The HVAC Repair Market

An industry that’s heating up in a number of ways

While certain sectors of the repair, maintenance, and service industries face decline or uncertainty, HVAC is not one of them.

A recent Bloomberg report shows job availability in the sector has grown, despite the manufacturing of HVAC products being on the decline. In other words, it’s a better time to be repairing these products than making them.

Much of this can be attributed to air conditioning repair in states that are hotter year-round (lucky you, Florida), but there’s even been a spike in business during winter, as NBC news reported recently. This occurs annually, to some degree, when lower temperatures cause an increase in repair calls and installation for heating machinery.

Profitability in the sector matriculated down to supply and protective wear, intersecting with companies who make products designed for workplace safety and health, in addition to some companies who don’t. Another report details how Brady, a Greensboro, N.C. company, outfitted its HVAC technicians with new smart glasses. The enhancement was applied to 150 of the company’s techs to provide better repair analysis and video recordings of all their work.

The boom has even been noticeable enough to tempt criminal activity. On November 16th, two Kingsport men plead guilty in an HVAC repair scheme in Greenville, Tennessee. For nearly two years, the two men submitted false HVAC repair claims, collecting more than $310,000 in cash for work never done and another $180,000 in credit for parts never used. Law enforcement officials found them guilty in the U.S. District Court of Greenville, and they both face federal prison time and a potential fine of $250,000. The men’s names are Jimmy Allen Hulse and Randy Gerald Harkleroad. The charges are one count of conspiracy to commit wire fraud and mail fraud, which is an offense that carries up to 20 years in prison and the maximum fine of $250,000.

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