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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.
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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.
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