Resources
About Us
Meticulous Research®—a leading global market research company, published a research report titled, ‘North America Air Conditioners Market by Type (Split, Window, Centralized/Ducted, Others), Tonnage (Up to 2 Tons, 2 Tons to 5 Tons, Others), Technology (Inverter, Non-inverter), End User (Residential, Commercial, Industrial), and Geography - Forecast to 2030.’
According to this latest publication from Meticulous Research®, the North America air conditioners market is projected to reach $55.5 billion by 2030, at a CAGR of 4.5% during the forecast period of 2024–2030. The growth of the North America air conditioners market is attributed to the increasing temperatures and humidity levels, the growing consumer preference for convenience and comfort, and the rising demand for energy-efficient air conditioning systems. However, the high costs of air conditioners restrain the market’s growth.
The rising adoption of air conditioners with inverter and air purification technologies and technological advances in HVAC systems are creating growth opportunities for the players operating in this market. However, the high energy consumption associated with air conditioners poses a challenge to the market’s growth. Moreover, connected air conditioners and the emergence of solar photovoltaic (PV) and solar thermal-assisted air conditioning systems are notable trends in this market.
Based on type, the North America air conditioners market is segmented into window ACs, split ACs, VRF (Variable Refrigerant Flow) systems, centralized/ducted ACs, and other air conditioner types. In 2024, the split ACs segment is expected to account for the largest share of the North America air conditioners market. The large market share of this segment is attributed to the increasing demand for energy-saving and low-noise air conditioners and the increasing focus on providing quality products and launching a wide range of split ACs in the market. A split system is more energy efficient, uses less energy, and helps keep indoor environments clean. However, the centralized/ducted ACs segment is projected to record the highest CAGR during the forecast period.
Based on tonnage, the North America air conditioners market is segmented into up to 2 tons, 2 tons to 5 tons, 5 tons to 10 tons, and more than 10 tons. In 2024, the up to 2 tons segment is expected to account for the largest share of the North America air conditioners market. The large market share of this segment is attributed to the increasing demand for ACs with custom features for small homes or office spaces and the increasing demand for air conditioners with a tonnage of up to 2 tons across the U.S. and Canada.
In the past few years, prominent AC manufacturers have launched up-to-2-ton ACs with features such as:
Therefore, such advances in this category of ACs contribute to their increased adoption.
However, the 2 tons to 5 tons segment is projected to register the highest CAGR during the forecast period.
Based on technology, the North America air conditioners market is segmented into inverter ACs and non-inverter ACs. In 2024, the inverter ACs segment is expected to account for the larger share of the North America air conditioners market. The large market share of this segment is attributed to advancements in inverter technology and AC manufacturers’ strong focus on product development and enhancement of inverter-powered ACs. Moreover, the inverter ACs segment is also projected to register the higher CAGR during the forecast period.
Based on rating, the North America air conditioners market is segmented into 1 Star ACs, 2 Star ACs, 3 Star ACs, 4 Star ACs, and 5 Star ACs. In 2024, the 3 Star ACs segment is expected to account for the largest share of the North America air conditioners market. The segment’s large market share is attributed to the benefits of 3 Star ACs, such as high efficiency and durable copper condenser coils that work on variable-speed compressors and AC manufacturers’ rising focus on developing and enhancing energy-efficient ACs. However, the 5 Star ACs segment is projected to register the highest CAGR during the forecast period.
Based on end user, the North America air conditioners market is segmented into residential end users, commercial end users, and industrial end users. In 2024, the residential end users segment is expected to account for the largest share of the North America air conditioners market. The large market share of this segment is mainly attributed to the growing acceptance of smart home technologies, construction companies’ increased focus on offering air-conditioned apartments, and the rising need to improve indoor air quality. Moreover, the residential end users segment is also projected to register the highest CAGR during the forecast period.
Based on geography, the North America air conditioners market is segmented into the U.S. and Canada. In 2024, the U.S. is expected to account for the larger share of the North America air conditioners market. The growing demand for air conditioners among middle-income groups, independent households, and public and hospitality sectors and the increasing production of air conditioners in the U.S. and Canada contribute to the country’s large market share. Further, the growing demand for air conditioners by an increasing number of residential and commercial users, better consumer awareness about air conditioners in the U.S., and growing emphasis by leading U.S.-based players to launch air conditioning products are improving the significance of the air conditioners market in the U.S. Moreover, the market in the U.S. is projected to register the highest CAGR during the forecast period.
Key Players:
Some of the key players operating in the North America air conditioners market are Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation (U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG Electronics (South Korea), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd. (South Korea), Fujitsu Limited (Japan), Blue Star Ltd (India), Toshiba Corporation (Japan), Gree Electric Appliances Inc. (China), and Midea Group Co. Ltd (China).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5632
Key Questions Answered in the Report:
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Smart Helmets Market to Reach $2.3 Billion by 2031
Read MoreThermal Imaging Market to be Worth $7.8 Billion by 2031
Read MoreHVAC Market to be Worth $456.6 Billion by 2031
Read MorePower Tools Market to be Worth $57.1 Billion by 2031
Read MoreSmart Speaker Market to be Worth $48.8 Billion by 2031
Read MoreSmart Transformers Market to be Worth $3.16 Billion by 2031
Read MoreGrow Lights Market to be Worth $8.5 Billion by 2030
Read MoreVacuum Pumps Market to Reach $7.57 Billion by 2030
Read MoreOptical Transceivers Market Worth $5.31 Billion by 2030
Read MoreElectrolyzers Market Worth $4.27 Billion by 2030
Read MoreFlow Battery Market to be Worth $1.03 Billion by 2031
Read MoreRobotic Vision Market Worth $5.2 Billion by 2029
Read MoreRadar Market Worth $38.4 Billion by 2029
Read MoreAir Conditioners (ACs) Market to be Worth $256.2 Billion by 2031
Read MoreMachine Control System Market Worth $6.4 Billion by 2029
Read MoreEV Battery Management Market Worth $37.3 Billion by 2029
Read MoreIndustrial Safety Market Worth $17.86 Billion by 2030
Read MoreLiDAR Market Worth $20.03 Billion by 2029
Read MoreWearable Technology Market Worth $415.12 Billion by 2029
Read MoreRobotic Welding Market Worth $6.77 Billion by 2029
Read More3D Printers Market Worth $50.39 Billion by 2029
Read MoreElectronic Shelf Label Market Worth $2.57 Billion by 2028
Read MoreSmart Elevator Market Worth $31.77 Billion by 2028
Read MoreDelivery Drones Market to be Worth $3.9 Billion by 2031
Read MoreVCSEL Market Worth $5.76 Billion by 2029
Read MoreSealless Pumps Market to Be Worth $8.2 Billion by 2031
Read MoreElectric and Electronic Fuse Market Worth $5.5 billion by 2025
Read MoreSemiconductor Gas Filters (SGF) Market Worth $21.7 Billion by 2027
Read MoreNB-IoT Chipset Market Worth $3.06 billion by 2027
Read More3D Machine Vision Market Worth $3.1 billion by 2028
Read MoreDehumidifier Market Worth $3.8 Billion by 2025
Read MoreFood Robotics Market to Reach $2.8 Billion by 2031
Read More5G Chipset Market Worth $23.5 Billion by 2027
Read More