HVAC Service · Richmond, VA

HVAC Service Market in
Richmond, VA

$492M TAM · Market Score 65/100 · Ranked #46 of 925 MSAs by TAM

Bottom-up market data for the Richmond, VA MSA. Sourced from PinpointIQ's MSA-level intelligence platform.

Total TAM
$492M
rank #46 of 925
Market Score
65/100
rank #55 of 925 · 94th percentile
Operators
465
8,649 employees
Pop. growth (5-yr)
5.6%
rank #245 of 872

Market Score breakdown

How Richmond scored 65/100 for HVAC Service

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Richmond ranks in the 94th percentile nationally for HVAC Service.

ComponentWeightValuePercentile
Cooling Degree Days40%1,54965
Heating Degree Days30%3,77136
HVAC Establishments30%46595

TAM by segment

$492M in Richmond broken down by segment

Hvac Replacement
$397M
81% of total TAM
Hvac Service
$95M
19% of total TAM

Demographic snapshot

Who lives and buys in Richmond

Population
1,341,248
5.6% 5-yr growth
Median HH income
$86,679
24.8% HHs $150K+
Housing units
569,714
16.7% age 65+
GDP per capita
$85,369

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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