2025 Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing Industry Report

Industry Overview

This U.S. industry comprises establishments 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. Illustrative Examples: Air-conditioning and warm air heating combination units manufacturing Air-conditioning compressors (except motor vehicle) manufacturing Air-conditioning condensers and condensing units manufacturing Dehumidifiers (except portable electric) manufacturing Heat pumps manufacturing Humidifying equipment (except portable) manufacturing Refrigerated counter and display cases manufacturing Refrigerated drinking fountains manufacturing Snow making machinery manufacturing Soda fountain cooling and dispensing equipment manufacturing
Source: U.S. Census Bureau

Market Size and Industry Forecast

The Air-Conditioning, Heating and Commercial and Industrial Refrigeration Equipment Manufacturing industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing Industry Product Mix

Product Description	Description	Revenue ($ Millions)
AC, refrigeration, and forced air heating
Heat transfer equip., mech. refrigerated, self-contained
Commercial refrigerators and related equipment
Comm. refrigerated sect.coolers/cooling rooms, prefab. type
Comm. reach-in refrig/vert. display cabs., normal temp. apps.
Comm. reach-in refrig/vert. display cabinents., low temp. apps.
Comm. closed refrigerated display cases, normal temp. apps.
Comm. open, one level, self-serv. refrig. displays, normal temp.
Comm. open, multilevel, self-serv. refrig. displays, norm. temp.
Comm. open, self-service refrig. frozen food display cases

Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	7%
Chief Executives	0%
General and Operations Managers	2%
Architecture and Engineering Occupations	10%
Engineers	7%
Office and Administrative Support Occupations	10%
Production Occupations	52%
Assemblers and Fabricators	17%
Assemblers and Fabricators, All Other, Including Team Assemblers	12%
Metal Workers and Plastic Workers	26%
Machinists	7%
Machinists	7%
Welding, Soldering, and Brazing Workers	6%
Welders, Cutters, Solderers, and Brazers	6%
Other Production Occupations	6%

Government Contracts

The federal government spent an annual total of $104,129,448 on the air-conditioning, heating & commercial & industrial refrigeration equipment manufacturing industry. It has awarded 3,018 contracts to 747 companies, with an average value of $139,397 per company.

Top Companies in Air-Conditioning, Heating & Commercial & Industrial Refrigeration Equipment Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)