Air-Conditioning, Heating, and Commercial Refrigeration Equipment – 2024 U.S. Market Research Report

Publish Date: March 2024

This 63-page market research report provides a comprehensive analysis on the $43.8 billion air-conditioning, heating, and commercial refrigeration equipment industry in the United States. This report covers more than 100 statistical data sets with historical trend data from 2015 to 2023, and 2024 and 2028 forecasts. The source of the data is from annual comprehensive surveys from a majority companies in the air-conditioning, heating, and commercial refrigeration equipment industry.

This report has the in-depth industry insights you are looking for as it covers revenue & cost trends, detailed breakdown on 26 expenses, financial ratio benchmarks, forecasts on 100+ data sets, inventory statistics, composition of balance sheets, segmentation by business size and structure, top 50 companies analysis, material costs benchmarks, profit margin analysis, state metrics analysis, plant capacity analysis, organizational breakdown, 4 years of inflation analysis, wage analysis, revenue per employee trends, and much more.

Air-Conditioning, Heating, and Commercial Refrigeration Equipment Report


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Report Format


The 2024 U.S. Air-Conditioning, Heating, and Commercial Refrigeration Equipment Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. This market research report is utilized by professionals to gain a deep understanding of the industry for business planning, forecasting, cost reduction initiatives, understanding industry dynamics, opportunity analysis, financial analysis, plant productivity, market analysis, valuations, organizational streamlining, sales & marketing analysis, productivity improvement initiatives, operational streamlining, profitability analysis, and a ton more.

Below are a few page images from the report and check out the table of contents for a complete overview.

air-conditioning, heating, and commercial refrigeration equipment market size chart

Operating expense chart for air-conditioning, heating, and commercial refrigeration equipment

Air-Conditioning, Heating, and Commercial Refrigeration Equipment Profit

air-conditioning, heating, and commercial refrigeration equipment BCG Matrix

Air-Conditioning, Heating, and Commercial Refrigeration Equipment Factory Capacity Utilization Trend

Air-Conditioning, Heating, and Commercial Refrigeration Equipment Organizational Breakdown Chart


Industry Definition


This U.S. industry includes companies primarily engaged in (1) manufacturing air-conditioning (except motor vehicle) and warm air furnace equipment and/or (2) manufacturing commercial and industrial refrigeration and freezer equipment. 

NAICS Code: 333415

Total # of Companies: 715

Total # of Factories / Facilities: 846

Industry Employees: 100,493

Market Size: $43.8 billion

Product Lines Covered


Heat transfer equipment (excluding electrically operated dehumidifiers), mechanically refrigerated, self-contained, excluding motor vehicle mechanical air-conditioning systems
Unitary air conditioners, excluding air source heat pumps
Commercial refrigerators and related equipment
Compressors and compressor units, all refrigerants, excluding automotive
Warm air furnaces, including duct furnaces and humidifiers, and electric comfort heating
Air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing, nsk, total
Air-source heat pumps, excluding room air conditioners
Parts and accessories for air-conditioning and heat transfer equipment
All other miscellaneous refrigeration and air-conditioning equipment
Refrigeration condensing units, all refrigerants, excluding ammonia (complete)

Table of Contents


Evaluate the table of contents of the Air-Conditioning, Heating, and Commercial Refrigeration Equipment Report below to understand the extensive statistical data sets in this report and why thousands of executives, consultants, bankers, accountants, and other professionals trust Kentley Insights for their market research needs.


1-2 – Report Overview & Contents

3 – Industry Overview
– Data Sources & Methodology
– Sector Definition & Examples

4 – Report Synopsis – Revenue & Growth

5 – Report Synopsis – Costs & Profitability

SECTION ONE
REVENUE & GROWTH

7 – Market Size Details
– Industry Revenues, Companies, & Facilities
– Analysis 2015-2023
– 2024 & 2028 Forecasts

8 – Growth Benchmarks
– Sales per Company and Plant
– Analysis 2015-2023
– 2024 & 2028 Forecasts

9 – Product Lines Revenue

10 – BCG Matrix – Income vs. Revenue Growth

11 – Total Industry Sales by Month & Year (2019-2023)

12 – Inventory Value by Month & Year (2019-2023)

13 – Months of Inventory (2019-2023)

14 – Sector Revenue by Segments
– Business Concentration, Size, & Structure

15 – Market Size by State
– Market Size and Rankings

16 – Market Size as a % of State GDP

17 – Industry Sales as a % of State Manufacturing

18 – Industry Segmentation by Business Size

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies

22 – Subsector Market Share of Top 50 Companies

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Revenue per Company by State

25 – Revenue per Company by Segments

26 – Revenue per Facility by State

27 – Revenue per Facility by Segment

28 – Subsector Market Size & Growth

29 – Subsector Sales per Company & Plant

30 – 5-Year Consolidation Analysis

31 – Employment Consolidation Analysis

32 – Subsector Consolidation Analysis
– Number of Companies & Facilities

33 – Subsector Consolidation Analysis
– Facilities & Employees per Company

SECTION TWO
COST, CAPITAL & FINANCIALS

35 – Profitability & Financial Ratio Analysis

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– 16 Current & Non-Current Assets Categories
– 15 Short-term, Long-term Liabilities, & Net Worth

37 – OPEX
– Industry OPEX Analysis
– 2015-2023 Trends, 2024 & 2028 Forecasts

38 – OPEX by Company & Plant
– OPEX per Company & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

Page 39 – OPEX Detail
– 6 Employee Expense Categories
– 8 Cost of Material Categories
– 6 Buildings and Equipment Categories
– 8 Other Operating Expense Categories
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– 2015-2023 Trends, 2024 & 2028 Forecasts
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2020-2023 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– 2015-2023 Trends, 2024 & 2028 Forecasts

45 – Employee Productivity by Segments

46 – Employee Productivity by State

47 –Subsector Sales & Payroll per Employee

48 – Industry Payroll
– Payroll per Employee, Company, & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

49 – Payroll per Company by Segments

50 – Payroll per Plant by Segments

51 – Payroll per Employee by Segments

52 – Payroll per Employee by State

53 – Employee Composition
– % of Employees for 27 Job Categories

54 – Job Categorization Pay Ranges
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown

56 – Top 20 Jobs Pay
– Pay Bands

57 – Employees per Company by Segments

58 – Employees per Plant by Segments

59 – Facilities per Company by Segments

60 – Total Employment by State

61 – Population to Every Employee by State

62 – Employees per Facility by State

63 – Overview of Kentley Insights


Methodology & Data Sources


The sources for the report data include federal and private surveys completed by the majority of companies in the industry covering extensive financial and operational topics for the air-conditioning, heating, and commercial refrigeration equipment industry. Our forecasts take into account historical trends, industry dynamics, and our macroeconomic projections.

Sample Report Download


Click on the image to download a full sample report. The 2024 Air-Conditioning, Heating, and Commercial Refrigeration Equipment Market Research Report has the same format and data sets.

Wood Kitchen Cabinet Countertop Manufacturing Report

Report Details


Report: Air-Conditioning, Heating, and Commercial Refrigeration Equipment Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

Related Reports:
Other Machinery Industrial Manufacturing Market Research Reports
HVAC and Commercial Refrigeration Equipment
Commercial Fan, Blower and Air Purification Equip. Manufacturing
Heating Equipment (except Warm Air Furnaces) Manufacturing

Industry Jobs Analyzed


Assemblers and Fabricators
Metal Workers and Plastic Workers
Other Production Occupations
Engineers
Material Moving Workers
Other Installation, Maintenance, and Repair Occupations
Material Recording, Scheduling, Dispatching, and Distributing Workers
Supervisors of Production Workers
Drafters, Engineering Technicians, and Mapping Technicians
Construction Trades Workers
Sales Representatives, Wholesale and Manufacturing
Business Operations Specialists
Operations Specialties Managers
Information and Record Clerks
Top Executives
Financial Clerks
Computer Occupations
Other Office and Administrative Support Workers
Financial Specialists
Secretaries and Administrative Assistants

Material Cost Categories


Materials, ingredients, containers, and supplies, nsk
Air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment
Cost of all other materials and components, parts, containers, and supplies consumed
Electric motors, generators, and parts
Iron and steel castings
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
Copper and copper-base alloy pipe and tube
Steel bars (including concrete reinforcing bars), bar shapes, and plate (excluding castings, forgings, and fabricated)
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Aluminum and aluminum-base alloy sheet, plate, foil (including packaging products), and welded tubing
Capacitors, resistors, coils, transformers, and other inductors
Semiconductors, including transistors, diodes, rectifiers, and integrated circuits for electronic circuitry, and related devices
Metal crowns, closures, and other stamped metal products
Metal bolts, nuts, screws, washers, rivets, and other screw machine products
Metal valves, pipe fittings, and related assemblies (excluding fluid power and forgings)
Automatic temperature controls (thermostats, regulators, etc.)
Other electronic components, including crystals, filters, LCD screens, transducers, mechanical switches, microwave, etc.
Aluminum and aluminum-base alloy castings
Metal forgings

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