At Blue Sky, our commitment to delivering value to small business owners across various sectors motivates us to consistently analyze industry research. In doing so, we aim to provide clients with valuable insights to assist in their business planning.
In this Industry Spotlight, we focus on the U.S. HVAC industry. This sector experienced growth in maintenance due to its necessity for households and businesses from 2018 to 2023. The Commercial Market also rebounded post-COVID-19. High interest rates may impede growth, but tax credits for energy-efficient HVAC systems offer revenue for contractors.
We invite you to review the report below and reach out to our team with any questions.