$1.5bn
$XXX.Xm
1,270
43
$XXX.Xm
The commercial market, traditionally a critical arena for steam and air-conditioning suppliers, exhibited significant setbacks during the pandemic as businesses closed temporarily, leading to a sharp dip in revenue. The recovery of this sector lagged behind the overall economic rebound because of their long project times. Even so, emerging markets like schools, hospitals and other institutional buildings have provided a glimmer of hope by embracing cost-effective and reliable district energy systems over traditional heating and cooling systems. Revenue has dipped slightly at a CAGR of 2.9% through 2024, reaching $1.5 billion. This includes a 1.1% uptick in 2024 alone. While revenue was pushed down, suppliers were able to cut wages and reduce headcount to sustain profitability,
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated $1.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Clearway Energy, Inc. | 212.4 | 36.5 | 17.2 |
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Industry revenue is measured across several distinct product and services lines, including Steam and air-conditioning, Electricity and Other. Steam and air-conditioning is the largest segment of the Steam & Air-Conditioning Supply in the US.
Steam and air-conditioning remain the biggest money maker
Operators in this industry supply district energy for heating and cooling. Typically, they generate hot and cold water or steam via closed mains systems to cool or heat commercial or residential buildings. Only companies whose primary operations involve steam and air-conditioning supply are included in the industry; large utility companies that provide steam and air-conditioning in addition to other more extensive operations are not included in the industry.
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NAICS 22133 - Steam & Air-Conditioning Supply in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Combined heat and power plants allow suppliers to reuse the waste heat created during the energy-generation process to create more energy. This method is more energy-efficien...
Learn about an industry's products and services, markets and trends in international trade.
Steam and air conditioning remain the most extensive product segment. Companies also offer other services, like electricity and natural gas distribution, as well as wastewate...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Steam and air-conditioning suppliers locate themselves near downstream markets, making the Mid-Atlantic the most popular choice for setting up establishments. New York City h...
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.
District energy is often provided by a single supplier operating within a defined geographical region like a downtown district. Because of large distances, direct competition...
Learn about the performance of the top companies in the industry.
Clearway Energy Inc. is vertically integrated. This allows them to leverage economies of scale, which reduces purchase costs and increases profitability.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Steam and air-conditioning suppliers are under heavy environmental regulation. These include the Clear Water Act, Resource Conservation and Recovery Act, Clean Air Act and th...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the most significant expense for steam and air-conditioning suppliers. These primarily include fuel like natural gas, which is required to create steam or chill...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Steam & Air-Conditioning Supply in the US industry in United States is $1.5bn in 2024.
There are 43 businesses in the Steam & Air-Conditioning Supply in the US industry in United States, which has declined at a CAGR of 1.3 % between 2019 and 2024.
The market size of the Steam & Air-Conditioning Supply in the US industry in United States has been declining at a CAGR of 2.9 % between 2019 and 2024.
Over the next five years, the Steam & Air-Conditioning Supply in the US industry in United States is expected to grow.
The biggest company operating in the Steam & Air-Conditioning Supply market in United States is Clearway Energy, Inc.
Generation and distribution of steam for heating and Generation and distribution of chilled air or water for cooling are part of the Steam & Air-Conditioning Supply in the US industry.
The company holding the most market share in United States is Clearway Energy, Inc..
The level of competition is moderate and steady in the Steam & Air-Conditioning Supply in the US industry in United States.