Global Heating, Ventilation and Air Conditioning (HVAC) Aftermarket Market 2025-2029

Heating, Ventilation And Air Conditioning (HVAC) Aftermarket Market 2025-2029

The heating, ventilation and air conditioning (HVAC) aftermarket market is forecasted to grow by USD 45470.1 million during 2024-2029, accelerating at a CAGR of 9% during the forecast period. The report on the heating, ventilation and air conditioning (HVAC) aftermarket market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by robust growth of construction industry, growing industrialization in developing economies, and long life of HVAC systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's heating, ventilation and air conditioning (HVAC) aftermarket market is segmented as below:

By Product

• Air conditioning equipment
• Heating equipment
• Ventilation equipment

By End-user

• Non-residential
• Residential

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the adoption of cogeneration equipment as one of the prime reasons driving the heating, ventilation and air conditioning (HVAC) aftermarket market growth during the next few years. Also, predictive maintenance and increasing automation and specific focus of vendors on non-residential sectors will lead to sizable demand in the market.

The report on the heating, ventilation and air conditioning (HVAC) aftermarket market covers the following areas:

• Heating, Ventilation And Air Conditioning (HVAC) Aftermarket Market sizing
• Heating, Ventilation And Air Conditioning (HVAC) Aftermarket Market forecast
• Heating, Ventilation And Air Conditioning (HVAC) Aftermarket Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heating, ventilation and air conditioning (HVAC) aftermarket market vendors that include Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Electrolux group, Emerson Electric Co., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Hitachi Ltd., Johnson Controls International PLC, Lennox International Inc., LG Corp., MIDEA Group Co. Ltd., Nortek, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, Swegon Group AB, Trane Technologies PLC, and Vaillant Group. Also, the heating, ventilation and air conditioning (HVAC) aftermarket market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.