North America Air Conditioning Systems Market Size, Share & Trends Analysis Report By Type (Unitary, Rooftop), By Technology (Inverter, Non-Inverter), By End-use, By Region, And Segment Forecasts 2023 - 2030

North America Air Conditioning Systems Market Size, Share & Trends Analysis Report By Type (Unitary, Rooftop), By Technology (Inverter, Non-Inverter), By End-use, By Region, And Segment Forecasts 2023 - 2030

North America Air Conditioning Systems Market Growth & Trends

The North America air conditioning systems market size is anticipated to reach USD 35.66 billion by 2030, expanding at a CAGR of 5.5% during the forecast period, according to a new study by Grand View Research, Inc. The rising construction spending in residential, commercial, and industrial sectors is anticipated to drive growth. In addition, over the next six years, the growth is anticipated to be fueled by favorable regulatory initiatives for energy efficiency. It is also anticipated to be fueled by elements like the tourist and construction industries' optimistic expansion.

The rising disposable incomes are expected to promote the use of a range of air conditioning systems. Additionally, elements like the rising customer preference for energy-efficient systems and the expanding use of portable systems are anticipated to favorably affect the expansion of the air conditioning systems market in North America.

Product development and innovation have benefited from technological advances. Over the course of the projected period, the North America air conditioning systems industry may be hampered by intense rivalry from other regional markets and cheaper products supplied by Chinese manufacturers. Over the next six years, there should be opportunities for the market. Participants due to expanding application areas, such as the usage of portable air conditioning systems in tents for outdoor activities.

The growth of the market is further driven by the increased popularity of smart devices that can transform traditional remote-controlled air conditioners into smart gadgets. Room air conditioner demand is being fueled by rising housing standards, while packaged air conditioner demand is predicted to expand somewhat as more malls, offices, and factories are permitted to be built.

North America Air Conditioning Systems Market Report Highlights

• The unitary conditioning systems generated a revenue share of more than 37.12% in 2022. They are relatively easy to install and provide a great level of versatility. Unitary conditioners also give the user a great deal of control because each one operates as an independent unit. Because of how convenient they are, portable air conditioners are predicted to increase at the quickest CAGR during the projected period
• The U.S. contributed to over 97.53% of the revenue generation in 2022 and is anticipated to continue dominating the market over the forecast period. This can be attributed to energy efficiency guidelines set by the US Environmental Protection Agency (EPA). Mexico is expected to be the largest regional market in North America, with a CAGR of 5.5% till 2030
• Key industry participants employ strategies such as mergers, acquisitions, and strategic collaborations to gain market share. Ingersoll-Rand, Hitachi, Johnson Controls, Carrier Corporation, Mitsubishi, and Daikin Industries Ltd among others are the key companies operating in the market

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