Industry Analysis & Industry Trends
The Plumbing, Heating and Air Conditioning Installation industry accounts for an estimated 15% of specialised construction trade activities. Operators in the industry install and repair boilers, central heating, air conditioning and drainage systems. The majority of the industry's services are undertaken in the residential and commercial construction markets, making its performance heavily dependent on these industries. Conditions in these markets have improved recently. Although a degree of uncertainty has lingered, as evidenced by the industry's contraction in 2013-14, demand for plumbing, heating and air conditioning services has mostly grown over the past five years. Revenue is expected to increase at a compound annual rate of 3.5% over the five years through 2016-17... purchase to read more
Industry Report - Industry Products Chapter
Most industry revenue comes from installing plumbing and heating in new buildings and homes. Demand for all industry services declined sharply during the economic downturn as construction activity halted amid weak economic conditions. Although economic conditions and demand for construction have recovered over the past five years, installation services were particularly affected by the contraction in activity prior to the start of the period. As a result, repair services have generated a growing portion of industry revenue for much of the past five years.
Central heating services
The industry generates an estimated 43.5% of its revenue from installing central heating and then maintaining and repairing the equipment that has been provided. Lar.. purchase to read more