Heating & Air-Conditioning Contractors in the US
Over the five years to 2019, the Heating and Air-Conditioning Contractors industry has expanded alongside broad construction trends. Accordingly, the industry is heavily influenced by activity in the construction sector. Over the past five years, the value of both residential and nonresidential construction have increased, benefiting operators in this industry. Furthermore, interest rates have remained relatively low, resulting in low borrowing costs. In addition, a healthy housing market, combined with favorable macroeconomic conditions, has accelerated new construction, particularly in cities. As a result of these positive trends, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise. However, while key construction markets are still expected to expand over the next five years, industry growth will likely be more subdued compared with the previous period.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook