Overview

Seasonably warm: Rising construction activity will turn up the heat on industry demand

IBISWorld’s Heating & Air Conditioning Equipment Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry growth has been tempered by a widening trade gap over the five-year period
  • The US Department of Energy upgraded its efficiency standards for split-system heat pumps
  • The industry will continue to encounter competition from overseas imports

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    Industry Analysis & Industry Trends

    In the five years to 2016, revenue for the Heating and Air Conditioning Equipment Manufacturing industry is expected to increase. During this period, US residential and nonresidential construction steadily expanded due to strong underlying fundamentals, including increasing employment and historically low interest rates. This bolstered industry sales, as heating, air conditioning, ventilation and refrigeration (HVACR) equipment is typically installed in new buildings to regulate climate and provide ventilation. However, industry growth has been tempered by a widening trade gap, as major global HVACR manufacturers expanded their productive facilities in low-cost labor countries like China...

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    Industry Report - Industry Products Chapter

    The Heating and Air-Conditioning Equipment Manufacturing industry consists of four main product segments: air-conditioning, warm-air heating, and refrigeration equipment; heating equipment excluding warm-air furnaces; air-purification equipment; and industrial and commercial fans and blowers. In addition, the industry gains revenue from miscellaneous receipts. The following segmentation estimates are based on data found in the US Census Bureau's industry-product analysis report.

    Air-conditioning, warm-air heating, and refrigeration equipment

    Air-conditioning, warm-air heating and refrigeration equipment is consistently the industry's largest segment, comprising an estimated 86.0% of total industry revenue in 2017. Pro..

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    Additional Insights for the Heating & Air Conditioning Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heating & Air Conditioning Equipment Manufacturing 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 private nonresidential construction and Value of residential construction in the Heating & Air Conditioning Equipment Manufacturing industry impact industry performance..

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    Industry Products

    What is the Heating & Air Conditioning Equipment Manufacturing 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
    Air-conditioning, warm air heating and refrigeration equipment
    Unitary air-conditioners
    Heating equipment (excluding warm-air furnaces)
    Air-purification equipment
    Industrial and commercial fans and blowers
    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction
  • Value of residential construction
  • Demand from heating and air-conditioning contractors
  • Trade-weighted index
  • Demand from refrigeration equipment wholesaling

  • Current Performance
  • Revenue strengthens
  • Regulations increase
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Expanding demand
  • Growing upgrades
  • Industry profit
  • Table: Heating & Air Conditioning Equipment Manufacturing Industry Revenue Outlook

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

  • Products & Markets
    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
  • Unitary air-conditioners
  • Heating equipment (excluding warm-air furnaces)
  • Industrial and commercial fans and blowers
  • Air-purification equipment
  • Chart: Heating & Air Conditioning Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Residential and commercial construction markets
  • Remodeling and replacement markets

  • Major Markets
  • Replacement and remodeling
  • Residential and commercial construction
  • Exports
  • Food service and storage
  • Chart: Major Market Segmentation for the Heating & Air Conditioning Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWage costsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Heating & Air Conditioning Equipment Manufacturing

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

  • Industry Globalization
    Major Companies
    Ingersoll-Rand Company Ltd.United Technologies CorporationJohnson International Controls PLC
  • Table: Ingersoll-Rand Company Ltd. - financial performance
  • Table: United Technologies Corporation - financial performance
  • Table: Johnson International Controls PLC - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Heating & Air Conditioning Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Value of Private Non-residential Construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • Why buy this report?

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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