US Air Conditioning Market Competitive Landscape, Growth Factors, Revenue Analysis by 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.
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
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Conditioning Market is Available at: https://www.omrglobal.com/industry-reports/us-air-conditioning-market
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.
· United
Technologies Corp.
· Visteon
Corp.
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