Air Conditioning Equipment Market in the US

Air Conditioning Equipment Market in the US by Product, Market and Region

US demand for heating equipment is projected to advance 4% per year through 2021. Replacement of aging equipment that has reached the end of its operational life will remain the key driver of demand gains. In addition, rising installation rate of central air conditioning in new buildings will boost sales. However, the pace of growth will slow through 2021 as much of the pent up demand that built up during the Great Recession was alleviated between 2011 and 2016.

This report analyzes air conditioning equipment demand by product, market, and region. Data are given in dollar value and units.

The air conditioning equipment products covered in the study are:
Unitary air conditioners
Room air conditioners
Packaged terminal air conditioners
Chillers
Absorption liquid chillers

The markets for heating equipment are:
Commercial, including both new buildings and existing buildings
Residential, including both new buildings and existing buildings

Demand is also broken out by US Census region:
Midwest
South
Northeast
West

Scope of the Report
This report shows the scope, size, and growth of the US air conditioning equipment market, including key trends by product type and market. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year-by-year historical market volatility also addressed. Also included is an analysis of the key industry players and their market share.


  • EXECUTIVE SUMMARY
    • Table Figure 1-1 | Key Trends in the US Market for Air Conditioning Equipment
  • OVERVIEW
    • Key Findings
      • Table Figure 2-1 | Key Trends in the US Air Conditioning Equipment Market
    • Factors Influencing Air Conditioning Equipment Demand
    • Climate Zones
    • Energy Efficiency
    • Impact of Tax Credits on Air Conditioning Equipment Demand
    • Pricing Trends
      • Overall Air Conditioning Equipment Price Trends
        • Table Air Conditioning Equipment Pricing Trends, 2006-2021
        • Table Figure 2-2 | Air Conditioning Equipment Pricing Trends, 2006-2021
      • Pricing Trends by Product
    • Market Volatility
      • Table Figure 2-3 | Air Conditioning Equipment Demand, 2006-2016
    • Foreign Trade
      • Foreign Trade Overview
        • Table Foreign Trade in Air Conditioning Equipment, 2006-2021
        • Table Figure 2-4 | US Foreign Trade in Air Conditioning Equipment, 2006-2016
      • Imports
        • Table Air Conditioning Equipment Imports by Source, 2006-2016
        • Table Figure 2-5 | Air Conditioning Equipment Imports by Source, 2006-2016
      • Exports
        • Table Air Conditioning Equipment Exports by Destination, 2006-2016
        • Table Figure 2-6 | Air Conditioning Equipment Exports by Destination, 2006-2016
  • PRODUCTS
    • Key Findings
      • Table Figure 3-1 | Key Trends in US Air Conditioning Equipment Products
    • Historical Supply & Demand Trends
      • Table Air Conditioning Equipment Supply & Demand, 2006-2021
      • Table Figure 3-2 | Air Conditioning Equipment Demand, 2006-2016
    • Supply & Demand Forecasts
      • Table Air Conditioning Equipment Demand, 2006-2021
    • Demand Forecast by Unit
      • Table Air Conditioning Equipment Demand by Unit, 2006-2021
      • Table Figure 3-3 | Air Conditioning Equipment Demand by Value & Unit, 2016
    • Air Conditioning Equipment Demand by Product
      • Air Conditioning Equipment Product Overview
      • Unitary Air Conditioners
        • Table Unitary Air Conditioner Supply & Demand, 2006-2021
        • Table Figure 3-4 | Unitary Air Conditioner Demand, 2006-2016
        • Table Unitary Air Conditioner Demand by Type, 2006-2021
        • Table Figure 3-5 | Unitary Air Conditioner Demand by Type, 2006-2021
      • Room Air Conditioners
        • Table Room Air Conditioner Supply & Demand, 2006-2021
        • Table Figure 3-6 | Room Air Conditioner Equipment Demand, 2006-2016
        • Table Room Air Conditioner Demand by Value & Unit, 2006-2021
        • Table Figure 3-7 | Room Air Conditioners as a Share of Total Air Conditioning Equipment Demand by Value & Unit, 2016
      • Packaged Terminal Air Conditioners
        • Table Packaged Terminal Air Conditioner Supply & Demand, 2006-2021
        • Table Figure 3-8 | Packaged Terminal Air Conditioner Demand, 2006-2016
        • Table Packaged Terminal Air Conditioner Demand by Value & Unit, 2006-2021
      • Chillers
        • Table Chiller Supply & Demand, 2006-2021
        • Table Figure 3-9 | Chiller Demand, 2006-2016
        • Table Chiller Demand by Value & Unit, 2006-2021
      • Absorption Liquid Chillers
        • Table Absorption Liquid Chiller Supply & Demand, 2006-2021
        • Table Figure 3-10 | Absorption Liquid Chiller Demand, 2006-2016
        • Table Absorption Liquid Chiller Demand by Value & Unit, 2006-2021
  • MARKETS
    • Key Findings
      • Table Figure 4-1 | Key Trends in US Air Conditioning Equipment Markets
    • Use of Central Air Conditioning Equipment by Market
      • Table Figure 4-2 | Share of Residential & Commercial Building Stock with Central Air Conditioning Systems, 2006 & 2016
    • Air Conditioning Equipment Demand by Market
      • Air Conditioning Equipment Markets Overview
        • Table Air Conditioning Equipment Demand by Market & Segment, 2006-2021
        • Table Figure 4-3 | Air Conditioning Equipment Demand by Market, 2006-2021
      • Commercial
        • Table Commercial Air Conditioning Equipment Demand by Segment, 2006-2021
        • Table Figure 4-4 | Commercial Air Conditioning Equipment Demand, 2006-2016
        • Table Commercial Air Conditioning Equipment Demand by Building Type, 2006-2021
        • Table Figure 4-5 | Commercial Air Conditioning Equipment Demand by Building Type, 2016
        • Table Commercial Air Conditioning Equipment Demand by Product, 2006-2021
        • Table Figure 4-6 | Commercial Air Conditioning Equipment Demand by Product, 2016
      • Residential
        • Table Residential Air Conditioning Equipment Demand by Segment, 2006-2021
        • Table Figure 4-7 | Residential Air Conditioning Equipment Demand by Segment, 2006-2021
        • Table Figure 4-8 | Air Conditioning Equipment Demand in Existing Residential Buildings by Value, 2006-2016
        • Table Figure 4-9 | New Residential Building Air Conditioning Equipment Demand by Value, 2006-2016
        • Table Residential Air Conditioning Equipment Demand by Building Type, 2006-2021
        • Table Figure 4-10 | Residential Air Conditioning Equipment Demand by Building Type, 2006-2021
        • Table Residential Air Conditioning Equipment Demand by Product, 2006-2021
        • Table Figure 4-11 | Residential Air Conditioning Equipment Demand by Product, 2016
  • REGIONS
    • Key Findings
      • Table Figure 5-1 | Key Trends in US Air Conditioning Equipment Regions
    • Relationship Between Air Conditioning Equipment Demand & Construction Spending
      • Table Figure 5-2 | US Air Conditioning Equipment Demand Relative to Construction Spending by Region, 2016
    • Air Conditioning Equipment Demand by Region
      • Table Air Conditioning Equipment Demand by Region, 2006-2021
      • Table Figure 5-3 | Air Conditioning Equipment Demand by Region, 2016
      • Northeast
        • Table Northeast: Air Conditioning Equipment Demand by Market, 2006-2021
        • Table Northeast: Air Conditioning Equipment Demand by Product, 2006-2021
        • Table Figure 5-4 | Northeast: Air Conditioning Equipment Demand by Product, 2016
      • Midwest
        • Table Midwest: Air Conditioning Equipment Demand by Market, 2006-2021
        • Table Midwest: Air Conditioning Equipment Demand by Product, 2006-2021
        • Table Figure 5-5 | Midwest: Air Conditioning Equipment Demand by Product, 2016
      • South
        • Table South: Air Conditioning Equipment Demand by Market, 2006-2021
        • Table South: Air Conditioning Equipment Demand by Product, 2006-2021
        • Table Figure 5-6 | South: Air Conditioning Equipment Demand by Product, 2016
      • West
        • Table West: Air Conditioning Equipment Demand by Market, 2006-2021
        • Table West: Air Conditioning Equipment by Product, 2006-2021
        • Table Figure 5-7 | West: Air Conditioning Equipment by Product, 2016
  • INDUSTRY STRUCTURE
    • Key Findings
    • Industry Composition
      • Table Air Conditioning Equipment Sales by Company, 2016
    • Market Share
      • Table Figure 6-1 | US Air Conditioning Equipment Market Share, 2016
      • Table Figure 6-2 | Air Conditioning Equipment: Leading Supplier
      • Table Figure 6-3 | Air Conditioning Equipment: Second Leading Supplier
      • Table Figure 6-4 | Air Conditioning Equipment: Third Leading Supplier
    • Competitive Strategies
    • Product Development & Manufacturing
      • Table R&D Spending for Selected Air Conditioning Equipment Companies, 2016
    • Marketing
    • Distribution
    • Cooperative Agreements
      • Table Selected Cooperative Agreements
    • Mergers, Acquisitions, &Industry Restructuring
      • Table Selected Acquisitions & Divestitures
    • List of Industry Participants
  • APPENDIX
    • Scope
      • Table Study Scope: Air Conditioning Equipment Markets
      • Table Study Scope: US Regions
      • Table Relevant NAICS Codes
    • Methodology
    • Sources
    • Associations & Agencies
    • Related Freedonia Group Studies
    • Definitions
    • Abbreviations
      • Table Abbreviations & Acronyms Used in Study
    • Climate Zones
      • Table Figure 7-1 | Continental US Climate Zones*
    • Macroeconomic Assumptions
      • Economic Environment
        • Table Macroeconomic Indicators, 2006-2021
        • Table Figure 7-2 | Annual Growth in Real GDP, 2000-2016, Compared to 1980-2005 Average
      • Demographic Trends
        • Table Population & Households, 2006-2021
        • Table Figure 7-3 | Annual Population Growth, 2001-2016
      • Consumer Spending
        • Table Personal Consumption Expenditures, 2006-2021
      • Building Construction
        • Table Building Construction Expenditures, 2006-2021
      • Residential
        • Table Residential Building Construction Expenditures, 2006-2021
        • Table New Housing Indicators, 2006-2021
        • Table Housing Stock by Type, 2006-2021
        • Table Figure 7-4 | Housing Stock by Year of Construction, 2016
        • Table Residential Improvement & Repair Expenditures, 2006-2021
      • Nonresidential
        • Table Nonresidential Building Construction Expenditures, 2006-2021

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