HVAC Equipment Manufacturers – Industry Analysis, Statistics, Trends, and Forecasts

SIC 3585 | NAICS 333410

This free online guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Statements and Financial Ratios

Compensation and Salary Surveys

BV Guides and Databases

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Industry Research Reports
Heating & Air Conditioning Equipment Manufacturing (view report)
HVAC Equipment Wholesaling (view report)

Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Market size and major product and service segments
Key industry statistics, trends, and financial ratios
Operating conditions and current performance
Competitive landscape and environment
Major company profiles and market shares
Five-year outlook and growth forecasts

Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

Air-Conditioning, Heating, and Refrigeration Institute
Resources available from this trade association include:

Industry Statistical Profile
https://netforum.ahrinet.org/
Statistical profile provides an overview of the heating, air conditioning, water heating, and commercial refrigeration equipment manufacturing industry, with information provided including historical shipments by product category (e.g., warm air furnaces, central air conditioners, heat pumps, and water heaters), total industry employment, wages and value added per employee, and number of U.S. manufacturers.

Monthly Shipments
https://www.ahrinet.org/
Monthly AHRI shipment report provides data on U.S. manufacturer shipments by product category for the most recent month and on a year-to-date basis with comparisons to the same periods in the prior year, with product categories covered in the report including gas and electric residential/commercial water heaters, gas and oil warm air furnaces, central air conditioners, and air-source heat pumps.

Historical Data
https://www.ahrinet.org/
Historical data reports provide 20 years of statistical data on HVACR equipment shipments by product category, with product categories covered including central air conditioners and air-source heat pumps (in units of each category and combined by BTUH size rating), commercial gas/electric storage water heaters, residential gas/electric automatic storage water heaters, and gas and oil warm air furnaces.

Frost & Sullivan
North American HVAC Equipment Market
https://store.frost.com/

Market research reports provide in-depth analysis of the North American HVAC equipment market, with topics addressed in the reports including market overview; external challenges, drivers, and restraints; revenue forecasts by product segment (e.g., controls, filters, unitary equipment, applied systems, and chillers), vertical market, and distribution channel; competitive environment; and market share analysis.

BCC Research
Heating, Ventilation, and Air Conditioning: Global Markets
https://www.bccresearch.com/

BCC research report provides an overview of the global market for HVAC systems, with topics covered in the report including market background, environmental concerns, regulatory pressures, evolution of commercial and residential technologies, regional analysis, global forecast by region, key value chain participants and their interactions, leading manufacturers, and new entrants from emerging economies.

Technavio
Global HVAC Equipment Market
https://www.technavio.com/

Market research study provides a detailed analysis of the HVAC equipment market on a global basis, with information provided in the study including market size and forecast by application (e.g., heating, air conditioning, and ventilation), end-user (e.g., residential, commercial), and geographic region, and major vendors profiled including Carrier, Daikin Industries, LG, Ingersoll-Rand, and Johnson Controls.

BizMiner Market Analysis Reports
Heating, Air-Conditioning, and Ventilation Equipment Manufacturers
https://www.bizminer.com Search for "3334" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More industry research reports »

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Heating, Air-Conditioning, and Ventilation Equipment Manufacturers

https://www.bizminer.com Search for "3334" to see available reports

Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:

Income and expenses in dollars and percentages
Balance sheets in dollars and percentages
Profitability and return on investment ratios
Liquidity and working capital ratios
Asset turnover and efficiency ratios
Capital structure and debt service ratios

Sample financial statement and ratio analysis report is available free online.

Industry Research Reports
Heating & Air Conditioning Equipment Manufacturing

(see links for individual reports) (sample spreadsheet)

Financial benchmarks section provides detailed comparative income statements and balance sheets and over twenty-five industry financial ratios, with financial benchmarks available for each of the five most recent fiscal years and on a historical average basis for three-year, five-year, and ten-year time periods. Sample spreadsheet that includes breakdowns by total asset size can be viewed free online.

More financial benchmarking data »

Compensation and Salary Surveys

U.S. Bureau of Labor Statistics
Machinery Manufacturing (NAICS 3331/3332/3334/3339)
https://www.bls.gov/oes/

Annual survey provides hourly and annual wage data for personnel employed by manufacturers in this sector, with product categories covered by the survey including heating (e.g., furnaces, boilers, heat pumps), ventilation (e.g., fans, blowers), air-conditioning (e.g., central, split system), air-purification (e.g., dust collection, filters), and refrigeration (e.g., commercial, industrial) systems and components.

PayScale, Inc.
Heating, Ventilation, and Air-Conditioning Systems Manufacturing
https://www.payscale.com/

Free online service provides salary and hourly wage data for selected job positions in this sector such as design engineer, mechanical engineer, technician, and welder, with manufacturers for which wage data is provided including Johnson Controls, Ingersoll-Rand Company, The Trane Company, Carrier Corporation, Goodman Manufacturing Company, Daikin America, Inc., and Lennox International, Inc.

More compensation surveys »

BV Guides and Databases

BVMarketData
Private Company Sales Transaction Databases
https://www.bvresources.com/

Free "Visitor Search" allows users to search the DealStats, BIZCOMPS, and FactSet/BVR databases for private company sales transaction data by SIC or NAICS Code using the following codes:

– SIC Code 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing

– NAICS Code 33341 - Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing

Types of establishments included in these codes

Ventilation equipment manufacturers - establishments that manufacture products such as fans, air circulators, and exhaust systems which are designed to maintain adequate air circulation and improve indoor air quality in various settings.

Heating equipment producers - establishments engaged in manufacturing products such as furnaces, boilers, heat pumps, and radiant heating systems which are used to provide warmth and maintain comfortable indoor temperatures.

Air-conditioning equipment manufacturing - establishments that manufacture products such as central air-conditioning systems, window units, and portable air conditioners which are designed to cool indoor spaces and maintain comfortable temperatures.

Commercial refrigeration equipment production - establishments that manufacture walk-in coolers, display cases, and refrigerated storage units that are used to store and preserve perishable goods in retail, food service, and industrial settings.

HVAC control systems manufacturers - establishments that specialize in producing HVAC control systems, such as thermostats, sensors, and building automation systems that are used to regulate the operation of ventilation, heating, and air-conditioning systems.

Heat exchanger producers - establishments primarily engaged in the production of heat exchangers, which are devices used in HVAC systems to transfer heat between fluids or gases, enabling energy-efficient heating and cooling processes.

Air handler manufacturing - establishments that primarily produce air handlers, which are components of HVAC systems that condition and circulate air, often housing heating or cooling coils, air filters, and blowers.

Dehumidifier and humidifier production - establishments that specialize in the production of dehumidifiers and humidifiers, which are devices used to control indoor humidity levels, improving air quality and comfort in residential, commercial, and industrial settings.

Sample reports with detailed sales transaction data and valuation multiples are available free online.

More valuation data »

Related Industries:
Building Materials and Home Improvement Stores
General Contractors and Construction Companies
HVAC Equipment Distributors
Plumbing and HVAC Contractors

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