Construction

Global Plumbing, Heating And Air-Conditioning Contractors Market 2025–2029: Competitive Insights and Opportunities

November 13, 2025 by The Business Research Company

Unlock Global Insights – Save 20% on Market Reports with Code ONLINE20

What Market Value Is The Plumbing, Heating And Air-Conditioning Contractors Industry Expected To Reach By 2029, Starting From 2025 Levels?

Recently, the overall scale of the market encompassing plumbing, heating, and air-conditioning contractors has experienced robust expansion. Projections indicate a continued upward trajectory, moving from its current valuation of $1573.93 billion in 2024 to reach $1664.7 billion in 2025, reflecting a consistent annual growth rate calculated at 5.8%. Factors driving this past growth include a surge in construction and real estate activity, concurrent with increased urbanization and a rising global population, widespread building modernization and refurbishment projects, various governmental support and incentive schemes, alongside growing awareness regarding the importance of energy conservation.

Anticipation surrounds the plumbing, heating, and air-conditioning contractors sector, predicting a robust expansion ahead, with its valuation projected to reach $2124.68 billion by 2029, marking a steady compound annual growth rate of 6.3% throughout that timeframe; this upswing is fundamentally fueled by ongoing trends such as increasing urbanization and demographic expansion, the adoption of sustainable construction methods, the incorporation of renewable power sources, and governmental pushes toward enhanced energy conservation, resilience, and readiness for unforeseen catastrophes, while key evolving dynamics within the industry feature difficulties related to staffing and a scarcity of qualified personnel, the shift towards electrically powered HVAC setups, advancements in heat pump innovations, the rise of remote oversight and system management, alongside ever-present demands for adhering to regulatory standards and obtaining necessary credentials.

Unlock Your Free Sample Report for Exclusive Market Data:

https://www.thebusinessresearchcompany.com/sample.aspx?id=9737&type=smp

Which Drivers Are Shaping The Plumbing, Heating And Air-Conditioning Contractors Industry’s Market Share?

Anticipation of greater need for buildings, both for dwellings and businesses, that feature climate control systems is projected to fuel the expansion of the sector comprising contractors specializing in plumbing, heating, and air conditioning services moving ahead. These systems, abbreviated as HVAC, encompass the technology utilized to regulate the circulation of warmed and chilled air within various properties like offices, homes, and indoor arenas. Contractors in this field offer installation and upkeep for the heating, cooling, and water systems within these structures, encompassing everything from putting in entirely new setups to modifying, expanding, or fixing existing ones, all to guarantee occupants experience comfort and that all installed building mechanisms function optimally. To illustrate this trend, data released in May 2023 by the European Heat Pump Association, an organization in Belgium advocating for heat pumps, indicated that roughly three million heat pump units were sold across Europe in 2022, marking an annual sales increase of nearly 38 percent; furthermore, Europe currently has close to twenty million operational heat pumps, representing sixteen percent of the continent’s residential and commercial properties, thus establishing that the rising requirement for HVAC-equipped commercial and residential buildings is the primary catalyst for the burgeoning plumbing, heating, and air-conditioning contractors market.

What Are The Major Segments Identified In The Plumbing, Heating And Air-Conditioning Contractors Market?

The plumbing, heating and air-conditioning contractors market covered in this report is segmented –

1) By Type: Heating, Ventilation, Cooling

2) By Service: Consulting, Installation, Maintenance And Repair, Upgrade Or Replacement

3) By Implementation Type: New Construction, Retrofit Buildings

4) By End User: Residential, Commercial, Industrial

Subsegments:

1) By Heating: Boilers, Furnaces, Heat Pumps, Radiant Heating

2) By Ventilation: Air Handling Units, Exhaust Systems, Ductwork, Ventilation Fans

3) By Cooling: Central Air Conditioning Systems, Ductless Mini-Split Systems, Chillers, Evaporative Coolers

Which Key Trends Are Expected To Influence The Plumbing, Heating And Air-Conditioning Contractors Market In The Coming Years?

A notable emerging pattern within the sphere of plumbing, heating, and air-conditioning contractor services involves the rapid progression of technology. Leading entities within this sector are focusing substantial resources on engineering novel solutions to solidify their competitive footing. As an illustration, in the tenth month of 2023, Carrier Global Corporation, an American firm specializing in HVAC systems, introduced a new series of single-stage split system air conditioners; these units were specifically engineered to adhere to the forthcoming minimum efficiency mandates and testing protocols set by the Department of Energy. The primary objectives behind these new air conditioning models are to boost energy conservation capabilities alongside delivering dependable cooling performance tailored for homeowners. This product unveiling highlights Carrier’s dedication both to innovation and environmental stewardship, guaranteeing adherence to governmental regulations while simultaneously satisfying the escalating consumer need for power-saving cooling apparatus, particularly across the southern and southwestern United States.

Who Are The Key Multinational Companies Dominating The Plumbing, Heating And Air-Conditioning Contractors Market?

Major companies operating in the plumbing, heating and air-conditioning contractors market include Siemens Energy & Automation Inc., Honeywell International Inc., LG Corporation, Johnson Controls International, Lennox International Inc., Carrier Global Corporation, Daikin Industries Ltd., Electrolux Group, Fujitsu General Limited, Robert Bosch GmbH, Nortek Global HVAC, Dr. Energy Saver, The Dwyer Group, One Hour Heating & Air Conditioning, The Home Depot Inc., Watsco Inc., Trane Technologies plc, Air Pros LLC, Lifetime Heating, Cooling and Electric, Balanced Comfort Cooling Heating & Plumbing, Midwest Heating & Cooling, Kennon Heating & Air Conditioning, Radiant Plumbing & Air Conditioning, Holy City Heating and Air LLC, Old Dominion Mechanical LLC

Download The Full Report For Exclusive Market Findings:

https://www.thebusinessresearchcompany.com/report/plumbing-heating-and-air-conditioning-contractors-global-market-report

How Does The Plumbing, Heating And Air-Conditioning Contractors Market Perform Across Key Geographic Regions?

North America was the largest region in the plumbing, heating and air-conditioning contractors’ market in 2024. Asia-Pacific is expected to be the plumbing, heating, and air-conditioning contractors’ market’s fastest-growing region in the forecast period. The regions covered in the plumbing, heating and air-conditioning contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Request A Customized Version Of The Plumbing, Heating And Air-Conditioning Contractors Market Report:

https://www.thebusinessresearchcompany.com/customise?id=9737&type=smp

Browse Through More Reports Similar to the Global Plumbing, Heating And Air-Conditioning Contractors Market 2025, By The Business Research Company

Bathtub Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/bathtub-global-market-report

Bathroom Products Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/bathroom-products-global-market-report

Luxury Bath And Body Products Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/luxury-bath-and-body-products-global-market-report

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795

Asia +44 7882 955267 & +91 8897263534

Europe +44 7882 955267

Email us at [email protected]