The North America Air Conditioning Equipment Market size is estimated at USD 27.36 billion in 2024, and is expected to reach USD 36.53 billion by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).
An air conditioner is a system that cools a space by extracting heat and transferring it outside. This cooled air is then distributed throughout a building via ventilation. As an essential part of the HVAC system, air conditioners regulate home temperatures to enhance comfort and livability.
The North American air conditioning equipment market is fragmented due to many valve market players. Since the AC equipment industry is one of the largest markets, the existence of such a sheer number of major vendors without compromising their market shares is sustainable, and some of the players include Daikin Industries Ltd, Carrier Corporation, Rheem Manufacturing Company, Trane Inc. (Trane Technologies PLC), and Johnson Controls International PLC.
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