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HVAC & Plumbing Contractors (NAICS 23822) Industry Market Research Report

HVAC & Plumbing Contractors - Market Size and Forecast

The HVAC and Plumbing Contractors report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

HVAC & Plumbing Contractors Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021

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.

HVAC & Plumbing Contractors - 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 HVAC & Plumbing Contractors companies in the United States.

HVAC & Plumbing Contractors Revenue by State

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesHVAC & Plumbing Contractors
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

HVAC & Plumbing Contractors - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent 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

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

HVAC & Plumbing Contractors - Financial Ratio Analysis

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

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

HVAC & Plumbing Contractors - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations5%


Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations13%
Construction and Extraction Occupations47%
Construction Trades Workers40%
Pipelayers, Plumbers, Pipefitters, and Steamfitters29%
Plumbers, Pipefitters, and Steamfitters29%
Sheet Metal Workers6%
Sheet Metal Workers6%
Installation, Maintenance, and Repair Occupations26%
Other Installation, Maintenance, and Repair Occupations24%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers21%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers21%

Government Contracts

In 2008, the federal government spent a total of $859,262,445 on the hvac & plumbing contractors industry. It has awarded 9,041 contracts to 2,350 companies, with an average value of $365,644 per company.

HVAC & Plumbing Contractors and Adjacent Industries - Top Companies

($ Millions)


HVAC & Plumbing Contractors Industry Report
GeographyUnited States  
Publication DateSeptember 2020
Report FormatPDF Download  

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