North America Air Conditioners Market Report and Forecast 2025-2034

North America Air Conditioners Market Size

The North America air conditioners market reached USD 24.2 billion in 2023. The market is expected to grow at a CAGR of 5.3% between 2024 and 2032, reaching almost USD 38.62 billion by 2032.

North America Air Conditioners Market Outlook

• 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.

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 2018-2023

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

The North America air conditioners market growth is driven by the introduction of new-generation air conditioners, increased residential applications owing to the steady growth in the housing sector, expanding use commercially, and rising temperatures and increasing heatwaves.

March 2024

Bosch, Lennox, and Samsung Electronics were among the industrial firms that competed for the acquisition of the HVAC assets of Johnson Controls International worth $6 Billion.

January 2024

LG unveiled its latest HVAC solutions such as the R32 air-to-water heat pump and furnace at the AHR EXPO 2024.

September 2023

LG tied up with residential energy management company OhmConnect, by incentivising demand response (DR) enabling automatic energy-saving control of household appliances.

July 2023

AirReps, the Washington-based arm of Daikin Comfort Technologies North America, acquired Seattle's Integrated Systems and Controls LLC and InControl.

Rising Temperatures

The World Bank suggests average temperatures are rising, a trend which is more likely to push individuals to invest in air conditioning.

Smart Technology Integration

Growth in the North America air conditioners market may come from features like Wi-Fi connectivity, smartphone controls, and integration with home automation systems which are gaining popularity.

Sustainability and Eco-Friendly air conditioners

There's a shift towards eco-friendly air conditioning, driven by regulations phasing out ozone-depleting substances, manufacturers are increasingly offering alternative technology, keeping sustainability in mind.

Infrastructure boom may help

Steady growth in infrastructure projects in the domestic regions is likely to cause commercial and residential growth in the North America air conditioners market.

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 2024-2032 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 Country

• 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. 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 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 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 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.

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.

Key Highlights of the Report