Cooling down: The trend toward greener systems in the commercial market will sustain the industry

The Heating and Air-Conditioning Contractors industry in New Jersey expanded over the five years to 2018. At the start of the period, the industry experienced strong growth due to the rebound in construction markets. The majority of income generated from heating, ventilation and air-conditioning (HVAC) installations is in existing residential and nonresidential structures. Maintaining, monitoring and repairing existing equipment also accounts for a significant share of revenue, lending a stable source of revenue to the industry when construction markets fluctuate. As construction markets expanded overall in the five years to 2018, IBISWorld estimates industry revenue to increase at an annualized rate of 1.3% to $6.2 billion over the five-year period. This includes growth of 0.2%...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
15,115
Businesses
4,137

Industry Threats & Opportunities

  • This industry has a low level of market share concentration
  • Additional Insights for the Heating & Air-Conditioning Contractors in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heating & Air-Conditioning Contractors in New Jersey Industry are

  • Having a good reputation
  • Management of seasonal production
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Housing starts in New Jersey and Per Capita Disposable Income in New Jersey in the Heating & Air-Conditioning Contractors in New Jersey industry impact industry performance..

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    What's in this report

    What is the Heating & Air-Conditioning Contractors in New Jersey Industry?

    This industry comprises companies that primarily install and service heating, ventilation, air-conditioning (HVAC) and refrigeration equipment. Operators perform tasks that include new installations, additions, alterations, maintenance and repairs. Plumbing and related activities are not included in this report (IBISWorld report 23822b).

    Industry Products
  • Other work contractors
  • Refrigeration contractor
  • New construction HVAC installation contractor
  • Existing structure HVAC installation and maintenance contractor
  • Industry Activities
  • 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
  • Heating and ventilation system component (e.g. air registers, diffusers, and filters) installation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts in New Jersey
  • Per Capita Disposable Income in New Jersey
  • Value of private nonresidential construction in New Jersey
  • Value of residential construction in New Jersey

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heating & Air-Conditioning Contractors in New Jersey Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Refrigerated Storage
  • Property Management
  • Commercial Building Construction
  • Municipal Building Construction
  • Consumers

  • Key Selling Industries
  • Electricians
  • Heating & Air Conditioning Wholesaling
  • Refrigeration Equipment Wholesaling

  • Products & Services
  • Existing structure HVAC installation and maintenance contractor
  • New construction HVAC installation contractor
  • Refrigeration contractor
  • Other work contractors
  • Chart: Heating & Air-Conditioning Contractors in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Single-family home
  • Retail and storage spaces
  • Other
  • Office Buildings
  • Manufacturing and industrial buildings
  • Educational buildings
  • Healthcare and public safety buildings
  • Apartments, dormitories and barracks
  • Chart: Major Market Segmentation for the Heating & Air-Conditioning Contractors in New Jersey Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Heating & Air-Conditioning Contractors in New Jersey

  • Basis of Competition
    Barriers to Entry
    EMCOR Group Inc., Marshall Industrial Technologies, Meyer & Depew, One Hour Heating & Air Conditioning,
  • Table: EMCOR Group Inc. - financial performance
  • Table: Marshall Industrial Technologies - financial performance
  • Table: Meyer & Depew - financial performance
  • Table: One Hour Heating & Air Conditioning - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Heating & Air-Conditioning Contractors in New Jersey 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 Contractors in New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing Starts in New Jersey (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Heating, Ventilation And Air-Conditioning (Hvac)
  • A system used to control the temperature, humidity and air quality in buildings.
  • Leadership In Energy And Environmental Design (Lee
  • An environmental building certificate program that was established under the US Green Building Council and certifies buildings that meet energy-efficiency and green requirements.
  • Refrigeration
  • A system used to store perishable items, such as food, medicine and chemicals.
  • Seasonal Energy Efficiency Ratio (Seer)
  • Rating system that measures efficiency of HVAC systems. Calculated by dividing cooling output for a typical system by total electric energy input for a given period. Higher ratings best.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Heating & Air-Conditioning Contractors in New Jersey can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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

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