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United States Air Conditioners (AC) Market to Grow at a CAGR of 5.6% During 2022-2027, Aided by the Rising Demand for Energy-Efficient Air Conditioners

According to a new report by EMR titled, ‘United States Air Conditioners (AC) Market Report and Forecast 2022-2027’, the United States market for air conditioners (AC) attained a value of about USD 21.43 billion in 2021. The industry is further expected to grow at a CAGR of 5.6% in the forecast period of 2022-2027.

The increasing demand for air conditioners with energy-efficiency is propelling the market growth. The growing adoption of lightweight air conditioners that consumes less amount of energy is also augmenting the growth of the market. The increasing preference for air conditioners with innovative styles and textures owing to the growing demand for aesthetically appealing products is also driving the industry growth. Moreover, the emerging trend of digital ceiling that automates optimal temperature changes and reduce energy consumption of air conditioners (AC) is predicted to significantly contribute to the market growth. The development of air conditioning systems that can be installed efficiently is expected to propel the growth of the industry in the United States in the forecast period.

LG Electronics (KRX: 066570), one of the leading companies in the market, expanded its residential air portfolio with the launch of two portable and window air conditioners in May 2021. The air conditioners provide easy-to-operate smart connectivity and integrate convenience with lo-decibel operations. They include Dual Inverter Compressor models to deliver in-class cooling and energy efficiency. The products are also Wi-Fi enabled models to provide holistic room air products to maximise the comfort of users. Moreover, the air conditioners are integrated with LG ThinQ technology to control them from anywhere by the latter’s mobile application. They are also compatible with Amazon Alexa and Google Assistant for easy voice control operations. The development of such innovative products is surging the demand for air conditioners in the United States, which is significantly contributing to the growth of the market.

Market Analysis by Type, Size, End Use, and Distribution Channel:

  • The market, on the basis of type, can be divided into window AC, central AC, and mini split AC, among others.
  • Based on size, the industry can be divided into <12K BTU, 12K-36K BTU, 36K-60K BTU, 60K+ BTU.
  • By end use, the market is bifurcated into residential and commercial.
  • The distribution channels for air conditioners (AC) in the United States include hypermarket, electronic stores, and online, among others.

Key Findings of the Report:

  • The increasing demand for air conditioners (AC) in the residential and commercial industry owing to the rising temperature is propelling the market growth in the United States.
  • The market is being aided by the growing preference for smart air conditioners (AC) to provide insights into energy usage and consumption.
  • The deployment of 3D printing in the manufacturing of air conditioners (AC) in the United States to enhance productivity is driving the market growth.
  • The increasing attempts by researchers to develop energy-efficient, cost-effective, and high-performance air conditioners (AC) is expected to fuel the market growth in the United States.

Key Offerings of the Report:

  • The EMR report gives an overview of the United States market for air conditioners (AC) for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, sizes, end uses, and distribution channels of air conditioners (AC) in the United States.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the United States air conditioners (AC) market are Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd., Fujitsu General Limited, and Johnson Controls, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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