Market Research Logo

Global HVAC Aftermarket 2017-2021

Global HVAC Aftermarket 2017-2021

About HVAC Aftermarket

The HVAC aftermarket represents the market for spare parts, accessories, and components related to HVAC systems. The aftermarket also includes replacement, maintenance, and repair services. In terms of geographic segmentation, the Americas accounts for the highest revenue in the global market. This is because the region has a large HVAC installed base. In addition, there are regulatory reforms in the region that are modulating HVAC maintenance procedures and encouraging consumers to adopt energy-efficient and environment-friendly HVAC parts and components. The maintenance and repair service is in tandem with the demand for HVAC components and parts, as all equipment require continuous maintenance.

Technavio’s analysts forecast the global HVAC aftermarket to grow at a CAGR of 4.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVAC aftermarket for 2017-2021. To calculate the market size, the report considers the replacement demand for HVAC components and parts as well as maintenance and repair services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global HVAC Aftermarket 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier Corporation
  • Daikin Industries
  • Ingersoll-Rand
  • Johnson Controls
Other prominent vendors
  • Nortek
  • LG Electronics
  • AB Electrolux
  • Emerson Electric
  • Bosch Thermotechnik
  • Fujitsu
  • Haier
  • Lennox International
  • Samsung
  • Siemens
  • Vaillant Group
Market driver
  • Increasing price of HVAC components and parts due to high demand in favorable environment
  • For a full, detailed list, view our report
Market challenge
  • Capital-intensiveness
  • For a full, detailed list, view our report
Market trend
  • Rise in incorporation of building automation systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Global HVAC aftermarket by end-user 2016-2021 ($ billions)
      • Table Global HVAC aftermarket by geography 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global HVAC aftermarket
    • Market size and forecast
      • Table Global HVAC aftermarket 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by End-user
    • Global HVAC aftermarket by end-user
      • Table Global HVAC aftermarket by end-user 2016-2021
    • Non-residential
      • Table Global HVAC aftermarket in non-residential sector 2016-2021 ($ billions)
    • Residential
      • Table Global HVAC aftermarket in residential sector 2016-2021 ($ billions)
  • Geographical segmentation
    • Global HVAC aftermarket by geography
      • Table Global HVAC aftermarket by geography 2016-2021
    • APAC
      • Table HVAC aftermarket in APAC 2016-2021 ($ billions)
    • EMEA
      • Table HVAC aftermarket in EMEA 2016-2021 ($ billions)
    • Americas
      • Table HVAC aftermarket in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Average cost of common types of HVAC equipment
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Skilled manpower gap in US HVAC industry 2012-2022
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Rise in incorporation of building automation systems
    • Emergence of advanced monitoring systems and intelligent technologies
    • Efficient maintenance and personal services for HVAC systems
    • Rise in adoption of smartphones for controlling HVAC devices
    • Shift toward green technology
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in global HVAC aftermarket
    • Other prominent vendors
  • Key vendor analysis
    • Carrier Corporation
    • Daikin Industries
      • Table Products and services by Daikin Industries
    • Ingersoll-Rand
      • Table Product offerings by brands
      • Table Product offerings by Trane
      • Table Service offerings by Trane
    • Johnson Controls
      • Table Product offerings by Johnson Controls
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report