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.Be cool: Commercial markets are expected to bounce back, providing industry wholesalers a steady stream of demand
Heating and AC wholesalers derive demand from their downstream markets. A rapidly growing housing sector during the first half of the period aided wholesalers in weathering the storm that was the COVID-19 pandemic. Falling demand from the business and commercial sectors was offset by strong demand from consumers in the residential sector since new houses had to be outfitted with heating and AC systems. Growth after the COVID-19 pandemic, however, was short lived because in 2022, the Federal Reserve had to tighten the credit markets by raising interest rates to deal with rapid inflation. This depressed demand from residential and nonresidential sectors. Revenue for heating and AC wholesalers grew at a CAGR of 2.3% to $77.6 billion over the past five years, including a 2.9% decrease in 2023 alone, with profit levels reaching 4.0%.
Industry wholesalers engage in buying, selling and distributing heating, ventilation and air conditioning equipment. This industry excludes in-room and in-window air conditioners and hydronic equipment. Installation is also excluded; however, service and repair work are part of this industry, but these services account for only a small portion of industry revenue.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Watsco, Inc.
- Lennox International Inc.
- Linde Plc
- The Linde Group
- Johnstone Supply, Inc.
- Hudson Technologies Inc.
- Agc Inc.
- National Refrigerants Inc.
Methodology
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