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

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

  • September 2020 •
  • 54 pages •
  • Report ID: 198775 •
  • Format: PDF
Chilled out: Continued strength in consumer spending is expected to drive industry demand

Abstract

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.
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