Cool flow: Strong recovery in construction markets picked up industry revenue

Driven by rebounding construction markets, the Heating and Air-Conditioning Contractors industry in Texas expanded at a strong pace over the past five years. The value of private nonresidential construction in Texas rose, increasing both the value of work done and the pool of potential clients for industry operators. This was facilitated by growing corporate profit and consumer spending, benefiting the business sector. Additionally, the industry is expected to continue growing over the next five years. While construction markets will not expand at the meteoric rates of the past five years, the new construction that was built will need to be maintained, repaired or upgraded during the outlook period...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
6.3%
Forecast Growth 17-22
Profit
Employment
60,989
Businesses
22,371

Industry Threats & Opportunities

  • The growing trend of green technology has provided a boost for the industry
  • Consumer trends favoring environmentally-friendly products have helped the industry
  • Maintenance and repair work will underpin the strong outlook period
  • Industry Report - Industry Analysis Chapter

    The Heating and Air-Conditioning Contractors industry in Texas saw strong gains in the current period. The industry benefited from rapidly expanding construction markets and a rise in spending from consumers. Positive economic conditions enable clients to trade up to newer, more energy-efficient models of heating, ventilation, air-conditioning (HVAC) and refrigeration equipment, all carrying higher price tags. By installing, maintaining and repairing standard and specialty equipment, industry operators benefited most from newer “green” systems.Revenue experienced a moderate level of volatility over the five years to 2017. During the current period, revenue has grown as much as 12.9% in 2014 and grown as little as 1.7% in 2016. In 2014, construction recovery peaked. Hou...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heating & Air-Conditioning Contractors in Texas 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 Texas and Consumer Spending in Texas in the Heating & Air-Conditioning Contractors in Texas industry impact industry performance..

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    What's in this report

    What is the Heating & Air-Conditioning Contractors in Texas 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.

    Industry Products
  • New structure HVAC installation contractor
  • Existing structure HVAC installation and maintenance contractor
  • Refrigeration contracting
  • Other piping and duct work contracting
  • 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 Texas
  • Consumer Spending in Texas
  • Value of private nonresidential construction in Texas
  • Value of residential construction in Texas

  • Current Performance
  • Industry landscape
  • Expanding construction markets
  • Chart: Revenue Growth

  • Industry Outlook
  • Green technology
  • Downstream demand
  • Table: Heating & Air-Conditioning Contractors in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heating & Air-Conditioning Contractors in Texas 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 structure HVAC installation contractor
  • Refrigeration contracting
  • Other piping and duct work contracting
  • Chart: Heating & Air-Conditioning Contractors in Texas Industry Products and Services Segmentation

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

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

  • ABM Industries Inc., Comfort Systems USA Inc., EMCOR Group Inc., One Hour Heating & Air Conditioning, Aire Serv LLC,
  • 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
  • Table: Aire Serv LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Heating & Air-Conditioning Contractors in Texas 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 Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (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 ecofriendly 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 established under the US Green Building Council that certifies buildings which meet energy-efficiency and green requirements.
  • Nonemployer
  • An enterprise 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, with higher ratings being best. Calculated by dividing cooling output for a typical system by total electric energy input for a given period.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Heating & Air-Conditioning Contractors in Texas provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

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

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