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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.
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.
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.
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 market report and forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Size
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Country
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.
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.
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Size |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Air Conditioners Market Overview
8.1 Key Industry Highlights
8.2 Global Air Conditioners Historical Market (2018-2023)
8.3 Global Air Conditioners Market Forecast (2024-2032)
8.4 Global Air Conditioners Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Air Conditioners Market Overview
9.1 Key Industry Highlights
9.2 North America Air Conditioners Historical Market (2018-2023)
9.3 North America Air Conditioners Market Forecast (2024-2032)
10 North America Air Conditioners Market by Type
10.1 Window AC
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Central AC
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mini Split AC
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 North America Air Conditioners Market by Size
11.1 <12K BTU
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 12K-36K BTU
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 36K-60K BTU
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 60K+ BTU
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 North America Air Conditioners Market by End Use
12.1 Commercial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Residential
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Air Conditioners Market by Distribution Channel
13.1 Hypermarkets/Supermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Specialty Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Online Channels
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 North America Air Conditioners Market by Country
14.1 United States
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code – 841583)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Lennox International Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Nortek Global HVAC LLC
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 LG Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 AB Electrolux
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Daikin Industries, Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Haier Group Corp.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Samsung Electronics Co. Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Panasonic Holdings Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Johnson Controls Plc
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Mitsubishi Electric Corp.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Air Conditioners Market: Key Industry Highlights, 2018 and 2032
2. North America Air Conditioners Market: Key Industry Highlights, 2018 and 2032
3. North America Air Conditioners Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Air Conditioners Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Air Conditioners Historical Market: Breakup by Size (USD Billion), 2018-2023
6. North America Air Conditioners Market Forecast: Breakup by Size (USD Billion), 2024-2032
7. North America Air Conditioners Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. North America Air Conditioners Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. North America Air Conditioners Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. North America Air Conditioners Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. North America Air Conditioners Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Air Conditioners Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. North America Air Conditioners Market Structure
The market was valued at USD 24.2 billion in 2023.
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is expected to reach USD 38.62 billion in 2032.
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.
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