North America Air Conditioners Market to Grow with a CAGR of 6.01% through 2030
The North America air conditioners
market is driven by increasing demand for energy-efficient, environmentally
friendly models, with a focus on smart technology, automation, and
sustainability for both residential and commercial sectors
According
to TechSci Research report, “North America Air Conditioners Market – By Country, Competition,
Forecast & Opportunities, 2030F”, the
North America Air Conditioners market stood at USD 26.49 billion in 2024 and is
anticipated to grow USD 37.48 billion by 2030 with a CAGR 6.01% during forecast
period. The North America air conditioners market is witnessing substantial
growth due to rising temperatures, technological advancements, and increasing
demand for energy-efficient cooling solutions. The United States holds a
dominant position in the market, driven by high urbanization rates, stringent
energy regulations, and a large base of residential and commercial customers.
Climate change-induced heatwaves have further accelerated the adoption of air
conditioning systems, with reports indicating that nearly 97% of new homes in
the U.S. are equipped with AC units.
Key market drivers include growing
awareness of environmental concerns, leading to the development and adoption of
energy-efficient and eco-friendly air conditioning systems. The introduction of
smart and connected air conditioners that integrate with home automation
systems is reshaping consumer expectations. These systems offer improved
control, energy savings, and enhanced comfort. Furthermore, government
regulations focused on reducing greenhouse gas emissions are encouraging
manufacturers to develop systems that use eco-friendly refrigerants and meet
higher efficiency standards.
However, the market faces several
challenges, including high installation and maintenance costs for advanced air
conditioning systems. The adoption of new refrigerant technologies is complex
and requires industry adaptation to meet regulatory standards. Additionally,
fluctuating energy prices pose challenges for manufacturers and consumers
alike. The industry must also navigate the growing need for sustainable and
energy-efficient solutions to comply with environmental regulations and
consumer demands.
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" North America Air Conditioners Market”
The North
America Air Conditioners market is segmented into product type, end use, country
distribution, and company.
Based on the product
type, the split air conditioners segment is the fastest-growing in the North
American market due to their energy efficiency, flexibility in installation,
and advanced cooling features. These systems offer improved indoor air quality
and are ideal for residential and commercial spaces. The growing demand for
eco-friendly and smart solutions further fuels their adoption, as split systems
often support inverter technology and IoT-enabled controls. Rising
environmental concerns and stringent energy regulations have also driven
consumers and businesses to opt for energy-efficient alternatives, making split
air conditioners a preferred choice in the evolving market.
Based on country,
Canada is emerging as the fastest-growing region in the North America air
conditioners market due to rising temperatures, increasing residential and
commercial construction activities, and a growing focus on energy-efficient
HVAC solutions. Climate change and consumer demand for advanced air
conditioning systems have fueled market expansion. Moreover, government
regulations promoting energy efficiency and technological advancements are
driving the adoption of sustainable cooling systems. The rise in smart home
technologies and customized air conditioning solutions also contributes to the
market’s rapid growth, positioning Canada as a key player in the region’s
evolving air conditioning landscape.
Major companies
operating in the North America Air Conditioners market are:
- Daikin U.S.
Corporation
- Mitsubishi
Electric US, Inc.
- Johnson
Controls-Hitachi Air Conditioning North America LLC
- Carrier Global
Corporation
- Whirlpool
Corporation
- Haier US
Appliance Solutions, Inc.
- LG Electronics
U.S.A. Inc
- Panasonic
Corporation of North America
- Robert Bosch
LLC.
- Samsung
Electronics America, Inc.
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“The
rising adoption of energy-efficient systems, driven by the need to reduce
carbon footprints and meet stringent environmental regulations. The integration
of smart technology, including IoT-enabled devices, is revolutionizing the
market by providing remote control capabilities and predictive maintenance
features. The shift toward sustainable refrigerants, such as hydrofluoroolefins
(HFOs), is another notable trend. Furthermore, there is growing demand for
customized air conditioning solutions tailored to specific commercial and
industrial applications,” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
"North America Air
Conditioners Market, By Product Type (Splits, VRFs, Chillers, Windows, Others
(Portable, Floor Standing, etc.)), By End Use (Residential,
Commercial/Industrial), By Country, Competition, Forecast & Opportunities,
2020-2030F”, has evaluated the future growth potential of North
America Air Conditioners market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the North
America Air Conditioners market.
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