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Heating & Air Conditioning Equipment Manufacturing in the US - Industry Market Research Report

Heating & Air Conditioning Equipment Manufacturing in the US

Operators in the Heating and Air Conditioning Equipment Manufacturing industry manufacture residential, commercial and industrial heating, ventilation, air conditioning and refrigeration (HVACR) equipment. Over the five years to 2019, residential and nonresidential construction activity expanded due to strong underlying drivers, including rising per capita disposable income and relatively low interest rates. These trends bolstered industry sales, as HVACR equipment is typically installed in new buildings to regulate climate and provide ventilation. Over the five years to 2024, industry revenue is expected to continue increasing. Much of this growth is expected to be driven by an expected increase in domestic construction activity, which boosts demand for HVACR installations, upgrades and retrofits.

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

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.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Value of private nonresidential construction
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Industry trade balance
    • Table Exports To ...
    • Table Business Locations 2019
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Establishments by employment size (2017)*
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
    • Table Trade Globalization
  • Major Companies
    • Table Major Players
    • Table Ingersoll-Rand PLC (US industry-specific segment) - financial performance*
    • Table Carrier Corporation (US industry-specific segment) - financial performance*
    • Table Johnson Controls International PLC (US industry-specific segment) - financial performance*
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
    • Table Industry Financial Ratios
  • Jargon & Glossary

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