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North America Air Conditioner (AC) Market (2024-2030) | Trends, Forecast, Revenue, Outlook, Analysis, Companies, Growth, Value, Industry, Size & Share

Market Forecast By Countries (United States, Canada), By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others) And Competitive Landscape

Product Code: ETC090131	Publication Date: Jun 2024	Updated Date: Jun 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 200	No. of Figures: 90	No. of Tables: 30

North America Air Conditioner (AC) Market Highlights

Report Name	North America Air Conditioner (AC) Market
Forecast period	2024-2030
CAGR	6.5%
Growing Sector	Residential

Topics Covered in North America Air Conditioner (AC) Market Report

The North America Air Conditioner (AC) Market Report thoroughly covers the market By Types, By Application, and By Countries. The North America Air Conditioner (AC) Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Air Conditioner (AC) Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

North America Air Conditioner (AC) Market Synopsis

North America Air Conditioner (AC) Market is anticipated to register modest growth underpinned by rising disposable income. Increasing penetration towards luxury lifestyle, especially among high-income group people drives the automatic air conditioner. The establishment of offices, complexes, hotels, and residential areas in the region are the major drivers of the market growth.

According to 6Wresearch, the North America Air Conditioner (AC) Market size is projected to grow at a CAGR of 6.5% during the forecast period 2024-2030. The rising region’s temperatures are leading to more frequent and extended heat waves. This, in turn, is leading to increased demand for AC systems, especially in regions that have traditionally not required air conditioning. Additionally, technological advancements have increased the development of energy-efficient AC systems. The integration of smart technology and the Internet of Things (IoT) has also transformed the AC market, allowing for more advanced and personalized cooling solutions.

Despite the North America Air Conditioner (AC) Market Growth, several challenges are being faced by the market. such as the high initial cost of purchasing and installing an AC system. Also, the growing concern about the environmental impact of air conditioning has led governments to impose stricter regulations to ensure that AC systems are more energy-efficient and eco-friendly. However, ductless AC systems are gaining traction due to their energy efficiency and flexibility. The use of renewable energy sources such as solar power to operate AC systems is also taking hold. Also, there is an increasing focus on developing AC systems that use natural refrigerants to replace hydrofluorocarbons (HFCs), which are known for their contribution to greenhouse gas emissions.

Government Initiatives Introduced in the North America Air Conditioner (AC) Market

North America Air Conditioner (AC) Market share is increasing with the launch of various government initiatives in the market. such as, the Environmental Protection Agency (EPA) controls the production and import of refrigerant gases, with a focus on phasing out the use of HFCs. The Department of Energy also has several regulations that govern AC systems’ energy efficiency. In Canada, federal and provincial governments offer rebate programs to stimulate homeowners to upgrade to more energy-efficient AC systems.

Key Players in the North America Air Conditioner (AC) Market

The North America Air Conditioner (AC) Industry consists of various leading players, including LG Electronics, Samsung, Carrier, Mitsubishi, and Panasonic. These players are investing in research and development to create advanced ranges of AC systems that meet the changing needs of customers. Additionally, collaboration among these players is increasing, resulting in the development of more innovative and cost-effective AC solutions.

Future Insights of the North America Air Conditioner (AC) Market

The North America air conditioner (AC) market is poised for growth in the future years, driven by several key factors. One major trend is the increasing demand for energy-efficient and environmentally friendly cooling solutions. With growing awareness about climate change and the associated regulatory requirements, manufacturers are innovating to produce AC units that use less energy and have a lower carbon footprint. Additionally, advancements in smart home technologies are expected to integrate more AC systems with Internet of Things (IoT) capabilities, allowing for more convenient and efficient temperature control. Urbanization and rising temperatures due to global warming are also likely to contribute to the increased adoption of air conditioning units.

Market Analysis by Type

According to Dhaval, Research Manager, 6Wresearch, the room air conditioners are the most popular in the market underpinned by the rising installation rates in the residential sector.

Market Analysis by Application

Based on the application, the commercial & retail sectors hold the largest market share in the market due to the rising construction of commercial spaces in the region coupled with the growing establishment of retail outlets.

Key Highlights of the Report:

10 Years of Market Numbers.
Historical Data Starting from 2020 to 2023.
Base Year: 2023
Forecast Data until 2030.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

North America Air Conditioner (AC) Market (2024-2030): FAQs

Which application segment is gaining traction in the North America Air Conditioner Market?

What are the major growth proliferating factors in the market?

What are the major challenges faced by the market?

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 North America Air Conditioner Market Overview

3.1 North America Regional Macro Economic Indicators

3.2 North America Air Conditioner Market Revenues & Volume, 2020 & 2030F

3.3 North America Air Conditioner Market - Industry Life Cycle

3.4 North America Air Conditioner Market - Porter's Five Forces

3.5 North America Air Conditioner Market Revenues & Volume Share, By Countries, 2020 & 2030F

3.6 North America Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2030F

3.7 North America Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2030F

4 North America Air Conditioner Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 North America Air Conditioner Market Trends

6 North America Air Conditioner Market, By Types, 2020 - 2030

6.1 North America Air Conditioner Market, Revenues & Volume, By Room Air Conditioner, 2020 - 2030

6.2 North America Air Conditioner Market, Revenues & Volume, By Ducted Air Conditioner, 2020 - 2030

6.3 North America Air Conditioner Market, Revenues & Volume, By Ductless Air Conditioner, 2020 - 2030

6.4 North America Air Conditioner Market, Revenues & Volume, By Centralized Air Conditioner, 2020 - 2030

7 North America Air Conditioner Market, By Application, 2020 - 2030

7.1 North America Air Conditioner Market, Revenues & Volume, By Residential, 2020 - 2030

7.2 North America Air Conditioner Market, Revenues & Volume, By Healthcare, 2020 - 2030

7.3 North America Air Conditioner Market, Revenues & Volume, By Healthcare, 2020 - 2030

7.4 North America Air Conditioner Market, Revenues & Volume, By Commercial & Retail, 2020 - 2030

7.5 North America Air Conditioner Market, Revenues & Volume, By Transportation & Infrastructure, 2020 - 2030

7.5 North America Air Conditioner Market, Revenues & Volume, By Hospitality, 2020 - 2030

7.5 North America Air Conditioner Market, Revenues & Volume, By Others, 2020 - 2030

8 North America Air Conditioner Market, By Countries, 2020 - 2030

8.1 North America Air Conditioner Market, Revenues & Volume, By United States, 2020 - 2030

8.2 North America Air Conditioner Market, Revenues & Volume, By Canada, 2020 - 2030

9 North America Air Conditioner Market Key Performance Indicators

10 North America Air Conditioner Market - Opportunity Assessment

10.1 North America Air Conditioner Market Opportunity Assessment, By Countries, 2020 & 2030F

10.2 North America Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2030F

10.3 North America Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2030F

11 North America Air Conditioner Market - Competitive Landscape

11.1 North America Air Conditioner Market Revenue Share, By Companies, 2023

11.2 North America Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters

12 Company Profiles

13 Recommendations

14 Disclaimer

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2021 Aug 27 : Market Research Report

Product Code: ETC090131	Publication Date: Aug 2021	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 200	No. of Figures: 90	No. of Tables: 30

Topics Covered in the North America Air Conditioner (AC) Market

The North America Air Conditioner (AC) Market report thoroughly covers the market by type, by countries and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Air Conditioner (AC) Market Synopsis

North America Air Conditioner Market is anticipated to register modest growth underpinned by rising disposable income. Increasing penetration towards luxury lifestyle, especially among high-income group people drives the automatic air conditioner. The establishment of offices, complexes, hotels and residential areas in the region are the major drivers of the market growth.

According to 6Wresearch, the North America Air Conditioner (AC) Market size is projected to grow at a CAGR of 5.9% during the forecast period 2023-2029. The rising region’s temperatures are leading to more frequent and extended heat waves. This, in turn, is leading to increased demand for AC systems, especially in regions that have traditionally not required air conditioning. Additionally, technological advancements have increased the development of energy-efficient AC systems. The integration of smart technology and the Internet of Things (IoT) has also transformed the AC market, allowing for more advanced and personalized cooling solutions.

Despite the North America air conditioner industry growth, several challenges are being faced by the market. such as the high initial cost of purchasing and installing an AC system. Also, the growing concern about the environmental impact of air conditioning has led governments to impose stricter regulations to ensure that AC systems are more energy-efficient and eco-friendly. However, ductless AC systems are gaining traction due to their energy efficiency and flexibility. The use of renewable energy sources such as solar power to operate AC systems is also taking hold. Also, there is an increasing focus on developing AC systems that use natural refrigerants to replace hydrofluorocarbons (HFCs), which are known for their contribution to greenhouse gas emissions.

Government Initiatives Introduced in the North America Air Conditioner (AC) Market

Key Players in the North America Air Conditioner (AC) Market

The North American AC market consists of various leading players, including LG Electronics, Samsung, Carrier, Mitsubishi, and Panasonic. These players are investing in research and development to create advanced ranges of AC systems that meet the changing needs of customers. Additionally, collaboration among these players is increasing, resulting in the development of more innovative and cost-effective AC solutions.

Market Analysis by Type

According to Dhaval, Research Manager, 6Wresearch, the room air conditioners are the most popular in the market underpinned by the rising installation rates in the residential sector.

Market Analysis by Application

Key attractiveness of the report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2019 to 2022.
Base Year: 2022.
Forecast Data until 2029.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

North America Air Conditioner (AC) Market Outlook
Market Size of North America Air Conditioner (AC) Market, 2022
Forecast of North America Air Conditioner (AC) Market, 2029
Historical Data and Forecast of North America Air Conditioner (AC) Revenues & Volume for the Period 2019 - 2029
North America Air Conditioner (AC) Market Trend Evolution
North America Air Conditioner (AC) Market Drivers and Challenges
North America Air Conditioner (AC) Price Trends
North America Air Conditioner (AC) Porter's Five Forces
North America Air Conditioner (AC) Industry Life Cycle
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Countries for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by United States for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by, Canada for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Type for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Room Air Conditioner for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Ducted Air Conditioner for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Ductless Air Conditioner for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Centralized Air Conditioner for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Application for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Residential for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Healthcare for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Commercial & Retail for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Transportation & Infrastructure for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Hospitality for the Period 2019 - 2029
Historical Data and Forecast of North America Air Conditioner (AC) Market Revenues & Volume by Others for the Period 2019 - 2029
North America Air Conditioner (AC) Import Export Trade Statistics
Market Opportunity Assessment by Type
Market Opportunity Assessment by Application
North America Air Conditioner (AC) Top Companies Market Share
North America Air Conditioner (AC) Competitive Benchmarking by Technical and Operational Parameters
North America Air Conditioner (AC) Company Profiles
North America Air Conditioner (AC) Key Strategic Recommendations