Market for plumbing, heating and air conditioning companies
Business Research Company Global Market Reports are now updated with the latest information on Market Size for Year 2023 and Forecast till 2032
Plumbing, heating and air conditioning market size, growth rate and forecast
The global plumbing, heating and air conditioning contractors market is expected to grow in size from US$1,318.79 billion in 2022 to US$1,421.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The war between Russia and Ukraine has hurt the chances of a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has resulted in economic sanctions against several countries, a surge in commodity prices and supply chain disruptions, which has caused inflation in goods and services and has affected many markets around the world. The global market for plumbing, heating and air conditioning companies is expected to reach US$1,868.29 billion in 2027 at a compound annual growth rate of 7.1%.
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Market drivers for plumbing, heating and air conditioning companies
Increasing demand for HVAC-equipped commercial and residential buildings is expected to spur growth in the plumbing, heating and air conditioning contractor market in the future. Heating, ventilation, and air conditioning (HVAC) refers to the mechanisms that control and distribute heated and cooled air in residential and commercial buildings, including workplaces, residences, and indoor stadiums.
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Market segments for plumbing, heating and air conditioning installers
• By type: heating, ventilation, cooling
• After service: advice, installation, maintenance and repair, upgrade or replacement
• By implementation type: new build, refurbishment building
• By End User: Residential, Commercial, Industrial
• By geography: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the plumbing, heating and air conditioning contractor market.
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Major players in the plumbing, heating and air conditioning contractors market
Key competitors in the plumbing, heating and air conditioning contractor market include Siemens Energy & Automation Inc., Honeywell International Inc., LG Corporation, Johnson Controls and Lennox International Inc.
Business Research Company’s Global Plumbing, Heating And Air-Conditioners Market Report 2023 is a comprehensive market report covering 60+ regions and extensive market segmentation per region. The region and country breakdown section examines the market in each region along with the market size by region and country. Additionally, it evaluates the historical and forecast growth of the market and identifies key trends and strategies that companies can use to expand their operations.
TOC for Plumbing, Heating and Air Conditioning Contractors Market Covers:
1. Summary
2. Characteristics of Plumbing, Heating and Air Conditioning Contractors Market
3. Market trends and strategies for plumbing, heating and air conditioning companies
4. Plumbing, Heating and Air Conditioning Companies Market – Macroeconomic Scenario
5. Plumbing, heating and air conditioning market size and growth
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26. African market for plumbing, heating and air conditioning companies
27. Competitive landscape and company profiles in the Plumbing, Heating and Air Conditioning Companies Market
28. Major mergers and acquisitions in the plumbing, heating and air conditioning market
29. Future prospects and potential analysis for the market for plumbing, heating and air conditioning companies
30. Appendix
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