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 - Starting a New Business Chapter
The Heating and Air-Conditioning Contractors industry is characterized by moderate barriers to entry, including completing an apprenticeship and gaining a license, facing intense competition from established industry contractors in local areas as well as establishing working relationships with property managers, general contractors and local retailers.
The increasing complexity of HVAC and refrigeration systems has led employers and clients to prefer technicians with postsecondary or formal apprenticeship training. Trade schools and community colleges typically offer 6-month certificates and two-year associate’s degree programs tailored to industry work. For the most part, on-the-job training has become less common... purchase to read more