The global HVAC Software Market was valued at around USD 624.7 Million in 2021. With a projected CAGR of 7.9% during 2022 to 2032, the market is likely to reach a valuation of nearly USD 1.5 Billion by the end of 2032.
Owing to the growing demand for managing budgets, such as generating and finalizing invoices, and managing the time of technicians via scheduling and work distribution, the demand for HVAC software has surged in the recent past.
| Attributes | Details |
|---|---|
| Global HVAC Software Market Size (2021) | USD 624.7 Million |
| Global HVAC Software Market Size (2022) | USD 685.9 Million |
| Projected Market Value (2032) | USD 1.5 Billion |
| Global HVAC Software Market Growth Rate (2022 to 2032) | 7.9% CAGR |
| Share of Top 5 Countries | 56% |
| Key Companies Covered | Codefied Inc.; Dataforma Inc.; Fergus Software Limited; FieldEdge; GorillaDesk; ServiceTitan; Housecall Pro; MHelpDesk; Synchroteam; SimPRO; Work Wave LLC; Verizon Connect; Jobber Software |
Future Market Insights’ analysis reveals that most of the market revenue is grossed from cloud-based HVAC software, which has a predicted CAGR of 9.6% by 2032. HVAC Software is gradually evolving into a must-have for contractors in all areas of operations who want to grow while managing operations efficiently to maximize profitability.
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The global market for HVAC Software expanded at a CAGR of 10.9% over the last seven years (2015 to 2021) and is predicted to surge ahead at a CAGR of 7.9% and record sales worth USD 1.5 Bilion by the end of 2032.
Varied benefits across operations ensure HVAC systems software is building and continuing momentum
A research by the United States Bureau of Labour Statistics shows that over 400,000 mechanics and installers is employed, with the expected growth in jobs being 13% with almost 50,000 jobs over the next decade. The growth over the next two decades is expected to be 4.01%, which is higher than the national average of 3.71%.
As these businesses increase operations and scale up, they look towards digitizing their operations with field service management platforms or HVAC software in order to boost efficiency and streamline operations across multiple areas. HVAC software is currently being used for widespread applications, managing budgets, such as generating and finalizing invoices, and managing the time of technicians via HVAC scheduling software.
There are also the possibilities for integrations with accounting software such as Xero, as well as with CRM and inventory software. Apart from integration, it can also double as a CRM tool through which an enterprise can keep track of consumer data such as reviews, preferences, chats, and calls in order to track the efficiency of technicians as well as monitor them.
Another benefit is that an enterprise can gain insights into past incidents and track age, status, technological specifications, usage patterns, and other data necessary for both technicians to perform repairs, as well as for the improvement of product design. Certain software can also include asset analysis, which can boost revenue by helping identify assets that bring the least value by taking into account various factors such as reviews and servicing requirements.
New technologies boost demand for HVAC systems, and the resultant boost in enterprise growth gives rise to a demand for HVAC software
In recent years, there have been a number of technologies emerging in the HVAC industry. Smart technology means that all the appliances in a consumer’s physical unit can be interconnected and both accessed and controlled via even a simple mobile app.
Sustainable technology is also on the rise and gaining popularity due to the growth of environmental consciousness amongst consumers. HVAC software can also provide training integrations with new forms of technician training programs, such as those using VR technology to test responses in challenging situations.
Zoned HVAC systems controls can serve various areas of the unit as per requirements. All these technologies mean that the market for HVAC systems is increasing. As the demand for these systems rises, there is a resultant rise in the number and scale of the companies providing these systems and repairs for them.
This growth and upscale is only possible if companies harness the benefits of HVAC software for their management requirements.
HVAC software helps enterprises get the best possible results from technicians
HVAC dispatching software is a type of HVAC software that gives industries transparency in technician analytics and data and allows for customer reviews and tracking of experiences. Good customer service and the increase in consumer satisfaction for this industry entail the assignment of the best technician possible for a job so that the job can be done as efficiently and fast as possible.
Using dispatch software, companies can harness the prowess of the cloud to find the best possible technician or a job, taking into account various factors such as geographic location, skill level, review history, and distance from consumer. Further, the monitoring of these technicians is also a benefit.
HVAC software is also beneficial to technicians themselves. Through this software, they can enter inspection data for various products and services to use in future repairs. They also gain from the faster, almost on-invoicing systems provided, wherein an invoice can automatically be generated when the specifications of HVAC service software provided, hours taken, specific materials spent, warranty guidelines, etc. are stored and taken into account.
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Large enterprises continue to be the top industry, however, HVAC service software from small businesses will also benefit
Large enterprises benefit the most from the streamlining of operations HVAC software provides because they have a significantly larger number of consumers and technicians, as well as a more varied catalogue of services being provided. They witnessed a CAGR of 9.2% in 2015-2021 and this HVAC software market trend is expected to continue, with the projected CAGR of 8.7%.
However, Small and Medium industries or SMEs also benefit from this software, because digitizing and streamlining operations is beneficial in all stages of business. In the recent past, several Small and Medium Industries have opted for this software, owing to the fact that it is not available at reduced costs and at the ease of use.
Further, the scalability and availability of HVAC Software market players who cater specifically to the needs of smaller players ensure that they also contribute significantly to demand.
Europe is a rising contributor to demand, with a 25.6% HVAC software market share in 2021 and predicted HVAC software market size of USD 375 Million by 2032. The market is expected to grow, with a CAGR of 8% in the upcoming decade (2022 to 2032).
Heat Pumps in particular witnessed significant growth due to Europe’s climatic conditions. Research shows that nearly 64% of an average European household’s energy consumption was towards heating.
The European Union announced several decarbonization policies, and there is expected to be a growth in demand as European consumers switch to more efficient products with reduction of emissions. This growth in demand for HVAC products is likely to lead to a growth in HVAC software as suppliers attempt to efficiently meet demand requirements.
The USA to remain a key component of global Consumption
The USA accounted for over 36% of the global HVAC Software Market in 2021. The increased demand for smart HVAC systems along with the growth in the smart homes industry, along with significant investment in technology has caused a resultant increase in the demand for HVAC software. USA has a USD 272.9 Million absolute dollar opportunity between 2022 and 2032, with a CAGR of 10.4% in 2025 to 2021 and a forecasted CAGR of 7.7% in the forecast period of 2022 to 2032.
Cloud-Based Deployment is the leading type of deployment of HVAC. Cloud-based deployment has several benefits, which are helping it gain an edge over web-based deployment. Cloud-based deployment is often much cheaper than web-based HVAC software.
It is hosted on the cloud, which means companies gain several benefits, such as the reduced need for IT technicians, an increase in collaboration opportunities for HVAC Software Market since cloud-based systems mean that data can be accessed from any device almost instantly, streamlining processes that require the collaboration of teams.
Cloud systems also provide larger computing power and capabilities than a traditional system could have, and features such as recognizing symbols, auto-counting, and calculations of key data such as profit margin become much faster.
These HVAC software providers also maintain an uptime of nearly 99.99% on their services, which means a downtime of barely 26.30 seconds in a month, far less than a server-based system can provide. Small and Medium industries largely prefer cloud deployment since the deployment is easy while also being advanced, allowing them to compete better with larger players.
At present, HVAC providers are focusing on increasing their presence and reach while developing new technologies. They are focusing on developments that will ensure further optimization of performance to increase usage in downstream applications. The key HVAC software companies operating include Dataforma Inc., Codefied Inc., XOi Technologies, Fergus Software Limited, FieldEdge, GorillaDesk, Yardi among others.
Some of the recent development in HVAC Software are as follows:
In April 2022, Daikin Comfort Technologies North America Inc. (Daikin) and XOi Technologies collaborated to provide an AR and AI curb-to-curb field services solution with the aim to improve efficiency and bottom line using XOi software and automating the workflow.
In January 2022, Energy Design systems launched EDS, which is a suite of solutions and services that can be used for load calculations and home energy audits.
In December 2021, Motili announced an integration with Yardi. This integration will mean Motili will take advantage of Yardi voyager’s web-based HVAC software solution with mobile access, integrated end-to-end capabilities, and the capacity for management of larger portfolios that will automate workflow, increase transparency and optimize the services provided.
Similarly, the team at Future Market Insights has tracked recent developments related to companies manufacturing HVAC Software, which is available in the full report.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | USD Million for Value |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Russia, Spain, China, Japan, South Korea, India, Singapore, UAE, Saudi Arabia, South Africa |
| Global HVAC Software Market Segments Covered | Deployment, Enterprise Size, Region |
| Key Companies Profiled | Daikin; Johnson Controls; LG Electronics; Carrier; Trane Technologies; Emerson; Honeywell; Mitsubishi Electric; Samsung; Nortek; Codefied Inc.; Dataforma Inc.; Fergus Software Limited; FieldEdge; GorillaDesk; ServiceTitan; Housecall Pro; MHelpDesk; Synchroteam; SimPRO; Work Wave LLC; Verizon Connect; Jobber Software |
| Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global HVAC Software market was valued at USD 624.7 Million in 2021.
The global HVAC Software industry is set to witness a growth rate of 7.9% over the forecast period and be valued at USD 1.5 Billion by 2032.
The HVAC Software Market expanded at 10.9% from 2015 through 2021.
Codefied Inc., Dataforma Inc., Fergus Software Limited, FieldEdge, GorillaDesk are some of the key HVAC Software market players.
USA, UK, China, Japan, and South Korea are expected to be the main drivers of sales.
US accounts for over 36% of the global HVAC Software market.
| Base year Market Value (2022) | USD 921.3 million |
|---|---|
| Projected year Market Value (2033) | USD 1,976.1 million |
| CAGR (2023 to 2033) | 7.3% |
| Market Value (2023) | USD 11.9 billion |
|---|---|
| Market Expected Value (2033) | USD 35.7 billion |
| Market Projected CAGR (2023 to 2033) | 11.5% |
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