
Plumbing & HVAC Contractors
Description
Brief Excerpt from Industry Overview Chapter:Companies in this industry install and service plumbing, heating, and air-conditioning equipment. Major companies from the US include ARS/Rescue Rooter, Comfort Systems USA, EMCOR, and TDIndustries.COMPETITIVE LANDSCAPENew technology for HVAC and plumbing applications are driving growth in the industry. Systems that connect HVAC, lighting, and security elements as well as tools to monitor energy use and efficiency are popular in residential and commercial installations. The growing use of voice-control devices like Amazon's Alexa or Google Home is also driving residential demand for newer HVAC systems. Smart tech is also driving plumbing demand with personalization of shower and toilet function key for home markets and water efficiency for toilets and faucets important to larger installations. Some smart fixtures can also diagnose problems and alert for needed maintenance. Contractors experienced in new technology can benefit from new construction and remodeling demand as well as maintenance work.PRODUCTS, OPERATIONS & TECHNOLOGYHVAC and plumbing contractors provide maintenance and repair of single detached residential buildings, which account for about 10% of the industry's revenue, followed by construction services for new single detached residential buildings. Some shops fabricate their own sheet-metal ductwork. Technicians are trained on installation and repair but often specialize in one or the other.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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