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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 | Nov 2015

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

IBISWorld’s Heating & Air-Conditioning Contractors market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$82bn
Annual Growth 10-15
3.8%
Annual Growth 15-20
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Profit
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Employment
557,946
Businesses
102,623
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

 


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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