Study #: 3524 | Published: 05/2017 | Pages: 123 | Individual User License: US$ 4,900

US demand for air conditioning equipment will rise 4.0% yearly through 2021. Unitary air conditioners are the most widely used type of air conditioning equipment in the US and accounted for 80% of all value sales in 2016. However, the need for supplemental room air conditioners will become limited, negatively impacting equipment sales. The residential market for air conditioning equipment is expected to outperform the commercial through 2021, though it will remain the smaller market due to the higher cooling requirements in commercial buildings.

This study analyzes the United States market for air conditioning equipment. For the purposes of this study, demand only includes non-portable air conditioning equipment. Heat pumps are also excluded from the scope this report. Products covered include:

  • absorption chillers
  • chillers
  • packaged terminal air conditioners
  • room air conditioners
  • unitary air conditioners

Demand for air conditioning equipment is examined by product type, market, and region in US dollars at the manufacturers’ level. Unit demand estimates are also provided by product and market. Historical data for 2006, 2011, and 2016 and forecasts to 2021 are presented in current dollars (which are not adjusted to account for inflation.

Table 7-1 | Study Scope: Air Conditioning Equipment Markets

Residential

Commercial

Apartments & other multifamily structures

Institutional buildings

Other nonresidential structures

Manufactured housing

Educational facilities

Airports & bus terminals

Single family homes

Healthcare facilities

Recreational buildings

Religious establishments

Police & fire stations

Office & commercial structures

Prisons

Office buildings

Military installations

Retail establishments

Hospitality facilities

Warehousing & storage facilities (not located on industrial sites)

Other commercial structures (e.g., banks, theatres)

Source: The Freedonia Group

Table 7-2 | Study Scope: US Regions

Northeast

Midwest

South

West

Connecticut

Illinois

Alabama

Alaska

Maine

Indiana

Arkansas

Arizona

Massachusetts

Iowa

Delaware

California

New Hampshire

Kansas

District of Columbia

Colorado

New Jersey

Michigan

Florida

Hawaii

New York

Minnesota

Georgia

Idaho

Pennsylvania

Missouri

Kentucky

Montana

Rhode Island

Nebraska

Louisiana

Nevada

Vermont

North Dakota

Maryland

New Mexico

Ohio

Mississippi

Oregon

South Dakota

North Carolina

Utah

Wisconsin

Oklahoma

Washington

South Carolina

Wyoming

Tennessee

Texas

Virginia

West Virginia

Source: The Freedonia Group


Our Simple Buying Process

Add This Study To Your Cart.

Register, Checkout and
Verify Payment.

Your Report Is Available.

Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Factors Influencing Air Conditioning Equipment Demand

Climate Zones

Energy Efficiency

Impact of Tax Credits on Air Conditioning Equipment Demand

Pricing Trends

Overall Air Conditioning Equipment Price Trends

Pricing Trends by Product

Market Volatility

Foreign Trade

Foreign Trade Overview

Imports

Exports

PRODUCTS

Key Findings

Historical Supply & Demand Trends

Supply & Demand Forecasts

Demand Forecast by Unit

Air Conditioning Equipment Demand by Product

Air Conditioning Equipment Product Overview

Unitary Air Conditioners

Overview

Supply & Demand

Demand Forecasts

Demand by Type

Overview of Unitary Air Conditioner Types

Split

Packaged

Room Air Conditioners

Overview

Supply & Demand

Demand Forecast

Packaged Terminal Air Conditioners

Overview

Supply & Demand

Demand Forecasts

Chillers

Overview

Supply & Demand

Demand Forecasts

Absorption Liquid Chillers

Overview

Supply & Demand

Demand Forecasts

MARKETS

Key Findings

Use of Central Air Conditioning Equipment by Market

Air Conditioning Equipment Demand by Market

Air Conditioning Equipment Markets Overview

Commercial

Air Conditioning Market Overview

Demand by Building Type

Demand by Product Type

Residential

Air Conditioning Market Overview

Existing Buildings

New Buildings

Demand by Building Type

Demand by Product Type

REGIONS

Key Findings

Relationship Between Air Conditioning Equipment Demand & Construction Spending

Air Conditioning Equipment Demand by Region

Northeast

Regional Overview

Demand Forecasts

Demand by Product

Midwest

Regional Overview

Demand Forecasts

Demand by Product

South

Regional Overview

Demand Forecasts

Demand by Product

West

Regional Overview

Demand Forecasts

Demand by Product

INDUSTRY STRUCTURE

Key Findings

Industry Composition

Market Share

Competitive Strategies

Product Development & Manufacturing

Marketing

Distribution

Cooperative Agreements

Mergers, Acquisitions, & Industry Restructuring

List of Industry Participants

APPENDIX

Scope

Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Definitions

Abbreviations

Climate Zones

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Consumer Spending

Building Construction

Residential

New Housing

Housing Stock

Improvements & Repairs

Nonresidential


List of Tables

OVERVIEW

Table 2-1 | Air Conditioning Equipment Pricing Trends, 2006-2021 (dollars/unit)

Table 2-2 | Foreign Trade in Air Conditioning Equipment, 2006-2021 (million dollars)

Table 2-3 | Air Conditioning Equipment Imports by Source, 2006-2016 (million dollars)

Table 2-4 | Air Conditioning Equipment Exports by Destination, 2006-2016 (million dollars)

PRODUCTS

Table 3-1 | Air Conditioning Equipment Supply & Demand, 2006-2021 (million dollars)

Table 3-2 | Air Conditioning Equipment Demand, 2006-2021 (million dollars)

Table 3-3 | Air Conditioning Equipment Demand by Unit, 2006-2021 (000 units)

Table 3-4 | Unitary Air Conditioner Supply & Demand, 2006-2021 (million dollars)

Table 3-5 | Unitary Air Conditioner Demand by Type, 2006-2021 (million dollars)

Table 3-6 | Room Air Conditioner Supply & Demand, 2006-2021 (million dollars)

Table 3-7 | Room Air Conditioner Demand by Value & Unit, 2006-2021

Table 3-8 | Packaged Terminal Air Conditioner Supply & Demand, 2006-2021 (million dollars)

Table 3-9 | Packaged Terminal Air Conditioner Demand by Value & Unit, 2006-2021

Table 3-10 | Chiller Supply & Demand, 2006-2021 (million dollars)

Table 3-11 | Chiller Demand by Value & Unit, 2006-2021

Table 3-12 | Absorption Liquid Chiller Supply & Demand, 2006-2021 (million dollars)

Table 3-13 | Absorption Liquid Chiller Demand by Value & Unit, 2006-2021

MARKETS

Table 4-1 | Air Conditioning Equipment Demand by Market & Segment, 2006-2021 (million dollars)

Table 4-2 | Commercial Air Conditioning Equipment Demand by Segment, 2006-2021 (million dollars)

Table 4-3 | Commercial Air Conditioning Equipment Demand by Building Type, 2006-2021 (million dollars)

Table 4-4 | Commercial Air Conditioning Equipment Demand by Product, 2006-2021 (million dollars)

Table 4-5 | Residential Air Conditioning Equipment Demand by Segment, 2006-2021 (million dollars)

Table 4-6 | Residential Air Conditioning Equipment Demand by Building Type, 2006-2021 (million dollars)

Table 4-7 | Residential Air Conditioning Equipment Demand by Product, 2006-2021 (million dollars)

REGIONS

Table 5-1 | Air Conditioning Equipment Demand by Region, 2006-2021 (million dollars)

Table 5-2 | Northeast: Air Conditioning Equipment Demand by Market, 2006-2021 (million dollars)

Table 5-3 | Northeast: Air Conditioning Equipment Demand by Product, 2006-2021 (million dollars)

Table 5-4 | Midwest: Air Conditioning Equipment Demand by Market, 2006-2021 (million dollars)

Table 5-5 | Midwest: Air Conditioning Equipment Demand by Product, 2006-2021 (million dollars)

Table 5-6 | South: Air Conditioning Equipment Demand by Market, 2006-2021 (million dollars)

Table 5-7 | South: Air Conditioning Equipment Demand by Product, 2006-2021 (million dollars)

Table 5-8 | West: Air Conditioning Equipment Demand by Market, 2006-2021 (million dollars)

Table 5-9 | West: Air Conditioning Equipment by Product, 2006-2021 (million dollars)

INDUSTRY STRUCTURE

Table 6-1 | Air Conditioning Equipment Sales by Company, 2016 (million dollars)

Table 6-2 | R&D Spending for Selected Air Conditioning Equipment Companies, 2016 (million dollars)

Table 6-3 | Selected Cooperative Agreements

Table 6-4 | Selected Acquisitions & Divestitures

APPENDIX

Table 7-1 | Study Scope: Air Conditioning Equipment Markets

Table 7-2 | Study Scope: US Regions

Table 7-3 | Relevant NAICS Codes (2012)

Table 7-4 | Abbreviations & Acronyms Used in Study

Table 7-5 | Macroeconomic Indicators, 2006-2021 (billion 2009 dollars)

Table 7-6 | Population & Households, 2006-2021 (million persons)

Table 7-7 | Personal Consumption Expenditures, 2006-2021 (billion dollars)

Table 7-8 | Building Construction Expenditures, 2006-2021 (billion dollars)

Table 7-9 | Residential Building Construction Expenditures, 2006-2021 (billion dollars)

Table 7-10 | New Housing Indicators, 2006-2021 (thousand units)

Table 7-11 | Housing Stock by Type, 2006-2021 (million units)

Table 7-12 | Residential Improvement & Repair Expenditures, 2006-2021 (billion dollars)

Table 7-13 | Nonresidential Building Construction Expenditures, 2006-2021 (billion dollars)


List of Charts

EXECUTIVE SUMMARY

Figure 1-1 | Key Trends in the US Market for Air Conditioning Equipment

OVERVIEW

Figure 2-1 | Key Trends in the US Air Conditioning Equipment Market

Figure 2-2 | Air Conditioning Equipment Pricing Trends, 2006-2021 (annual percent change)

Figure 2-3 | Air Conditioning Equipment Demand, 2006-2016 (million dollars)

Figure 2-4 | US Foreign Trade in Air Conditioning Equipment, 2006-2016 (million dollars)

Figure 2-5 | Air Conditioning Equipment Imports by Source, 2006-2016 (million dollars)

Figure 2-6 | Air Conditioning Equipment Exports by Destination, 2006-2016 (million dollars)

PRODUCTS

Figure 3-1 | Key Trends in US Air Conditioning Equipment Products

Figure 3-2 | Air Conditioning Equipment Demand, 2006-2016 (million dollars)

Figure 3-3 | Air Conditioning Equipment Demand by Value & Unit, 2016 (percent of total)

Figure 3-4 | Unitary Air Conditioner Demand, 2006-2016 (percent annual change)

Figure 3-5 | Unitary Air Conditioner Demand by Type, 2006-2021 (million dollars)

Figure 3-6 | Room Air Conditioner Equipment Demand, 2006-2016 (percent annual change)

Figure 3-7 | Room Air Conditioners as a Share of Total Air Conditioning Equipment Demand by Value & Unit, 2016 (percent of total)

Figure 3-8 | Packaged Terminal Air Conditioner Demand, 2006-2016 (percent annual change)

Figure 3-9 | Chiller Demand, 2006-2016 (percent annual change)

Figure 3-10 | Absorption Liquid Chiller Demand, 2006-2016 (percent annual change)

MARKETS

Figure 4-1 | Key Trends in US Air Conditioning Equipment Markets

Figure 4-2 | Share of Residential & Commercial Building Stock with Central Air Conditioning Systems, 2006 & 2016 (percent of total building stock)

Figure 4-3 | Air Conditioning Equipment Demand by Market, 2006-2021 (percent of value demand)

Figure 4-4 | Commercial Air Conditioning Equipment Demand, 2006-2016 (million dollars)

Figure 4-5 | Commercial Air Conditioning Equipment Demand by Building Type, 2016 (billion dollars)

Figure 4-6 | Commercial Air Conditioning Equipment Demand by Product, 2016 (billion dollars)

Figure 4-7 | Residential Air Conditioning Equipment Demand by Segment, 2006-2021 (million dollars)

Figure 4-8 | Air Conditioning Equipment Demand in Existing Residential Buildings by Value, 2006-2016

Figure 4-9 | New Residential Building Air Conditioning Equipment Demand by Value, 2006-2016

Figure 4-10 | Residential Air Conditioning Equipment Demand by Building Type, 2006-2021 (billion dollars)

Figure 4-11 | Residential Air Conditioning Equipment Demand by Product, 2016 (billion dollars)

REGIONS

Figure 5-1 | Key Trends in US Air Conditioning Equipment Regions

Figure 5-2 | US Air Conditioning Equipment Demand Relative to Construction Spending by Region, 2016

Figure 5-3 | Air Conditioning Equipment Demand by Region, 2016 (billion dollars)

Figure 5-4 | Northeast: Air Conditioning Equipment Demand by Product, 2016 (billion dollars)

Figure 5-5 | Midwest: Air Conditioning Equipment Demand by Product, 2016 (billion dollars)

Figure 5-6 | South: Air Conditioning Equipment Demand by Product, 2016 (billion dollars)

Figure 5-7 | West: Air Conditioning Equipment by Product, 2016 (billion dollars)

INDUSTRY STRUCTURE

Figure 6-1 | US Air Conditioning Equipment Market Share, 2016 (billion dollars)

Figure 6-2 | Air Conditioning Equipment: Leading Supplier

Figure 6-3 | Air Conditioning Equipment: Second Leading Supplier

Figure 6-4 | Air Conditioning Equipment: Third Leading Supplier 8

APPENDIX

Figure 7-1 | Continental US Climate Zones

Figure 7-2 | Annual Growth in Real GDP, 2000-2016, Compared to 1980-2005 Average (percent)

Figure 7-3 | Annual Population Growth, 2001-2016 (percent)

Figure 7-4 | Housing Stock by Year of Construction, 2016 (percent)


© by The Freedonia Group, a division of MarketResearch.com