Heating up: Industry growth will be spurred by rising construction activity in Illinois

The Heating and Air Conditioning Equipment Manufacturing industry in Illinois manufactures a broad range of HVAC equipment. The equipment includes air-conditioning, warm-air heating and refrigeration equipment, air purification equipment and commercial and industrial fans and blowers. This equipment is sold to two primary markets: new construction and replacement and repair. As a result, demand for industry products is closely linked to the level of construction activity. Over the five years to 2017, industry revenue in Illinois is expected increase.Over the five years to 2022, industry revenue is expected to grow, albeit at a slower annualized rate...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
3.5%
Forecast Growth 17-22
Profit
Employment
5,508
Businesses
92

Industry Threats & Opportunities

  • When compared with the national industry, the Illinois industry differs in several key facets
  • Industry products are typically required in all residential and commercial structures
  • The average revenue per establishment is increasing
  • Industry Report - Industry Products Chapter

    Air-conditioning, warm-air heating and refrigeration equipmentAir-conditioning, warm-air heating and refrigeration equipment is the largest product class for industry operators at both the national and Illinois, however, its share is much lower in Illinois. This segment includes mechanically refrigerated and self-contained heat transfer equipment; compressors and compressor units using all refrigerants (excluding automotive); and commercial refrigerators and related equipment.This segment is exposed to both residential and nonresidential demand as this equipment is used in both homes and commercial projects. Demand is largely a function of which operators are in the state and where major manufacturers have been historically located. The...purchase to read more.

    Additional Insights for the Heating & Air Conditioning Equipment Manufacturing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heating & Air Conditioning Equipment Manufacturing in Illinois Industry are

  • Availability of resource
  • Ability to vary services to suit different needs
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Value of Residential Construction in Illinois and Value of private nonresidential construction in Illinois in the Heating & Air Conditioning Equipment Manufacturing in Illinois industry impact industry performance..

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    What's in this report

    What is the Heating & Air Conditioning Equipment Manufacturing in Illinois Industry?

    Companies in this industry manufacture residential, commercial and industrial heating, ventilation, air conditioning and refrigeration (HVACR) equipment. Industry revenue includes miscellaneous receipts for the resale of products without further manufacturing, contract work done for others on respective items and acknowledgements for repair, scrap and refuse sales. Automotive units are excluded from this industry.

    Industry Products
  • Industrial and commercial fans and blowers
  • Heating equipment
  • Air-conditioning, warm-air heating and refrigeration equipment
  • Industry Activities
  • Manufacturing air conditioning, warm-air heating and refrigeration equipment
  • Manufacturing heating equipment (except warm-air furnaces)
  • Generating receipts from resales and service work
  • Manufacturing air purification equipment
  • Manufacturing commercial and industrial fans and blowers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of Residential Construction in Illinois
  • Value of private nonresidential construction in Illinois
  • Homeownership rate in Illinois
  • Trade-weighted index

  • Current Performance
  • Industry trends
  • Illinois structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Illinois trends
  • Regulatory environment
  • Table: Heating & Air Conditioning Equipment Manufacturing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heating & Air Conditioning Equipment Manufacturing in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Plumbing & Heating Supplies Wholesaling
  • Heating & Air Conditioning Wholesaling
  • Refrigeration Equipment Wholesaling
  • Refrigerated Storage
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Aluminum Manufacturing
  • Electrical Equipment Manufacturing
  • Ferrous Metal Foundry Products
  • Metal Pipe & Tube Manufacturing
  • Navigational Instrument Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Valve Manufacturing

  • Products & Services
  • Air-conditioning, warm-air heating and refrigeration equipment
  • Industrial and commercial fans and blowers
  • Heating equipment
  • Chart: Heating & Air Conditioning Equipment Manufacturing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Residential replacement
  • Commercial replacement
  • Residential new construction
  • Commercial new construction
  • Chart: Major Market Segmentation for the Heating & Air Conditioning Equipment Manufacturing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wage costs
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Heating & Air Conditioning Equipment Manufacturing in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heating & Air Conditioning Equipment Manufacturing in Illinois Industry

  • Camfil Group, Illinois Blower Inc., Jan-Air Inc., Johnson Controls International plc,
  • Table: Camfil Group - financial performance
  • Table: Illinois Blower Inc. - financial performance
  • Table: Jan-Air Inc. - financial performance
  • Table: Johnson Controls International plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Heating & Air Conditioning Equipment Manufacturing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Heating & Air Conditioning Equipment Manufacturing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • IL - Value of residential construction in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chlorofluorocarbons
  • A common type of refrigerant used in air conditioning systems that is being phased out because it contributes to depleting the ozone layer; usually abbreviated as CFCs.
  • Hydrochlorofluorocarbons
  • A type of CFC, known in the industry as HCFC-22, that is thought to be more environmentally friendly than other chemicals, but is currently being phased out.
  • Refrigerant
  • A chemical compound or coolant used to achieve low temperatures in air conditioning and refrigeration equipment.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Heating & Air Conditioning Equipment Manufacturing in Illinois contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Heating & Air Conditioning Equipment Manufacturing in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Heating & Air Conditioning Equipment Manufacturing in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Heating & Air Conditioning Equipment Manufacturing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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