Industry Analysis & Industry Trends
Similar to most industries within the construction sector, the Heating and Air-Conditioning Contractors industry has been rebounding over the past five years. Over the period, increasing business activity and consumer spending benefited business expansion plans and supported new commercial construction, supporting the industry. Going forward, demand for heating, ventilation and air conditioning (HVAC) services is projected to warm up in the five years to 2021. Accelerating construction markets in both residential and nonresidential sectors is forecast to continue boosting demand for new HVAC installations. In addition, the growing popularity of energy-efficient systems 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. Barriers include 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