The North America air conditioning systems market size is anticipated to reach USD 35.66 billion by 2030, expanding at a CAGR of 5.5% during the forecast period. The rising construction spending in residential, commercial, and industrial sectors is anticipated to drive growth. In addition, over the next six years, the growth is anticipated to be fueled by favorable regulatory initiatives for energy efficiency. It is also anticipated to be fueled by elements like the tourist and construction industries' optimistic expansion.
The rising disposable incomes are expected to promote the use of a range of air conditioning systems. Additionally, elements like the rising customer preference for energy-efficient systems and the expanding use of portable systems are anticipated to favorably affect the expansion of the air conditioning systems market in North America.
Product development and innovation have benefited from technological advances. Over the course of the projected period, the North America air conditioning systems industry may be hampered by intense rivalry from other regional markets and cheaper products supplied by Chinese manufacturers. Over the next six years, there should be opportunities for the market. Participants due to expanding application areas, such as the usage of portable air conditioning systems in tents for outdoor activities.
The growth of the market is further driven by the increased popularity of smart devices that can transform traditional remote-controlled air conditioners into smart gadgets. Room air conditioner demand is being fueled by rising housing standards, while packaged air conditioner demand is predicted to expand somewhat as more malls, offices, and factories are permitted to be built.
The rising disposable incomes are expected to promote the use of a range of air conditioning systems. Additionally, elements like the rising customer preference for energy-efficient systems and the expanding use of portable systems are anticipated to favorably affect the expansion of the air conditioning systems market in North America.
Product development and innovation have benefited from technological advances. Over the course of the projected period, the North America air conditioning systems industry may be hampered by intense rivalry from other regional markets and cheaper products supplied by Chinese manufacturers. Over the next six years, there should be opportunities for the market. Participants due to expanding application areas, such as the usage of portable air conditioning systems in tents for outdoor activities.
The growth of the market is further driven by the increased popularity of smart devices that can transform traditional remote-controlled air conditioners into smart gadgets. Room air conditioner demand is being fueled by rising housing standards, while packaged air conditioner demand is predicted to expand somewhat as more malls, offices, and factories are permitted to be built.
North America Air Conditioning Systems Market Report Highlights
- The unitary conditioning systems generated a revenue share of more than 37.12% in 2022. They are relatively easy to install and provide a great level of versatility. Unitary conditioners also give the user a great deal of control because each one operates as an independent unit. Because of how convenient they are, portable air conditioners are predicted to increase at the quickest CAGR during the projected period
- The U.S. contributed to over 97.53% of the revenue generation in 2022 and is anticipated to continue dominating the market over the forecast period. This can be attributed to energy efficiency guidelines set by the US Environmental Protection Agency (EPA). Mexico is expected to be the largest regional market in North America, with a CAGR of 5.5% till 2030
- Key industry participants employ strategies such as mergers, acquisitions, and strategic collaborations to gain market share. Ingersoll-Rand, Hitachi, Johnson Controls, Carrier Corporation, Mitsubishi, and Daikin Industries Ltd among others are the key companies operating in the market
Table of Contents
Chapter 1. Methodology and Scope1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. North America Air Conditioning Systems Market - Industry Snapshot, 2018 - 2030
Chapter 3 Air Conditioning Systems Industry Outlook
3.1. Market Size and Growth Prospects, 2018 - 2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis
Chapter 4 North America Air Conditioning Systems Type Outlook
4.1 Unitary
4.1.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
4.2 Rooftop
4.2.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
4.3 PTAC
4.3.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue), (Thousand Units) (USD Million)
Chapter 5 North America Air Conditioning Systems Technology Outlook
5.1 Inverter
5.1.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
5.2 Non-Inverter
5.2.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
Chapter 6 North America Air Conditioning Systems End-use Outlook
6.1 Residential
6.1.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
6.2 Commercial
6.2.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
6.3 Industrial
6.3.1 North America air conditioning systems demand, 2018 - 2030 (Volume & Revenue), (Thousand Units) (USD Million)
Chapter 7 North America Air Conditioning Systems Regional Outlook
7.1 U.S.
7.1.1 U.S. air conditioning systems market by type, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
7.1.2 U.S. air conditioning systems market by technology, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
7.1.3 U.S. air conditioning systems market by end-use, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
7.2 Canada
7.2.1 Canada air conditioning systems market by type, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
7.2.2 Canada air conditioning systems market by technology, 2018 - 2030 (Volume & Revenue) (Thousand Units) (USD Million)
7.2.3 Canada air conditioning systems market by end-use, 2018 - 2030 (Volume & Revenue), (Thousand Units) (USD Million)
Chapter 8 Competitive landscape
8.1 Arcelik
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 BSH Group
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 Carrier Corporation
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Daikin Industries Ltd.
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Electrolux
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Haier Group
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 Hitachi Air Conditioning
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic Initiatives
8.8 Ingersoll Rand
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 LG
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Mitsubishi Electric
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
8.11 Whirlpool Corporation
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.11.4 Strategic Initiatives
List of Tables
Table 1 North America Air Conditioning Market, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 2 North America Air Conditioning Market, By Type, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 3 North America Air Conditioning Market, By Technology, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 4 North America Air Conditioning Market, By End-use, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 5 Unitary Market By Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 6 Rooftop Market By Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 7 PTAC Market by Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 8 Inverter Market by Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 9 Non-Inverter Market by Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 10 Residential Market By Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 11 Commerical Market by Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 12 Industrial Market by Region, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 13 U.S. Air Conditioning Market, By Type 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 14 U.S. Air Conditioning Market, By Technology 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 15 U.S. Air Conditioning Market, By End-use 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 16 Canada Air Conditioning Market, By Type2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 17 Canada Air Conditioning Market, By Technology 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Table 18 Canada Air Conditioning Market, By End-use 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
List of Figures
Fig. 1 Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Primary Research Pattern
Fig. 4 Primary Research Process
Fig. 5 Market Formulation and Data Visualization
Fig. 6 Industry Snapshot
Fig. 7 North America Air Conditioning Market Size and Growth Prospects, 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 8 North America Air Conditioning Market Value Chain Analysis
Fig. 9 North America Air Conditioning Market Penetration & Growth Prospect Mapping (Key Opportunity Prioritized)
Fig. 10 Industry Analysis-Porter’s Five Forces
Fig. 11 PEST Analysis
Fig. 12 North America Air Conditioning Market, by Type, Key Takeaways (Volume, Thousand Units, Revenue, USD Million)
Fig. 13 Type Movement Analysis & Market Share, 2022 & 2030
Fig. 14 North America Air Conditioning Market, by Technology, Key Takeaways (Volume, Thousand Units, Revenue, USD Million)
Fig. 15 Technology Movement Analysis & Market Share, 2022 & 2030
Fig. 16 North America Air Conditioning Market, by End-use, Key Takeaways (Volume, Thousand Units, Revenue, USD Million)
Fig. 17 End-use Movement Analysis & Market Share, 2022 & 2030
Fig. 18 Regional market size estimates & forecasts, 2018 - 2030(Volume, Thousand Units, Revenue, USD Million)
Fig. 19 North America Air Conditioning Market Outlook and Market Share by Country, 2022 & 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 20 U.S. Air Conditioning Systems Market, by Type 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 21 U.S. Air Conditioning Systems Market, by Technology 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 22 U.S. Air Conditioning Systems Market, by End-use 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 23 Canada Air Conditioning Systems Market, by Type 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 24 Canada Air Conditioning Systems Market, by Technology 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 25 Canada Air Conditioning Systems Market, by End-use 2018 - 2030 (Volume, Thousand Units, Revenue, USD Million)
Fig. 26 Key Company Ranking Analysis, 2022
Companies Mentioned
- Arcelik
- BSH Group
- Carrier Corporation
- Daikin Industries Ltd.
- Electrolux
- Haier Group
- Hitachi Air Conditioning
- Ingersoll Rand
- LG
- Mitsubishi Electric
- Whirlpool Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 23.58 Billion |
| Forecasted Market Value ( USD | $ 35.66 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | North America |
| No. of Companies Mentioned | 11 |
