HVAC Service Market in
Baltimore, MD
$1.1B TAM · Market Score 72/100 · Ranked #24 of 925 MSAs by TAM
Bottom-up market data for the Baltimore, MD MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Baltimore scored 72/100 for HVAC Service
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Baltimore ranks in the 100th percentile nationally for HVAC Service.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| Cooling Degree Days | 40% | 2,145 | 82 |
| Heating Degree Days | 30% | 3,444 | 32 |
| HVAC Establishments | 30% | 982 | 98 |
TAM by segment
$1.1B in Baltimore broken down by segment
Demographic snapshot
Who lives and buys in Baltimore
Frequently asked questions
HVAC Service market in Baltimore: common questions
How big is the hvac service market in Baltimore, MD?
The hvac service market in Baltimore, MD has a total addressable market of $1.1B, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Baltimore the #24 largest hvac service market of 925 U.S. MSAs.
How many hvac service companies are in Baltimore?
PinpointIQ tracks 982 hvac service establishments in the Baltimore MSA, employing approximately 14,088 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Baltimore rank nationally for hvac service?
Baltimore scores 72/100 on PinpointIQ's HVAC Service Market Score, ranking #2 of 925 U.S. metros — the 100th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for hvac service operators and investors.
What drives hvac service demand in Baltimore?
PinpointIQ scores Baltimore's hvac service market on 3 components: Cooling Degree Days (40% weight, 82th percentile); Heating Degree Days (30% weight, 32th percentile); HVAC Establishments (30% weight, 98th percentile). The weights are calibrated to the hvac service vertical and applied consistently across every U.S. MSA.
What are the biggest hvac service sub-segments in Baltimore?
Baltimore's $1.1B hvac service TAM breaks down into: Hvac Replacement ($927M, 81% of TAM); Hvac Service ($221M, 19% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Baltimore growing? How does population affect the hvac service market?
Baltimore has a population of 2,849,436 and has grown 2.1% over the last 5 years. Population change is one of the drivers of hvac service demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.
TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.
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