HVAC 서비스 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the HVAC services market size is valued at USD 72.48 billion in 2026 and is projected to reach USD 98.74 billion by 2031, reflecting a 6.38% CAGR.

This report is Segmented by Implementation Type (New Construction and Retrofit Buildings), Service Type (Installation and Replacement, and More), System Type (Heating, Cooling, and More), End User (Residential, Commercial, and Industrial), Application Vertical (Data Centers, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global HVAC Services Market Trends and Insights

Growing Construction Activity in Emerging Economies

Robust public-works pipelines in India and the Gulf Cooperation Council (GCC) are sustaining new installation demand. India's construction sector is expanding by 8-10% in fiscal 2026, supported by government urban housing schemes. The GCC maintains a USD 3 trillion project backlog, and megaprojects such as NEOM require district-cooling plants that open long-term service opportunities. Developers are pre-specifying variable-refrigerant-flow systems to secure green-building certifications, and local-content rules are pushing multinational vendors to establish in-country support hubs. These factors are fragmenting traditional supply chains and favoring regional contractors fluent in local procurement norms and languages.

Expansion of Hyperscale Data-Center Build-Outs

GPU-dense clusters generate thermal loads exceeding 100 kW per rack, prompting operators to adopt liquid cooling. Microsoft introduced direct-to-chip cooling in 2025, while Google deployed rear-door heat exchangers, each requiring specialized chiller retrofits. Service vendors are negotiating uptime-based contracts tied to power-usage-effectiveness metrics, shifting risk to providers that must invest in continuous monitoring. The International Energy Agency projects data-center electricity demand to double by 2030, implying parallel growth in thermal-storage projects that flatten grid loads.

Skilled-Labor Shortages and Escalating Wage Bills

The United States recorded 110,000 unfilled HVAC technician posts in 2025 despite a 12% median-wage rise to USD 57,300. Retirement-driven attrition and limited immigration inflows intensify constraints, and Germany reports a 15% vacancy rate for mechatronics roles. Apprenticeship programs will not yield fully trained personnel for at least 3 years, squeezing contractor margins, as labor costs account for more than half of service revenue.

Other drivers and restraints analyzed in the detailed report include:

1. Mandatory Refrigerant Phase-Downs Driving Retrofit Demand
2. Remote Diagnostics and Robotics Lowering Service Costs
3. Volatile HVAC Component Supply and Material Inflation

For complete list of drivers and restraints, kindly check the Table Of Contents.

Geography Analysis

North America delivered 38.17% of 2025 revenue, supported by a USD 2.1 trillion backlog of deferred building maintenance. Aging systems exceeding 15 years of service life are driving replacement demand, yet technician shortages and permitting delays lengthen project cycles. The AIM Act accelerates refrigerant phase-outs, and California's Title 24 rules seed future heat-pump retrofits. Canada's carbon price of CAD 80 (USD 59) per ton in 2025 encourages natural-gas boiler conversions, though grid constraints in Alberta temper heat-pump deployment. Mexico's nearshoring wave lifted industrial HVAC demand by 18% in 2025.

Asia-Pacific is forecast to post a 7.90% CAGR to 2031, led by India's double-digit construction growth and China's 400 million m2 of district-cooling networks. Japan's aging demographics spur the adoption of residential heat pumps with remote monitoring, while Southeast Asia's high electricity tariffs push owners toward thermal-storage strategies. Australia's 2025 building code adopts whole-of-home energy budgets, forcing service providers to deliver integrated efficiency audits.

Europe's revised building-performance directive requires zero-emission stock by 2050, compelling accelerated retrofits. Germany's 21 million pre-1980 homes face a EUR 200 billion (USD 220 billion) heat-pump opportunity, although installer backlogs slow progress. The United Kingdom's GBP 7,500 (USD 9,450) heat-pump grants have yet to meet adoption targets due to persistent energy-price differentials. Middle Eastern GCC nations continue to roll out district-cooling for megaprojects, whereas Latin American growth is led by Brazilian inverter air conditioners and Argentine local assembly as currency depreciation hampers imports.

1. Johnson Controls International PLC
2. Carrier Global Corporation
3. Daikin Industries Ltd.
4. Trane Technologies PLC
5. Lennox International Inc.
6. Honeywell International Inc.
7. Siemens AG
8. LG Electronics Inc.
9. Electrolux AB
10. Robert Bosch GmbH
11. Fujitsu General Ltd.
12. Nortek Global HVAC
13. Mitsubishi Electric Corporation
14. Rheem Manufacturing Company
15. Danfoss A/S
16. GREE Electric Appliances Inc.
17. Midea Group Co. Ltd.
18. Johnson Service Group PLC
19. Comfort Systems USA Inc.
20. EMCOR Group Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Growing Construction Activity in Emerging Economies
  • 4.2.2 Expansion of Hyperscale Data-Center Build-Outs
  • 4.2.3 Mandatory Refrigerant Phase-Downs Driving Retrofit Demand
  • 4.2.4 Aging Building Stock in OECD Markets Requiring Upgrades
  • 4.2.5 Remote Diagnostics and Robotics Lowering Service Costs
  • 4.2.6 HVAC-as-a-Service Contracts Unlocking Annuity Revenues
• 4.3 Market Restraints
  • 4.3.1 Skilled-Labor Shortages and Escalating Wage Bills
  • 4.3.2 Volatile HVAC Component Supply and Material Inflation
  • 4.3.3 Cyber-Security Risks in Connected Building Systems
  • 4.3.4 Subscription-Based Disruptors Compressing Margins
• 4.4 Industry Value-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Impact of Macroeconomic Factors on the Market
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Bargaining Power of Suppliers
  • 4.8.2 Bargaining Power of Buyers
  • 4.8.3 Threat of New Entrants
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Intensity of Competitive Rivalry
• 4.9 Investment and M&A Landscape

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Implementation Type
  • 5.1.1 New Construction
  • 5.1.2 Retrofit Buildings
• 5.2 By Service Type
  • 5.2.1 Installation and Replacement Services
  • 5.2.2 Maintenance and Repair Services
  • 5.2.3 Energy-Efficiency and Retrofit Services
  • 5.2.4 HVAC Controls Upgrade and Integration
  • 5.2.5 Consulting and Other Services
• 5.3 By System Type
  • 5.3.1 Heating Services
  • 5.3.2 Cooling Services
  • 5.3.3 Ventilation and IAQ Services
  • 5.3.4 Integrated Building-Management Services
• 5.4 By End User
  • 5.4.1 Residential
  • 5.4.2 Commercial
  • 5.4.3 Industrial
• 5.5 By Application Vertical
  • 5.5.1 Data Centers
  • 5.5.2 Healthcare Facilities
  • 5.5.3 Educational Institutions
  • 5.5.4 Hospitality and Leisure
  • 5.5.5 Retail Spaces
  • 5.5.6 Government and Public Buildings
  • 5.5.7 Others
• 5.6 By Geography
  • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
  • 5.6.2 South America
    • 5.6.2.1 Brazil
    • 5.6.2.2 Argentina
    • 5.6.2.3 Mexico
    • 5.6.2.4 Rest of South America
  • 5.6.3 Europe
    • 5.6.3.1 United Kingdom
    • 5.6.3.2 Germany
    • 5.6.3.3 France
    • 5.6.3.4 Benelux
    • 5.6.3.5 Rest of Europe
  • 5.6.4 Asia-Pacific
    • 5.6.4.1 China
    • 5.6.4.2 India
    • 5.6.4.3 Japan
    • 5.6.4.4 Rest of Asia-Pacific
  • 5.6.5 Middle East and Africa
    • 5.6.5.1 United Arab Emirates
    • 5.6.5.2 Saudi Arabia
    • 5.6.5.3 South Africa
    • 5.6.5.4 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, and Recent Developments)
  • 6.4.1 Johnson Controls International PLC
  • 6.4.2 Carrier Global Corporation
  • 6.4.3 Daikin Industries Ltd.
  • 6.4.4 Trane Technologies PLC
  • 6.4.5 Lennox International Inc.
  • 6.4.6 Honeywell International Inc.
  • 6.4.7 Siemens AG
  • 6.4.8 LG Electronics Inc.
  • 6.4.9 Electrolux AB
  • 6.4.10 Robert Bosch GmbH
  • 6.4.11 Fujitsu General Ltd.
  • 6.4.12 Nortek Global HVAC
  • 6.4.13 Mitsubishi Electric Corporation
  • 6.4.14 Rheem Manufacturing Company
  • 6.4.15 Danfoss A/S
  • 6.4.16 GREE Electric Appliances Inc.
  • 6.4.17 Midea Group Co. Ltd.
  • 6.4.18 Johnson Service Group PLC
  • 6.4.19 Comfort Systems USA Inc.
  • 6.4.20 EMCOR Group Inc.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment