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2018 Market Analysis & Industry Outlook: Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing

Overview: the U.S. Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Air-Conditioning And Warm Air Heating Equipment And Commercial And Industrial Refrigeration Equipment Manufacturing

Heat Transfer Equipment (Excluding Electrically Operated Dehumidifiers), Mechanically Refrigerated, Self-Contained, Excluding Mo

Commercial Refrigerators And Related Equipment

Room Air Conditioners And Dehumidifiers, Excluding Portable Dehumidifiers

All Other Miscellaneous Refrigeration And Air-Conditioning Equipment

Parts And Accessories For Air-Conditioning And Heat Transfer Equipment

Unitary Air Conditioners, Excluding Air Source Heat Pumps

Air-Conditioning And Warm Air Heating Equipment And Commercial And Industrial Refrigeration Equipment Manufacturing, Not Categorized, Total

Other Secondary Products

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers2%
Architecture and Engineering Occupations 7%
Office and Administrative Support Occupations 9%
Production Occupations 59%
Assemblers and Fabricators 31%
Electrical, Electronics, and Electromechanical Assemblers 6%
Miscellaneous Assemblers and Fabricators 23%
Team Assemblers 21%
Metal Workers and Plastic Workers 18%
Welding, Soldering, and Brazing Workers 7%
Welders, Cutters, Solderers, and Brazers 6%
Other Production Occupations 6%
Source: Bureau of Labor Statistics

Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Global Cooling trademarks "" - freezers - 09/12/2017
  • Reflect Scientific patents Extremely Fast Freezing, Low-temperature Blast Freezer - 08/17/2017
  • Global Cooling patents Energy Efficient Biological Freezer With Vial Management System - 03/02/2017
  • National Compressor Exchange trademarks "ALWAYS REMANUFACTURED, NEVER REBUILT" - Remanufactured air conditioning and refrigeration compressors - 06/28/2016
  • Global Cooling raises $2 million in funding. - 12/29/2015
  • Snowbird Environmental Systems patents Automated Hydroponic Growing And Harvesting System For Sprouts - 09/10/2015
  • Reflect Scientific trademarks "VIRTUALLY RUNS ON AIR" - Refrigerating machines and installations; transport refrigeration units for trucks, trailers and shipping containers - 03/12/2015

  • Top Innovators

    CompanyInnovation Score
    Global Cooling15
    Reflect Scientific7
    Dais Analytic
    National Compressor Exchange

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • AHRI Launches New Directory Of Certified Product Performance - The Air-Conditioning, Heating, and Refrigeration Institute (AHRI ... offer proven chemistry and decades of sound performance. As the commercial roofing industry’s leader in manufacturing prefabricated PVC roofing systems, Duro-Last produces roofing ... (01/08/2018)
    • Binswanger Named Exclusive Agent for the Sale/Lease of 292,655 Sq. Ft. Industrial Property in Vicksburg, Mississippi - industrial machinery, commercial/service industry machinery, ventilation/heating/air conditioning/commercial refrigeration equipment, metalworking machinery, other general purpose machinery, motor vehicles, motor vehicle body/trailer, motor vehicle parts ... (01/04/2018)
    • Seven Software Tools for Energy Managers - Here are some software tools, with their best features highlighted, that can provide solutions to tough problems facing energy managers at power plants and other industrial ... American Society of Heating, Refrigeration, and Air-Conditioning Engineers ... (01/03/2018)
    • Energy leaves manufacturing in the red dust - Energy's hit-and-miss recovery was enough to leave manufacturing in the red dust ... Inc., No. 26 in Oklahoma Inc., makes semi-custom commercial and residential heating, air-conditioning and ventilation equipment, and trades as AAON on the Nasdaq Stock ... (11/12/2017)
    • Global Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Manufacturing Market Briefing 2017 - Research and Markets - The "Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Manufacturing Market Global Briefing 2017" report has been added to Research and Markets' offering. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration ... (07/12/2017)
    • Modine Manufacturing : to launch Commercial and Industrial Solutions at 2017 AHR Expo - Jan. 27, 2017 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a leader in technology in the HVAC industry, will unveil Commercial ... heating, ventilation and air conditioning equipment, off-highway and industrial equipment and refrigeration ... (01/27/2017)
    • Bruno Air in Bonita Springs now manufacturing AC units - Heating, and Refrigeration Institute, which represents the manufacturers of air-conditioning and refrigeration equipment. Potentially, a lot is at stake if Bruno’s venture into manufacturing is a success: Air conditioning/heating/refrigeration in the ... (09/11/2015)
    • Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation and Toyo Engineering Works to Integrate in July - MHI-AC&R's business scope includes marketing, installation and servicing of air-conditioners (both commercial and residential use), heating systems ... will retain the name Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation ... (05/19/2015)
    • Packaged Heating/Cooling Units feature SEER rating of 14. - MILWAUKEE – Luxaire LX Series packaged units from Johnson Controls incorporate design engineering and manufacturing best practices to set new standards in quality and performance to heat and cool residential and light commercial buildings. With a 14 ... (05/04/2015)

    Government Contracts

    In 2016, the federal government spent a total of $104,129,448 on Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing. It has awarded 3,018 contracts to 747 companies, with an average value of $139,397 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Coolers, water, manufacturing, Freezing equipment, industrial and commercial-type, Beer cooling and dispensing equipment manufacturing, Drinking fountains, refrigerated, Heating equipment, warm air (i.e., forced air), Laboratory-type freezers manufacturing, Furnaces, Refrigerated lockers manufacturing, refrigeration, Water (i.e., drinking) coolers, mechanical, Air-conditioning compressors (except motor vehicle) manufacturing, Air-conditioning equipment (except motor vehicle) manufacturing, Ice making machinery manufacturing, Fountains, refrigerated drinking, Refrigeration units, truck-type, Cooling towers manufacturing, Snow making machinery manufacturing, Humidifying equipment (except portable) manufacturing, Lockers, Air-conditioning and warm air heating combination units manufacturing, Dehumidifiers (except portable electric) manufacturing, Refrigeration compressors manufacturing, Heating and air conditioning combination units manufacturing, Heat pumps manufacturing, Display cases, Showcases, Air-conditioners, unit (e.g., motor home, travel trailer, window), Room air-conditioners manufacturing, Air-conditioning condensers and condensing units manufacturing, Evaporative condensers (i.e., heat transfer equipment) manufacturing, Soda fountain cooling and dispensing equipment manufacturing, Counters and display cases, Refrigeration equipment, Electric warm air (i.e., forced air) furnaces manufacturing, etc.

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