Is their really a big opportunity in the HVAC industry?

The industry’s revenue exceeded $31 billion USD in 2008. Gross profits reaching almost 30% with imports valued at over $6.5 billion USD. Based on revenue and profit alone, I would have to say that there is enough to go around, making the HVAC business a good vertical to be in!

Current trends in energy costs, technology, and environmental concern have also helped the HVAC sector to evolve and expand. More information on efforts towards environmental sustainability and the HVAC industry can be seen on the ASHRAE website.

So where does the average entrepreneur fit in? Here are several key points of opportunity:

• Service provision – services connected to maintaining HVAC equipment, installation of a/c units and other equipment to consumers.
• B2B – connecting with building contractors to manage and sub contract ventilation and other HVAC needs for larger building and development projects
• HVAC Technologies and Tools – everything from testing instruments to HVAC software. The innovation of technologies that support and advance the provision of HVAC services and parts are an excellent entry point for businesses and investors.
• HVAC training / education – vocational training and courses.
• Import / Export – services and consulting – focused on HVAC related goods and services (In 2008 the industry’s shipping value exceed $32 Billion USD)!

There is plenty of room in the HVAC industry for business minded individuals who can identify trends and capilatize on opportunities!