Though revenue from new installations slowed during the recession when construction levels fell, steady demand for maintenance and repair services kept the Heating and Air Conditioning industry running. As the real estate market improves, so too will industry demand. Government initiatives to reduce energy consumption will promote installations of newer, more energy-efficient units. However, competition from operators in outside industries such as electricians and manufacturers will constrain growth.
This industry consists of establishments that primarily install and service heating, ventilation, air conditioning and refrigeration equipment. The work performed includes new installations, additions, alterations, maintenance and repairs. It is important to note that this industry shares the same NAICS code as plumbing services (23822), but this information is not included in this report. Instead plumbing services are detailed in IBISWorld’s 23511b report.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.