Heating & Air Conditioning in the US: Market Research Report

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

Heating & Air Conditioning Market Research Report | NAICS 23822a | May 2014

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

IBISWorld’s Heating & Air Conditioning market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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Industry Analysis & Industry Trends

Similar to most industries within the construction sector, the Heating and Air Conditioning industry has been quite volatile over the past five years. In 2009, new residential and nonresidential construction went into historic decline. Business expansion plans were also halted and cut into new commercial construction, while the large number of unsold homes on the market discouraged new residential construction. At the same time, falling per capita disposable income prevented consumers from upgrading heating, ventilation and air-conditioning (HVAC) systems. Nevertheless, demand for industry services is projected to heat up over the next five years... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Heating and Air Conditioning industry has a low level of concentration, as no industry firm accounts for more than 5.0% of total industry revenue. The majority of industry operators are smaller firms that specialize in specific regions or kinds of HVAC systems. According to the US Census and IBISWorld estimates, 62.3% of enterprises in the industry employ one to four people. Conversely, only 1.0% of firms employ 100 or more people. About 16.0% of HVAC contractors are self-employed, according to the Bureau of Labor Statistics Occupational Handbook.

The industry's low concentration will likely continue in the five years to 2019... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Heating & Air Conditioning 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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