FedFathom Research

Find the signal inside federal spend.

Original, source-linked analysis for contractors deciding which buyers, incumbents, codes, and award histories deserve a closer look.

Market map · NAICS 238220

The federal HVAC market looks like $3.2 billion—until you ask who buys it and how it is coded

Three complete fiscal years reveal a buyer-concentrated, supplier-fragmented, and vocabulary-fragmented federal market.

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$3.165BFY2023–FY2025 obligations
73.8%DoD and VA share
12,667contract awards