HVAC Service Market in
Providence, RI
$754M TAM · Market Score 61/100 · Ranked #31 of 925 MSAs by TAM
Bottom-up market data for the Providence, RI MSA. Sourced from PinpointIQ's MSA-level intelligence platform.
Market Score breakdown
How Providence scored 61/100 for HVAC Service
PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Providence ranks in the 84th percentile nationally for HVAC Service.
| Component | Weight | Value | Percentile |
|---|---|---|---|
| Cooling Degree Days | 40% | 744 | 33 |
| Heating Degree Days | 30% | 5,618 | 62 |
| HVAC Establishments | 30% | 772 | 97 |
TAM by segment
$754M in Providence broken down by segment
Demographic snapshot
Who lives and buys in Providence
Frequently asked questions
HVAC Service market in Providence: common questions
How big is the hvac service market in Providence, RI?
The hvac service market in Providence, RI has a total addressable market of $754M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Providence the #31 largest hvac service market of 925 U.S. MSAs.
How many hvac service companies are in Providence?
PinpointIQ tracks 772 hvac service establishments in the Providence MSA, employing approximately 6,540 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.
How does Providence rank nationally for hvac service?
Providence scores 61/100 on PinpointIQ's HVAC Service Market Score, ranking #151 of 925 U.S. metros — the 84th 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 Providence?
PinpointIQ scores Providence's hvac service market on 3 components: Cooling Degree Days (40% weight, 33th percentile); Heating Degree Days (30% weight, 62th percentile); HVAC Establishments (30% weight, 97th 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 Providence?
Providence's $754M hvac service TAM breaks down into: Hvac Replacement ($609M, 81% of TAM); Hvac Service ($145M, 19% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.
Is Providence growing? How does population affect the hvac service market?
Providence has a population of 1,684,071 and has grown 4.4% 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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