Major Group SIC 7623 - Refrigeration And Air-conditioning Se...

SIC 7623 - Refrigeration And Air-conditioning Service And Repair Shops

SIC 76 - Miscellaneous Repair Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 762 - Electrical Repair Shops
  SIC 762 - Electrical Repair Shops SIC 763 - Watch, Clock, And Jewelry Repair SIC 764 - Reupholstery And Furniture Repair SIC 769 - Miscellaneous Repair Shops And Related Services
  - SIC 7623 - Refrigeration And Air-conditioning Service And Repair Shops
    SIC 7622 - Radio And Television Repair Shops SIC 7623 - Refrigeration And Air-conditioning Service And Repair Shops SIC 7629 - Electrical And Electronic Repair Shops, Not Elsewhere Classified

Establishments primarily engaged in servicing and repairing household and commercial electrical refrigerators and air-conditioning and refrigeration equipment. Establishments primarily engaged in servicing and repairing gas refrigeration equipment are classified in Industry 7699, and those repairing automotive, air-conditioning equipment are classified in Industry 7539.

Industry trends:

The Refrigeration and Air-conditioning Service and Repair industry (NAICS 7623) has been experiencing notable qualitative trends, driven largely by technological advancements and evolving consumer preferences. One major trend is the increasing adoption of smart and IoT-enabled HVAC systems. These systems are not only energy-efficient but also offer remote monitoring and precision control, which have become highly valued by both residential and commercial customers.

Another trend is the growing emphasis on eco-friendly and sustainable solutions. Customers are increasingly demanding systems that use environmentally friendly refrigerants and have higher energy efficiency ratings. This push is in part due to stricter regulations regarding environmental impact and energy consumption.

The industry is also seeing a rise in predictive maintenance services, facilitated by advanced data analytics and machine learning. Service companies now offer predictive maintenance to preempt system failures and minimize downtime, which is particularly beneficial for commercial clients who rely heavily on HVAC systems for daily operations.

Looking ahead, these trends are expected to gain further traction. The demand for smart HVAC systems is forecasted to grow significantly as the Internet of Things (IoT) continues to expand. Similarly, advancements in green technologies and increasing regulatory pressures will drive the industry toward more sustainable practices. Enhanced predictive maintenance capabilities, underpinned by continuous improvements in AI and machine learning, promise to redefine service standards in the near future.

In summary, the refrigeration and air-conditioning service and repair industry is rapidly evolving with a strong orientation towards smart technologies, sustainability, and proactive maintenance solutions, factors that are set to shape the industry's growth trajectory in the coming years.

This industry is comprised of:

Air-conditioner repair, self-contained units: except automotive

Refrigeration repair service, electric

Refrigerator repair service, electric

Explore related industries:

SIC 3585 - Air-conditioning And Warm Air Heating Equipment And Commercial SIC 3632 - Household Refrigerators And Home And Farm Freezers SIC 5078 - Refrigeration Equipment And Supplies

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