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2025 U.S. Industry Statistics & Market Forecast - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Air-Conditioning and Warm Air Heating Equipment and Commercial and 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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing industry include:- Rising demand for energy-efficient appliances
- Increased adoption of smart and connected HVAC systems
- Shift towards sustainable and eco-friendly refrigerants
- Expansion in emerging markets
- Stricter government regulations on energy consumption and emissions
- Growth in the construction sector, particularly in residential and commercial buildings
- Technological advancements in HVAC system design and functionality
- Integration of HVAC with renewable energy sources
- Supply chain disruptions affecting component availability
- Increase in HVAC system maintenance and retrofitting services
- Impact of climate change driving variability in weather patterns and temperatures
- Growing importance of indoor air quality and health considerations in HVAC system design
- Consolidation within the industry and increased competition from global manufacturers
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.
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 Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| 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 Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Air-Conditioning and Warm Air Heating Equipment and Commercial and 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 Ratios | Industry 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 and Warm Air Heating Equipment and Commercial and 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 and Warm Air Heating Equipment and Commercial and 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 Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry 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 |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 6% | |||
| Architecture and Engineering Occupations | 11% | |||
| Engineers | 8% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 50% | |||
| Assemblers and Fabricators | 16% | |||
| Miscellaneous Assemblers and Fabricators | 12% | |||
| Metal Workers and Plastic Workers | 20% | |||
| Machinists | 6% | |||
| Machinists | 6% | |||
| Welding, Soldering, and Brazing Workers | 7% | |||
| Welders, Cutters, Solderers, and Brazers | 6% | |||
| Other Production Occupations | 10% | |||
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing industry. |
Source:
Latest Industry News
- Air Conditioning, Heating & Refrigeration Technology | Wake Tech - The Air Conditioning, Heating & Refrigeration Technology program (AHR) trains individuals to design, install and service air conditioning, heating and refrigeration equipment in residential and light-commercial applications. Most homes, workplaces and dining or entertainment spots have heat and air conditioning. Most also have refrigerators, freezers and ice makers. There is an obvious need ... (07/09/2025)
- Genesee County: An HVAC Hotspot - In Genesee County, the plumbing, heating, ventilation, and air-conditioning (HVAC) industry isn’t just hot — it’s booming. At its root, the HVAC industry is all about making indoor air comfortable, clean, (07/08/2025)
- The Best Air Conditioners of 2025, Tested and Reviewed - The Frigidaire Inverter Window Room Air Conditioner (FHWW145WE1) is the best air conditioner for large rooms, decreasing our sizable test room by four degrees in an hour and featuring an easy setup. (07/03/2025)
- Le Pen vows ‘major air-conditioning equipment plan’ as France swelters - “It is high time that France rolled out a major air-conditioning equipment plan,” the French far-right leader said Monday, as France and the rest of Europe suffer through a major heat wave. (07/01/2025)
- Best Portable Air Conditioners 2025 - Forbes Vetted - Window air conditioners are tricky to install and don’t work in every space, while fans aren’t nearly as powerful. A good portable air conditioner can address these gaps: It takes up less ... (06/30/2025)
- Air traffic crisis deepens with controller shortage and aging equipment | Fox News - Every day, more than 45,000 commercial flights operate in U.S. airspace. It’s one of the largest, busiest and most complex aviation systems in the world, and we are increasing demands and adding ... (06/27/2025)
- 'Quiet and cold' 3-in-1 air conditioner perfect for summer now almost 20% off - Daily Record - The Midea 5L Air Cooler, 3-in-1 Portable Air Conditioner usually retails at £109.99, but shoppers can currently grab one for a much more reasonable £89.99. (06/23/2025)
- St. Joseph County Sheriff, Humane Society warn of hot car dangers with demo - WSBT - On Wednesday, St. Joseph County Indiana Sheriff William Redman (D) and Executive Director of the St. Joseph County Indiana Humane Society Genny Brown demonstrated the dangers of a hot car on a ... (06/11/2025)
- Do You Need to Be Worried About Mold in Your Air-Conditioner? - In air-conditioners, a drain pan collects this water, and well-designed systems allow it to flow outside rather than remaining stagnant. But those systems can malfunction, or simply be imperfect. (06/11/2025)
- The 5 Best Portable Air Conditioners, Tested In The Florida Heat - A dual-hose portable air conditioner uses two hoses: one to pull air from outside to cool down the system and another to release warm air back ... tests and reviews heating and cooling products ... (05/22/2025)
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