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 slack 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 Key Buyers Chapter
The Heating and Air-Conditioning Contractors 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, 62.4% of enterprises in the industry employ one to four people. Conversely, only 1.1% 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 2020... purchase to read more