Press release
Air Conditioning System Market in United States is Expanding at a Noteworthy 5.6% CAGR by 2032
At a significant CAGR of 5.6%, the market for air conditioning systems in the United States is projected to increase from its current value of US$ 20.3 billion to US$ 35.2 billion by the end of 2032. As a result, the market is anticipated to present a US$ 14.9 billion absolute opportunity between 2022 and 2032.With the exception of Japan, nearly 90% of American houses will have some type of air conditioning by 2021, up from 75% in 2015. As of 2015, 75% of American homes had air conditioners.
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Which Type of Air Conditioning System Dominates the U.S. Market?
Under the category of system type, the U.S. market for air conditioning systems is classified into a number of portable, split, cassette, window, single-packaged, chiller, and airside air conditioning systems.
With a market share of 37.7%, chiller air conditioning systems are the most common of them all. The market is anticipated to expand at a 6% CAGR due to this technology's capacity to both prevent equipment from overheating and effectively cool it down.
Chiller air conditioning systems also provide other cost-saving opportunities, such as lower power costs and lower operational expenses. They have lower operating costs and additionally provide high cooling levels.
Key Companies Profiled
• Daikin U.S. Corporation
• United Technologies
• Honeywell International Inc.
• Ingersoll Rand
• Mitsubishi Corporation (Americas)
• Haier Electronics Group Co. Ltd.
• Samsung Electronics
• Carrier Corporation
• Sharp Corporation
In order to help market participants, make strategic decisions and strategically target both the domestic and international markets, the U.S. Air Conditioning System market research examines the important issues relevant to the sectors, assesses the developing trends, gives essential insights.
A macroeconomic and corporate forecast of the U.S. Air Conditioning System market is provided by the report. In this research, industry leaders offer recommendations that will get the market's players ready for a better tomorrow.
Key Highlights
• The study analyses the state of the latest worldwide U.S. Air Conditioning System market.
• The paper investigates the pandemic scenarios that are most likely to have a long-term impact on the sector.
• The paper examines in great detail how the world market for U.S. Air Conditioning System is changing.
• The research examines how the worldwide U.S. Air Conditioning System market is changing, the target markets with the greatest prospects, and emerging trends that could directly or indirectly affect your organisation.
• The report identifies prospects as well as the main obstacles you may face in the near future.
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A thorough analysis of the entire market is made possible by the inclusion of granular segmentation by end-use, category, function, and geographic region in the global U.S. Air Conditioning System market report. Similarly, the existing and anticipated expansion of the U.S. Air Conditioning System business affects the market share of publications.
The research also includes profiles of the U.S. Air Conditioning System industry's goods, sales, returns, competitive landscape, market structure, industry drivers, and key business challenges. The study calculates the market's current growth rate, projected future growth, and the key drivers that will affect that growth in 2022. The research also anticipates sales for the years 2022 to 2032 and calculates the number of product sold from 2015 to 2020.
U.S. Air Conditioning System Market: Segmentation
• By System Type :
o Portable Air Conditioning Systems
o Window Air Conditioning Systems
o Split Air Conditioning Systems
o Cassette Air Conditioning Systems
o Single Packaged Air Conditioning Systems
o Chiller Air Conditioning Systems
o Airside Air Conditioning Systems
• By Technology :
o Automatic Air Conditioning Systems
o Manual Air Conditioning Systems
• By Mounting Type :
o Unitary Air Conditioning Systems
o Rooftop Air Conditioning Systems
o PTAC Air Conditioning Systems
• By End Use :
o Residential Air Conditioning Systems
o Commercial Air Conditioning Systems
o Industrial Air Conditioning Systems
• By Sales Channel :
o Direct Sales of Air Conditioning Systems
o Indirect Sales of Air Conditioning Systems
• By Region :
o West U.S.
o South-West U.S.
o Mid-West U.S.
o North-East U.S.
o South-East U.S.
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The key business strategies discussed in this market research revolve around-
• How key players in the U.S. Air Conditioning System market are maintaining their competitive advantage in the wake of globalization?
• What changing dynamics in the U.S. Air Conditioning System industry specify about the future opportunities for manufacturers?
• How Covid-19 pandemic affected sales in the U.S. Air Conditioning System market and what strategies are expected to recover from its impact?
• What business tactics are gaining attention and influencing U.S. Air Conditioning System market rivalry?
• What is the current U.S. Air Conditioning System market share?
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