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Heating & Air Conditioning Equipment Manufacturing in New Mexico

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NM33341

Heating & Air Conditioning Equipment Manufacturing in New Mexico industry analysis

The Heating & Air-Conditioning Equipment Manufacturing industry in New Mexico is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x%. Industry establishments are forecast to grow x.x% to x locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Heating & Air Conditioning Equipment Manufacturing in New Mexico Market Research Report

What’s Included in the Heating & Air Conditioning Equipment Manufacturing in New Mexico Market Research Report

Definition of the Heating & Air Conditioning Equipment Manufacturing in New Mexico?

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 acknowledgments for repair, scrap and refuse sales. Automotive units are excluded from this industry.

What’s included in the Heating & Air Conditioning Equipment Manufacturing in New Mexico?

The Heating & Air Conditioning Equipment Manufacturing in New Mexico includes air-conditioning, warm-air heating and refrigeration equipment, unitary air conditioners, heating equipment (except warm-air furnaces), air purification equipment and commercial and industrial fans and blowers. Related terms covered in the Heating & Air Conditioning Equipment Manufacturing in New Mexico industry report includes a common type of refrigerant used in air-conditioning systems that has been phased out because it has been proven to contribute to the depletion of the ozone layer, a type of cfc, particularly hcfc-22 or r-22, which was initially thought to be more environmentally friendly than other cfcs but has also been phased out of production and is no longer imported and a chemical compound or coolant used to achieve low temperatures in air conditioning and refrigeration equipment.

Industry Performance of the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico

Benchmark the Heating & Air Conditioning Equipment Manufacturing in New Mexico industry performance with all NM county and national performance.

Heating & Air Conditioning Equipment Manufacturing in New Mexico

#42 in Highest Revenue 0.2% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heating & Air-Conditioning Equipment Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico

See how key industry drivers, such as population, per capita disposable income, median houshold income, value of private nonresidential construction, value of residential construction and per capita disposable income are impacting Heating & Air Conditioning Equipment Manufacturing in New Mexico

New Mexico Economic Indicators

Population
Per Capita Disposable Income
Median Houshold Income

View more economic information in NM State Economic profile

US Key External Drivers

Value of private nonresidential construction
Value of residential construction
Per capita disposable income

For the full list of industry drivers, see report purchase options.

County Data of the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico

Access proprietary data on county in the Heating & Air Conditioning Equipment Manufacturing in New Mexico, such as Dona Ana County, Bernalillo County and San Juan County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico in 2025?

The market size of the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico is $96.9m in 2025.

How many businesses are there in the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico in 2025?

There are 4 businesses in the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico grown or declined over the past 5 years?

The market size of the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico has been growing at an average annual rate of 2.9% from 2020 to 2025.

How many employees in the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico in 2025?

There are 474 employees in the Heating & Air Conditioning Equipment Manufacturing industry in New Mexico, which has been growing at an average annual rate of 3.4% from 2020 to 2025.