Sector: HVAC

Market Overview: The heating, ventilation, and air conditioning (HVAC) market is the largest energy- efficient product sector in the United States in terms of dollar volume and boasts a significant amount of domestic manufacturing. Products made here feed the domestic market and are exported to some 230 markets around the world.

The market for advanced HVAC products is growing, fueled primarily by the ongoing replacement of older units as well as continued demand from regulators and consumers for new and increasingly efficient products. In fact, over half of the U.S. market for these more efficient are for the replacement of old units versus units for new residential and commercial construction. However, with new housing starts expected to grow over 6 percent in the next five years, this portion of the market will expand.

Large HVAC equipment such as central air conditioning, furnaces and boilers continue to be made in the United States with significant domestic content, while smaller products—such as window air conditioners, dehumidifiers, humidifiers and ceiling fans (except for high end)—are manufactured outside the United States. Exhaust fans and similar ventilation products are an exception to the size rule as they are made both domestically and overseas. Some OEMs manufacturing in the United States—including Air King Limited and Fantech—source and assemble over 60 percent of the product in the United States, but import the motor—the most expensive component. Broan Nutone manufactures 65 percent of their product line at their flagship U.S. manufacturing facility with 85 percent domestic content. This company is actually expanding their U.S. facilities to meet increased exports to China.

Interestingly, the concentration of large manufacturers in the HVAC market is relatively low with the top four companies expected to account for just 28 percent of total industry revenue. The diverse set of products manufactured for the HVAC market has attracted the investment of a many small to medium-sized manufacturers, many of them with 50 employees or less. While the larger OEMs are more nationally recognized, there are still smaller, independently owned and operated U.S. manufacturers making products such as boil­ers and geothermal systems to meet regional market needs. Additionally, products associated with HVAC installation like ductwork and insulation are also manufactured domestically.

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Company Location
Weil-McLain Michigan City, Indiana
Wessels Company Greenwood, Indiana
Westermeyer Industries Bluffs, Illinois
Western Westlake, Ohio
Western Industries Inc. Winfield, Kansas
Wieland Copper Products LLC Pine Hall, North Carolina
Wieland Metals Inc. Wheeling, Illinois
Williamson-Thermoflo Milwaukee, Wisconsin
Wilo USA LLC Thomasville, Georgia
Wilo USA LLC Rosemont, Illinois
Windgate Products Company Inc. San Fernando, California
Wolverine Tube Inc. Ardmore, Tennessee
Wolverine Tube Inc. Decatur, Alabama
Wonder Metals Redding, California
WSM Industries Wichita, Kansas
XeteX Inc. Minneapolis, Minnesota
Xylem Inc. Rye Brook, New York
Xylem Inc. Morton Grove, Illinois
Xylem Inc. Cheektowaga, New York
Xylem Inc. Dallas, Texas
York Airside Products Group York, Pennsylvania
York Unitary Products Group Wichita, Kansas
York Unitary Products Group Norman, Oklahoma
ZEN Industries Inc. Cleveland, Ohio
Zinger Sheet Metal Company Grand Rapids, Michigan
ZM Sheet Metal Winchester, Virginia
ZM Sheet Metal Chantilly, Virginia
Zone Enterprises St. Louis, Missouri
Zotefoams Inc. Walton, Kentucky
Zotefoams MidWest LLC Tulsa, Oklahoma