Plumbing, Heating And Air-Conditioning Contractors Market Size Forecasted To Achieve $2203.46 Billion By 2029 With Steady Growth

The Plumbing, Heating And Air-Conditioning Contractors Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Plumbing, Heating And Air-Conditioning Contractors Market Size During the Forecast Period?
The market size for plumbing, heating, and air-conditioning contractors has seen considerable growth in the past few years. The market, which was valued at $1610.4 billion in 2024, is projected to increase to $1722.65 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.0%. Historical growth has been driven by factors such as a thriving construction and real estate sector, urbanization and population increase, renovations and upgrades in buildings, government initiatives and incentive schemes, and mounting concerns about energy efficiency.

Predictions point towards a significant surge in the plumbing, heating, and air-conditioning contractors market, forecasting it to expand to a size of $2203.46 billion by 2029, with an annual growth rate of 6.3%. This projected growth during the forecasted period can be credited to factors such as ongoing urbanization, population expansion, the adoption of green building methods, incorporation of renewable energy, and government initiatives aimed at energy efficiency, resilience, and disaster readiness. Other noticeable trends expected to influence this market's landscape during the forecast period include labor and workforce challenges, shortage of skilled workers, the electrification trend in HVAC systems, advancements in heat pump technology, remote operation and control, along with stringent regulatory and certification requirements.

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What Are the Major Segments in the Plumbing, Heating And Air-Conditioning Contractors Market?
The plumbing, heating and air-conditioning contractors market covered in this report is segmented -

1) By Type: Heating, Ventilation, Cooling
2) By Service: Consulting, Installation, Maintenance And Repair, Upgrade Or Replacement
3) By Implementation Type: New Construction, Retrofit Buildings
4) By End User: Residential, Commercial, Industrial

Subsegments:
1) By Heating: Boilers, Furnaces, Heat Pumps, Radiant Heating
2) By Ventilation: Air Handling Units, Exhaust Systems, Ductwork, Ventilation Fans
3) By Cooling: Central Air Conditioning Systems, Ductless Mini-Split Systems, Chillers, Evaporative Coolers

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What Are The Driving Plumbing, Heating And Air-Conditioning Contractors Market Evolution?
The growth of the plumbing, heating, and air-conditioning contractors market is anticipated to progress due to a rise in demand for commercial and residential structures equipped with HVAC systems. These HVAC systems, standing for heating, ventilation, and air conditioning, are mechanisms that manage and circulate warmed and chilled air within commercial and residential environments such as offices, homes, and indoor arenas. Service providers in plumbing, heating, and air-conditioning offer installation and maintenance of HVAC-enabled residential and commercial structures, heating, cooling, and plumbing systems. This includes new installations, modifications, additions, and repairs to ensure the occupants of a building enjoy comfort and efficiency from the installed systems. A report from the European Heat Pump Association in May 2023 disclosed that about 3 million units of heat pumps were sold in 2022, marking a nearly 38% growth in annual sales in Europe. This resulted in around 20 million connected heat pumps, representing 16% of Europe's residential and commercial structures. Consequently, the accelerated demand for HVAC-equipped commercial and residential buildings is propelling the expansion of the plumbing, heating, and air-conditioning contractors market.

Which Firms Dominate The Plumbing, Heating And Air-Conditioning Contractors Market Segments?
Major companies operating in the plumbing, heating and air-conditioning contractors market include Siemens Energy & Automation Inc., Honeywell International Inc., LG Corporation, Johnson Controls International, Lennox International Inc., Carrier Global Corporation, Daikin Industries Ltd., Electrolux Group, Fujitsu General Limited, Robert Bosch GmbH, Nortek Global HVAC, Dr. Energy Saver, The Dwyer Group, One Hour Heating & Air Conditioning, The Home Depot Inc., Watsco Inc., Trane Technologies plc, Air Pros LLC, Lifetime Heating, Cooling and Electric, Balanced Comfort Cooling Heating & Plumbing, Midwest Heating & Cooling, Kennon Heating & Air Conditioning, Radiant Plumbing & Air Conditioning, Holy City Heating and Air LLC, Old Dominion Mechanical LLC

What Trends Are Expected to Dominate the Plumbing, Heating And Air-Conditioning Contractors Market in the Next 5 Years?
Emerging technology is being recognized as a significant trend in the plumbing, heating, and air-conditioning contractors' market. Leading players in the market are focusing on the creation of innovative technologies to further establish their presence in the market. For example, a significant player, Carrier Global Corporation, focused on providing heating, ventilation, and air conditioning solutions, introduced a single-stage split system air conditioners line in October 2023. The launch aimed to comply with the imminent minimum efficiency requirements and testing procedures set by the Department of Energy (DOE). These air conditioners have been designed to improve energy efficiency and offer reliable cooling solutions for home consumers. Carrier's launch of this product line reflects its dedication to innovation and sustainability. It aims to meet the regulatory standards while catering to the increasing demand for energy-efficient cooling systems in the Southeast and Southwest parts of America.

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Which Is The Largest Region In The Plumbing, Heating And Air-Conditioning Contractors Market?
North America was the largest region in the plumbing, heating and air-conditioning contractors' market in 2024. Asia-Pacific is expected to be the plumbing, heating, and air-conditioning contractors' market's fastest-growing region in the forecast period. The regions covered in the plumbing, heating and air-conditioning contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Plumbing, Heating And Air-Conditioning Contractors Market?
2. What is the CAGR expected in the Plumbing, Heating And Air-Conditioning Contractors Market?
3. What Are the Key Innovations Transforming the Plumbing, Heating And Air-Conditioning Contractors Industry?
4. Which Region Is Leading the Plumbing, Heating And Air-Conditioning Contractors Market?

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