Turn up the heat: The growing popularity of energy-efficient systems will boost industry demand

Operators in the Heating and Air-Conditioning Contractors in New York industry install, maintain and repair heating, ventilation, air-conditioning (HVAC) and refrigeration equipment. The industry is closely linked to construction activity which exhibited strong growth over the past five years. Notwithstanding, maintaining, monitoring and repairing existing equipment accounts for a significant share of revenue. Over the next five years, the industry is expected to fare even better. While growth in new residential structures will stall, nonresidential and industrial structures will provide an increasing base of work...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 12-17
0.4%
Forecast Growth 17-22
Profit
Employment
34,586
Businesses
7,661
What Our Customers Say

Industry Threats & Opportunities

  • As more homes and commercial structures are built, demand for industry contractors will rise
  • Operators received more contracts for replacing and upgrading HVAC systems in existing structures
  • Growth in the nonresidential market will boost revenue for industry contractors
  • Industry Report - Starting a New Business Chapter

    The Heating and Air-Conditioning Contractors industry is characterized by moderate barriers to entry. Barriers include completing an apprenticeship and gaining a license, facing intense competition from established industry contractors in local areas, as well as establishing working relationships with property managers, general contractors and local retailers.The increasing complexity of heating, ventilation, air-conditioning (HVAC) and refrigeration systems has led employers and clients to prefer technicians with postsecondary or formal apprenticeship training. Trade schools and community colleges typically offer six-month certificates and two-year associate's degree programs tailored to industry work. For the most part, on-the-job training has become less common. In ...purchase to read more.

    Additional Insights for the Heating & Air-Conditioning Contractors in New York Industry

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

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    What is the Heating & Air-Conditioning Contractors in New York 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 industry (see IBISWorld report NY23822b).

    Industry Products
  • New construction HVAC installation contractor
  • Existing structure HVAC installation and maintenance contractor
  • Refrigeration contractor
  • Other pipping and duct work 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 York
  • Value of private nonresidential construction in New York
  • Value of Residential Construction in New York
  • Per Capita Disposable Income in New York

  • Current Performance
  • Industry landscape
  • Downstream demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction trends
  • Green technology
  • Profit and expansion
  • Table: Heating & Air-Conditioning Contractors in New York Industry Revenue Outlook

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

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

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

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

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

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heating & Air-Conditioning Contractors in New York Industry

  • Tutor Perini CorporationABM Industries Inc.Comfort Systems USA Inc.EMCOR Group Inc. One Hour Heating & Air Conditioning
  • Table: Tutor Perini Corporation - financial performance
  • Table: ABM Industries Inc. - financial performance
  • Table: Comfort Systems USA Inc. - financial performance
  • Table: EMCOR Group Inc. - 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 York 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 York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Green
  • A category that includes goods, services, laws, guidelines and policies that have little to no impact on the natural environment (also referred to as eco-friendly or environmentally friendly).
  • 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.
  • Nonemployer
  • An establishment without payroll employees, typically a sole proprietorship or partnership.
  • 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.
  • Why buy this report?

    IBISWorld’s Heating & Air-Conditioning Contractors in New York Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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

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