors market size is expected to reach $1,868.29 billion in 2027 at a CAGR of 7.1%.
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Plumbing, Heating And Air-Conditioning Contractors Market Drivers
Increasing demand for HVAC-equipped commercial and residential structures is expected to boost the growth of the plumbing, heating, and air-conditioning contractors market going forward. Heating, ventilation, and air conditioning (HVAC) refer to the mechanisms that control and distribute heated and cooled air in residential and commercial structures, including workplaces, residences, and indoor stadiums.
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Plumbing, Heating And Air-Conditioning Contractors Market Segments
• By Type: Heating, Ventilation, Cooling
• By Service: Consulting, Installation, Maintenance And Repair, Upgrade Or Replacement
• By Implementation Type: New Construction, Retrofit Buildings
• By End User: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Plumbing, Heating And Air-Conditioning Contractors market.
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Plumbing, Heating And Air-Conditioning Contractors Market Key Players
Major competitors in the Plumbing, Heating And Air-Conditioning Contractors market include Siemens Energy & Automation Inc., Honeywell International Inc., LG Corporation, Johnson Controls, Lennox International Inc.
The Business Research Company's "Global Plumbing, Heating And Air-Conditioning Contractors Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Plumbing, Heating And Air-Conditioning Contractors Market Include:
1. Executive Summary
2. Plumbing, Heating And Air-Conditioning Contractors Market Characteristics
3. Plumbing, Heating And Air-Conditioning Contractors Market Trends And Strategies
4. Plumbing, Heating And Air-Conditioning Contractors Market - Macro Economic Scenario
5. Plumbing, Heating And Air-Conditioning Contractors Market Size And Growth
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26. Africa Plumbing, Heating And Air-Conditioning Contractors Market
27. Plumbing, Heating And Air-Conditioning Contractors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plumbing, Heating And Air-Conditioning Contractors Market
29. Plumbing, Heating And Air-Conditioning Contractors Market Future Outlook and Potential Analysis
30. Appendix
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