Heating & Air Conditioning Equipment Manufacturing in Ohio - Industry Market Research Report

Playing It Cool: An Increased Value of Residential Construction Will Likely Result in Rising Demand

Heating & Air Conditioning Equipment Manufacturing in Ohio

Over the five years to 2018, revenue for the Heating and Air Conditioning Equipment Manufacturing industry in Ohio is expected to fall. Despite an overall increase in demand from the industry's key end markets, such as the residential and nonresidential construction sectors, the industry in Ohio manufactures generic industry-relevant equipment whose prices are not competitive. Overall construction activity in the state has also increased over the past five years. This trend has helped increase demand; however, limited product and customer diversity among industry operators has limited revenue and profitability growth. Over the five years to 2023, industry revenue is expected to increase. This growth will lead to operators experiencing an increase in demand from downstream construction sectors as well as food service and storage operators.

Companies in this industry manufacture residential, commercial and industrial heating, ventilation, air conditioning and refrigeration (HVACR) equipment. Industry revenue includes miscellaneous receipts for the resale of products without further manufacturing, contract work done for others on respective items and acknowledgements for repair, scrap and refuse sales. Automotive units are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.