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

Cool off: Tax credits and grants for energy-efficient heating and cooling equipment under the Inflation Reduction will provide an avenue of growth for contractors

Trends in the construction market greatly impact heating and air conditioning (HVAC) contractors. Contractors enjoyed growth from the residential market amid record low-interest rates and massive government aid caused purchases of new homes and private spending on home improvements to surge drastically. HVAC installation is required for these structures, so HVAC contractors oversaw a surge in sales from this market. This industry comprises companies that primarily install and service heating, ventilation, air-conditioning (HVAC) and refrigeration equipment. Companies perform tasks that include new installations, additions, alterations, maintenance and repairs. Plumbing and related activities are not included in this report. 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.