North America Air Conditioning Systems Market

North America Air Conditioning Systems Market Size (2024 to 2032)

The North America air conditioning systems market was worth US$ 65.67 billion in 2023 and is anticipated to reach a valuation of US$ 98.27 billion by 2032 from US$ 68.68 billion in 2024, and it is predicted to register a CAGR of 4.58% during the forecast period 2024-2032.

MARKET SCENARIO

Air conditioning systems vary in units from small to large. Small units are widely used in single rooms whereas large units can be operated to provide cooling for the entire building. These systems offer a comfortable environment in the interior by improving the quality of the air.

MARKET DRIVERS

Rise in the disposable income in urbanized areas is the primary factor influencing the growth of the market. In addition, growing conditions of global warming are accelerating the demand of the market.

MARKET OPPORTUNITIES

Increasing competition between the market players and the launch of various features for the existing systems innovatively are setting up growth opportunities for the market. Furthermore, a growing number of smart home buildings are leveraging the demand of the market. 

MARKET CHALLENGES

However, lack of standardization is quietly degrading the growth of the regional market. Stringent rules and regulations by the government in concern towards the environment safety measures remained a challenging factor for the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

North America Air Conditioning Systems Market By Product Type

Split air conditioning systems are ruling with the highest shares of the market owing to the adoption of the latest technological developments.

North America Air Conditioning Systems Market By End-user

The Commercial segment holds the largest share of the market, driven by the rise in the scale of industries and their demand for air conditioner installation.

GEOGRAPHICAL ANALYSIS

North America holds the largest share of the market, and it is estimated to continue growing at the same rate in the foreseen years.

Manufacturing of the products with new techniques in order to consume less energy is fueling the demand of the market. Also, growing revenue in developed and developing countries is lavishing the growth of the market in this region. In addition, the growing prevalence of the large unit air conditioners due to a rise in the construction of malls and other commercial buildings.

KEY PLAYERS IN THE NORTH AMERICA AIR CONDITIONING SYSTEMS MARKET

Companies playing a prominent role in the north america air conditioning systems market include Ingersoll Rand, Daikin Industries Ltd., Carrier Corporation, Mitsubishi, and Hitachi, among others.

DETAILED SEGMENTATION OF THE NORTH AMERICA  AIR CONDITIONING SYSTEMS MARKET IS INCLUDED IN THIS REPORT

This north america air conditioning systems market research report has been segmented and sub-segmented based on product type, end-user, and region.

By Product Type

• Portable
• Window
• Split

By End-user

• Residential
• Commercial

By Country

• United States
• Canada
• Mexico