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          1. Plumbing & HVAC Contractors Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/4/2020
            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 Group, and TDIndustries.

            Global demand for plumbing and HVAC services is increasing as economies expand and middle-class consumers increase. Although other countries have been slower than the US to adopt central air-conditioning, many of the world's fastest-growing cities are located in warm climates. Growth in air-conditioning use in countries such as Brazil and India could be significant if economic expansion continues. 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 $190 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 ...

             
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