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    Plumbing & HVAC Contractors Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/19/2021
    SIC Codes: 1711
    NAICS Codes: 23822
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Plumbing & HVAC Contractors Industry Profile

    Companies in this industry install and service plumbing, heating, and air-conditioning equipment. Major companies from the US include ARS/Rescue Rooter, Comfort Systems USA, EMCOR, and TDIndustries.

    Global demand for plumbing and HVAC services is increasing as economies progress and rising consumers inclination for comfort and luxury. Asia Pacific, specifically countries such as China and India, leads growth worldwide due to expanding construction projects and rapidly escalating urban population. Plumbing and HVAC contractors typically operate regionally, but some large companies are beginning to expand globally.

    The US plumbing and HVAC contractors industry includes about 100,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $200 billion.

    COMPETITIVE LANDSCAPE

    New technology for HVAC and plumbing applications are driving growth in the industry. Systems that connect HVAC, lighting, and security elements as well as tools to monitor energy use and efficiency are popular in residential and commercial installations. The growing use of voice-control devices like Amazon's Alexa or Google Home is also driving residential demand for newer HVAC systems. Smart tech is also driving plumbing demand with personalization of shower and toilet function key for home markets and water efficiency for toilets and faucets important to larger installations. Some smart fixtures can also diagnose problems and alert for needed maintenance. Contractors experienced in new technology can benefit from new construction and remodeling demand as well as maintenance work.

    Profitability depends on the ...

     
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