The HVAC Services Market size is estimated at USD 67.90 billion in 2024, and is expected to reach USD 104.19 billion by 2029, growing at a CAGR of 8.94% during the forecast period (2024-2029).
The growing use of air conditioners in homes and offices is one of the significant drivers stressing the need for HVAC services.
The HVAC services market is favorably competitive and consists of several prominent players. The market performers are focusing on expanding their consumer base across foreign countries. These enterprises leverage strategic collaborative initiatives to boost their market share and profitability. The companies performing in the market are also acquiring start-ups working on HVAC services technologies to strengthen their production capacities.
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