HVAC Service Market in
Memphis, TN
$348M TAM · Market Score 68/100 · Ranked #59 of 925 MSAs by TAM
Bottom-up market data for the Memphis, TN MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Memphis scored 68/100 for HVAC Service
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Memphis ranks in the 98th percentile nationally for HVAC Service.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| Cooling Degree Days | 40% | 1,969 | 78 |
| Heating Degree Days | 30% | 3,285 | 30 |
| HVAC Establishments | 30% | 349 | 94 |
TAM by segment
$348M in Memphis broken down by segment
Demographic snapshot
Who lives and buys in Memphis
Frequently asked questions
HVAC Service market in Memphis: common questions
How big is the hvac service market in Memphis, TN?
The hvac service market in Memphis, TN has a total addressable market of $348M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Memphis the #59 largest hvac service market of 925 U.S. MSAs.
How many hvac service companies are in Memphis?
PinpointIQ tracks 349 hvac service establishments in the Memphis MSA, employing approximately 5,311 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Memphis rank nationally for hvac service?
Memphis scores 68/100 on PinpointIQ's HVAC Service Market Score, ranking #24 of 925 U.S. metros — the 98th 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 Memphis?
PinpointIQ scores Memphis's hvac service market on 3 components: Cooling Degree Days (40% weight, 78th percentile); Heating Degree Days (30% weight, 30th percentile); HVAC Establishments (30% weight, 94th 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 Memphis?
Memphis's $348M hvac service TAM breaks down into: Hvac Replacement ($281M, 81% of TAM); Hvac Service ($67M, 19% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Memphis growing? How does population affect the hvac service market?
Memphis has a population of 1,341,924 and has declined 0.2% 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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