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The global plumbing, heating and airconditioning contractors market size is expected to grow from $1,318.79 billion in 2022 to $1,421.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The global plumbing, heating and air-conditioning contractors market size is expected to reach $1,868.29 billion in 2027 at a CAGR of 7.1%.
Increasing demand for HVAC-equipped commercial and residential structures is expected to boost the growth of the plumbing, heating, and air-conditioning contractors market.
Technological advancement has emerged as a key trend gaining popularity in the plumbing, heating, and air-conditioning contractors market.
North America was the largest region in the plumbing, heating and air-conditioning contractors market in 2022. Asia-Pacific is expected to be the global plumbing, heating and air-conditioning contractors market report fastest-growing region in the forecast period. The regions covered in the global plumbing, heating and air-conditioning contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the plumbing, heating and airconditioning contractors market are:
▪ Siemens Energy & Automation Inc
▪ Honeywell International Inc
▪ LG Corporation
▪ Johnson Controls
▪ Lennox International Inc
▪ And more. Get More Information On The Plumbing, Heating And AirConditioning Contractors Market Report
1. Measure the impact of high global inflation on market growth
2. Outperform competitors using forecast data and the drivers and trends shaping the market
3. Get a comprehensive market sizing report with a truly global perspective covering 60+ geographies from The Business Research Company, with data from 2017 to 2023 and forecasts up to 2032.
4. Assess the Russia-Ukraine war’s impact on commodity supply and its direct and indirect impact on all the markets
5. Benchmark performance against key competitors.