US Air Conditioning Market Trends, Size, Forecast - 2019-2025
The US Air Conditioning Market is forecast to show a modest growth rate at a CAGR of 3% during the forecast period. The major driving factors which contribute to the growth of the air conditioning market in the US are global warming and high living standards. Air conditioners have become a part of every household due to adverse climatic changes. In 2018, more than 80% of the household population has air conditioners installed in their house. The ability to spend on luxurious items is also providing a significant market for the country. Other factors which contribute to the growth of this market is the rising demand for a commercial building with benefits of packaged air conditioners, rising environmental concerns which demand energy-efficient and green ACs. Rising the adoption of smart ACs for expected will create a new opportunity for the market.
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The US Department of Energy’s (DOE) new compliance guidelines aimed to offer the largest energy-saving standard that is impacting the commercial heating and cooling industry. In 2015, the new standards were announced and enforced on January 1, 2018. These standards have changed the development process of commercial rooftop air conditioners, heat pumps and warm-air for low-rise buildings such as retail stores, educational facilities for and mid-level hospitals. New DOE HVAC (Heating, Ventilation, and Air Conditioning) standards will include the parameters sets for refrigerant use in the US that relate to HVAC certification. In 2017, due to dangerous carbon emissions industry use of hydrofluorocarbons was phased out. DOE HVAC standards also limit the use of The ability zone-depleting the (ODS) such as hydrochlorofluorocarbons (HCFCs), chlorofluorocarbons (CFCs) and now HFCs.
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US Air Conditioning Market Segmentation
By Application
Residential
Commercial
Industrial
Healthcare
Institution
Automotive
Others
By Type
Splits
Rooftop
Indoor Packaged
Chillers
VRF
AHU/FCU
By Refrigerant Type
HCFC
HFC
HFO
Natural Refrigerant
Company Profiles
American Standard Inc.
Goodman Manufacturing Co. (Daikin Group)
Honeywell International Inc.
Johnson Controls International PLC
Lennox International Inc.
Maytag Corp.
Nortek, Inc.
Rheem Manufacturing Co.
The Whirlpool Corp.
Trane Inc.
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