Industry Analysis & Industry Trends
Similar to most industries within the construction sector, the HVAC Service Franchises industry has been rebounding over the past five years. Increasing business activity and consumer spending benefited business expansion plans and supported new commercial construction. As a result of the strong recovery and subsequent growth in downstream markets, industry revenue grew over the past five years. Moreover, improving economic conditions, particularly those in the domestic construction sector, will buoy the industry over the five years to 2020. Significant gains in the value of private nonresidential construction and the value of residential construction are expected to underpin industry revenue growth.... purchase to read more
Industry Report - Industry Products Chapter
The Heating, Ventilation and Air Conditioning (HVAC) Service Franchises industry repairs and installs HVAC systems for residential, commercial, industrial and municipal buildings. Industry franchises also provide these same services for refrigeration systems, such as those used in grocery stores and hospitals to store perishable food and medicine. In addition, this industry provides duct cleaning and other indoor air quality services.
HVAC installations are expected to account for about 66.3% of industry revenue in 2015, up from 64.0% in 2010. The rebound in new construction activity led HVAC installation work to expand as a share of revenue... purchase to read more