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Heating & Air Conditioning Equipment Manufacturing in North Carolina

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NC33341

Heating & Air Conditioning Equipment Manufacturing in North Carolina industry analysis

The Heating & Air Conditioning Equipment Manufacturing industry in North Carolina is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Heating & Air Conditioning Equipment Manufacturing in North Carolina Market Research Report

What’s Included in the Heating & Air Conditioning Equipment Manufacturing in North Carolina Market Research Report

Definition of the Heating & Air Conditioning Equipment Manufacturing in North Carolina?

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 acknowledgments for repair, scrap and refuse sales. Automotive units are excluded from this industry.

What’s included in the Heating & Air Conditioning Equipment Manufacturing in North Carolina?

The Heating & Air Conditioning Equipment Manufacturing in North Carolina includes 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 and manufacturing commercial and industrial fans and blowers. Related terms covered in the Heating & Air Conditioning Equipment Manufacturing in North Carolina industry report includes a common type of refrigerant used in air conditioning systems that is being phased out because it contributes to depleting the ozone layer, a type of cfc, known in the industry as hcfc-22, which is thought to be more environmentally friendly than other chemicals, but is currently being phased out and a chemical compound or coolant used to achieve low temperatures in air conditioning and refrigeration equipment.

Industry Performance of the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina

Benchmark the Heating & Air Conditioning Equipment Manufacturing in North Carolina industry performance with all NC county and national performance.

Heating & Air Conditioning Equipment Manufacturing in North Carolina

#10 in Highest Revenue 3.9% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heating & Air Conditioning Equipment Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina

See how key industry drivers, such as population, median houshold income, house price index, value of private nonresidential construction, value of residential construction and per capita disposable income are impacting Heating & Air Conditioning Equipment Manufacturing in North Carolina

North Carolina Economic Indicators

Population
Median Houshold Income
House Price Index

View more economic information in NC State Economic profile

US Key External Drivers

Value of private nonresidential construction
Value of residential construction
Per capita disposable income

For the full list of industry drivers, see report purchase options.

County Data of the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina

Access proprietary data on county in the Heating & Air Conditioning Equipment Manufacturing in North Carolina, such as Mecklenburg County, Catawba County and Davidson County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina in 2025?

The market size of the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina is $2.3bn in 2025.

How many businesses are there in the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina in 2025?

There are 62 businesses in the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina, which has been growing at an average annual rate of 0.3% from 2020 to 2025.

Has the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina grown or declined over the past 5 years?

The market size of the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina has been growing at an average annual rate of 1.5% from 2020 to 2025.

How many employees in the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina in 2025?

There are 6,313 employees in the Heating & Air Conditioning Equipment Manufacturing industry in North Carolina, which has been growing at an average annual rate of 2.1% from 2020 to 2025.