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Heating & Air-Conditioning Contractors in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Heating & Air-Conditioning Contractors Market Research Report | NAICS 23822a | Aug 2014

High airflow: Renewed construction activity and the move toward energy efficiency will increase revenue

IBISWorld’s Heating & Air-Conditioning Contractors market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$77bn
Annual Growth 09-14
3.7%
Annual Growth 14-19
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Profit
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Employment
564,405
Businesses
98,508
Industry Analysis & Industry Trends

Similar to most industries within the construction sector, the Heating and Air-Conditioning Contractors industry has been quite volatile over the past five years. Moreover, demand for heating, ventilation and air conditioning (HVAC) services is projected to heat up over the next five years. Pent-up demand across the construction sectors, which began to slacken quickly in 2012 and 2013, is forecast to boost demand for new HVAC installations, the industry's primary service segment. Improving per capita disposable income, and the growing popularity of energy efficient systems that also lower operating costs for businesses and households, will drive demand for installations in existing structures... purchase to read more

Industry Report - Industry Investment Chapter

The Heating and Air-Conditioning Contractors industry, like other service industries, has a low level of capital intensity. For every $1.00 spent on wages, the average HVAC operator is expected to spend about $0.07 in capital investment in 2014. Wages are the primary expense for contractors; little to no heavy equipment is used in the installation and maintenance of heating, air conditioning and refrigeration systems, and purchase costs are mostly limited to job-specific materials. IBISWorld estimates that depreciation expenses only account for about 2.2% of revenue in 2014, whereas wage costs make up 32.4%.

Capital intensity has remained largely unchanged during the past five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Heating & Air-Conditioning Contractors Industry?

This industry comprises companies that primarily install and service heating, ventilation, air-conditioning (HVAC) and refrigeration equipment. Operators perform tasks that include new installations, additions, alterations, maintenance and repairs. Plumbing and related activities are not included in this report (IBISWorld report 23822b).

Industry Products
New construction HVAC installationsExisting structure HVAC installations (i.e. replacements)HVAC maintenance and repairsRefrigeration system installations, maintenance and repairs
 
Industry Activities
Air conditioning system installation (except window units)Air vent installationFurnace conversions (i.e. from one fuel to another)Refrigeration system (e.g. commercial, industrial or scientific) installation Heating, ventilation and air conditioning (HVAC) contractorsFurnace humidifier installationNatural gas fireplace installationDuct work (e.g. cooling, dust collection, exhaust, heating and ventilation) installationVentilation equipment installationHeating and ventilation system component (e.g. air registers, diffusers, and filters) installation


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