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AHRI Releases Economic Analysis of HVAC&R Industry
2017/11/23
The U.S. heating, ventilation, air conditioning, commercial refrigeration, (HVAC&R) and water heating industry has bounced back from the Great Recession and has surpassed its 2008 economic indicators, according to a report issued on October 11 by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
 
The report found that in 2015, the most recent year figures are available, the industry shipped US$ 42 billion worth of products and equipment to consumers in the United States. Although manufacturers alone account for about 125,000 U.S. jobs, together with upstream suppliers, and downstream distributors, that number increases 883,100 U.S. jobs. In addition to these jobs, there are approximately 408,000 jobs associated with installation, construction, and maintenance related to HVAC&R which combine to bring the total number of jobs, including contractors, to nearly 1.3 million. The manufacturer jobs alone generated US$ 15.5 billion of value added to the U.S. economy on US$ 10.1 billion of labor compensation.
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