NAICS 23511 - Plumbing, Heating, and Air-Conditioning Contractors
This industry comprises establishments primarily engaged in one or more of the following: (1) installing plumbing, heating, and air-conditioning equipment; (2) servicing plumbing, heating, and air-conditioning equipment; and (3) the combined activity of selling and installing plumbing, heating, and air-conditioning equipment. The plumbing, heating, and air-conditioning work performed includes new work, additions, alterations, and maintenance and repairs. The activities performed by these establishments range from duct fabrication and installation at the site to installation of refrigeration equipment, installation of sprinkler systems, and installation of environmental controls.
Industry trends:
The Plumbing, Heating, and Air-Conditioning (HVAC) industry (NAICS 23511) is currently experiencing significant transformations driven by several key trends. Firstly, the integration of smart technologies has become more prevalent, with an increasing number of consumers demanding smart thermostats, automated leak detection systems, and other Internet of Things (IoT) solutions to improve energy efficiency and home automation. This trend is expected to continue, fostering innovation within the industry.
Sustainability and energy efficiency are also at the forefront, with many contractors now offering eco-friendly solutions such as high-efficiency heating systems, tankless water heaters, and solar-powered HVAC units. Regulations and consumer awareness about environmental impact are pushing companies to adopt greener practices and products.
The ongoing labor shortage remains a significant challenge, compelling firms to invest in training programs and incentives to attract and retain skilled workers. This trend is pushing companies to explore automated and semi-automated tools to streamline operations and mitigate labor shortages.
Looking forward, the industry is anticipated to benefit from increased infrastructure spending and government incentives aimed at modernizing and expanding residential and commercial facilities, boosting demand. Additionally, advancements in technology will likely drive higher expectations for service quality and customization options, shaping future market dynamics.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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