HVACR & Water Heater Industry Generated More Than $211 Billion for U.S. Economy in 2021; Supported More Than 700,000 U.S. Jobs

Date Published: January 02, 2024

Contact: Samantha Slater
AHRI Senior Vice President, Government Affairs

Arlington, Va. – The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) today released the results of 2021 economic analysis conducted on its behalf by the research firm Inforum. Using detailed census data, researchers concluded that HVACR and water heater manufacturers made significant contributions to the nationwide economy, directly and indirectly supporting 704,400 U.S. jobs, with a total economic output of $211.3 billion.

These figures demonstrate that, despite the economic challenges of the Covid-19 pandemic, the industry maintained its status as a strong job creator. Direct employment increased by more than 10,000 jobs between 2017 and 2021, growing from 125,900 to 137,300, reversing a trend that began during the Great Recession of 2008-2009. This number excludes jobs created by other segments of the supply chain such as materials, energy, or shipping.

The report found that manufacturers are, “especially important to states where activity is concentrated.” Texas accounted for the most direct and total output, generating $6.2 billion and $17.8 billion respectively. Other states with sizable output included Missouri, Georgia, and Ohio. California mainly benefited from total output, with the industry generating $8.3 billion in the state through manufacturing jobs, supplier jobs, and spending from industry wages.

The 52-page research report is available here.  

About AHRI

The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) is the trade association representing manufacturers of air conditioning, heating, and commercial refrigeration, and water heating equipment. An internationally recognized advocate for the industry, AHRI develops standards for and certifies the performance of many of these products. AHRI's 300+ member companies manufacture quality, efficient, and innovative residential and commercial air conditioning, space heating, water heating, and commercial refrigeration equipment and components for sale in North America and around the world. Learn more about AHRI’s office in the MENA region here.