HVAC Services Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to hvac services market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

HVAC Services Market News

in HVAC Services
  • In March 2025, Daikin launched Daikin360. It is a unified framework that is to bring all Daikin’s services offerings including HVAC services under one brand. It aims to offer a structured, lifecycle-based approach to system management. The brand will improve service visibility and independence across Europe.
  • AE Industrial Partners, in February 2025, launched a national commercial HVAC services platform by investing in United Building Solutions (UBS). UBS has also partnered with Total Comfort Solutions (TCS) to expand into the fast-growing Southeast market. The platform will deliver end-to-end HVAC services, with its focus on retrofits, energy efficiency, and smart technologies.
  • In January 2025, Neighborly, one of the world’s largest home services companies, announced that all 19 of its North American brands were listed in Entrepreneur's 2025 Franchise 500. This was a huge historic achievement for the company. It included Aire Serv, its HVAC services brand, ranking #1 in its categories.
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FAQs

Global HVAC Services market size was valued at USD 75.4 Billion in 2023 and is poised to grow from USD 80.1 Billion in 2024 to USD 129.7 Billion by 2032, growing at a CAGR of 6.21% in the forecast period (2025-2032).

The market is fragmented yet competitive. To remain competitive and relevant in the HVAC services market, major HVAC manufacturers such as Daikin Industries Limited, LG Corporation, United Technologies Corporation (Carrier), etc. have also been providing services for their systems. For example, Daikin recently launched the Daikin360 brand, unifying its service offerings under one platform. Other tactics used by businesses include offering end-to-end lifecycle services, regional service customization, integrating AI and IoT for predictive maintenance, and forming strategic alliances or acquisitions. In order to satisfy shifting consumer demands, businesses also make investments in energy efficiency and sustainability. They also offer digital platforms and technician training to enhance customer satisfaction and retention. 'Daikin Industries Limited (Japan)', 'LG Corporation (South Korea)', 'United Technologies Corporation (Carrier) (US)', 'Johnson Controls International PLC (Ireland)', 'Dr. Energy Saver, Inc (US)', 'Trane Technologies plc (Ireland)', 'EMCOR Group, Inc. (US)', 'Neighborly Company (Aire Serv) (US)', 'Authority Brands (US)', 'Fidelity Building Services Group (United Mechanical) (US)', 'Southland HVAC & Construction (US)', 'National HVAC Services (US)', 'AE Industrial Partners (United Building Solutions) (US)'

Climate change has been a global concern for quite some time now. With this comes the rising temperatures that is observed globally. The World Meteorological Organization (WMO) had confirmed 2024 to be the warmest year on record at about 1.55°C above pre-industrial level. The past ten years 2015-2024 have been the warmest ten years. In lieu of this erratic climate change, heating and cooling systems to tackle the heatwaves and chilly winters have been on major demand.

Focus on Indoor Air Quality (IAQ):

Why is North America Leading HVAC Services Market in 2024?

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Global HVAC Services Market
HVAC Services Market

Report ID: SQMIG20C2116

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