Our research aimed to examine the employment number changes across commercial HVAC companies. We took data related to employee counts—and relative insights— from company LinkedIn profiles across the web. Our random sample contains a distribution of small, mid-size, and large companies—covering exactly 1000 businesses.
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How Business Growth Changed For
Commercial HVAC Companies
In The Past 2 Years
We tracked the growth and decline of the HVAC industry throughout COVID and the post-pandemic era.
We discovered which company segments stopped growing after the pandemic.
We analyzed growth data for companies using commercial HVAC software to run their businesses.
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Small Businesses
Although 2021 still presented significant growth opportunities over these six months—particularly for small HVAC businesses—we have seen a steady decline in the growth probability for this particular group, from 45% two years ago to 22% over the past six months. Moreover, this approximate 23% decrease is visible across all midsize and small companies.
BuildOps Technology Growth Factor
We discovered that the average company using the BuildOps platform grows 10.6% faster than a company that uses other software or no software at all (Based on employee growth numbers within a 2-year period - LinkedIn supplied data).
Higher rates of employee turnover are subsiding
The number of companies that have lost employees has varied from 12% to 15% over the past two years. The end of the pandemic presented both growth opportunities and volatility due to employees leaving or being let go. Comparing 6 months to two years ago reveals that there is more stability now with fewer companies losing their workers.
How Business Growth Changed For
Commercial HVAC Companies
In The Past 2 Years
COMMERCIAL HVAC GROWTH DATA
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COMMERCIAL HVAC GROWTH DATA
Some Of The Most
Interesting Topics
Some Of The
Top Findings
Some Of The Most Interesting Topics
BuildOps Technology Growth Factor
We discovered that the average company using the BuildOps platform grows 10.6% faster than a company that uses other software or no software at all (Based on employee growth numbers within a 2-year period - LinkedIn supplied data).
Small Businesses
Although 2021 still presented significant growth opportunities over these six months—particularly for small HVAC businesses—we have seen a steady decline in the growth probability for this particular group, from 45% two years ago to 22% over the past six months. Moreover, this approximate 23% decrease is visible across all midsize and small companies.
Higher rates of employee turnover are subsiding
The number of companies that have lost employees has varied from 12% to 15% over the past two years. The end of the pandemic presented both growth opportunities and volatility due to employees leaving or being let go. Comparing 6 months to two years ago reveals that there is more stability now with fewer companies losing their workers.
Roughly 60% of HVAC Companies Have Experienced Growth Over the Past 2 Years
Of all the HVAC companies that we looked at, 59.4% have experienced growth in the past 2 years. 26% had 0% growth; this was most prevalent amongst companies with less than 20 employees, of which 261 experienced no growth.
In the past 6 years, customer data platforms and tools started increasing in popularity in the industry. Google revealed that the popularity index went from 0 to 100 in the past 6 years for customer data platforms within the construction industry (1 to 100 scale).
Customer Data Platforms
Biggest Challenge
95.5% of all data captured goes unused in the Engineering and Construction (E&C) industry. (Source Aconex Group and Xpera Group).
Roughly 60% of HVAC Companies Have Experienced Growth Over the Past 2 Years
Of all the HVAC companies that we looked at, 59.4% have experienced growth in the past 2 years. 26% had 0% growth; this was most prevalent amongst companies with less than 20 employees, of which 261 experienced no growth.
