Air Conditioning Equipment Market in the US by Product, Market and Region

Replacement of Aging Equipment to Remain the Key Driver of Growth

Air Conditioning Equipment

US demand for air conditioning equipment is expected to advance 4% annually through 2021. The replacement of aging equipment in existing structures and a rising installation rate for central air conditioning in new buildings will continue to drive overall sales. However, demand is expected to slow from gains recorded during the 2011-2016 period, when there was a higher level of replacement sales to alleviate pent up demand following the Great Recession. Replacement cycles are expected to normalize going forward, slowing the overall pace of growth.

Key Findings in the Air Conditioning Equipment Study:

Unitary Air Conditioners to Remain Dominant

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. In both residential and light commercial buildings, a unitary air conditioner can be easily paired with a warm air furnace, which allows it to utilize the same ductwork.

Room Air Conditioner and Absorption Chiller Demand to Decline Through 2021

As more buildings are either constructed with or retrofitted to utilize central air conditioning systems, the need for supplemental room air conditioners will become limited, negatively impacting equipment sales. In addition, the rising efficiencies of mechanically operated chillers will continue to take market share away from absorption liquid chillers in commercial settings.

Residential Market to Remain the Faster Growing

The residential market for air conditioning equipment is expected to outperform the commercial market through 2021. Ongoing replacement activity will remain the key factor boosting equipment sales. Continued strength in the construction of new housing units will also have a positive impact on demand.

Study Coverage

This industry study presents historical demand data (2006, 2011, and 2016) and forecasts (2021) by product (warm air furnace, boiler, and room and zone heating equipment), market (commercial and residential), and US region (Midwest, South, Northeast, and West). Demand is presented in both dollars and units. The study also evaluates company market share and provides a competitive analysis of leading manufacturers, including Daikin Industries, Ingersoll-Rand, Johnson Controls, Lennox, LG Electronics, Nortek, Rheem, and United Technologies.

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  1. Air Conditioning Equipment Market in the US by Product, Market and Region

    $4,900.00

    1. 1 EXECUTIVE SUMMARY

      $412.00

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

    2. 2 OVERVIEW

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      1. 2.1 Key Findings

        $323.00

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

      2. 2.2 Factors Influencing Air Conditioning Equipment Demand

        $323.00

      3. 2.3 Climate Zones

        $323.00

      4. 2.4 Energy Efficiency

        $323.00

      5. 2.5 Impact of Tax Credits on Air Conditioning Equipment Demand

        $323.00

      6. 2.6 Pricing Trends

        $393.00

        1. 2.6.1 Overall Air Conditioning Equipment Price Trends

          $323.00

          1. Table | Air Conditioning Equipment Pricing Trends, 2006-2021

          2. Figure 2-2 | Air Conditioning Equipment Pricing Trends, 2006-2021

        2. 2.6.2 Pricing Trends by Product

          $323.00

      7. 2.7 Market Volatility

        $323.00

        1. Figure 2-3 | Air Conditioning Equipment Demand, 2006-2016

      8. 2.8 Foreign Trade

        $630.00

        1. 2.8.1 Foreign Trade Overview

          $323.00

          1. Table | Foreign Trade in Air Conditioning Equipment, 2006-2021

          2. Figure 2-4 | US Foreign Trade in Air Conditioning Equipment, 2006-2016

        2. 2.8.2 Imports

          $323.00

          1. Table | Air Conditioning Equipment Imports by Source, 2006-2016

          2. Figure 2-5 | Air Conditioning Equipment Imports by Source, 2006-2016

        3. 2.8.3 Exports

          $323.00

          1. Table | Air Conditioning Equipment Exports by Destination, 2006-2016

          2. Figure 2-6 | Air Conditioning Equipment Exports by Destination, 2006-2016

    3. 3 PRODUCTS

      $3,900.00

      1. 3.1 Key Findings

        $323.00

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

      2. 3.2 Historical Supply & Demand Trends

        $323.00

        1. Table | Air Conditioning Equipment Supply & Demand, 2006-2021

        2. Figure 3-2 | Air Conditioning Equipment Demand, 2006-2016

      3. 3.3 Supply & Demand Forecasts

        $323.00

        1. Table | Air Conditioning Equipment Demand, 2006-2021

      4. 3.4 Demand Forecast by Unit

        $323.00

        1. Table | Air Conditioning Equipment Demand by Unit, 2006-2021

        2. Figure 3-3 | Air Conditioning Equipment Demand by Value & Unit, 2016

      5. 3.5 Air Conditioning Equipment Demand by Product

        $2,970.00

        1. 3.5.1 Air Conditioning Equipment Product Overview

          $323.00

        2. 3.5.2 Unitary Air Conditioners

          $781.00

          1. Table | Unitary Air Conditioner Supply & Demand, 2006-2021

          2. Figure 3-4 | Unitary Air Conditioner Demand, 2006-2016

          3. Table | Unitary Air Conditioner Demand by Type, 2006-2021

          4. Figure 3-5 | Unitary Air Conditioner Demand by Type, 2006-2021

        3. 3.5.3 Room Air Conditioners

          $566.00

          1. Table | Room Air Conditioner Supply & Demand, 2006-2021

          2. Figure 3-6 | Room Air Conditioner Equipment Demand, 2006-2016

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

          4. Figure 3-7 | Room Air Conditioners as a Share of Total Air Conditioning Equipment Demand by Value & Unit, 2016

        4. 3.5.4 Packaged Terminal Air Conditioners

          $493.00

          1. Table | Packaged Terminal Air Conditioner Supply & Demand, 2006-2021

          2. Figure 3-8 | Packaged Terminal Air Conditioner Demand, 2006-2016

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

        5. 3.5.5 Chillers

          $442.00

          1. Table | Chiller Supply & Demand, 2006-2021

          2. Figure 3-9 | Chiller Demand, 2006-2016

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

        6. 3.5.6 Absorption Liquid Chillers

          $442.00

          1. Table | Absorption Liquid Chiller Supply & Demand, 2006-2021

          2. Figure 3-10 | Absorption Liquid Chiller Demand, 2006-2016

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

    4. 4 MARKETS

      $2,484.00

      1. 4.1 Key Findings

        $323.00

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

      2. 4.2 Use of Central Air Conditioning Equipment by Market

        $323.00

        1. Figure 4-2 | Share of Residential & Commercial Building Stock with Central Air Conditioning Systems, 2006 & 2016

      3. 4.3 Air Conditioning Equipment Demand by Market

        $2,104.00

        1. 4.3.1 Air Conditioning Equipment Markets Overview

          $323.00

          1. Table | Air Conditioning Equipment Demand by Market & Segment, 2006-2021

          2. Figure 4-3 | Air Conditioning Equipment Demand by Market, 2006-2021

        2. 4.3.2 Commercial

          $946.00

          1. Table | Commercial Air Conditioning Equipment Demand by Segment, 2006-2021

          2. Figure 4-4 | Commercial Air Conditioning Equipment Demand, 2006-2016

          3. Table | Commercial Air Conditioning Equipment Demand by Building Type, 2006-2021

          4. Figure 4-5 | Commercial Air Conditioning Equipment Demand by Building Type, 2016

          5. Table | Commercial Air Conditioning Equipment Demand by Product, 2006-2021

          6. Figure 4-6 | Commercial Air Conditioning Equipment Demand by Product, 2016

        3. 4.3.3 Residential

          $840.00

          1. Table | Residential Air Conditioning Equipment Demand by Segment, 2006-2021

          2. Figure 4-7 | Residential Air Conditioning Equipment Demand by Segment, 2006-2021

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

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

          5. Table | Residential Air Conditioning Equipment Demand by Building Type, 2006-2021

          6. Figure 4-10 | Residential Air Conditioning Equipment Demand by Building Type, 2006-2021

          7. Table | Residential Air Conditioning Equipment Demand by Product, 2006-2021

          8. Figure 4-11 | Residential Air Conditioning Equipment Demand by Product, 2016

    5. 5 REGIONS

      $2,077.00

      1. 5.1 Key Findings

        $323.00

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

      2. 5.2 Relationship Between Air Conditioning Equipment Demand & Construction Spending

        $323.00

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

      3. 5.3 Air Conditioning Equipment Demand by Region

        $1,816.00

        1. Table | Air Conditioning Equipment Demand by Region, 2006-2021

        2. Figure 5-3 | Air Conditioning Equipment Demand by Region, 2016

        3. 5.3.1 Northeast

          $448.00

          1. Table | Northeast: Air Conditioning Equipment Demand by Market, 2006-2021

          2. Table | Northeast: Air Conditioning Equipment Demand by Product, 2006-2021

          3. Figure 5-4 | Northeast: Air Conditioning Equipment Demand by Product, 2016

        4. 5.3.2 Midwest

          $413.00

          1. Table | Midwest: Air Conditioning Equipment Demand by Market, 2006-2021

          2. Table | Midwest: Air Conditioning Equipment Demand by Product, 2006-2021

          3. Figure 5-5 | Midwest: Air Conditioning Equipment Demand by Product, 2016

        5. 5.3.3 South

          $409.00

          1. Table | South: Air Conditioning Equipment Demand by Market, 2006-2021

          2. Table | South: Air Conditioning Equipment Demand by Product, 2006-2021

          3. Figure 5-6 | South: Air Conditioning Equipment Demand by Product, 2016

        6. 5.3.4 West

          $386.00

          1. Table | West: Air Conditioning Equipment Demand by Market, 2006-2021

          2. Table | West: Air Conditioning Equipment by Product, 2006-2021

          3. Figure 5-7 | West: Air Conditioning Equipment by Product, 2016

    6. 6 INDUSTRY STRUCTURE

      $3,342.00

      1. 6.1 Key Findings

        $323.00

      2. 6.2 Industry Composition

        $323.00

        1. Table | Air Conditioning Equipment Sales by Company, 2016

      3. 6.3 Market Share

        $761.00

        1. Figure 6-1 | US Air Conditioning Equipment Market Share, 2016

        2. Figure 6-2 | Air Conditioning Equipment: Leading Supplier

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

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

      4. 6.4 Competitive Strategies

        $323.00

      5. 6.5 Product Development & Manufacturing

        $323.00

        1. Table | R&D Spending for Selected Air Conditioning Equipment Companies, 2016

      6. 6.6 Marketing

        $449.00

      7. 6.7 Distribution

        $323.00

      8. 6.8 Cooperative Agreements

        $547.00

        1. Table | Selected Cooperative Agreements

      9. 6.9 Mergers, Acquisitions, &Industry Restructuring

        $323.00

        1. Table | Selected Acquisitions & Divestitures

      10. 6.10 List of Industry Participants

        $358.00

    7. 7 APPENDIX

      $3,516.00

      1. 7.1 Scope

        $362.00

        1. Table | Study Scope: Air Conditioning Equipment Markets

        2. Table | Study Scope: US Regions

        3. Table | Relevant NAICS Codes

      2. 7.2 Methodology

        $323.00

      3. 7.3 Sources

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      4. 7.4 Associations & Agencies

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      5. 7.5 Related Freedonia Group Studies

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      6. 7.6 Definitions

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      7. 7.7 Abbreviations

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        1. Table | Abbreviations & Acronyms Used in Study

      8. 7.8 Climate Zones

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        1. Figure 7-1 | Continental US Climate Zones*

      9. 7.9 Macroeconomic Assumptions

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        1. 7.9.1 Economic Environment

          $323.00

          1. Table | Macroeconomic Indicators, 2006-2021

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

        2. 7.9.2 Demographic Trends

          $323.00

          1. Table | Population & Households, 2006-2021

          2. Figure 7-3 | Annual Population Growth, 2001-2016

        3. 7.9.3 Consumer Spending

          $323.00

          1. Table | Personal Consumption Expenditures, 2006-2021

        4. 7.9.4 Building Construction

          $323.00

          1. Table | Building Construction Expenditures, 2006-2021

        5. 7.9.5 Residential

          $792.00

          1. Table | Residential Building Construction Expenditures, 2006-2021

          2. Table | New Housing Indicators, 2006-2021

          3. Table | Housing Stock by Type, 2006-2021

          4. Figure 7-4 | Housing Stock by Year of Construction, 2016

          5. Table | Residential Improvement & Repair Expenditures, 2006-2021

        6. 7.9.6 Nonresidential

          $323.00

          1. Table | Nonresidential Building Construction Expenditures, 2006-2021

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