NAICS 23822 - Plumbing, Heating, and Air-Conditioning Contractors
This industry comprises establishments primarily engaged in installing and servicing plumbing, heating, and air-conditioning equipment. Contractors in this industry may provide both parts and labor when performing work. The work performed may include new work, additions, alterations, maintenance, and repairs.
Industry trends:
The "NAICS 23822, Plumbing, Heating, and Air-Conditioning Contractors" industry is witnessing a variety of qualitative trends reflecting broader societal and technological shifts. One prominent trend is the increasing emphasis on sustainability and energy efficiency. Consumers and businesses are more inclined toward eco-friendly HVAC systems and energy-efficient plumbing solutions, driven by both regulatory pressures and growing environmental awareness. This has led to a surge in the demand for green technologies, such as solar water heaters and high-efficiency HVAC systems.
Another notable trend is the integration of smart technology. Smart thermostats, sensor-based systems, and app-controlled HVAC solutions are gaining traction, as end-users seek enhanced control and better energy management. The Internet of Things (IoT) is playing a crucial role, enabling real-time monitoring and predictive maintenance, which reduces downtime and improves service efficiency.
Labor shortages and the aging workforce are also significant challenges the industry faces. This has spurred interest in workforce development programs and partnerships with technical schools to attract new talent. Moreover, companies are investing in training programs to upskill their existing workforce in new technologies and sustainable practices.
Looking ahead, the industry is expected to continue its shift towards sustainable and smart technologies. Regulatory changes, such as stricter energy efficiency standards and environmental regulations, will further drive this trend. Additionally, advancements in technology and the growing adoption of IoT will likely lead to more sophisticated and integrated service offerings. The focus on workforce development will remain critical to ensure a steady supply of skilled labor to meet rising demand.
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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