Heating up: Strong demand from residential and non-residential building has supported growth

The Air Conditioning and Heating Services industry is responsible for the installation, repair and maintenance of air conditioning, heating, ventilation and refrigeration equipment in buildings and industrial structures. The majority of industry revenue is derived from work in the non-residential property market although many of the industry's small-scale contractors focus on the installation of equipment in the residential building and retrofit markets. The industry derives approximately one-third of its revenue from maintenance and repair work on existing equipment.The industry has displayed solid growth over the past five years reflecting the strong demand conditions in the residential and non-residential building markets...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
4,620
Businesses
1,030
Market Share of Companies

Industry Threats & Opportunities

  • Strong building investment is driving demand for new equipment installation
  • Buoyant demand from the non-residential building market has benefited larger contracting firms
  • Deteriorating demand from the residential building market points to weaker demand for installations
  • Industry Report - Industry Locations Chapter

    The geographic distribution of industry's enterprises closely correlates with the distribution of the national population. The fairly even geographic spread of industry activity reflects the industry's highly fragmented structure and the distribution of many very small-scale contractors that contest narrow markets.The four most populous regions, including Auckland, Waikato, Wellington and Canterbury, account for over 72% of industry enterprises, which outweighs their share of the New Zealand population (67.5%). This reflects the high proportion of industry enterprises located in the Auckland region (41.0%), which well outweighs its share of New Zealand's population. The...purchase to read more.

    Additional Insights for the Air Conditioning and Heating Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Air Conditioning and Heating Services Industry are

  • Ability to compete on tender
  • Having a good reputation
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Demand from residential building construction in the Air Conditioning and Heating Services industry impact industry performance..

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    What's in this report

    What is the Air Conditioning and Heating Services in New Zealand Industry?

    Industry players primarily install air conditioning, refrigeration equipment, heating equipment and air conditioning air ducts.

    Industry Products
  • Air conditioning, heating and ventilation system installation
  • Maintenance and repair services
  • Refrigeration system installation
  • Industry Activities
  • Air conditioning duct work installation
  • Air conditioning equipment installation (except motor vehicle air conditioning equipment)
  • Coolroom refrigerator installation
  • Freezer room construction
  • Heating equipment installation (except industrial furnaces)
  • Oil heater installation
  • Refrigeration equipment installation
  • Ventilation equipment installation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from non-residential building construction
  • Demand from residential building construction
  • Demand from heavy industry and other non-building construction
  • Electricity service price
  • Real household discretionary income

  • Current Performance
  • Profit and jobs growth
  • Downstream building demand
  • Other demand drivers
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit and job losses
  • Building trends diverge
  • Table: Air Conditioning and Heating Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Air Conditioning and Heating Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • House Construction in New Zealand
  • Multi-Unit Apartment and Townhouse Construction in New Zealand
  • Institutional Building Construction in New Zealand
  • Supermarkets, Grocery Stores and Convenience Stores in New Zealand
  • Commercial and Industrial Building Construction in New Zealand

  • Key Selling Industries
  • Architectural and Design Services in New Zealand
  • Engineering Consulting in New Zealand
  • Heating, Cooling and Ventilation Equipment Manufacturing in New Zealand
  • Household Appliance Wholesaling in New Zealand

  • Products & Services
  • Air conditioning, heating and ventilation system installation
  • Maintenance and repair services
  • Refrigeration system installation
  • Chart: Air Conditioning and Heating Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Non-residential builders, property developers and managers
  • Households and residential building contractors
  • Infrastructure developers companies
  • Chart: Major Market Segmentation for the Air Conditioning and Heating Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Air Conditioning and Heating Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Air Conditioning and Heating Services Industry

  • Industry Globalization
    Horizon Energy Distribution Limited,
  • Table: Horizon Energy Distribution Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Air Conditioning and Heating Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Air Conditioning and Heating Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ground Source Or Geothermal Heat Pump
  • This is a heat pump that uses the constant heat of the ground to heat air or water.
  • Heat Pump
  • A heat pump is a device that transfers heat from a source to a destination. Heat pumps are commonly used in New Zealand to transfer heat from outside to help warm buildings.
  • Hvac
  • Heating, ventilation and air conditioning
  • Ventilation
  • The process of exchanging or replacing air within a building to control temperature or remove heat, smoke, odours, dust or moisture.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Air Conditioning and Heating Services in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Air Conditioning and Heating Services in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Air Conditioning and Heating Services in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Air Conditioning and Heating Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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