2025 Plumbing, Heating & Air-Conditioning Contractors Industry Report
Industry Overview
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.
Illustrative Examples:
Cooling tower installation
Heating, ventilation, and air-conditioning (HVAC) contractors
Duct work (e.g., cooling, dust collection, exhaust, heating, ventilation) installation
Lawn sprinkler system installation
Fire sprinkler system installation
Mechanical contractors
Fireplace, natural gas, installation
Refrigeration system (e.g., commercial, industrial, scientific) installation
Furnace installation
Sewer hookup and connection, building Source: US Census Bureau
Market Size and Industry Forecast
The Plumbing, Heating and Air-Conditioning Contractors 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 Plumbing, Heating & Air-Conditioning Contractors 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
Industry Revenue ($ Billions)
2018
2019
2020
2021
2022
2023
2024
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 Plumbing, Heating & Air-Conditioning Contractors companies in the United States.
Plumbing, Heating & Air-Conditioning Contractors Revenue by State
Distribution by Company Size
Company Size
All Industries
Plumbing, Heating & Air-Conditioning Contractors
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)
Plumbing, Heating & Air-Conditioning Contractors 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
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
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
Plumbing, Heating & Air-Conditioning Contractors Industry Compensation and Salary Surveys
Title
Percent of Workforce
Bottom Quartile
Average (Median) Salary
Upper Quartile
Management Occupations
5%
Chief Executives
0%
General and Operations Managers
2%
Office and Administrative Support Occupations
13%
Construction and Extraction Occupations
47%
Construction Trades Workers
40%
Pipelayers, Plumbers, Pipefitters, and Steamfitters
29%
Plumbers, Pipefitters, and Steamfitters
29%
Sheet Metal Workers
6%
Sheet Metal Workers
6%
Installation, Maintenance, and Repair Occupations
26%
Other Installation, Maintenance, and Repair Occupations
24%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers
21%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers
21%
Government Contracts
The federal government spent an annual total of $859,262,445 on the plumbing, heating & air-conditioning contractors industry. It has awarded 9,041 contracts to 2,350 companies, with an average value of $365,644 per company.
Top Companies in Plumbing, Heating & Air-Conditioning Contractors and Adjacent Industries
Company
Address
Revenue ($ Millions)
Report Objectives
For Private Equity Firms & Investors
Analyze unbiased statistics for the Plumbing, Heating & Air-Conditioning Contractors market
Review historical and forecasted growth trends
Benchmark companies against the industry average
For Business Executives
Develop a strategy based on concrete statistics
Identify opportunities based on market size and growth rates
For Startups
Get the information you need for the "Market Analysis" section of your business plan
Show market size in the U.S. and by state
For Venture Capital
Understand market opportunity and current size
Evaluate the market potential of a disruptive technology in the Plumbing, Heating & Air-Conditioning Contractors industry
