United States Air Conditioning Equipment Market Size (2024 - 2029)

US Air Conditioning Equipment Market Analysis

The United States Air Conditioning Equipment market is expected to grow at 5.6 % CAGR during the forecast period of (2022-2027). To address the demand for energy reductions, manufacturers are focusing on product innovation. Window inverter air conditioners, which employ Dual Inverter technology and utilise considerably less energy than conventional air conditioners, have been produced by companies like LG. In addition, manufacturers are aiming to give features like seamless Wi-Fi connectivity and inverter-based air conditioners due to the highly competitive market environment, which is anticipated to propel growth in the United States air conditioners market in the upcoming years.

• Rapid economic expansion assists in raising people's disposable incomes and driving up demand for housing for both residential and commercial uses. Industrial uses also fuel the air conditioner industry. According to International Monetory fund, In 2021, the gross domestic product per capita in the United States amounted to around USD 69,231.4 . Such huge per capital will drive the studied capital.
• The market will also be fueled by the tourism sector's rapid expansion, as hotels and commercial vehicles around the region will soon consider a range of portable and other AC systems. The portable air conditioner market will be driven by consumers seeking on-the-go cooling devices and energy-efficient cooling systems. Additionally, the public sector will be a key driver in this market as governments throughout the region focus on energy-efficient air conditioning.
• The Air Handling Units can remove hazardous air pollutants that can lead to various illnesses and respiratory conditions, such as lung cancer, ischemic heart disease, asthma, and chronic obstructive pulmonary disease. Additionally, several technological developments, like the creation of affordable 3D printed units and the integration of sensors in AHU units for movement-activated air conditioning, are favorably affecting the market's expansion. The development of vast infrastructure and the creation of smart cities, particularly in emerging economies, are further drivers that are anticipated to fuel market growth.
• With the outbreak of COVID-19, industrial companies are expressing concerns about the environmental impact of the services and products they buy and are willing to pay more for more environmentally and health-friendly options than others. Smart Air Conditioner systems are expected to have significant demand. Technology gives end-users more control, from self-regulation to sensors to remote temperature adjustment to integrating energy controls. The Air Conditioner systems deal with varied load conditions depending on the occupancy rate in the buildings due to irregular attendance. Rationalizing square foot occupancy per employee and evolving office space usage patterns will be necessary.
• Environmental concerns regarding global warming and ozone depletion have led to the development of evolving global and regional regulations, which have had significant implications for refrigerants across applications. Manufacturers and end-users who purchase, design, install, and service air conditioning equipment should consult their country's current regulations, codes, and standards to aid refrigerant selection for each intended use.

US Air Conditioning Equipment Industry Segmentation

Air conditioning is changing a space's temperature and air quality to improve the comfort of its occupants. With this procedure, severe natural surroundings can be adjusted to fit a person's preferences in the privacy of their homes by removing too much moisture and heat from enclosed spaces. 

The scope of the study focuses on the market analysis of air conditioning equipment sold across the globe, and market sizing encompasses the revenue generated through air conditioning equipment products sold by various market players. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. the study further analyzes the overall impact of Covid-19 on the ecosystem.