+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Europe HVAC Maintenance and Service Market - Industry Outlook & Forecast 2024-2029

  • PDF Icon

    Report

  • 340 Pages
  • May 2024
  • Region: Europe
  • Arizton
  • ID: 5970616
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The European HVAC maintenance and services market is expected to grow at a CAGR of 5.90% from 2023-2029.

MARKET TRENDS & OPPORTUNITIES

Emergence of Smart Products and IoT Innovations Aid Replacements

The demand for energy in the construction sector tripled over the last 20 to 30 years, with over 8% of electricity consumption for space cooling technology over the past few years. Many organization officials expect HVAC systems to take the most substantial edge out of their electricity expenses. Innovative HVAC system options provide a method to enhance energy consumption without any interruption in consumer service. IoT has the advantage of impacting HVAC product systems through its smart devices and technologies, which allow manufacturers to increase productivity and optimize assets. Hence, modern technology is expected to propel the demand for intelligent HVAC systems, boosting the Europe HVAC maintenance and services market growth during the projected period.

Rise in Commercial Construction and Projects

In the long run, the EU construction industry is expected to experience steady growth due to low interest rates in a few European countries and stable economic growth. Currently, construction industry developments are unstable due to the economic recession. However, they are expected to have a short-term impact as the fiscal stimulus and other measures are expected to be rolled out as soon as possible to get construction back on track. This is because it supports a large number of ancillary industries and also employs a large number of people. Hence, the revival is expected to materialize after 2023. Also, working in coworking and flexible offices has not only become a new standard, but it has also become an expected and preferred workplace of the current workforce. High- and fast-growing coworking spaces are evidenced by the fact that even large and established companies have increasingly taken up offshore office spaces in coworking locations to retain and attract talent. Businesses have brought new attention to progressing office environments, whether employee well-being or productivity. HVAC systems augment traditional ventilation and air cleaning systems that come standard in office buildings by adding more robust air cleaning elements. It helps to improve employee productivity and protects against airborne pathogens.

INDUSTRY RESTRAINTS

Turbulent Europe Political and Trade Relations

In 2022, the UK signed the post-Brexit trade deal with the European Union (EU), which was projected to have multifaceted impacts on the UK economy. This change was expected to impact trade flows relating to the EU and the UK, as well as migration flows, regulation, foreign direct investment, the financial sector, science and education, and other regions of the UK economy. Also, as regulations regarding energy consumption continue to evolve, vendors may find it challenging to ensure a sustainable presence in the market. Due to a highly competitive market, research and development (R&D) investments in the Europe HVAC maintenance and services market are limited, with the most substantial investments from large vendors. Moreover, the short time-to-market and focus on acceptance of new technologies have added to the challenges of HVAC vendors. R&D investments focus more on cost drops in the production method and improving existing technologies for value addition than on developing new products.

SEGMENTATION INSIGHTS

INSIGHTS BY SERVICE MODEL

The Europe HVAC maintenance and services market by service model is segmented into maintenance & repair, installation, replacement, and consulting. The maintenance & repair segment holds the most significant segmental market share. Several factors contribute to the growth of the segmental share; these include the increasing installation of HVAC systems in residential, commercial, and industrial buildings, strict regulations mandating regular maintenance, inspection of HVAC equipment for energy efficiency, and safety compliance. Furthermore, HVAC systems should be maintained periodically, such as changing filters and belts, greasing bearings, and making adjustments due to wear and tear to keep them running properly and effectively. One convincing rationale for timely HVAC preventive maintenance is the potential for substantial savings on user utility bills. When an HVAC unit operates at peak efficiency, it does not overexert itself, which helps to reduce energy consumption. Moreover, the Europe Department of Energy suggests that this efficiency boost can translate into significant savings, potentially slashing end-user energy costs by 30%. Embracing HVAC preventative maintenance is not only for efficiency but also helps to foster healthier IAQ. The potential savings from improved energy efficiency can be significant. The European Department of Energy suggests that end-user energy costs could be slashed by up to 30% by embracing HVAC preventative maintenance.

Segmentation by Service Model

  • Maintenance & Repair
  • Installation
  • Replacement
  • Consulting

INSIGHTS BY EQUIPMENT

HVAC refers to heating, ventilation, cooling, collective heating, and cooling technologies used in residential buildings, industrial sectors, commercial places, and public utility buildings. The HVAC market can be divided into three categories based on functionality: heating, ventilation, and air conditioning. The heating segment holds the largest share of the Europe HVAC maintenance and services market and is projected to CAGR of over 5.92% during the forecast period. Also, the heating equipment sector is characterized by intense competition, as it has extreme traction in the region's cold climatic conditions. Many European residential buildings use central heating systems, which distribute heat throughout the entire building from a single heat source. Various energy sources, including electricity, natural gas, oil, and district heating, can power these heating systems. The heating equipment is generally fragmented; therefore, the industry is characterized by many local/domestic vendors.

Segmentation by Equipment Type

  • Heating
  • Air Conditioning
  • Ventilation

INSIGHTS BY SERVICE TYPE

The Europe HVAC maintenance and services market by service type is segmented into Manufacturer-Authorized Service Providers, HVAC contractors, and others. Manufacturer Authorized Service Providers (MASPs) in the HVAC industry are companies or individuals officially approved and certified by HVAC equipment manufacturers to service, repair, and maintain their products. The Manufacturer-Authorized Service Providers segment holds the largest segmental market share in 2023. MASPs are gaining more attention from end users for several compelling reasons associated closely with the evolving expectations of residential and commercial customers. Some reasons behind the segmental market growth are:
  • Expertise and Specialized Training: MASPs receive ongoing training directly from manufacturers, ensuring they have the latest information and skills to handle specific systems.
  • Assurance of Quality: End users increasingly seek quality assurance in HVAC maintenance and repair. MASPs use authentic parts and follow manufacturer-specified protocols, offering a higher level of service that contributes to the longevity and efficiency of HVAC systems.
Other major attractive factors are warranty preservation, access to the latest technologies, customized service agreements, and consumer awareness and expectations to support segmental growth. The combination of these factors contributes to the increasing attention from end users toward MASPs.

Segmentation by Service Type

  • Manufacturer Authorized Service Providers
  • HVAC Contractors
  • Others

INSIGHTS BY END-USER

The Europe HVAC maintenance and services market by end-user is segmented into residential, commercial, and others. The residential segment holds the most prominent market share in 2023. The rise in construction of pools in high-rise buildings, enhancing the resale value prospect, disposable income, growing awareness of geothermal energy, the use of HVAC systems using renewable resources, and rising concern for sustainability and eco-friendly are expected to drive the market over the next five years in the residential sector.

Segmentation by End Users

  • Residential
  • Commercial
  • Others

REGIONAL ANALYSIS

The Western region dominated Europe's HVAC maintenance and services market share, valued at over USD 9 billion in 2023. Major factors spiking the sales of HVAC equipment in Europe are rising average construction spending, increasing retail building construction projects, rising government spending on sustainable building development, industrial developments, rapid urbanization, changing climatic conditions, and growth in disposable income across European countries. Government regulations regarding eco-friendly refrigerants and energy-efficiency smart HVAC systems are expected to increase the demand for HVAC, particularly in Germany, the UK, France, and Italy, due to the construction of buildings. Also, from a demand perspective, air conditioning systems lead the market in Western Europe as the temperature rises in urban cities due to pollution, urbanization, and other similar factors.

Furthermore, several Northern and Central European countries experience harsh cold weather yearly. Changing weather conditions and poor air quality maintenance determine the annual consumption pattern of HVAC equipment in European countries. Most HVAC maintenance and service market manufacturers invest in innovations to gain a competitive advantage. Also, sales of energy-efficient equipment grew in the last four years due to EU directives pushing all stakeholders in the industry to invest in sustainable operating models.

Segmentation by Geography

  • Western Europe
    • Germany
    • France
    • UK
    • Italy
    • Netherlands
    • Spain
    • Belgium
  • Nordic
    • Norway
    • Denmark
    • Sweden
    • Finland
  • Central & Eastern Europe (CEE)
    • Russia
    • Poland & Austria
    • Hungary
    • Czech Republic

VENDOR LANDSCAPE

The existence of many market participants in each country and product category characterizes the Europe HVAC maintenance and services industry. The HVAC industry benefits from large government incentives to end-users, with government objectives meeting carbon emission targets and other climate change control measures. Government schemes stimulated the demand for energy-efficient equipment. Also, with technological upheaval, the industry has seen an influx of affordable systems. Vendors that have advanced technology and meet standards set from an ecological perspective have a competitive edge over other vendors. Hence, although sustainability is a major factor in the HVAC industry, incorporating technology and statutory standards is a step ahead in the competitive market.

Key Company Profiles

  • Aldes
  • AquaCal
  • Daikin
  • Johnson Controls
  • Mitsubishi Electric
  • Ostberg
  • Pentair
  • Robert Bosch
  • Rheem Manufacturing Company
  • Samsung
  • Siemens AG
  • Systemair
  • Zehnder

Other Prominent Vendors

  • Trane Europe
  • SWEP International
  • One Hour Heating & Air Conditioning
  • Sears Home Services
  • Aire Serv
  • Climate Control Heating & Air Conditioning
  • Carrier
  • Honeywell International Inc
  • LG
  • Panasonic
  • Midea
  • Regal
  • Raytheon Technologies
  • Flakt Group
  • Swegon
  • VTS Group
  • Nuaire
  • Nortek
  • Alfa Laval
  • Hitachi
  • LU-VE
  • Vent-Axia
  • Rosenberg
  • S & P
  • Wolf
  • CIAT
  • AL-KO GROUP
  • Dynair
  • Danfoss
  • Lennox
  • Backer Springfield
  • Dunhambush
  • TCL
  • Trox
  • Vaillant Group
  • Ingersoll Rand
  • Camfil

KEY QUESTIONS ANSWERED

1. How big is the Europe HVAC maintenance and services market?
2. Which region dominated the Europe HVAC maintenance and services market share?
3. What is the growth rate of the Europe HVAC maintenance and services market?
4. What are the significant trends in the European HVAC maintenance and services industry?
5. Who are the key players in the Europe HVAC maintenance and services market?

Table of Contents

1 Scope & Coverage
1.1 Market Definition
1.1.1 Inclusions
1.1.2 Exclusions
1.1.3 Market Estimation Caveats
1.2 Segment Covered & Definitions
1.2.1 Market Segmentation by Service Model
1.2.2 Market Segmentation by Service Type
1.2.3 Market Segmentation by Equipment
1.2.4 Market Segmentation by End-user
1.3 Market Derivation
1.3.1 Base Year
2 Premium Insights
2.1 Opportunity Pockets
2.2 Overview
2.2.1 Market Trends, Enablers, & Constraints
2.2.2 Market Segmentation by Equipment
2.2.3 Market by Service Model
2.2.4 Market by Service Type
2.2.5 Market Segmentation by End-user
2.2.6 Growth Strategy of Key Vendors
3 Market at a Glance
4 Introduction
4.1 Overview
4.1.1 Cost Analysis
4.1.2 Key Insights for Enhanced Comfort and Energy Savings
4.1.3 HVAC Dynamics: Strategies for Superior Climate Control
4.1.4 Pros of HVAC Maintenance and Service
4.1.5 Cons of HVAC Maintenance and Service
4.1.6 End-user Budget Preference
4.1.7 High-End Market
4.1.8 Medium-End Market
4.1.9 Low-End Market
4.1.10 Key Insights for HVAC System
4.1.11 Risk Management
4.1.12 Profit Margins
4.2 Government Regulations Promoting HVAC Systems
4.2.1 Overview
4.2.2 Repowereu Plan Contribution to HVAC Market
4.2.3 Advantages of Repowereu Plan
4.3 Primary Selling Points
4.4 Key Competitive Highlights
4.5 Key Insights of Demand for HVAC Systems
4.6 Demand from Commercial Spaces
5 Market Opportunities & Trends
5.1 Emergence of IoT and Product Innovations to Aid Replacements
5.2 Replacement of Existing Equipment with Energy-Efficient Ones
5.3 Climatic Conditions and Heatwaves Propel Demand for HVAC System
6 Market Growth Enablers
6.1 Rise in Commercial Construction and Projects
6.1.1 Increase in Demand for HVAC Systems in Coworking Spaces
6.2 Airport Modernization
6.3 Growing Vrf Systems
6.4 Favorable Government Policies and Incentives
6.5 Demand for Low Gwp Refrigerant Solutions in Heating Equipment
7 Market Restraints
7.1 Turbulent Political and Trade Relations
7.2 High Installation and Upfront Costs
7.3 Lack of Skilled Labor
7.4 Stringent Regulations
8 Market Landscape
8.1 Market Overview
8.1.1 Highlights
8.2 Market Size & Forecast
8.3 Five Forces Analysis
8.3.1 Threat of New Entrants
8.3.2 Bargaining Power of Suppliers
8.3.3 Bargaining Power of Buyers
8.3.4 Threat of Substitutes
8.3.5 Competitive Rivalry
9 Service Model
9.1 Market Snapshot & Growth Engine
9.2 Market Overview
9.2.1 Types of HVAC Services
9.3 Maintenance & Repair
9.3.1 Market Overview
9.3.2 Key Highlights for HVAC Maintenance and Repair
9.3.3 Market Size & Forecast
9.3.4 Market by Geography
9.4 Installation
9.4.1 Market Overview
9.4.2 Market Size & Forecast
9.4.3 Market by Geography
9.5 Replacement
9.5.1 Market Overview
9.5.2 Market Size & Forecast
9.5.3 Market by Geography
9.6 Consulting
9.6.1 Market Overview
9.6.2 Market Size & Forecast
9.6.3 Market by Geography
10 Equipment
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.2.1 Key Insights
10.3 Heating
10.3.1 Market Overview
10.3.2 Heat Pump
10.3.3 Boiler Unit
10.3.4 Furnace
10.3.5 Market Size & Forecast
10.3.6 Market by Geography
10.4 Air Conditioning
10.4.1 Market Overview
10.4.2 Rac
10.4.3 Cac
10.4.4 Chiller
10.4.5 Heat Exchanger
10.4.6 Key Takeaways
10.4.7 Market Size & Forecast
10.4.8 Market by Geography
10.5 Ventilation
10.5.1 Market Overview
10.5.2 Market Dynamics of Ventilation Equipment
10.5.3 Air Handling Unit (Ahu)
10.5.4 Air Filter
10.5.5 Humidifier & Dehumidifier
10.5.6 Fan Coil Unit
10.5.7 Market Size & Forecast
10.5.8 Market by Geography
11 Service Type
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Manufacturer Authorized Service Providers
11.3.1 Market Overview
11.3.2 Market Size & Forecast
11.3.3 Market by Geography
11.4 HVAC Contractors
11.4.1 Market Overview
11.4.2 Market Size & Forecast
11.4.3 Market by Geography
11.5 Others
11.5.1 Market Overview
11.5.2 Market Size & Forecast
11.5.3 Market by Geography
12 End-user
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Residential
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market by Geography
12.4 Commercial
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market by Geography
12.5 Others
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market by Geography
13 Geography
13.1 Market Snapshot & Growth Engine
13.2 Geographic Overview
13.2.1 Key Driving Factors
13.2.2 Market Dynamics
14 Western Europe
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Service Model
14.3.1 Market Size & Forecast
14.4 Service Type
14.4.1 Market Size & Forecast
14.5 Equipment
14.5.1 Market Size & Forecast
14.6 End-user
14.6.1 Market Size & Forecast
14.7 Key Countries
14.7.1 Germany: Market Size & Forecast
14.7.2 France: Market Size & Forecast
14.7.3 UK: Market Size & Forecast
14.7.4 Italy: Market Size & Forecast
14.7.5 Netherlands: Market Size & Forecast
14.7.6 Spain: Market Size & Forecast
14.7.7 Belgium: Market Size & Forecast
15 Nordic
15.1 Market Overview
15.2 Market Size & Forecast
15.3 Service Model
15.3.1 Market Size & Forecast
15.4 Service Type
15.4.1 Market Size & Forecast
15.5 Equipment
15.5.1 Market Size & Forecast
15.6 End-user
15.6.1 Market Size & Forecast
15.7 Key Countries
15.7.1 Norway: Market Size & Forecast
15.7.2 Denmark: Market Size & Forecast
15.7.3 Sweden: Market Size & Forecast
15.7.4 Finland: Market Size & Forecast
16 Central & Eastern Europe (Cee)
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Service Model
16.3.1 Market Size & Forecast
16.4 Service Type
16.4.1 Market Size & Forecast
16.5 Equipment
16.5.1 Market Size & Forecast
16.6 End-user
16.6.1 Market Size & Forecast
16.7 Key Countries
16.7.1 Russia: Market Size & Forecast
16.7.2 Poland: Market Size & Forecast
16.7.3 Hungary: Market Size & Forecast
16.7.4 Czech Republic: Market Size & Forecast
17 Competitive Landscape
17.1 Competition Overview
17.2 Growth Strategy of Key Vendors
17.3 Europe Dynamics of HVAC Technology and Competencies
17.4 HVAC System Norms and Regulations
18 Key Company Profiles
18.1 Aldes
18.1.1 Business Overview
18.1.2 Product Offerings
18.1.3 Key Strategies
18.1.4 Key Strengths
18.1.5 Key Opportunities
18.2 Aquacal
18.2.1 Business Overview
18.2.2 Product Offerings
18.2.3 Key Strategies
18.2.4 Key Strengths
18.2.5 Key Opportunities
18.3 Daikin
18.3.1 Business Overview
18.3.2 Product Offerings
18.3.3 Key Strategies
18.3.4 Key Strengths
18.3.5 Key Opportunities
18.4 Johnson Controls
18.4.1 Business Overview
18.4.2 Product Offerings
18.4.3 Key Strategies
18.4.4 Key Strengths
18.4.5 Key Opportunities
18.5 Mitsubishi Electric
18.5.1 Business Overview
18.5.2 Product Offerings
18.5.3 Key Strategies
18.5.4 Key Strengths
18.5.5 Key Opportunities
18.6 Ostberg
18.6.1 Business Overview
18.6.2 Product Offerings
18.6.3 Key Strategies
18.6.4 Key Strengths
18.6.5 Key Opportunities
18.7 Pentair
18.7.1 Business Overview
18.7.2 Product Offerings
18.7.3 Key Strategies
18.7.4 Key Strengths
18.7.5 Key Opportunities
18.8 Robert Bosch
18.8.1 Business Overview
18.8.2 Product Offerings
18.8.3 Key Strategies
18.8.4 Key Strengths
18.8.5 Key Opportunities
18.9 Rheem Manufacturing Company
18.9.1 Business Overview
18.9.2 Product Offerings
18.9.3 Key Strategies
18.9.4 Key Strengths
18.9.5 Key Opportunities
18.10 Samsung
18.10.1 Business Overview
18.10.2 Product Offerings
18.10.3 Key Strategies
18.10.4 Key Strengths
18.10.5 Key Opportunities
18.11 Siemens AG
18.11.1 Business Overview
18.11.2 Product Offerings
18.11.3 Key Strategies
18.11.4 Key Strengths
18.11.5 Key Opportunities
18.12 Systemair
18.12.1 Business Overview
18.12.2 Product Offerings
18.12.3 Key Strategies
18.12.4 Key Strengths
18.12.5 Key Opportunities
18.13 Zehnder
18.13.1 Business Overview
18.13.2 Product Offerings
18.13.3 Key Strategies
18.13.4 Key Strengths
18.13.5 Key Opportunities
19 Other Prominent Vendors
19.1 Trane Europe
19.1.1 Business Overview
19.1.2 Product Offerings
19.2 Swep International
19.2.1 Business Overview
19.2.2 Product Offerings
19.3 One Hour Heating & Air Conditioning
19.3.1 Business Overview
19.3.2 Product Offerings
19.4 Sears Home Services
19.4.1 Business Overview
19.4.2 Product Offerings
19.5 Aire Serv
19.5.1 Business Overview
19.5.2 Product Offerings
19.6 Climate Control Heating & Air Conditioning
19.6.1 Business Overview
19.6.2 Product Offerings
19.7 Carrier
19.7.1 Business Overview
19.7.2 Product Offerings
19.8 Honeywell International Inc.
19.8.1 Business Overview
19.8.2 Product Offerings
19.9 Lg
19.9.1 Business Overview
19.9.2 Product Offerings
19.10 Panasonic
19.10.1 Business Overview
19.10.2 Product Offerings
19.11 Midea
19.11.1 Business Overview
19.11.2 Product Offerings
19.12 Regal
19.12.1 Business Overview
19.12.2 Product Offerings
19.13 Raytheon Technologies
19.13.1 Business Overview
19.13.2 Product Offerings
19.14 Flakt Group
19.14.1 Business Overview
19.14.2 Product Offerings
19.15 Swegon
19.15.1 Business Overview
19.15.2 Product Offerings
19.16 Vts Group
19.16.1 Business Overview
19.16.2 Product Offerings
19.17 Nuaire
19.17.1 Business Overview
19.17.2 Product Offerings
19.18 Nortek
19.18.1 Business Overview
19.18.2 Product Offerings
19.19 Alfa Laval
19.19.1 Business Overview
19.19.2 Product Offerings
19.20 Hitachi
19.20.1 Business Overview
19.20.2 Product Offerings
19.21 Lu-Ve
19.21.1 Business Overview
19.21.2 Product Offerings
19.22 Vent-Axia
19.22.1 Business Overview
19.22.2 Product Offerings
19.23 Rosenberg
19.23.1 Business Overview
19.23.2 Product Offerings
19.24 S & P
19.24.1 Business Overview
19.24.2 Product Offerings
19.25 Wolf
19.25.1 Business Overview
19.25.2 Product Offerings
19.26 Ciat
19.26.1 Business Overview
19.26.2 Product Offerings
19.27 Al-Ko Group
19.27.1 Business Overview
19.27.2 Product Offerings
19.28 Dynair
19.28.1 Business Overview
19.28.2 Product Offerings
19.29 Danfoss
19.29.1 Business Overview
19.29.2 Product Offerings
19.30 Lennox
19.30.1 Business Overview
19.30.2 Product Offerings
19.31 Backer Springfield
19.31.1 Business Overview
19.31.2 Product Offerings
19.32 Dunhambush
19.32.1 Business Overview
19.32.2 Product Offerings
19.33 Tcl
19.33.1 Business Overview
19.33.2 Product Offerings
19.34 Trox
19.34.1 Business Overview
19.34.2 Product Offerings
19.35 Vaillant Group
19.35.1 Business Overview
19.35.2 Product Offerings
19.36 Ingersoll Rand
19.36.1 Business Overview
19.36.2 Product Offerings
19.37 Camfil
19.37.1 Business Overview
19.37.2 Product Offerings
20 Report Summary
20.1 Key Takeaways
20.2 Strategic Recommendations
21 Quantitative Summary
21.1 Market by Geography
21.2 Service Model
21.2.1 Market Size & Forecast
21.3 Service Type
21.3.1 Market Size & Forecast
21.4 Equipment
21.4.1 Market Size & Forecast
21.5 End-user
21.5.1 Market Size & Forecast
22 Appendix
22.1 Research Methodology
22.2 Research Process
22.3 Report Assumptions & Caveats
22.3.1 Key Caveats
22.3.2 Currency Conversion
22.4 Abbreviations
List of Exhibits
Exhibit 1 Market Size Calculation Approach (2023)
Exhibit 2 HVAC Maintenance & Service Costs ($) (2023)
Exhibit 3 Type of HVAC Unit Costs (2023)
Exhibit 4 Several Advantages of Proper HVAC Installations
Exhibit 5 Several Advantages of Proper HVAC Installations
Exhibit 6 Structured Approach to Profitability Goal
Exhibit 7 Policy Framework for Energy Efficiency HVAC Systems
Exhibit 8 Key Benefits of Repowereu Plan
Exhibit 9 Primary Selling Points of Europe HVAC Market
Exhibit 10 Insights for Hotel Construction in European Countries (2023)
Exhibit 11 Impact of Emergence of IoT and Product Innovations to Aid Replacements
Exhibit 12 Some Modern Technology of IoT for HVAC Systems
Exhibit 13 Benefits of Smart IoT Systems
Exhibit 14 Impact of Replacement of Existing Equipment with Energy-Efficient Ones
Exhibit 15 List of Environmental Pollution Caused by Traditional HVAC Systems
Exhibit 16 Advanced Energy-Efficient HVAC Technologies
Exhibit 17 Impact of Climatic Conditions and Heatwaves Propel Demand for HVAC System
Exhibit 18 Top European Countries Temperature Levels by 2022 (°F)
Exhibit 19 Impact of Rise in Commercial Construction and Projects
Exhibit 20 Upcoming Europe Railway Infrastructure Projects (2023-2024) $Billion
Exhibit 21 Five Largest Data Center Construction Projects Initiated 2022-2024 ($ Million)
Exhibit 22 Impact of Airport Modernization
Exhibit 23 Europe Countries Passenger Traffic Growth in March 2023 (Yoy)
Exhibit 24 Impact of Growing Vrf Systems
Exhibit 25 Key Advantages of Variable Refrigerant Flow (Vrf) Systems
Exhibit 26 Key Highlights of Variable Refrigerant Flow (Vrf) Systems (2022)
Exhibit 27 Impact of Favorable Government Policies and Incentives
Exhibit 28 Impact of Demand for Low Gwp Refrigerant Solutions in Heating Equipment
Exhibit 29 Impact of Turbulent Political and Trade Relations
Exhibit 30 Impact of High Installation and Upfront Costs
Exhibit 31 Impact of Lack of Skilled Labor
Exhibit 32 Labor Benefits Measures Taken by Various Agencies and Organizations
Exhibit 33 Impact of Stringent Regulations
Exhibit 34 Government Plan for Energy Consumption Reduction
Exhibit 35 Growth Strategies for Vendors in Europe HVAC Service Market
Exhibit 36 Energy Consumption Rate of Building Sector (2023)
Exhibit 37 Factors Influencing Preference for HVAC Systems
Exhibit 38 Europe HVAC Maintenance & Service Market 2020-2029 ($ Billion)
Exhibit 39 Five Forces Analysis (2023)
Exhibit 40 Incremental Growth by Service Model (2023 & 2029)
Exhibit 41 Revenue and Incremental Growth of Service Model Segment
Exhibit 42 Three Approaches for HVAC Preventive Maintenance
Exhibit 43 Advantages of HVAC Maintenance
Exhibit 44 Europe HVAC Maintenance & Repair Market 2020-2029 ($ Billion)
Exhibit 45 Europe HVAC Installation Market 2020-2029 ($ Billion)
Exhibit 46 Advantages of HVAC Installations
Exhibit 47 Average Cost for Replacing an HVAC System
Exhibit 48 Europe HVAC Replacement Market 2020-2029 ($ Billion)
Exhibit 49 Advantages of HVAC System Replacement
Exhibit 50 Additional Benefits of Working with HVAC Consultants
Exhibit 51 HVAC Consulting Market in Europe 2020-2029 ($ Billion)
Exhibit 52 Incremental Growth by Equipment (2023 & 2029)
Exhibit 53 Global Heat Pump Sales in 2023 (% Share)
Exhibit 54 Key Factors Favoring Demand for Heat Pumps
Exhibit 55 Europe Heating Equipment Maintenance & Service Market 2020-2029 ($ Billion)
Exhibit 56 Application of Chillers in Commercial Sector
Exhibit 57 Various Types of Heat Exchangers
Exhibit 58 Factor Driving Heat Exchanger Market
Exhibit 59 Air Conditioning Maintenance & Service Market in Europe 2020-2029 ($ Billion)
Exhibit 60 Ventilation Equipment Maintenance & Service Market in Europe 2020-2029 ($ Billion)
Exhibit 61 Incremental Growth by Service Type (2023 & 2029)
Exhibit 62 Revenue and Incremental Growth of Service Type Segment
Exhibit 63 Value to Customers
Exhibit 64 Major HVAC Manufacturer Authorized Service Providers
Exhibit 65 Europe Manufacturer Authorized Service Providers HVAC Maintenance & Service Market 2020-2029 ($ Billion)
Exhibit 66 Key Customer Service
Exhibit 67 Europe HVAC Contractors Market 2020-2029 ($ Billion)
Exhibit 68 Other HVAC Service Type Market in Europe 2020-2029 ($ Billion)
Exhibit 69 Incremental Growth by End-user (2023 & 2029)
Exhibit 70 Europe Residential HVAC Maintenance and Service Market 2020-2029 ($ Billion)
Exhibit 71 Ideal Recommendations for Commercial Heating Equipment
Exhibit 72 Europe Commercial HVAC Maintenance and Service Market 2020-2029 ($ Billion)
Exhibit 73 Other End-users of HVAC Systems
Exhibit 74 Europe Others HVAC Maintenance and Service Market 2020-2029 ($ Billion)
Exhibit 75 Incremental Growth by Geography (2023 & 2029)
Exhibit 76 Europe Commission - Spring 2022 Economic Forecast
Exhibit 77 Western Europe HVAC Maintenance and Service Market 2020-2029 ($ Billion)
Exhibit 78 Incremental Growth in Western Europe (2023 & 2029)
Exhibit 79 HVAC Maintenance and Service Market in Germany 2020-2029 ($ Billion)
Exhibit 80 HVAC Maintenance and Service Market in France 2020-2029 ($ Billion)
Exhibit 81 UK HVAC Maintenance and Service Market 2020-2029 ($ Billion)
Exhibit 82 HVAC Maintenance and Service Market in Italy 2020-2029 ($ Billion)
Exhibit 83 HVAC Maintenance and Service Market in Netherlands 2020-2029 ($ Billion)
Exhibit 84 Yoy Percentage Change in Construction in Netherlands 2021-2022 (%)
Exhibit 85 HVAC Maintenance and Service Market in Spain 2020-2029 ($ Billion)
Exhibit 86 Sales of Heat Pumps in Belgium (2019-2023)
Exhibit 87 HVAC Maintenance and Service Market in Belgium 2020-2029 ($ Billion)
Exhibit 88 Energy Bill Savings for Households Switching to Heat Pump from Gas Boiler ($)
Exhibit 89 HVAC Maintenance and Service Market in Nordic 2020-2029 ($ Billion)
Exhibit 90 Incremental Growth in Nordic (2023 & 2029)
Exhibit 91 HVAC Maintenance and Service Market in Norway 2020-2029 ($ Billion)
Exhibit 92 HVAC Maintenance and Service Market in Denmark 2020-2029 ($ Billion)
Exhibit 93 Production of Apartments & Small Houses in Sweden 2016-2022 ($ Billion)
Exhibit 94 Number of Sales of Brine-To-Water Air-To-Water and Exhaust Air Heat Pumps in Sweden
Exhibit 95 HVAC Maintenance and Service Market in Sweden 2020-2029 ($ Billion)
Exhibit 96 HVAC Maintenance and Service Market in Finland 2020-2029 ($ Billion)
Exhibit 97 HVAC Maintenance and Service Market in Cee 2020-2029 ($ Billion)
Exhibit 98 Incremental Growth in Cee (2023 & 2029)
Exhibit 99 HVAC Maintenance and Service Market in Russia 2020-2029 ($ Billion)
Exhibit 100 Five Largest High-Rise Apartments Projects in Russia 2022-2024 ($ Million)
Exhibit 101 HVAC Maintenance and Service Market in Poland 2020-2029 ($ Billion)
Exhibit 102 HVAC Maintenance and Service Market in Hungary 2020-2029 ($ Billion)
Exhibit 103 Number of Building Permits Issued for Residential Property Construction in Hungary (1,000 Units)
Exhibit 104 HVAC Maintenance and Service Market in Czech Republic 2020-2029 ($ Billion)
Exhibit 105 Insights of Major Vendors
Exhibit 106 Criteria for Success in HVAC Market
Exhibit 107 Brand Portfolio of Johnson Controls
Exhibit 108 Key Caveats
List of Tables
Table 1 European Price Range of HVAC Repair and Maintenance Services (2023)
Table 2 Competitive Overview of Europe HVAC Market
Table 3 European Countries Heating Degree Days 2021-2022 (Fahrenheit (F))
Table 4 European Countries Cooling Degree Days 2021-2022 (Fahrenheit (F))
Table 5 Cost of Heating Equipment (2022)
Table 6 Breakdown of Average Costs for Common HVAC Maintenance Tasks
Table 7 Repair Costs of HVAC Breakdown by Parts
Table 8 Europe HVAC Maintenance & Repair Market by Geography 2023-2029 ($ Billion)
Table 9 Europe HVAC Installation Market by Geography 2023-2029 ($ Billion)
Table 10 Europe HVAC Replacement Market by Geography 2023-2029 ($ Billion)
Table 11 Europe HVAC Consulting Market by Geography 2023-2029 ($ Billion)
Table 12 Installation Cost of Heat Pump Technology
Table 13 Installation Cost of Boiler System Cost (USD)
Table 14 Europe Heating Equipment Maintenance & Service Market by Geography 2023-2029 ($ Billion)
Table 15 Installation Cost of Air Conditioner Technology
Table 16 Europe Air Conditioning Maintenance & Service Market by Geography 2023-2029 ($ Billion)
Table 17 Europe Ventilation Equipment Maintenance & Service Market by Geography 2023-2029 ($ Billion)
Table 18 Europe Manufacturer Authorized Service Providers Market by Geography 2023-2029 ($ Billion)
Table 19 Europe HVAC Contractors Market by Geography 2023-2029 ($ Billion)
Table 20 Europe Other HVAC Service Type Market by Geography 2023-2029 ($ Billion)
Table 21 Europe Residential Construction Projects (2022-2024)
Table 22 Europe Residential HVAC Maintenance and Service Market by Geography 2023-2029 ($ Billion)
Table 23 Europe Office Building Construction Projects (2022-2024)
Table 24 Five Largest Airport Infrastructure Construction in Europe 2021-2025 ($ Million)
Table 25 Five Largest Hotel Construction Projects in Europe
Table 26 Five Largest Hospital Construction Projects in Europe 2022-2030 ($ Million)
Table 27 Five Largest Educational Facilities Construction Projects in Europe 2022-2030 ($ Million)
Table 28 Europe Commercial HVAC Maintenance and Service Market by Geography 2023-2029 ($ Billion)
Table 29 Retail Building Construction Projects in Europe (2022)
Table 30 Europe Others HVAC Maintenance and Service Market by Geography 2023-2029 ($ Billion)
Table 31 Ongoing European Retail Building Construction Projects (2022-2025)
Table 32 Western Europe HVAC Maintenance & Service Market by Service Model 2023-2029 ($ Billion)
Table 33 Western Europe HVAC Maintenance & Service Market by Service Type 2023-2029 ($ Billion)
Table 34 Western Europe HVAC Maintenance and Service Market by Equipment 2023-2029 ($ Billion)
Table 35 Western Europe HVAC Maintenance and Service Market by End-user 2023-2029 ($ Billion)
Table 36 Five Healthcare Building Construction Projects
Table 37 Nordic HVAC Maintenance & Service Market by Service Model 2023-2029 ($ Billion)
Table 38 Nordic HVAC Maintenance & Service Market by Service Type 2023-2029 ($ Billion)
Table 39 Nordic HVAC Maintenance & Service Market by Equipment 2023-2029 ($ Billion)
Table 40 Nordic HVAC Maintenance & Service Market by End-user 2023-2029 ($ Billion)
Table 41 Top Five Largest Construction Projects Initiated 2022-2024 ($ Million)
Table 42 Cee HVAC Maintenance & Service Market by Service Model 2023-2029 ($ Billion)
Table 43 Cee HVAC Maintenance & Service Market by Service Type 2023-2029 ($ Billion)
Table 44 Cee HVAC Maintenance & Service Market by Equipment 2023-2029 ($ Billion)
Table 45 Cee HVAC Maintenance & Service Market by End-user 2023-2029 ($ Billion)
Table 46 Completed & New Construction Statistics for Poland (2022-2024)
Table 47 Top Five Largest Construction Projects Initiated 2022-2024 ($ Million)
Table 48 Aldes: Major Product Offerings
Table 49 Aquacal: Major Product Offerings
Table 50 Daikin: Major Product Offerings
Table 51 Acquisitions of Johnson Controls
Table 52 Business Service Solutions by Johnson Controls
Table 53 Johnson Controls: Major Product Offerings
Table 54 Mitsubishi Electric: Major Product Offerings
Table 55 Ostberg: Major Product Offerings
Table 56 Pentair: Major Product Offerings
Table 57 Regional Employees and Locations of Robert Bosch
Table 58 Robert Bosch: Major Product Offerings
Table 59 Rheem Manufacturing Company: Major Product Offerings
Table 60 Samsung: Major Product Offerings
Table 61 Siemens AG: Major Product Offerings
Table 62 Systemair: Major Product Offerings
Table 63 Zehnder: Major Product Offerings
Table 64 Trane Europe: Major Product Offerings
Table 65 Swep International: Major Product Offerings
Table 66 One Hour Heating & Air Conditioning: Major Product Offerings
Table 67 Sears Home Services: Major Product Offerings
Table 68 Aire Serv: Major Product Offerings
Table 69 Climate Control Heating & Air Conditioning: Major Product Offerings
Table 70 Carrier: Major Product Offerings
Table 71 Honeywell International Inc.: Major Product Offerings
Table 72 Lg: Major Product Offerings
Table 73 Panasonic: Major Product Offerings
Table 74 Midea: Major Product Offerings
Table 75 Regal: Major Product Offerings
Table 76 Raytheon Technologies: Major Product Offerings
Table 77 Flakt Group: Major Product Offerings
Table 78 Swegon: Major Product Offerings
Table 79 Vts Group: Major Product Offerings
Table 80 Nuaire: Major Product Offerings
Table 81 Nortek: Major Product Offerings
Table 82 Alfa Laval: Major Product Offerings
Table 83 Hitachi: Major Product Offerings
Table 84 Lu-Ve: Major Product Offerings
Table 85 Vent-Axia: Major Product Offerings
Table 86 Rosenberg: Major Product Offerings
Table 87 S & P: Major Product Offerings
Table 88 Wolf: Major Product Offerings
Table 89 Ciat: Major Product Offerings
Table 90 Al-Ko Group: Major Product Offerings
Table 91 Dynair: Major Product Offerings
Table 92 Danfoss: Major Product Offerings
Table 93 Lennox: Major Product Offerings
Table 94 Backer Springfield: Major Product Offerings
Table 95 Dunhambush: Major Product Offerings
Table 96 Tcl: Major Product Offerings
Table 97 Trox: Major Product Offerings
Table 98 Vaillant Group: Major Product Offerings
Table 99 Ingersoll Rand: Major Product Offerings
Table 100 Camfil: Major Product Offerings
Table 101 Europe HVAC Maintenance and Service Market by Geography 2023-2029 ($ Billion)
Table 102 Europe HVAC Maintenance & Service Market by Service Model 2023-2029 ($ Billion)
Table 103 Europe HVAC Maintenance & Service Market by Service Type 2023-2029 ($ Billion)
Table 104 Europe HVAC Maintenance & Service Market by Equipment 2023-2029 ($ Billion)
Table 105 Europe HVAC Maintenance & Service Market by End-user 2023-2029 ($ Billion)
Table 106 Currency Conversion (2017-2023)

Companies Mentioned

  • Aldes
  • AquaCal
  • Daikin
  • Johnson Controls
  • Mitsubishi Electric
  • Ostberg
  • Pentair
  • Robert Bosch
  • Rheem Manufacturing Company
  • Samsung
  • Siemens AG
  • Systemair
  • Zehnder
  • Trane Europe
  • SWEP International
  • One Hour Heating & Air Conditioning
  • Sears Home Services
  • Aire Serv
  • Climate Control Heating & Air Conditioning
  • Carrier
  • Honeywell International Inc
  • LG
  • Panasonic
  • Midea
  • Regal
  • Raytheon Technologies
  • Flakt Group
  • Swegon
  • VTS Group
  • Nuaire
  • Nortek
  • Alfa Laval
  • Hitachi
  • LU-VE
  • Vent-Axia
  • Rosenberg
  • S & P
  • Wolf
  • CIAT
  • AL-KO GROUP
  • Dynair
  • Danfoss
  • Lennox
  • Backer Springfield
  • Dunhambush
  • TCL
  • Trox
  • Vaillant Group
  • Ingersoll Rand
  • Camfil

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

Loading
LOADING...

Table Information