Summary

The North American air conditioner market is expanding rapidly as a result of rising disposable income and rapid urbanization. The automatic air conditioner is being driven by the increasing penetration of luxury lifestyles, particularly among the upper income bracket. Furthermore, the adoption of air conditioners as a need rather than a luxury as a result of rising temperatures is fueling the growth of the North American air conditioner market. The expansion of the market is further aided by the establishment of offices, complexes, hotels, and residential areas. Unfavourable and changeable weather conditions, combined with rising humidity levels, are driving market expansion. The introduction of inverter and energy-saving air conditioners is due to the expanding North American AC market. The rising population, supported by rising construction activities with the advent of technology, is driving the development of the market. There has been an ongoing effort in North America for more energy-efficient air conditioning systems. Adoption of more stringent energy efficiency standards, such as the SEER (Seasonal Energy Efficiency Ratio) ratings, has become a top goal. Consumers are increasingly opting for units with higher SEER ratings in order to cut their electricity use and utility expenditures. The use of smart technology in air conditioners has become extremely popular. Consumers can now remotely operate their air conditioners using smartphones or voice-activated assistants. This trend not only provides convenience, but it also improves energy management by regulating cooling based on occupancy and weather conditions. There is a rising awareness of the significance of frequent maintenance to guarantee effective and clean air conditioning. Additionally, customers are investing in air purification and filtration systems to improve indoor air quality, particularly in light of health concerns such as allergies and viruses. Solar-powered air conditioning systems are gaining popularity in North America, aligning with the region's growing interest in renewable energy sources. These systems use solar power to power the AC unit, lowering electricity bills and the environmental impact.

According to the research report, “North America Air Conditioner (AC) Market Outlook, 2028” published by Bonafide Research, the market was valued at more than USD 25 Billion in 2022. The green building movement, combined with LEED certification, has resulted in the incorporation of extremely efficient air conditioning systems into new construction projects. This movement tries to lower buildings' carbon impact while increasing occupant comfort. North America has made a gradual transition away from R-22 refrigerant, which has a high risk of ozone depletion. The phase-out aims to replace it with more ecologically friendly refrigerants such as R-410A and R-32 to lessen the environmental effect of air conditioning systems. Air conditioning systems have become an essential component of home automation as smart home technology progresses. They may now work in tandem with other smart devices and systems to provide more comprehensive and efficient control of the interior environment. Because of their energy efficiency and versatility, VRF systems have grown in favor in commercial and residential applications. They enable precise cooling and heating management in different zones of a structure. Energy storage technologies, such as batteries, are increasingly being integrated with air conditioning units. This enables the storage of excess energy during off-peak hours and its usage during peak demand, improving energy efficiency and grid stability even more. The building and real estate industries are critical to increasing demand for air conditioning systems. As new residential and commercial buildings are built or renovated, there is a constant demand for HVAC systems, which contributes to the expansion of the air conditioning industry. Utility firms and energy providers have a vested interest in promoting energy-efficient air conditioning systems. They frequently provide incentives, rebates, and energy efficiency programs to encourage consumers and businesses to use more efficient HVAC solutions. The technology and electronics industries contribute to the development of smart and linked air conditioning systems. These systems use IoT (Internet of Things) technology, sensors, and digital controls to improve the user experience and energy management.

Based on report market is bifurcated into three major countries United States, Canada and Mexico. Among them United States is significantly dominating the market of North America.

The air conditioner market in the United States is quickly developing as a result of continual advancements and variables such as high temperatures and changes in weather patterns. Furthermore, due to market competition, firms have been developing advanced-technology air conditioners for efficient performance. Furthermore, the government's expanding energy-efficiency regulations force manufacturers to design energy-efficient air conditioning systems in order to improve environmental conditions. The market is quickly expanding, particularly in urban regions. Furthermore, the construction of numerous institutions, workplaces, shopping complexes, and malls is moving the sector ahead. The US air conditioner market is being propelled by increased governmental and private sector investment. The United States is a particularly distinctive and successful market for air conditioners due to a number of critical elements interacting. First and foremost, the country is distinguished by a wide range of meteorological conditions, ranging from scorching summers in states like Arizona and Texas to cold winters in places like Minnesota and New York. Because of the range of climates, heating and cooling systems are required all year, making air conditioners crucial for maintaining indoor comfort and productivity. The United States has a high standard of living as well, with a substantial portion of the population possessing a lot of disposable income. Because of the robust economy, customers can afford to buy air conditioners for both residential and commercial and industrial uses. As a result of this, the market for air conditioning units spans across homes, offices, factories, shopping centers, and a wide array of other establishments.

Based on product type market is divided into window AC, portable AC, ductless multi split AC, packaged AC, floor mounted AC, central AC, variable refrigerant AC and others. Among them ductless multi split AC type is expected to dominate the market of North America.

Concerns about rising energy costs and environmental sustainability have made energy efficiency a prominent issue in North America. Because of their zoned cooling capability, ductless multi-split systems excel in this aspect. Users can cool only the spaces in use with individual indoor units for different rooms or zones, lowering overall energy usage when compared to central HVAC systems. Furthermore, many ductless versions include modern inverter technology, which optimizes compressor performance and increases efficiency. Ductless multi-split systems are well-known for their adaptability and versatility. They are appropriate for a variety of applications, ranging from single-room solutions to whole-home or commercial systems. Because of their compact size and numerous installation options, they are particularly ideal for retrofitting older buildings or adding climate control to new construction without the need for extensive ductwork, reducing installation costs and complexity. Another important driver is the increased need for customized comfort. Ductless systems enable accurate temperature control in particular rooms or zones, providing occupants with tailored comfort. This level of control is extremely desirable in domestic settings, where family members' temperature preferences can vary, and in commercial buildings, where fluctuating occupancy and usage patterns necessitate flexible climate management. Furthermore, ductless multi-split systems frequently include smart technology, allowing for remote control and scheduling via smartphones or other devices. This is consistent with the trend toward home automation and the desire for easy-to-use HVAC solutions.

In terms of end user market is divided into residential, commercial and industrial. Furthermore based on tonnage market is segmented into pto 2 ton, 2 ton to 5 ton, 5 ton to 10 ton, and more than 10 ton.

Depending on the location, North America has a wide range of climatic extremes, from bitterly frigid winters to sweltering summers. In order to maintain pleasant indoor temperatures throughout the sweltering summer months, residential users frequently rely on air conditioners. This is particularly true in southern and southwestern states like Florida, Texas, and Arizona, where having air conditioning is a necessity to stay alive during the sweltering summer heat. There is a sizeable population in densely populated urban and suburban areas of North America. The majority of people live in residential structures such as single-family homes, apartments, and condominiums in these locations. The need for air conditioning is hence naturally focused in residential areas. In North America, the vast majority of air conditioning systems are placed in residential buildings like single-family homes and apartments. Smaller residential spaces, which make up a sizable section of the residential market, like bedrooms, living rooms, and smaller flats, are best cooled by air conditioners with tonnages up to 2 tons. When cooling smaller spaces, smaller air conditioning machines are frequently more energy-efficient. For many households, installing an oversized unit can lead to wasteful energy use and increased utility bills. Homeowners can save money on energy expenditures by using air conditioners with tonnages up to 2 tons, which are made to provide effective cooling for smaller spaces.

Based on technology market include invertor ACs and non-invertor ACs. Based on distribution channel market is segmented into multi brand stores, exclusive stores, online and others.

Energy efficiency is a selling point for inverter air conditioners. They employ compressors with variable speeds that can change their cooling capacity in response to real cooling demand. As a result, the system may work at lower rates when less cooling is needed, which is more efficient than having to cycle on and off. They become more appealing to consumers in North America, where energy efficiency is a major concern, as a result of lower energy use and utility expenses. Homeowners can save money because of inverter ACs' high energy efficiency. Because North Americans are typically budget-conscious, the possibility of lowering monthly energy expenditures is a strong argument in favor of using inverter technology. These savings eventually allow for the system's initial purchase price to be recovered. Air conditioners are majorly distributed through multi brand stores. Numerous brands and models of air conditioners are available under one roof at multi-brand retailers. This makes it simpler for customers to choose the best air conditioner to suit their unique demands and budget by enabling them to evaluate various options, features, and price points. Because the market in North America is diversified and there are distinct temperature zones, it's critical to have a variety of options available to meet the needs of various regional markets. Choice and the capacity for educated decision-making are frequently valued by North American customers. Customers have the freedom to investigate several brands, sizes, and types of air conditioners in multi-brand stores, ensuring they may choose the most appropriate model for their residences or places of business.

Companies Covered in this report:

Samsung Electronics, Panasonic Holdings Corporation, Haier Group Corporation, Whirlpool Corporation, Daikin Industries, Ltd, LG Corporation, Electrolux AB, Robert Bosch GmbH, Carrier Global Corporation, Rheem Manufacturing Company, Johnson Controls Hitachi AC Limited, Gree Electric Appliances Inc, Midea Group, Fujitsu General Limited, Trane Technologies plc, Lennox International Inc., Sharp Corporation.

Considered in this report:

• Geography: North America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• North America Air Conditioner (AC) market Outlook with its value and forecast along with its segments
• Country-wise Air Conditioner (AC) market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:

• United States
• Canada
• Mexico

By Product Type:

• Window AC
• Portable AC
• Ductless Multi Split AC
• Packaged AC
• Floor Mounted AC
• Central AC
• Variable Refrigerant AC
• Others

By End User:

• Residential
• Commercial
• Industrial

By Tonnage:

• Up to 2 Ton
• 2 Ton to 5 Ton
• 5 Ton to 10 Ton
• More Than 10 Ton

By Technology:

• Inverter ACs
• Non-Inverter ACs

By Distribution Channel:

• Multi-brand Stores
• Exclusive Stores
• Online
• Other Channels

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Air Conditioner (AC) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.







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