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Heating & Air-Conditioning Contractors in Newfoundland

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NL23822aCA

Heating & Air-Conditioning Contractors in Newfoundland industry analysis

Revenue for the Heating & Air-Conditioning Contractors industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xxx locations over the past five years. Industry employment has decreased an annualized -x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase % to $x.x million.

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About the Heating & Air-Conditioning Contractors in Newfoundland Market Research Report

What’s Included in the Heating & Air-Conditioning Contractors in Newfoundland Market Research Report

Definition of the Heating & Air-Conditioning Contractors in Newfoundland?

This industry installs and services heating, ventilation, air-conditioning and refrigeration equipment. The work performed includes new installations, additions, alterations, maintenance and repairs. Plumbing-related information is not covered in this report, but is instead covered in the Plumbing industry in Canada report (IBISWorld report 23822bCA).

What’s included in the Heating & Air-Conditioning Contractors in Newfoundland?

The Heating & Air-Conditioning Contractors in Newfoundland includes air-conditioning system installation, except window units, air vent installation, furnace conversions (i.e. from one fuel to another), refrigeration system (e.g. commercial, industrial or scientific) installation, heating, ventilation and air-conditioning (hvac) contractors, furnace humidifier installation, natural gas fireplace installation, duct work (e.g. cooling, dust collection, exhaust, heating and ventilation) installation, ventilation equipment installation and heating and ventilation system component (e.g. air registers, diffusers and filters) installation. Related terms covered in the Heating & Air-Conditioning Contractors in Newfoundland industry report includes a system used to control the temperature, humidity and air quality in buildings, a system used to store perishable items, such as food, medicine and chemicals and an establishment without payroll employees, typically a sole proprietorship or partnership.

Industry Performance of the Heating & Air-Conditioning Contractors industry in Newfoundland

Benchmark the Heating & Air-Conditioning Contractors in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Heating & Air-Conditioning Contractors in Newfoundland

#9 in Highest Revenue 0.8% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heating & Air-Conditioning Contractors in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Heating & Air-Conditioning Contractors industry in Newfoundland

See how key industry drivers, such as net migration, gross domestic product, median houshold income, housing starts, value of nonresidential construction and per capita disposable income are impacting Heating & Air-Conditioning Contractors in Newfoundland

Newfoundland Economic Indicators

Net Migration
Gross Domestic Product
Median Houshold Income

View more economic information in NL State Economic profile

Canada Key External Drivers

Housing starts
Value of nonresidential construction
Per capita disposable income

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Heating & Air-Conditioning Contractors industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Heating & Air-Conditioning Contractors in Newfoundland, such as St. John's, Corner Brook and Bay Roberts. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Heating & Air-Conditioning Contractors industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Heating & Air-Conditioning Contractors industry in Newfoundland in 2025?

The market size of the Heating & Air-Conditioning Contractors industry in Newfoundland is $133.3m in 2025.

How many businesses are there in the Heating & Air-Conditioning Contractors industry in Newfoundland in 2025?

There are 118 businesses in the Heating & Air-Conditioning Contractors industry in Newfoundland, which has been declining at an average annual rate of -1.6% from 2020 to 2025.

Has the Heating & Air-Conditioning Contractors industry in Newfoundland grown or declined over the past 5 years?

The market size of the Heating & Air-Conditioning Contractors industry in Newfoundland has been declining at an average annual rate of -2.7% from 2020 to 2025.

How many employees in the Heating & Air-Conditioning Contractors industry in Newfoundland in 2025?

There are 568 employees in the Heating & Air-Conditioning Contractors industry in Newfoundland, which has been declining at an average annual rate of -0.3% from 2020 to 2025.