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PUBLISHER: Grand View Research | PRODUCT CODE: 1446598
PUBLISHER: Grand View Research | PRODUCT CODE: 1446598
North America Air Conditioning Systems Market Size, Share & Trends Analysis Report By Type (Package Air Conditioners), By Technology (Inverter), By End-use (Residential), By Country, And Segment Forecasts, 2024 - 2030
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North America Air Conditioning Systems Market Growth & Trends:
The North America air conditioning systems market size is expected to reach USD 5.30 billion by 2030, expanding at a CAGR of 7.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising construction spending in residential, commercial, and industrial sectors is anticipated to drive growth. In addition, over the next six years, the growth is anticipated to be fueled by favorable regulatory initiatives for energy efficiency. It is also anticipated to be fueled by elements like the tourist and construction industries' optimistic expansion.
The rising disposable incomes are expected to promote the use of a range of air conditioning systems. Additionally, elements like the rising customer preference for energy-efficient systems and the expanding use of portable systems are anticipated to favorably affect the expansion of the air conditioning systems market in North America.
Product development and innovation have benefited from technological advances. Over the course of the projected period, the North America air conditioning systems industry may be hampered by intense rivalry from other regional markets and cheaper products supplied by Chinese manufacturers. Over the next six years, there should be opportunities for the market. Participants due to expanding application areas, such as the usage of portable air conditioning systems in tents for outdoor activities.
The growth of the market is further driven by the increased popularity of smart devices that can transform traditional remote-controlled air conditioners into smart gadgets. Room air conditioner demand is being fueled by rising housing standards, while packaged air conditioner demand is predicted to expand somewhat as more malls, offices, and factories are permitted to be built.
North America Air Conditioning Systems Market Report Highlights:
- The U.S. contributed to over 97.53% of the revenue generation in 2022 and is anticipated to continue dominating the market over the forecast period. This can be attributed to energy efficiency guidelines set by the US Environmental Protection Agency (EPA). Mexico is expected to be the largest regional market in North America, with a CAGR of 5.5% till 2030
- Key industry participants employ strategies such as mergers, acquisitions, and strategic collaborations to gain market share. Arcelik, BSH Group, Carrier Corporation, Daiki Industries Ltd., Electrolux, and Haier Group Industries Ltd among others are the key companies operating in the market
Product Code: 978-1-68038-131-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. North America Air Conditioning Systems Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Concentration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Outlook
- 3.3.2. Manufacturing Outlook
- 3.3.3. End-user Outlook
- 3.4. Regulatory Framework
- 3.5. Technology Framework
- 3.6. Impact of Free Trade Agreements
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.7.4. Industry Opportunities
- 3.8. Industry Analysis Tools
- 3.8.1. Porter's Five Forces Analysis
- 3.8.2. Macro-environmental Analysis
- 3.9. Economic Mega Trend Analysis
Chapter 4. North America Air Conditioning Systems Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. North America Air Conditioning Systems Market Estimates & Forecast, By Type, 2018 to 2030 (USD Billion, Thousand Units)
- 4.3. Package Air Conditioners
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- 4.4. Split Air Conditioning Systems
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- 4.5. Window Unit Air Conditioning System
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- 4.6. Ductless Mini-Split Systems
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
Chapter 5. North America Air Conditioning Systems Market: Technology Estimates & Trend Analysis
- 5.1. Technology Movement Analysis & Market Share, 2023 & 2030
- 5.2. North America Air Conditioning Systems Market Estimates & Forecast, By Technology, 2018 to 2030 (USD Billion, Thousand Units)
- 5.3. Inverter
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- 5.4. Non-Inverter
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
Chapter 6. North America Air Conditioning Systems Market: End-use Estimates & Trend Analysis
- 6.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America Air Conditioning Systems Market Estimates & Forecast, By End-use, 2018 to 2030 (USD Billion, Thousand Units)
- 6.3. Residential
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- 6.4. Commercial
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- 6.5. Industrial
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion, Thousand Units)
Chapter 7. North America Air Conditioning Systems Market: Country Estimates & Trend Analysis
- 7.1. Country Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Air Conditioning Systems Market Estimates & Forecast, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.2. North America Air Conditioning Systems Market Estimates & Forecast, By Type, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.3. North America Air Conditioning Systems Market Estimates & Forecast, By Technology, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.4. North America Air Conditioning Systems Market Estimates & Forecast, By End-use, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.5. U.S.
- 7.2.5.1. Key country dynamics
- 7.2.5.2. U.S. air conditioning systems market estimates & forecast, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.5.3. U.S. air conditioning systems market estimates & forecast, By Type, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.5.4. U.S. air conditioning systems market estimates & forecast, By Technology, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.5.5. U.S. air conditioning systems market estimates & forecast, By End-use, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.6. Canada
- 7.2.6.1. Key country dynamics
- 7.2.6.2. Canada air conditioning systems market estimates & forecast, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.6.3. Canada air conditioning systems market estimates & forecast, By Type, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.6.4. Canada air conditioning systems market estimates & forecast, By Technology, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.6.5. Canada air conditioning systems market estimates & forecast, By End-use, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.7. Mexico
- 7.2.7.1. Key country dynamics
- 7.2.7.2. Mexico air conditioning systems market estimates & forecast, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.7.3. Mexico air conditioning systems market estimates & forecast, By Type, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.7.4. Mexico air conditioning systems market estimates & forecast, By Technology, 2018 - 2030 (USD Billion, Thousand Units)
- 7.2.7.5. Mexico air conditioning systems market estimates & forecast, By End-use, 2018 - 2030 (USD Billion, Thousand Units)
Chapter 8. North America Air Conditioning Systems Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share Analysis, 2023
- 8.4. Company Market Positioning
- 8.5. Competitive Dashboard Analysis
- 8.6. Company Heat Map Analysis, 2023
- 8.7. Strategy Mapping
- 8.7.1. Expansion
- 8.7.2. Mergers & Acquisition
- 8.7.3. Partnerships & Collaborations
- 8.7.4. New Product Launches
- 8.7.5. Research And Development
- 8.8. Company Profiles
- 8.8.1. Arcelik
- 8.8.1.1. Participant's overview
- 8.8.1.2. Financial performance
- 8.8.1.3. Product benchmarking
- 8.8.1.4. Recent developments
- 8.8.2. BSH Group
- 8.8.2.1. Participant's overview
- 8.8.2.2. Financial performance
- 8.8.2.3. Product benchmarking
- 8.8.2.4. Recent developments
- 8.8.3. Carrier Corporation
- 8.8.3.1. Participant's overview
- 8.8.3.2. Financial performance
- 8.8.3.3. Product benchmarking
- 8.8.3.4. Recent developments
- 8.8.4. Daikin Industries Ltd
- 8.8.4.1. Participant's overview
- 8.8.4.2. Financial performance
- 8.8.4.3. Product benchmarking
- 8.8.4.4. Recent developments
- 8.8.5. Electrolux
- 8.8.5.1. Participant's overview
- 8.8.5.2. Financial performance
- 8.8.5.3. Product benchmarking
- 8.8.5.4. Recent developments
- 8.8.6. Haier Group
- 8.8.6.1. Participant's overview
- 8.8.6.2. Financial performance
- 8.8.6.3. Product benchmarking
- 8.8.6.4. Recent developments
- 8.8.7. Hitachi Air Conditioning
- 8.8.7.1. Participant's overview
- 8.8.7.2. Financial performance
- 8.8.7.3. Product benchmarking
- 8.8.7.4. Recent developments
- 8.8.8. Ingersoll Rand
- 8.8.8.1. Participant's overview
- 8.8.8.2. Financial performance
- 8.8.8.3. Product benchmarking
- 8.8.8.4. Recent developments
- 8.8.9. LG
- 8.8.9.1. Participant's overview
- 8.8.9.2. Financial performance
- 8.8.9.3. Product benchmarking
- 8.8.9.4. Recent developments
- 8.8.10. Mitsubishi Electric
- 8.8.10.1. Participant's overview
- 8.8.10.2. Financial performance
- 8.8.10.3. Product benchmarking
- 8.8.10.4. Recent developments
- 8.8.1. Arcelik
Product Code: 978-1-68038-131-3
List of Tables
- Table 1 North America air conditioning systems market 2018 - 2030 (USD Billion, Thousand Units)
- Table 2 North America air conditioning systems market estimates and forecasts, by type 2018 - 2030 (USD Billion, Thousand Units)
- Table 3 North America air conditioning systems market estimates and forecasts, by technology 2018 - 2030 (USD Billion, Thousand Units)
- Table 4 North America air conditioning systems market estimates and forecasts, by end-use 2018 - 2030 (USD Billion, Thousand Units)
- Table 5 U.S. air conditioning systems market estimates and forecasts, by type 2018 - 2030 (USD Billion, Thousand Units)
- Table 6 U.S. air conditioning systems market estimates and forecasts, by technology 2018 - 2030 (USD Billion, Thousand Units)
- Table 7 U.S. air conditioning systems market estimates and forecasts, by end-use 2018 - 2030 (USD Billion, Thousand Units)
- Table 8 Canada air conditioning systems market estimates and forecasts, by type 2018 - 2030 (USD Billion, Thousand Units)
- Table 9 Canada air conditioning systems market estimates and forecasts, by technology 2018 - 2030 (USD Billion, Thousand Units)
- Table 10 Canada air conditioning systems market estimates and forecasts, by end-use 2018 - 2030 (USD Billion, Thousand Units)
- Table 11 Mexico air conditioning systems market estimates and forecasts, by type 2018 - 2030 (USD Billion, Thousand Units)
- Table 12 Mexico air conditioning systems market estimates and forecasts, by technology 2018 - 2030 (USD Billion, Thousand Units)
- Table 13 Mexico air conditioning systems market estimates and forecasts, by end-use 2018 - 2030 (USD Billion, Thousand Units)
- Table 14 Recent Developments & Impact Analysis, By Key Market Participants
- Table 15 Company Market Share Analysis, 2023
- Table 16 Company Heat Map Analysis, 2023
- Table 17 Key Companies: Expansion
- Table 18 Key Companies: Agreements
- Table 19 Key Companies: Mergers & Acquisition
- Table 20 Key Companies: Product Launches
List of Figures
- Fig. 1 Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 North America Air Conditioning Systems Market Value, 2023 (USD Billion, Thousand Units)
- Fig. 10 Concentration And Growth Prospect Mapping
- Fig. 11 North America Air Conditioning Systems Market - Value Chain Analysis
- Fig. 12 Market Dynamics
- Fig. 13 Market Driver Analysis
- Fig. 14 Market Restraint Analysis
- Fig. 15 North America Air Conditioning Systems Market: PORTER's Analysis
- Fig. 16 North America Air Conditioning Systems Market: PESTEL Analysis
- Fig. 17 North America Air Conditioning Systems Market, By Type: Key Takeaways
- Fig. 18 North America Air Conditioning Systems Market: Type Movement Analysis & Market Share, 2023 & 2030
- Fig. 19 Package Air Conditioners Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 20 Split Air Conditioning Systems Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 21 Window Unit Air Conditioning System Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 22 Ductless Mini-Split Systems Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 23 North America Air Conditioning Systems Market: By Technology: Key Takeaways
- Fig. 24 North America Air Conditioning Systems Market: Technology Movement Analysis & Market Share, 2023 & 2030
- Fig. 25 Inverter Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 26 Non-Inverter Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 27 North America Air Conditioning Systems Market, By End-use: Key Takeaways
- Fig. 28 North America Air Conditioning Systems Market: End-use Movement Analysis & Market Share, 2023 & 2030
- Fig. 29 Residential Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 30 Commercial Goods Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 31 Industrial Market Estimates & Forecasts, 2018 - 2030 (USD Billion, Thousand Units)
- Fig. 32 Key Company/Competition Categorization
- Fig. 33 Company Market Positioning
- Fig. 34 Company Market Share Analysis, 2023
- Fig. 35 Competitive Dashboard Analysis
- Fig. 36 Strategic Framework
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