2024 Plumbing, Heating & Air-Conditioning Contractors Industry Statistics Report

Plumbing, Heating & Air-Conditioning Contractors - Market Size and Industry Forecast

The 2024 Plumbing, Heating and Air-Conditioning Contractors Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Plumbing, Heating & Air-Conditioning Contractors industry.

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)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

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.

Plumbing, Heating & Air-Conditioning 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 Plumbing, Heating & Air-Conditioning Contractors companies in the United States.

Plumbing, Heating & Air-Conditioning Contractors Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesPlumbing, 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 - 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

Plumbing, Heating & Air-Conditioning 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

Plumbing, Heating & Air-Conditioning 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 the past, 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.

Plumbing, Heating & Air-Conditioning Contractors and Adjacent Industries - Top Companies

($ Millions)


Plumbing, Heating & Air-Conditioning Contractors Industry Research
GeographyUnited States  
Publication DateMay 2024
Report FormatPDF Download  PDF

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