HVAC industry statistics 2023-2022 an d2021
- 15% increase in jobs in the HVAC sector by 2026
- By 2022 the HVAC industry will be short over 138,000 technicians
- By 2020, over 25 billion devices will incorporate Smart technologies
- Maintenance can push the life of an AC unit to over 15 years
- 6% of electric use in the country is for cooling homes and businesses
- From 2016-2020 HVAC industries have 3% rise in revenue
- 2019 amount of new air conditioners grew by 47% over 2017-2018
- 40% of the HVAC workforce work at companies with 10 or less employees
The HVAC industry is growing quicker than average
The Bureau of Labor Statistics expects a 15 percent increase in jobs in the HVAC sector by 2026. If this fact turns out to be true, then this growth is higher than normal. The expansion in this field will open the door for many people to learn a physical trade and earn a good living wage. The competition in the sector will improve the quality of customer service and the craft. It will also create better wage structures for local workers when several firms compete. The best part is there is no experience necessary for entry-level workers who join the field.
With regular maintenance, an A/C system can last as long as 15 years
Aeroseal says air conditioners and central air conditioner units can last from the time your child is born until they reach high school age if you take care of the system correctly. Proper maintenance means yearly cleanings and inspections. Having an annual duct cleaning is also essential to extending the life of your a/c unit. Minimizing the dust and debris that collects on the fan blades and in the motor helps the system run efficiently. Belts and fans need replacements from time to time to keep the HVAC unit running optimally. Extending the life of these systems can save homeowners thousands of dollars over a lifetime.
The Internet of things is growing each year and shows no signs slowing down
By 2020, over 25 billion devices will incorporate Smart technologies. HVAC systems will connect to home automation services allowing homeowners to adjust home temperatures to a comfortable level no matter the temperature or humidity outside. In one year, the innovative systems might track the weather for you and adjust the air conditioning accordingly. The downside is that means more training to learn how to use and work on these new systems is in the future for HVAC technicians and firms.
The workforce may need thousands of HVAC technicians in the next three years
By 2022, projections say the HVAC industry will be short over 138,000 technicians. This shortage means there is plenty of room for new recruits to enter the workforce. Because no experience is required to join the industry, new workers will have an opportunity to learn a skilled trade from the bottom up. This experience may make it possible for new HVAC businesses to start up as small firms serving local communities and filling the anticipated void. All age groups can join this field and have the chance to quickly progress with the proper training and certifications.
Air conditioning uses a large chunk of electricity in the U.S. each year
Six percent of electric use in the country is for cooling homes and businesses. HVAC systems in hotter climates like Texas, California, Arizona, and Florida run constantly in the warmer months. Humid climates like Louisiana, Georgia, and Alabama run air conditioners regularly too. When these systems are operating inefficiently, they use more energy. Homeowners can help the environment by getting regular maintenance for air conditioners and central air units. Businesses can use Smart technologies to create schedules for the highest air conditioning use and to turn the systems down when the building has few or no occupants.
HVAC firms need to market online to reach new customers
Over 90 percent of people getting on Facebook do so from a cell phone. Businesses that are not taking advantage of advertising in this sector are missing out on tons of potential customers. People are looking for a nearby company on lunch breaks and while waiting for the bus. No one waits until they get home to do a search for an HVAC tech because it is so easy to schedule appointments and check referrals online. If your business is not advertising on social media, then you may not survive to compete because your competitors are all over the web. If customers never make it to the door, then no amount of money and effort you put into service, variety, or package deals will matter.
Total revenue for the HVAC industry continues to rise
Over the past five years, this sector has seen almost a three percent rise in revenue. As new businesses emerge, home construction rates rise, and existing businesses upgrade to Smart technologies, the growth is expected to continue. While the cost of the equipment upgrades is part of the reason for the increase, several factors will probably affect this growth for some time including temperature increases from global warming.
Shipments of HVAC units are increasing
In 2018, the number of air conditioners and central air units grew by nearly four percent compared to 2017. This number means over 20,000 cooling systems were added in one years’ time. The additional shipments lend further proof to growth in the field. The annual growth proves the sector is advancing quickly. The need for certified and licensed professionals in this field is evident with the added shipments, increased revenue, and the addition of new HVAC businesses. If this trend continues this quickly, then it might be true that a massive shortage of licensed professionals will be clear in three years or fewer.
Most HVAC workers are employed at small firms
Almost 40 percent of the workforce for heating and air conditioning work at companies with ten or fewer employees. This fact means the growth is happening in cities all across the country. Every school, business, and home wants to have control over the indoor environment. Apprenticeship programs and partnerships with community colleges and technical schools may help these firms find new workers. National programs to encourage technical training could also help the situation. Medium-sized firms follow close behind making up 32 percent of the HVAC services and repair industry. Only a small fraction of HVAC firms are large brands, so the growth of small HVAC businesses should continue.