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2025 U.S. Industry Statistics & Market Forecast - Heating Equipment Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Heating 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 Heating Equipment Manufacturing industry include:- Increased demand for energy-efficient heating solutions
- Shift towards renewable energy sources
- Regulatory compliance and environmental standards tightening
- Technological advancements in IoT and smart heating systems
- Growth in construction and infrastructure projects
- Globalization of supply chains
- Price volatility in raw materials
- Rise in consumer demand for eco-friendly products
- Implementation of advanced manufacturing processes like automation
- Expansion into emerging markets
- Impact of climate change on heating needs
- Rising labor costs and workforce issues
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 Heating 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 Heating 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 Heating 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. |
|
| 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. |
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| 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% | |||
Heating Equipment Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Heating 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 Heating 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 Heating Equipment Manufacturing industry. |
Source:
Latest Industry News
- Fastener innovations aid efficiency, reliability - Transitioning to the adoption of increasingly innovative technology is facilitating access to modern, high-performance fasteners for numerous industrial applications. Industrial products and services provider RS South Africa is “leading the way” in this regard, (07/10/2025)
- Why Factories Are Having Trouble Filling Nearly 400,000 Open Jobs - For every 20 positions, there’s one qualified candidate. Some of President Donald Trump’s policies are likely to exacerbate the problem. (07/09/2025)
- Modine Manufacturing Company (MOD) Is a Trending Stock: Facts to Know Before Betting on It - Zacks.com users have recently been watching Modine (MOD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. (07/09/2025)
- System-level test’s expanding role in producing complex chips - System-level test (SLT) has evolved into a necessary test insertion for high-performance processors and chiplets. (07/09/2025)
- How to understand home energy use — and cut costs - These are a few tools and solutions homeowners can explore to better understand how to make a space more energy efficient. (07/08/2025)
- Manufacturing plant celebrates 100 years of business and 55 years in Fort Smith - A manufacturing company with a facility in Fort Smith is celebrating more than half a century in the River Valley. (06/29/2025)
- Will aluminum nitride ceramic components be used in semiconductor equipment? - Aluminum nitride ceramics have high thermal conductivity, with a thermal conductivity of up to 170-230W/ (m · K), which can quickly dissipate the heat generated during equipment operation, effectively avoiding damage to chips caused by local overheating, (06/28/2025)
- Heat exchangers delivered to Akkuyu 1 - The Zeskmi plant has completed production of equipment for Akkuyu 1. The final two SPOT heat exchangers are ready for shipment. A total of 128 pieces of equipment with a total weight of 1,879 tonnes have been manufactured for unit 1 and 126 items weighing 1,787 tonnes have been shipped. (06/27/2025)
- Top Heat Pump Installation Mistakes — And How to Avoid Them - The increasing popularity of residential air-source heat pumps also means increasing room for installation errors. Experts from several manufacturers list some common mistakes and explain how to steer clear of them. (06/26/2025)
- Tariff Turmoil: Court Rulings, Rising Prices, and Uncertainty for the HVAC Industry - A federal court’s decision to block Trump tariffs sends shockwaves through the HVAC industry, as price hikes, supply chain disruptions, and policy uncertainty leave contractors and manufacturers scrambling. (05/29/2025)
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