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The United States air conditioners (AC) market attained a value of about USD 21.43 billion in 2021. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.6%.
The extensive use of air conditioners (AC) in the residential, commercial, and industrial sectors is aiding the growth of the industry. With the rising temperature owing to rapid climate change, the demand for air conditioners in cooler regions like Oregon, Seattle, and Portland, among others, is significantly surging, hence fuelling the industry growth.
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The growing demand for cost-effective air conditioners (AC) by the middle-and-low-income families in the United States is further bolstering the market growth. As extensive greenhouse gas emissions by air conditioners are emerging, which is one of the most critical issues, the development of energy-efficient and sustainable air conditioners (AC) is escalating, which is providing further impetus to the industry growth.
As the trend of installing connected devices is significantly growing, the demand for air conditioners (AC) that can be controlled through smartphones is increasing, hence augmenting the market growth. Moreover, smart air conditioners (AC) provide data regarding usage, energy consumption, and performance to enable efficient management and maintenance, which is propelling the industry growth. The growing preference for air conditioners (AC) with self-diagnosis features to boost cost-effectiveness and minimise downtime is significantly contributing to the growth of the market.
Air conditioners (AC) are systems that control and monitor the temperature, humidity, and ventilation in enclosed spaces like vehicles or buildings. They maintain a cool atmosphere by removing the moisture and heat from enclosed spaces. Air conditioners also filter dust, pollen, and other allergens to boost the indoor air quality, due to which they are increasingly preferred.
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The major types of air conditioners (AC) are:
Based on size, the market is divided into:
The market can be broadly categorised on the basis of its end uses into:
By distribution channels, the market is classified into:
The growing integration of the latest technologies like 3D printing in the manufacturing of air conditioners (AC) is augmenting the growth of the industry. 3D printing can effectively customise the design of air conditioners (AC) in accordance with consumers’ preferences, which is expected to bolster their demand. Moreover, the use of 3D printing is anticipated to boost the cost-effectiveness and manufacturing time of air conditioners, which is estimated to drive the market growth in the forecast period.
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The increasing research activities to boost the cost-effectiveness and energy-efficiency of air conditioners (AC) is expected to bolster the market growth. The use of environmentally friendly saline and thin membranes to boost the affordability of air conditioners (AC) is predicted to propel the industry growth. In addition, the utilisation of solar thermal energy as a power source for air conditioners (AC) to eliminate utility costs and boost their sustainability is anticipated to augment the market growth. Various researchers are increasingly attempting to develop cooling technologies that do not utilise water or air, which is anticipated to aid the growth of the market. The development of air conditioners (AC) that enhances the air quality of enclosed spaces in the wake of the COVID-19 pandemic is projected to propel the industry growth.
The report presents a detailed analysis of the following key players in the United States air conditioners (AC) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Size, End Use, Distribution Channel |
Breakup by Type | Window AC, Central AC, Mini Split AC, Others |
Breakup by Size | <12K BTU, 12K-36K BTU, 36K-60K BTU, 60K+ BTU |
Breakup by End Use | Commercial, Residential |
Breakup by Distribution Channel | Hypermarkets, Electronic Stores, Online, Others |
Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
Companies Covered | Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd.,, Fujitsu General Limited, Johnson Controls, Others |
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 United States
7 Opportunities and Challenges in the Market
8 United States Air Conditioners (AC) Market Analysis
8.1 Key Industry Highlights
8.2 United States Air Conditioners (AC) Historical Market (2018-2023)
8.3 United States Air Conditioners (AC) Market Forecast (2024-2032)
8.4 United States Air Conditioners (AC) Market by Type
8.4.1 Window AC
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Central AC
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Mini Split AC
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 United States Air Conditioners (AC) Market by Size
8.5.1 <12K BTU
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 12K-36K BTU
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 36K-60K BTU
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 60K+ BTU
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 United States Air Conditioners (AC) Market by End Use
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Residential
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 United States Air Conditioners (AC) Market by Distribution Channel
8.7.1 Hypermarket
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Electronic Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Online
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Nortek
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 AB Electrolux
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 LG Electronics
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 DAIKIN INDUSTRIES, Ltd.,
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Fujitsu General Limited
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Johnson Controls
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. United States Air Conditioners (AC) Market: Key Industry Highlights, 2018 and 2032
2. United States Air Conditioners (AC) Historical Market: Breakup by Type (USD Billion), 2018-2023
3. United States Air Conditioners (AC) Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. United States Air Conditioners (AC) Historical Market: Breakup by Size (USD Billion), 2018-2023
5. United States Air Conditioners (AC) Market Forecast: Breakup by Size (USD Billion), 2024-2032
6. United States Air Conditioners (AC) Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. United States Air Conditioners (AC) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. United States Air Conditioners (AC) Historical Market: Breakup by Distribution Channels (USD Billion), 2018-2023
9. United States Air Conditioners (AC) Market Forecast: Breakup by Distribution Channels (USD Billion), 2024-2032
10. United States Air Conditioners (AC) Historical Market: Breakup by Region (USD Billion), 2018-2023
11. United States Air Conditioners (AC) Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. United States Air Conditioners (AC) Market Structure
In 2021, the United States air conditioners (AC) market attained a value of nearly USD 21.43 billion.
The market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
The market is being aided by the rising use of air conditioners (AC) in the residential and commercial sectors, the growing use of smart air conditioners (AC), and the development of energy-efficient and sustainable air conditioners (AC).
The market is expected to be driven by the integration of 3D printing in the manufacturing of air conditioners (ACs), the increasing research activities to boost the sustainability of air conditioners (AC), and the rising use of solar thermal power as an energy source for air conditioners.
The major types of air conditioners (AC) in the industry are window AC, central AC, and mini split AC, among others.
The various sizes of air conditioners (AC) are under 65K BHT, 65-250K BHT, and more than 250K BHT.
The different end uses of air conditioners (AC) are commercial and residential.
The significant distribution channels in the market are hypermarket, electronic stores, and online, among others.
The major players in the industry are Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd., Fujitsu General Limited, and Johnson Controls, among others.
The United States air conditioners (AC) market attained a value of nearly USD 21.43 billion in 2021, driven by the development of energy-efficient and sustainable air conditioners (AC). Aided by the integration of 3D printing in the manufacturing of air conditioners (ACs), the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the air conditioners (AC) industry in the United States can be segmented into window AC, central AC, and mini split AC, among others. By size, the market is categorised into <12K BTU, 12K-36K BTU, 36K-60K BTU, 60K+ BTU. On the basis of end uses, the market is bifurcated into commercial and residential. Based on distribution channels, the industry is divided into hypermarket, electronic stores, and online, among others. The key players in the above market include Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd., Fujitsu General Limited, and Johnson Controls, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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