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Report Overview

The North America air conditioners market reached USD 24.20 Billion in 2024. The market is expected to grow at a CAGR of 5.30% between 2025 and 2034, reaching almost USD 40.56 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • As per the United States Census Bureau, building permits authorised 1,458,000 privately owned housing units in March 2024.

  • Electronics and Appliance Stores in the US recorded sales worth USD 7.65 billion in March 2024, reported the United States Census Bureau.

  • As per Statistics Canada, home furniture, furnishings, housewares, appliances, and electronics recorded USD 7.28 billion in sales in December 2023.

Compound Annual Growth Rate

Value in USD Billion

5.3%

2025-2034


North America Air Conditioners Market Outlook

*this image is indicative*

North America Air Conditioners Market Growth

Sustainability concerns among citizens are rising as more and more invest in air conditioning to combat the rising temperatures since as per the World Bank, the annual mean temperature for the year 2022 was recorded at 9.73 degrees Celsius. Companies in the industry have been tackling these sustainability issues by investing in technology that is more environmentally friendly.

The North America air conditioner market growth is expected to be driven by the continual expansion of the housing sector within domestic regions, alongside an uptick in the sales of household appliances and electronics. This trend strongly suggests a growing demand for air conditioners among North American consumers. With a rising number of homes and homeowners, there's a corresponding increase in the demand for air conditioning to enhance comfort and counteract the effects of escalating heat waves.

ELECTRONICS AND APPLIANCE STORES' TOTAL SEASONALLY ADJUSTED SALES MARCH 2018-2024

North America Air Conditioners Market

As per the data shared by the United States Census Bureau, Electronics and Appliance Stores recorded total sales of $7.65 Billion in March 2024.

Key Trends and Developments

North America Air Conditioners Market Trends

Rising temperatures are spurring increased investment in air conditioning throughout North America. With people seeking relief from the effects of higher temperatures, the air conditioner market in the region is undergoing significant expansion.

Technological innovations are crucial, enhancing efficiency and sustainability, while mergers and acquisitions fuel market expansion as companies capitalize on scaling opportunities and steady infrastructure growth sustains demand, shaping key trends in the North America air conditioners market.

North America Air Conditioners Segmentation

North America air conditioners market report and forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

  • Window AC
  • Central AC
  • Mini Split AC
  • Others

Market Breakup by Size:

  • <12K BTU
  • 12K-36K BTU
  • 36K-60K BTU
  • 60K+ BTU

Market Breakup by End Use:

  • Commercial
  • Residential

Market Breakup by Distribution Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Channels
  • Others

Market Breakup by Region:

  • United States
  • Canada

North America Air Conditioners Market Share

In the North America air conditioner market, distribution trends are being influenced by hypermarkets and supermarkets, these stores typically carry various air conditioner brands and models.

In North America, hypermarkets and supermarkets are playing a significant role by offering a convenient one-stop shopping experience for consumers seeking a variety of cooling products.

Online channels like eBay and Amazon are providing consumers with convenient access to air conditioners, allowing them to shop from anywhere and at any time.

In the North America air conditioner market central air conditioners drive growth, these are self-contained units typically installed in windows or through-the-wall openings.

Central air conditioners are engineered to evenly cool entire buildings, ensuring a uniform temperature across multiple rooms or floors. They are a standard choice for large commercial structures.

Conversely, window air conditioners are tailored to cool individual rooms or smaller areas by mounting directly onto windows. They are highly favoured by residential users seeking fast and effective cooling solutions.

The growth in the North America air conditioners market is driven by commercial use cases in various establishments like offices, retail stores, and hotels.

Commercial air conditioning in North America serves businesses, hotels, and public areas, meeting the demand for climate control to ensure comfort for employees, guests, and patrons.

Residential air conditioning in the domestic region meets the cooling needs of households and apartments, offering residents relief from extreme temperatures and improving indoor comfort.

Leading Manufacturers of the North America air conditioners market

Key players are propelling the North America air conditioners market by specializing in providing industrial-grade calcium carbonate.

Lennox International Inc.

Lennox International Inc. was founded in the year 1895 by David Lennox and operates out of Richardson, Texas. It provides climate control products for the heating, ventilation, air conditioning and refrigeration markets.

Nortek Global HVAC LLC

Nortek Global HVAC LLC operates under the parent organisation Nortek and was founded in the year 1919, it operates out of Missouri and specialises in manufacturing and distributing HVAC products.

LG Corporation

LG Corporation is a South Korean multinational conglomerate based in Busan which specialises in the manufacturing of consumer electronics and home appliances. It was founded in the year 1947.

AB Electrolux

AB Electrolux is a Swedish multinational company which is based in Stockholm. It was founded in the year 1919 by Axel Wenner-Gren and manufactures and distributes electrical appliances.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other North America air conditioners market key players are Daikin Industries, Ltd., Haier Group Corp., Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Johnson Controls Plc, and Mitsubishi Electric Corp. among others.

North America Air Conditioners Market by Region

The air conditioner sector in North America has been experiencing steady growth given rising average temperatures throughout the world which may lead to a heightened need for air conditioning.

North America has also been witnessing rising temperatures, as per the World Bank, the annual mean temperature for Canada in 2022 was -4.22 degrees Celsius while for the United States in 2022 the annual mean temperature was 9.73 degrees Celsius.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at USD 24.20 Billion in 2024.

The market is projected to grow at a CAGR of 5.30% between 2025 and 2034.

The market is expected to reach USD 40.56 Billion in 2034.

The introduction of novel technology and rising average temperatures throughout the country may push individuals and businesses to invest in air conditioners which may drive market growth.

Based on end use the market is divided into applications for commercial purposes and applications for residential purposes.

The key market players are Lennox International Inc., Nortek Global HVAC LLC, LG Corporation, AB Electrolux, Daikin Industries, Ltd., Haier Group Corp., Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Johnson Controls Plc, and Mitsubishi Electric Corp. among others.

Based on type the market is divided into window AC, central AC, mini split AC, and others.

The market is broken down into the United States and Canada.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Size
  • End Use
  • Distribution Channel
  • Region
Breakup by Type
  • Window AC
  • Central AC
  • Mini Split AC
  • Others
Breakup by Size
  • <12K BTU
  • 12K-36K BTU
  • 36K-60K BTU
  • 60K+ BTU
Breakup by End Use
  • Commercial
  • Residential
Breakup by Distribution Channel
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Channels
  • Others
Breakup by Region
  • United States
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Lennox International Inc.
  • Nortek Global HVAC LLC
  • LG Corporation
  • AB Electrolux
  • Daikin Industries, Ltd.
  • Haier Group Corp.
  • Samsung Electronics Co. Ltd.
  • Panasonic Holdings Corporation
  • Johnson Controls International Plc
  • Mitsubishi Electric Corp.
  • Others

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