Europe HVAC Services Market Size, Share, Analysis & Trends (2025 - 2031)

The European HVAC Services Market Report is Segmented by Type of Service (Maintenance & Repair and Installation), Implementation Type (New Construction and Retrofit Buildings), End User (Residential and Non-Residential), and Country (United Kingdom, Germany, France, Italy, Spain, Nordic, and Central/Eastern/Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Europe HVAC Services Market Size, Share, Analysis & Trends (2025 - 2031)

Europe HVAC Services Market Size

View Global Report
Europe HVAC Services Market Summary
Study Period 2019 - 2031
Base Year For Estimation 2024
Forecast Data Period 2025 - 2031
Market Size (2025) USD 15.72 Billion
Market Size (2031) USD 23.73 Billion
CAGR (2025 - 2031) 7.10 %
Market Concentration Low

Major Players

Europe HVAC Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe HVAC Services Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Europe HVAC Services Market Analysis

The Europe HVAC Services Market size is estimated at USD 15.72 billion in 2025, and is expected to reach USD 23.73 billion by 2031, at a CAGR of 7.1% during the forecast period (2025-2031).

The HVAC services market directly correlates with the HVAC equipment market. Any increase in equipment demand will positively impact the market as higher demand for new equipment leads to higher demand for installation or retrofitting services.

During the pandemic, the need for ventilation systems across European countries significantly increased the demand for HVAC services. Some research suggested that COVID-19 transmission was especially effective in crowded and confined indoor spaces, such as workplaces, offices, factories, and other indoor environments, such as churches, restaurants, shopping malls, and vehicles. Ventilation with outside air has been shown to dilute contaminants in enclosed spaces and increase the time required for exposure to infectious doses.

In addition to its ventilation function, air filtration reduces the risk of virus transmission compared to simply increasing the air exchange rate in a closed space. Therefore, the demand for installation services related to air filters has increased significantly since the COVID-19 pandemic.

The rapid rise in industrialization and urbanization across the region is one of the primary factors driving the market growth. The significant increase in the construction of different industrial, commercial, and residential buildings creates considerable demand for HVAC services.

In emerging countries, especially Germany, the United Kingdom, and France, many people have migrated from rural areas to cities, increasing public and private spending on housing, commercial construction, and industrial infrastructure. The construction of new buildings creates a significant need to install new HVAC equipment, further driving the market growth.

The HVAC industry is experiencing growth and change but needs more skilled labor. An aging workforce in Europe and other regions mainly causes the shortage.

There is a need for policymakers, training providers, and the heating industry in the United Kingdom to address the skills gap to support the country's ambitions for a transition to net zero. Many regional governments are offering tax incentives to encourage the installation of efficient HVAC (heating, ventilation, and air conditioning) equipment. This is part of a more significant effort to reduce carbon emissions and mitigate the impact of climate change. By bolstering current supplies while accelerating the sustainable energy transition, the energy provisions will strengthen energy security and meaningfully reduce emissions, representing an essential step toward a better future.

Europe HVAC Services Market Overview

The European HVAC services market is highly fragmented, and some of the major players in the market are Aggreko PLC, Carrier Corporation, Daikin Industries Ltd, Envirotec Limited, and Flaktgroup. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

  • January 2024: Carrier broadened its line of HVAC products manufactured in India by introducing a variety of AHUs and fan coil units. These units are designed to cater to the varying requirements of commercial buildings in India, offering designed solutions for maintaining healthy indoor environments. The locally produced HVAC products improve availability, extend the range of services, and enhance support for various distribution channels, thus driving the market's growth.
  • January 2024: Daikin Europe NV's subsidiary Daikin Air Conditioning UK Ltd announced the acquisition of Robert Heath Heating Ltd, a British service company. This acquisition strengthened the company's residential heating service network in the United Kingdom. The acquisition supports the company's plans to become a solution provider, ensuring improved customer experiences. This is the company's largest investment in the United Kingdom to date.

Europe HVAC Services Market Leaders

  1. Aggreko PLC

  2. Carrier Corporation

  3. Daikin Industries Ltd

  4. Envirotec Limited

  5. Flaktgroup

  6. *Disclaimer: Major Players sorted in no particular order
Europe HVAC Services Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Europe HVAC Services Market News

  • April 2024: Panasonic Corporation announced the launch of new environmentally friendly HVAC solutions in Europe. In addition, the company leverages innovative technologies and partnerships to meet the growing need for energy-efficient heating, ventilation, and air conditioning HVAC solutions in Europe. The European HVAC division ensures a healthy, sustainable environment, well-being, and comfort.
  • January 2024: Apleona announced the acquisition of Air for All, the ventilation and air conditioning company, to expand its range of technical systems and presence in the southwest region of Germany. Air for All has specialized experience in facilities such as cleanrooms and laboratories for customers in the automotive and healthcare industries.

Europe HVAC Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis​
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Construction Activity
    • 5.1.2 Growing Demand for Replacement and Retrofit Services
  • 5.2 Market Challenges
    • 5.2.1 Shortage of Skilled Labour
    • 5.2.2 Higher Installation Costs of Energy-efficient HVAC Systems

6. MARKET SEGMENTATION

  • 6.1 By Type of Service
    • 6.1.1 Maintenance and Repair
    • 6.1.2 Installation
  • 6.2 By Implementation Type
    • 6.2.1 New Construction
    • 6.2.2 Retrofit Buildings
  • 6.3 By End-user Industry
    • 6.3.1 Residential
    • 6.3.2 Non-residential
  • 6.4 By Country***
    • 6.4.1 United Kingdom
    • 6.4.2 Germany
    • 6.4.3 France
    • 6.4.4 Italy
    • 6.4.5 Spain
    • 6.4.6 Denmark
    • 6.4.7 Norway
    • 6.4.8 Sweden
    • 6.4.9 Finland
    • 6.4.10 Iceland

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 Johnson Controls International PLC
    • 7.1.2 Carrier Corporation (United Technologies)
    • 7.1.3 Crystal Air Holdings Limited
    • 7.1.4 Klima Venta
    • 7.1.5 IAC Vestcold AS
    • 7.1.6 Vaillant Group
    • 7.1.7 Aggreko PLC
    • 7.1.8 AAF International (Daikin Industries Ltd)
    • 7.1.9 Aermec SpA (Giordano Riello International Group SpA)
    • 7.1.10 Daikin Applied Americas Inc.
    • 7.1.11 Air Conditioning Solutions Inc.
    • 7.1.12 Pentair Inc.
    • 7.1.13 Ingersoll Rand PLC
    • 7.1.14 BDR Thermea Group
    • 7.1.15 Spectrum Engineering Limited
    • 7.1.16 Airedale International Air Conditioning Ltd (Modine Manufacturing Company)
    • 7.1.17 Envirotec Limited
    • 7.1.18 Kospel SA

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
***In the final report Denmark, Norway, Sweden, Finland, and Iceland will be studied together as "Nordic"
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Europe HVAC Services Market Industry Segmentation

The market is defined by the revenue generated from services such as heating, ventilation, and air conditioning equipment offered by different market players across Europe for a diverse range of end users.

The European HVAC services market is segmented by type of service (maintenance & repair and installation), implementation type (new construction and retrofit buildings), end user (residential and non-residential), and country (United Kingdom, Germany, France, Italy, Spain, Nordic, and Central/Eastern/Rest of Europe). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

By Type of Service Maintenance and Repair
Installation
By Implementation Type New Construction
Retrofit Buildings
By End-user Industry Residential
Non-residential
By Country*** United Kingdom
Germany
France
Italy
Spain
Denmark
Norway
Sweden
Finland
Iceland
Need A Different Region or Segment?
Customize Now

Europe HVAC Services Market Research FAQs

How big is the Europe HVAC Services Market?

The Europe HVAC Services Market size is expected to reach USD 15.72 billion in 2025 and grow at a CAGR of 7.10% to reach USD 23.73 billion by 2031.

What is the current Europe HVAC Services Market size?

In 2025, the Europe HVAC Services Market size is expected to reach USD 15.72 billion.

Who are the key players in Europe HVAC Services Market?

Aggreko PLC, Carrier Corporation, Daikin Industries Ltd, Envirotec Limited and Flaktgroup are the major companies operating in the Europe HVAC Services Market.

What years does this Europe HVAC Services Market cover, and what was the market size in 2024?

In 2024, the Europe HVAC Services Market size was estimated at USD 14.60 billion. The report covers the Europe HVAC Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe HVAC Services Market size for years: 2025, 2026, 2027, 2028, 2029, 2030 and 2031.

Europe HVAC Services Market Industry Report

Statistics for the 2025 Europe HVAC Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe HVAC Services analysis includes a market forecast outlook for 2025 to 2031 and historical overview. Get a sample of this industry analysis as a free report PDF download.