Heating & Air-Conditioning Contractors in Illinois
The Heating and Air-Conditioning Contractors industry in Illinois is expected to grow over the past five years. This projected growth is largely attributed to an increase in construction activity. In addition, HVAC contractors have benefited from energy efficiency preferences, which has spurred growth in retrofitting services. Revenue is expected to further increase over the five years to 2022. However, sales growth will be largely driven by an increase in electricity prices. Unlike the rest of the nation, most commercial buildings in Illinois are historical structures that have been remodeled to feature more-modern amenities. However, a number of these structures have installed outdated HVAC systems, which are energy-intensive. As electricity prices continue to rise, demand for HVAC system retrofitting services will grow.
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 (IBISWorld report 23822b).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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