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Global HVAC Aftermarket Market by Heating Equipment (Heat Pumps, Furnaces, Unitary Heaters, Thermostat and Boilers), By Ventilation Equipment (Air-Handling Units, Air Filters, Dehumidifiers, Ventilation Fans, Humidifiers, and Air Purifiers), By Cooling Equipment (Unitary Air Conditioners, VRF Systems, Chillers, Room Air Conditioners, Coolers, Cooling Towers), By HVAC Controllers(Sensors, and Controllers & Controlled Devices), By End-User(Residential and Non-Residential(Commercial and Industrial), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Global HVAC Aftermarket projected to grow due to the low cost of replacement of HVAC components and parts costs and integration of building automation system
Global HVAC aftermarket estimated to grow at a significant rate during the forecast period, 2020-2027. The primary factors are the surge in demand for automation systems (BAS) installations due to its functions such as automatic monitoring, automatic control, automatic adjustment, and automatic management of building electromechanical systems. The introduction of stringent emission compliances, ensuring smarter energy consumption, and energy efficiency standards will complement industry growth. Development of sustainable building codes and standards, development of heating and cooling technologies for residential and industrial establishments, will simultaneously foster the growth of the thermostat market. Additionally, the development of home automation and IoT devices and the infrastructure spending for the refurbishment of residential establishments will stimulate the HVAC Aftermarket size.
Moreover, the growing demand for effective maintenance of HVAC systems can reduce energy costs. These effective factors expected to trigger the HVAC Aftermarket share in the next few years. Furthermore, the requirement of HVAC maintenance to prevent energy performance degradation, reduce energy consumption and costs, and improve equipment life and uptime are key drivers anticipated to foster the growth of the market. Government regulations and need to achieve accuracy, comfort, and safety in controlling and monitoring indoor climates and growth in the global non-residential construction is driving the market along with government policies and legislation for the use of energy-efficient devices.
Also, the implementation of BAS technology for the improvements in sensor technology along with the availability of cheaper and faster communication systems, and improved user interfaces are propelling the growth of HVAC Aftermarket in the future period.
Heating Equipment Overview in the Global HVAC Aftermarket
Based on heating equipment, the global HVAC aftermarket classified into Heat Pumps, Furnaces, Unitary Heaters, Thermostat, and Boilers. The Heat Pumps segment likely to lead the market by 2027, owing to the rapid climate changes and growing need for renewable energy sources, coupled with extensive government support in the form of subsidiaries.
Ventilation Equipment Overview in the Global HVAC Aftermarket
Based on ventilation equipment, the global HVAC aftermarket market segregated into air-handling units, air filters, dehumidifiers, ventilation fans, humidifiers, and air purifiers. The air-handling unit segment witnessed the largest market share in 2019 and will dominate by 2027. It is owing to it is used to outside air, re-condition it, and supply it as fresh air to a building.
Cooling Equipment Overview in the Global HVAC Aftermarket
Based on cooling equipment, the global HVAC aftermarket classified into Unitary Air Conditioners, VRF Systems, Chillers, Room Air Conditioners, Coolers, and Cooling Towers. The VRF Systems segment projected to lead the market by 2027. It is due to VRF provide providing comfort is to supply heating or to cool when and where it is required without swings at room temperature.
End-User Overview in the Global HVAC Aftermarket
By the end-user, the global HVAC aftermarket market bifurcates into residential and non-residential (commercial and industrial). The non-residential segment captured the largest revenue share in 2019 and will dominate by 2027. It is on account of the growing urbanization and a significant amount of usages of HVAC in rooftops of buildings such as shopping malls, hotels, big restaurants, theaters, and commercial offices.
Regional Overview in the Global HVAC Aftermarket
By geography, the Global HVAC Aftermarket segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America held a higher market share in 2019 and will continue its dominance by 2027. It is attributable to the well-established service industry for HVAC and stringent government norms, growing construction activities, and a stable industrial base.
Global HVAC Aftermarket: Competitive Landscape
Companies such as Carrier Corporation, Daikin Industries, Ingersoll-Rand, Johnson Controls, Nortek, LG Electronics, AB Electrolux, Emerson Electric, Bosch Thermotechnik, Fujitsu, Haier, Lennox International, Samsung, Siemens, and Vaillant Group are the key players in the global HVAC aftermarket. 

Global HVAC Aftermarket
Report Content
1.	Research Strategic Development
1.1.	Market Modelling
1.2.	Product Analysis
1.3.	Market Trend and Economic Factors Analysis
1.4.	Market Segmental Analysis
1.5.	Geographical Mapping
1.6.	Country Wise Segregation
2.	Research Methodology
2.1.	Identification of Target Market
2.2.	Data Acquisition 
2.3.	Refining of Data/ Data Transformations
2.4.	Data Validation through Primary Techniques
2.5.	Exploratory Data Analysis
2.6.	Graphical Techniques/Analysis
2.7.	Quantitative Techniques/Analysis
2.8.	Visual Result/Presentation 
3.	Executive Summary
4.	Market Insights
4.1.	Economic Factor Analysis 
4.1.1.	Drivers
4.1.2.	Trends
4.1.3.	Opportunities
4.1.4.	Challenges
4.2.	Technological Landscape
4.3.	Competitors & Product Analysis
4.4.	Regulatory Framework
4.5.	Company market share analysis, 2019
4.6.	Porter's Five forces analysis
4.7.	New Investment Analysis
4.8.	PESTEL Analysis
5.	Global HVAC Aftermarket Overview
5.1.	Market Size & Forecast, 2016-2027
5.1.1.	Demand
5.1.1.1.	By Value (USD Million)
5.2.	Market Share & Forecast, 2016-2027
5.2.1.	By Heating Equipment
5.2.1.1.	Heat Pumps
5.2.1.2.	Furnaces
5.2.1.3.	Unitary Heaters
5.2.1.4.	Thermostat
5.2.1.5.	Boilers
5.2.2.	By Ventilator Equipment
5.2.2.1.	Air-Handling Units
5.2.2.2.	Air Filters
5.2.2.3.	Dehumidifiers
5.2.2.4.	Ventilation Fans
5.2.2.5.	Humidifiers
5.2.2.6.	Air Purifiers
5.2.3.	By Cooling Equipment
5.2.3.1.	Unitary Air Conditioners
5.2.3.2.	VRF Systems
5.2.3.3.	Chillers
5.2.3.4.	Room Air Conditioners
5.2.3.5.	Coolers
5.2.3.6.	Cooling Towers 
5.2.4.	By HVAC Controllers
5.2.4.1.	Sensors
5.2.4.2.	Controllers & Controlled Devices
5.2.5.	By End-User
5.2.5.1.	Residential
5.2.5.2.	Non-Residential
5.2.5.2.1.	Commercial
5.2.5.2.2.	Industrial
5.2.6.	By Region
5.2.6.1.	North America
5.2.6.2.	Europe
5.2.6.3.	Asia Pacific
5.2.6.4.	South America 
5.2.6.5.	Middle East & Africa 
6.	North America HVAC Aftermarket Overview
6.1.	North America HVAC Aftermarket Size & Forecast, 2016-2027
6.1.1.	Demand
6.1.1.1.	By Value (USD Million)
6.2.	North America HVAC Aftermarket Share & Forecast, 2016-2027
6.2.1.	By Heating Equipment
6.2.1.1.	Heat Pumps
6.2.1.2.	Furnaces
6.2.1.3.	Unitary Heaters
6.2.1.4.	Thermostat
6.2.1.5.	Boilers
6.2.2.	By Ventilator Equipment
6.2.2.1.	Air-Handling Units
6.2.2.2.	Air Filters
6.2.2.3.	Dehumidifiers
6.2.2.4.	Ventilation Fans
6.2.2.5.	Humidifiers
6.2.2.6.	Air Purifiers
6.2.3.	By Cooling Equipment
6.2.3.1.	Unitary Air Conditioners
6.2.3.2.	VRF Systems
6.2.3.3.	Chillers
6.2.3.4.	Room Air Conditioners
6.2.3.5.	Coolers
6.2.3.6.	Cooling Towers 
6.2.4.	By HVAC Controllers
6.2.4.1.	Sensors
6.2.4.2.	Controllers & Controlled Devices
6.2.5.	By End-User
6.2.5.1.	Residential
6.2.5.2.	Non-Residential
6.2.5.2.1.	Commercial
6.2.5.2.2.	Industrial
6.2.6.	By Country
6.2.6.1.	US
6.2.6.2.	Canada
6.2.6.3.	Mexico
6.2.7.	Price-Point Analysis
6.2.8.	Manufacturer & Distributor List (Top 5)
6.2.9.	Company Market Share (Top 3-5)
6.2.10.	Economic Impact Study on North America HVAC Aftermarket 
7.	Europe HVAC Aftermarket Overview
7.1.	Europe HVAC Aftermarket Size & Forecast, 2016-2027
7.1.1.	Demand
7.1.1.1.	By Value (USD Million)
7.2.	Europe HVAC Aftermarket Share & Forecast, 2016-2027
7.2.1.	By Heating Equipment
7.2.1.1.	Heat Pumps
7.2.1.2.	Furnaces
7.2.1.3.	Unitary Heaters
7.2.1.4.	Thermostat
7.2.1.5.	Boilers
7.2.2.	By Ventilator Equipment
7.2.2.1.	Air-Handling Units
7.2.2.2.	Air Filters
7.2.2.3.	Dehumidifiers
7.2.2.4.	Ventilation Fans
7.2.2.5.	Humidifiers
7.2.2.6.	Air Purifiers
7.2.3.	By Cooling Equipment
7.2.3.1.	Unitary Air Conditioners
7.2.3.2.	VRF Systems
7.2.3.3.	Chillers
7.2.3.4.	Room Air Conditioners
7.2.3.5.	Coolers
7.2.3.6.	Cooling Towers 
7.2.4.	By HVAC Controllers
7.2.4.1.	Sensors
7.2.4.2.	Controllers & Controlled Devices
7.2.5.	By End-User
7.2.5.1.	Residential
7.2.5.2.	Non-Residential
7.2.5.2.1.	Commercial
7.2.5.2.2.	Industrial
7.2.6.	By Country
7.2.6.1.	Germany
7.2.6.2.	UK
7.2.6.3.	France
7.2.6.4.	Italy
7.2.6.5.	Rest of Europe
7.2.7.	Price-Point Analysis
7.2.8.	Manufacturer & Distributor List (Top 5)
7.2.9.	Company Market Share (Top 3-5)
7.2.10.	Economic Impact Study on Europe HVAC Aftermarket 
8.	Asia Pacific HVAC Aftermarket Overview
8.1.	Asia Pacific HVAC Aftermarket Size & Forecast, 2016-2027
8.1.1.	Demand
8.1.1.1.	By Value (USD Million)
8.2.	Asia Pacific HVAC Aftermarket Share & Forecast, 2016-2027
8.2.1.	By Heating Equipment
8.2.1.1.	Heat Pumps
8.2.1.2.	Furnaces
8.2.1.3.	Unitary Heaters
8.2.1.4.	Thermostat
8.2.1.5.	Boilers
8.2.2.	By Ventilator Equipment
8.2.2.1.	Air-Handling Units
8.2.2.2.	Air Filters
8.2.2.3.	Dehumidifiers
8.2.2.4.	Ventilation Fans
8.2.2.5.	Humidifiers
8.2.2.6.	Air Purifiers
8.2.3.	By Cooling Equipment
8.2.3.1.	Unitary Air Conditioners
8.2.3.2.	VRF Systems
8.2.3.3.	Chillers
8.2.3.4.	Room Air Conditioners
8.2.3.5.	Coolers
8.2.3.6.	Cooling Towers 
8.2.4.	By HVAC Controllers
8.2.4.1.	Sensors
8.2.4.2.	Controllers & Controlled Devices
8.2.5.	By End-User
8.2.5.1.	Residential
8.2.5.2.	Non-Residential
8.2.5.2.1.	Commercial
8.2.5.2.2.	Industrial
8.2.6.	By Country
8.2.6.1.	China
8.2.6.2.	India
8.2.6.3.	Japan
8.2.6.4.	Australia
8.2.6.5.	Rest of Asia Pacific
8.2.7.	Price-Point Analysis
8.2.8.	Manufacturer & Distributor List (Top 5)
8.2.9.	Company Market Share (Top 3-5)
8.2.10.	Economic Impact Study on Asia Pacific HVAC Aftermarket 
9.	South America HVAC Aftermarket Overview
9.1.	South America HVAC Aftermarket Size & Forecast, 2016-2027
9.1.1.	Demand
9.1.1.1.	By Value (USD Million)
9.2.	South America HVAC Aftermarket Share & Forecast, 2016-2027
9.2.1.	By Heating Equipment
9.2.1.1.	Heat Pumps
9.2.1.2.	Furnaces
9.2.1.3.	Unitary Heaters
9.2.1.4.	Thermostat
9.2.1.5.	Boilers
9.2.2.	By Ventilator Equipment
9.2.2.1.	Air-Handling Units
9.2.2.2.	Air Filters
9.2.2.3.	Dehumidifiers
9.2.2.4.	Ventilation Fans
9.2.2.5.	Humidifiers
9.2.2.6.	Air Purifiers
9.2.3.	By Cooling Equipment
9.2.3.1.	Unitary Air Conditioners
9.2.3.2.	VRF Systems
9.2.3.3.	Chillers
9.2.3.4.	Room Air Conditioners
9.2.3.5.	Coolers
9.2.3.6.	Cooling Towers 
9.2.4.	By HVAC Controllers
9.2.4.1.	Sensors
9.2.4.2.	Controllers & Controlled Devices
9.2.5.	By End-User
9.2.5.1.	Residential
9.2.5.2.	Non-Residential
9.2.5.2.1.	Commercial
9.2.5.2.2.	Industrial
9.2.6.	By Country
9.2.6.1.	Brazil
9.2.6.2.	Argentina
9.2.6.3.	Rest of South America
9.2.7.	Price-Point Analysis
9.2.8.	Manufacturer & Distributor List (Top 5)
9.2.9.	Company Market Share (Top 3-5)
9.2.10.	Economic Impact Study on South America HVAC Aftermarket
10.	Middle East & Africa HVAC Aftermarket Overview
10.1.	Middle East & Africa HVAC Aftermarket Size & Forecast, 2016-2027
10.1.1.	Demand
10.1.1.1.	By Value (USD Million)
10.2.	Middle East & Africa HVAC Aftermarket Share & Forecast, 2016-2027
10.2.1.	By Heating Equipment
10.2.1.1.	Heat Pumps
10.2.1.2.	Furnaces
10.2.1.3.	Unitary Heaters
10.2.1.4.	Thermostat
10.2.1.5.	Boilers
10.2.2.	By Ventilator Equipment
10.2.2.1.	Air-Handling Units
10.2.2.2.	Air Filters
10.2.2.3.	Dehumidifiers
10.2.2.4.	Ventilation Fans
10.2.2.5.	Humidifiers
10.2.2.6.	Air Purifiers
10.2.3.	By Cooling Equipment
10.2.3.1.	Unitary Air Conditioners
10.2.3.2.	VRF Systems
10.2.3.3.	Chillers
10.2.3.4.	Room Air Conditioners
10.2.3.5.	Coolers
10.2.3.6.	Cooling Towers 
10.2.4.	By HVAC Controllers
10.2.4.1.	Sensors
10.2.4.2.	Controllers & Controlled Devices
10.2.5.	By End-User
10.2.5.1.	Residential
10.2.5.2.	Non-Residential
10.2.5.2.1.	Commercial
10.2.5.2.2.	Industrial
10.2.6.	By Country
10.2.6.1.	Saudi Arabia
10.2.6.2.	UAE
10.2.6.3.	South Africa
10.2.6.4.	Rest of Middle East & Africa
10.2.7.	Price-Point Analysis
10.2.8.	Manufacturer & Distributor List (Top 5)
10.2.9.	Company Market Share (Top 3-5)
10.2.10.	Economic Impact Study on Middle East & Africa HVAC Aftermarket
11.	Competitor Analysis
11.1.	Company Description
11.2.	Financial Analysis
11.3.	Key Products
11.4.	Key Management Personnel 
11.5.	Contact Address
11.6.	SWOT Analysis
11.7.	Company Profile
11.7.1.	Carrier Corporation
11.7.2.	 Daikin Industries
11.7.3.	Ingersoll-Rand
11.7.4.	Johnson Controls
11.7.5.	Nortek
11.7.6.	LG Electronics
11.7.7.	AB Electrolux
11.7.8.	Emerson Electric
11.7.9.	Bosch Thermotechnik
11.7.10.	Fujitsu
11.7.11.	Haier
11.7.12.	Lennox International
11.7.13.	Samsung
11.7.14.	Siemens
11.7.15.	Vaillant Group
11.7.16.	Other Prominent Players
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