Heating & Air-Conditioning Contractors in the US
The Heating and Air-Conditioning Contractors industry is heavily influenced by activity in the construction market, with the majority of income generated from heating, ventilation and air-conditioning (HVAC) installations in new residential and nonresidential structures. Maintaining, monitoring and repairing existing equipment also accounts for a significant share of revenue, lending a stable source of revenue to the industry when construction markets fluctuate. Over the five years to 2017, construction activity has expanded and per capita disposable income has risen. Consequently, industry revenue is also expected to increase. Over the next five years, national standards for energy efficiency, as well as a growing trend toward lowering household and business energy use, are projected to encourage building owners to upgrade to more efficient systems.
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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