HVAC Services Market to Reach $130.7 Billion by 2035: Key Growth Drivers and Future Outlook

Meticulous Research®-a leading global market research company-has released its latest report titled "HVAC Services Market (Mercato dei servizi HVAC) Size, Share & Forecast 2025-2035 | Analysis by Service Type (Retrofit, IoT Integration), System Type (Integrated), End-User & Geography."

According to the report, the HVAC Services Market, valued at USD 66.8 billion in 2024, is projected to grow steadily at a CAGR of 6.4% from 2025 to 2035, reaching approximately USD 130.7 billion by 2035. The market continues to expand as demand rises for installing new heating and cooling systems, maintaining existing equipment, and upgrading older buildings with advanced, energy-efficient technologies.

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Key Factors Driving Market Growth

1. Rising Demand for Energy Efficiency
Building owners are increasingly prioritizing cost savings and sustainability, which is accelerating demand for HVAC upgrades and energy-efficient retrofits. Modern facilities now recognize that well-maintained HVAC systems reduce energy consumption and help meet stricter environmental standards. This shift is driven by rising energy prices, growing environmental awareness, and the popularity of green building certifications that require high-performance climate control solutions.

2. Growing Focus on Indoor Air Quality
Since the COVID-19 pandemic, indoor air quality has become a major priority. The EPA reports that indoor air can be 2-5 times more polluted than outdoor air, and people spend about 90% of their time indoors. As a result, demand has surged for HVAC services that improve air quality through advanced filtration, enhanced ventilation, and air purification technologies.

3. Construction Growth Driving New Installations and Services
Global construction spending is projected to reach $15.5 trillion by 2030, with strong activity across Asia-Pacific, North America, and the Middle East. In the U.S., private residential construction alone exceeded $900 billion in 2024. This construction boom is boosting the need for HVAC installations, commissioning, and ongoing service contracts, as every new building requires efficient heating, cooling, and ventilation systems.

Key Industry Players and Innovation Landscape

The HVAC services market features a mix of major service providers, specialized contractors, and equipment manufacturers offering service solutions. Leading companies include:

EMCOR Group, Johnson Controls International, Comfort Systems USA, Trane Technologies, Carrier Global Corporation, ABM Industries, Honeywell International, Daikin Industries, Lennox International, Southland Industries, Service Logic Corporation, Siemens (Building Technologies), Schneider Electric, Mitsubishi Electric Corporation, and Rheem Manufacturing Company.

These players are driving innovation through digital service platforms, IoT-enabled HVAC management, predictive maintenance technologies, comprehensive energy-efficiency offerings, and geographic expansion strategies. Their focus on technology integration and advanced service capabilities is strengthening their competitive edge and meeting the growing demand for professional HVAC services.

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Market Segments and Service Types

1. Service Categories Lead Different Growth Patterns

Maintenance and repair services currently lead the market due to the ongoing need for system upkeep, the increase in extreme weather events, and the rise of smart, IoT-enabled HVAC systems. However, energy efficiency and retrofit services are experiencing the fastest growth, driven by sustainability initiatives, government incentives, and rising energy costs. Integrated HVAC systems are the largest segment by system type because of their complicated maintenance needs and the focus on system optimization. Meanwhile, air conditioning systems are seeing notable growth as climate change raises cooling demands and spurs more commercial installations.

2. Commercial Buildings Drive Market Leadership

The commercial segment holds the largest market share, reflecting the complex nature of commercial HVAC systems and their need for professional maintenance to comply with regulations. Commercial buildings require specialized expertise for their advanced climate control systems, making professional services essential rather than optional.

Regional Market Dynamics:

1. North America Leads, Asia-Pacific Grows Fastest

North America currently leads the HVAC services market due to its aging infrastructure requiring maintenance, a strong focus on energy efficiency, robust commercial construction, and rising demand for indoor air quality services. The region benefits from established service providers, industry standards, and regulations that support professional service requirements. Asia-Pacific is expected to see the highest growth rate, driven by rapid urbanization, increased construction activity, rising disposable incomes, greater awareness of indoor air quality, and expanding commercial infrastructure development.

Future Outlook:

The HVAC services market goes beyond maintenance and repair. It's about creating healthier, more efficient, and more sustainable built environments that improve occupant comfort while reducing environmental impact.

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Key Questions Answered in the Report:

What is the size of the HVAC services market (HVAC サービス市場), and at what CAGR is this market projected to grow during 2025-2035?
Which service type segment is projected to hold the major share of the HVAC services market in 2025?
Which end-user segment is expected to record the highest growth rate during the forecast period?

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