$10.6bn
$XXX.Xm
18,276
6,798
$X.Xbn
Industry businesses have faced varied trends in key building markets. Installation and maintenance work in the non-residential property market represents the principal source of industry revenue. However, installation work on high-rise apartment developments has become a crucial revenue source over the past decade. The industry also installs climate-control systems, ducting and ventilation on engineering structures like refineries and tunnels, which rely on mining and infrastructure development trends.The economic fallout from the pandemic adversely impacted the industry's performance, leading to a slump in industry revenue at an annualised 1.8% over the past five years, totalling an estimated $10.6 billion in 2023-24. Before the pandemic, the industry derived robust demand for installing sophisticated climate-control systems in non-residential buildings. However, deteriorating demand from the apartment and townhouse construction market contributed to the drop in industry revenue and profitability. Many small-scale industry businesses specialising in domestic air conditioning and heating services benefited from a boost to single-unit housing construction and major renovation owing to the Federal Government's HomeBuilder scheme and record low interest rates. However, the withdrawal of fiscal stimulus and an upward correction in interest rates points to a sharp reduction in demand for domestic installation activity over the past two years. Volatile economic conditions are anticipated to shrink industry revenue by 3.7% in 2023-24.The recovery in demand from the residential and non-residential building markets is set to underpin industry expansion in the coming years. The increasing focus on energy-efficient products will also impact industry activities. Overall, industry revenue is projected to increase at an annualised 1.6% over the five years through 2028-29 to reach $11.5 billion. The ongoing demand for maintenance and repairs to existing air conditioning and heating systems will continue to support the industry's performance going forward.
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $10.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
A G Coombs | 318.9 | |
D&E Air Conditioning Pty Limited | 318.9 | |
Ellis Air Conditioning Pty Ltd | 318.9 |
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Industry revenue is measured across several distinct product and services lines, including Air conditioning and heating system installation, Air conditioning and heating system maintenance and repair and Refrigeration system installation. Air conditioning and heating system installation is the largest segment of the Air Conditioning and Heating Services in Australia.
Subdued construction activity has contracted demand for air conditioning and heating system installation
Industry contractors and firms specialise in installing household, industrial and commercial heating, refrigeration and air conditioning equipment. Industry operators also install air conditioning duct work.
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ANZSIC 3233 - Air Conditioning and Heating Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High interest rates have constrained the spending abilities of households. This trend has waned industry demand from the residential building markets.
Learn about an industry's products and services, markets and trends in international trade.
The industry derives substantial revenue from air conditioning and heating system maintenance and repair. Increasing compliance requirements in line with the National Austral...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Climate conditions influence demand for different HVAC services. Air conditioning units are more commonly fitted in new houses built in the hotter northern states, while duct...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Industry businesses face high competition in each geographically dispersed market. This is true, especially for small-scale contractors that compete on a regional basis.
Learn about the performance of the top companies in the industry.
The industry has no Major Companies. The industry is highly fragmented and includes many small-scale businesses that make up minuscule shares of industry revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is highly regulated, which includes stringent registration and licensing controls. The industry is also subject to regulatory controls regarding ozone-depleting ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The pandemic has significantly impacted industry profitability trends. Weak demand and pandemic-related supply chain disruptions have contracted profit margins over the past ...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Air Conditioning and Heating Services industry in Australia is $10.6bn in 2024.
There are 6,798 businesses in the Air Conditioning and Heating Services industry in Australia, which has declined at a CAGR of 0.2 % between 2018 and 2023.
The market size of the Air Conditioning and Heating Services industry in Australia has been declining at a CAGR of 1.8 % between 2018 and 2023.
Over the next five years, the Air Conditioning and Heating Services industry in Australia is expected to grow.
The biggest companies operating in the Air Conditioning and Heating Services market in Australia are A G Coombs, D&E Air Conditioning Pty Limited and Ellis Air Conditioning Pty Ltd
Air conditioning and heating system installation and Air conditioning and heating system maintenance and repair are part of the Air Conditioning and Heating Services industry.
The company holding the most market share in Australia is A G Coombs.
The level of competition is high and increasing in the Air Conditioning and Heating Services industry in Australia.