Industry Analysis & Industry Trends
Over the past five years, demand for heating, ventilation and air conditioning (HVAC) services suffered as downstream construction markets crashed, pushing industry revenue downward. However, HVAC franchises are anticipated to recover from the downturn in the next five-year period along with renewed construction activity, corporate profit and per capita disposable income. The federal and state governments will aid this recovery via tax credits for businesses and homeowners to use on energy-efficient system upgrades.... purchase to read more
Industry Report - Industry Analysis Chapter
The Heating, Ventilation and Air Conditioning (HVAC) Service Franchises industry relies heavily on demand from the construction sector, as many units are installed at the time of building. Commercial, industrial, municipal, religious and residential buildings all require HVAC systems; as such, the industry's performance is determined by activity in the US residential and nonresidential construction markets. With the bursting of the housing bubble, the entire construction sector, including industries that provide related services, crashed. In 2008, the value of residential construction fell 24.3%, followed by a similar 22.7% decline in 2009. The nonresidential segment follows the same patterns as the residential segment, with a one or two year lag... purchase to read more