The North America Air Conditioning Systems Market would witness market growth of 6.0% CAGR during the forecast period (2021-2027).
There is high adoption of commercial air conditioning systems across the hospitality & tourism sector including theaters, malls, cruise liners, hospitals, and other healthcare facilities, which is anticipated to augment the growth of the market over the forecast period. Along with that, the growing international tourism, the introduction of energy-efficient systems, increasing consumer spending on improving the home, and the growing popularity of green cooling approaches, are among the key aspects bolstering the growth of the market in the forecast years.
The Packaged Terminal Air Conditioner (PTAC) segment is projected to display a significant growth rate over the forecast period. The growing adoption of these package terminal air conditioners in the hospitality and residential sectors is estimated to propel the growth of the segment during the forecast period.
There are many people across this region are replacing their prevailing air conditioning systems with advanced and improved models, which are energy-efficient and can help them in reducing their electricity bills. In addition, numerous regional market players are incorporating advanced technologies for better performance with energy efficiency, which would accelerate the growth of the regional air conditioning systems market during the forecast period. Additionally, central air conditioning products are facing strict rules and regulations in the U.S. with Energy Star being a mandate.
The US market dominated the North America Air Conditioning Systems Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $29,129.4 million by 2027. The Canada market would experience a CAGR of 8.4% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 7.4% during (2021 - 2027).
Based on Type, the market is segmented into Unitary, Rooftop and PTAC. Based on Technology, the market is segmented into Non-Inverter and Inverter. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Air Conditioning Systems Market is Estimated to reach $154 Billion by 2027, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Hitachi, Ltd., Haier Smart Home Co., Ltd. (Haier Group Corporation), Whirlpool Corporation, Mitsubishi Electric Corporation, Trane Technologies PLC, Daikin Industries, Ltd., BSH Hausgeräte GmbH (Robert Bosch Group), Alfa Laval AB, and Electrolux AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Technology
By End User
- Residential
- Commercial
- Industrial
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Carrier Global Corporation
- Hitachi, Ltd.
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Whirlpool Corporation
- Mitsubishi Electric Corporation
- Trane Technologies PLC
- Daikin Industries, Ltd.
- BSH Hausgeräte GmbH (Robert Bosch Group)
- Alfa Laval AB
- Electrolux AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Air Conditioning Systems Market, by Type
1.4.2 North America Air Conditioning Systems Market, by Technology
1.4.3 North America Air Conditioning Systems Market, by End User
1.4.4 North America Air Conditioning Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. North America Air Conditioning Systems Market by Type
4.1 North America Air Conditioning Systems Unitary Market by Country
4.2 North America Air Conditioning Systems Rooftop Market by Country
4.3 North America Air Conditioning Systems PTAC Market by Country
Chapter 5. North America Air Conditioning Systems Market by End Use
5.1 North America Air Conditioning Systems Residential Market by Country
5.2 North America Air Conditioning Systems Commercial Market by Country
5.3 North America Air Conditioning Systems Industrial Market by Country
Chapter 6. North America Air Conditioning Systems Market by Technology
6.1 North America Non-Inverter Air Conditioning Systems Market by Country
6.2 North America Inverter Air Conditioning Systems Market by Country
Chapter 7. North America Air Conditioning Systems Market by Country
7.1 US Air Conditioning Systems Market
7.1.1 US Air Conditioning Systems Market by Type
7.1.2 US Air Conditioning Systems Market by End Use
7.1.3 US Air Conditioning Systems Market by Technology
7.2 Canada Air Conditioning Systems Market
7.2.1 Canada Air Conditioning Systems Market by Type
7.2.2 Canada Air Conditioning Systems Market by End Use
7.2.3 Canada Air Conditioning Systems Market by Technology
7.3 Mexico Air Conditioning Systems Market
7.3.1 Mexico Air Conditioning Systems Market by Type
7.3.2 Mexico Air Conditioning Systems Market by End Use
7.3.3 Mexico Air Conditioning Systems Market by Technology
7.4 Rest of North America Air Conditioning Systems Market
7.4.1 Rest of North America Air Conditioning Systems Market by Type
7.4.2 Rest of North America Air Conditioning Systems Market by End Use
7.4.3 Rest of North America Air Conditioning Systems Market by Technology
Chapter 8. Company Profiles
8.1 Carrier Global Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent Strategies and Developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisitions and Mergers:
8.1.5.3 Product Launches and Product Expansions:
8.1.5.4 Geographical Expansions:
8.2 Hitachi, Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent Strategies and Developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Geographical Expansions:
8.3 Haier Smart Home Co., Ltd. (Haier Group Corporation)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Geographical Expansions:
8.4 Whirlpool Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent Strategies and Developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Mitsubishi Electric Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent Strategies and Developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisitions and Mergers:
8.5.5.3 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 Trane Technologies PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.7 Daikin Industries, Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent Strategies and Developments:
8.7.5.1 Acquisitions and Mergers:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Geographical Expansions:
8.7.6 SWOT Analysis
8.8 BSH Hausgeräte GmbH (Robert Bosch Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent Strategies and Developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisitions and Mergers:
8.8.5.3 Product Launches and Product Expansions:
8.9 Alfa Laval AB
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.10. Electrolux AB
8.10.1 Company Overview
8.10.2 Recent Strategies and Developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 2 North America Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Air Conditioning Systems Market
TABLE 4 Product Launches And Product Expansions– Air Conditioning Systems Market
TABLE 5 Acquisition and Mergers– Air Conditioning Systems Market
TABLE 6 Geographical Expansions– Air Conditioning Systems Market
TABLE 7 North America Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 8 North America Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 9 North America Air Conditioning Systems Unitary Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Air Conditioning Systems Unitary Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Air Conditioning Systems Rooftop Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Air Conditioning Systems Rooftop Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Air Conditioning Systems PTAC Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Air Conditioning Systems PTAC Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 16 North America Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 17 North America Air Conditioning Systems Residential Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Air Conditioning Systems Residential Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Air Conditioning Systems Commercial Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Air Conditioning Systems Commercial Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Air Conditioning Systems Industrial Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Air Conditioning Systems Industrial Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 24 North America Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 25 North America Non-Inverter Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Non-Inverter Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Inverter Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Inverter Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 31 US Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 32 US Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 33 US Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 34 US Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 35 US Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 36 US Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 37 US Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 38 US Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 39 Canada Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 40 Canada Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 41 Canada Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 42 Canada Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 43 Canada Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 44 Canada Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 45 Canada Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 46 Canada Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 47 Mexico Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 48 Mexico Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 49 Mexico Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 50 Mexico Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 51 Mexico Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 52 Mexico Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 53 Mexico Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 54 Mexico Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 55 Rest of North America Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 56 Rest of North America Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 57 Rest of North America Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 58 Rest of North America Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 59 Rest of North America Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 60 Rest of North America Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 61 Rest of North America Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 62 Rest of North America Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 63 Key Information – Carrier Global Corporation
TABLE 64 Key Information – Hitachi, Ltd.
TABLE 65 key information –Haier Smart Home Co., Ltd.
TABLE 66 Key information – Whirlpool Corporation
TABLE 67 key information – Mitsubishi Electric Corporation
TABLE 68 Key Information – Trane Technologies PLC
TABLE 69 Key information – Daikin Industries, Ltd.
TABLE 70 Key Information – BSH Hausgeräte GmbH
TABLE 71 key Information – Alfa Laval AB
TABLE 72 Key Information – Electrolux AB
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent Strategies and Developments: Carrier Global Corporation
FIG 6 Recent Strategies and Developments: Hitachi, Ltd.
FIG 7 Recent strategies and developments: Haier Smart Home Co., Ltd.
FIG 8 Recent Strategies and Developments: Mitsubishi Electric Corporation
FIG 9 SWOT Analysis: Mitsubishi Electric Corporation
FIG 10 Recent Strategies and Developments: Daikin Industries Ltd.
FIG 11 SWOT Analysis: Daikin Industries Ltd.
FIG 12 Recent Strategies and Developments: BSH Hausgeräte GmbH (Robert Bosch Group)