Air Conditioning Equipment Market in the US

  • ID: 4533051
  • Report
  • Region: United States
  • 123 Pages
  • The Freedonia Group
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Air Conditioning Equipment Market in the US by Product, Market and Region

US demand for heating equipment is projected to advance 4% per year through 2021. Replacement of aging equipment that has reached the end of its operational life will remain the key driver of demand gains. In addition, rising installation rate of central air conditioning in new buildings will boost sales. However, the pace of growth will slow through 2021 as much of the pent up demand that built up during the Great Recession was alleviated between 2011 and 2016.

This report analyzes air conditioning equipment demand by product, market, and region. Data are given in dollar value and units.

The air conditioning equipment products covered in the study are:

Unitary air conditioners

Room air conditioners

Packaged terminal air conditioners

Chillers

Absorption liquid chillers

The markets for heating equipment are:

Commercial, including both new buildings and existing buildings

Residential, including both new buildings and existing buildings

Demand is also broken out by US Census region:

Midwest

South

Northeast

West

Scope of the Report

This report shows the scope, size, and growth of the US air conditioning equipment market, including key trends by product type and market. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year-by-year historical market volatility also addressed. Also included is an analysis of the key industry players and their market share.
Note: Product cover images may vary from those shown
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1. EXECUTIVE SUMMARY
2. 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
3. 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
4. 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
5. 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
6. 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
7. 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
2. 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)
3. 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
4. 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)
5. 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)
6. 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
7. 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 FIGURES
1. EXECUTIVE SUMMARY
Figure 1-1 - Key Trends in the US Market for Air Conditioning Equipment
2. 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)
3. 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)
4. 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)
5. 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)
6. 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
7. 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)
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