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Heating & Air-Conditioning Equipment Manufacturing in North Carolina

Author.Name IBISWorld United States Last Updated: March 2026 NAICS NC33341

Heating & Air-Conditioning Equipment Manufacturing in North Carolina industry analysis

The Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina is expected to grow an annualized x.x% to $x.x billion over the five years to 2026, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2031, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Heating & Air-Conditioning Equipment Manufacturing in North Carolina Market Research Report

What’s Included in the Heating & Air-Conditioning Equipment Manufacturing in North Carolina Market Research Report

Definition of the Heating & Air-Conditioning Equipment Manufacturing in North Carolina?

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 North Carolina?

The Heating & Air-Conditioning Equipment Manufacturing in North Carolina 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 North Carolina 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 North Carolina

Benchmark the Heating & Air-Conditioning Equipment Manufacturing in North Carolina industry performance with all NC county and national performance.

Heating & Air-Conditioning Equipment Manufacturing in North Carolina

#10 in Highest Revenue 3.9% of state's GDP
Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

Heating & Air-Conditioning Equipment Manufacturing in the US


Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

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

Key Drivers of the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina

See how key industry drivers, such as population, median houshold income, house price index, value of private nonresidential construction, value of residential construction and trade-weighted index are impacting Heating & Air-Conditioning Equipment Manufacturing in North Carolina

North Carolina Economic Indicators

Population
Median Houshold Income
House Price Index

View more economic information in NC State Economic profile

US Key External Drivers

Value of private nonresidential construction
Value of residential construction
Trade-weighted index

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

County Data of the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina

Access proprietary data on county in the Heating & Air-Conditioning Equipment Manufacturing in North Carolina, such as Mecklenburg County, Catawba County and Davidson County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina

Download 19 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 North Carolina in 2026?

The market size of the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina is $2.4bn in 2026.

How many businesses are there in the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina in 2026?

There are 66 businesses in the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina, which has been declining at an average annual rate of -0.6% from 2021 to 2026.

Has the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina grown or declined over the past 5 years?

The market size of the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina has been growing at an average annual rate of 2.6% from 2021 to 2026.

How many employees in the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina in 2026?

There are 6,441 employees in the Heating & Air-Conditioning Equipment Manufacturing industry in North Carolina, which has been growing at an average annual rate of 3.2% from 2021 to 2026.