U.S. Air-Conditioning, Air Heating Equipment and Refrigeration Equipment (Commercial and Industrial) Market. Analysis and Forecast to 2030
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingU.S.: Market for Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (commercial And Industrial) 2024
Market Size for Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (commercial And Industrial) in the U.S.
The U.S. market for air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) expanded slightly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded significant growth. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.
Production of Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (commercial And Industrial) in the U.S.
In value terms, production of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) dropped modestly to $X in 2023. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. Production of peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.
Exports of Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (commercial And Industrial)
Exports from the U.S.
After three years of growth, overseas shipments of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) decreased by X% to X units in 2023. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2022, and then declined in the following year.
In value terms, exports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) totaled $X in 2023. In general, exports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2023 and are expected to retain growth in the immediate term.
Exports by Country
Canada (X units), Mexico (X units) and Germany (X units) were the main destinations of exports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) from the United States, together comprising X% of total exports. The UK, China and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for air-conditioning, air heating equipment and refrigeration equipment exported from the United States were Canada ($X), Mexico ($X) and the UK ($X), with a combined X% share of total exports.
In terms of the main countries of destination, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average export price for air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, showed a precipitous curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.
Imports of Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (commercial And Industrial)
Imports into the U.S.
In 2023, overseas purchases of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports of attained the maximum in 2023 and are expected to retain growth in the near future.
In value terms, imports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) reached $X in 2023. In general, imports posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to continue growth in the near future.
Imports by Country
In 2023, Mexico (X units) constituted the largest supplier of air-conditioning, air heating equipment and refrigeration equipment to the United States, with a X% share of total imports. Moreover, imports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Thailand (X units) ranked third in terms of total imports with a X% share.
From 2013 to 2023, the average annual growth rate of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).
In value terms, Mexico ($X) constituted the largest supplier of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) to the United States, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).
Import Prices by Country
The average import price for air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the import price showed a precipitous contraction. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for air-conditioning, air heating equipment and refrigeration equipment in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333415 - Air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing
Companies mentioned:
- United Technologies Corporation
- Ingersoll-Rand US Trane Holdings Corporation
- SPX Corporation
- Emerson Climate Technologies
- Goodman Manufacturing Company
- Lennox International
- Carrier Corporation
- Rheem Manufacturing Company
- Hussmann International
- Modine Manufacturing Company
- Tecumseh Products Company
- Standex International Corporation
- Amsted Industries Incorporated
- Nortek Global Hvac
- York International Corporation
- Nortek
- Evapco
- SPX Cooling Technologies
- Air System Components
- Lennox Industries
- Connell Limited Partnership
- Nortek Air Solutions
- Air Distribution Technologies
- Trane
- Goodman Global Holdings
- Pi. US Holding
- Thermo King Corporation
- Goodman Global
- Trane U.S.
- The Trane Company
- Chill Holdings
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Price for Air-Conditioning, Air Heating Equipment and Refrigeration Equipment the United States
- Production Air-Conditioning, Air Heating Equipment and Refrigeration Equipment the United States
- Window Market
- Air Conditioning Machine Market
- Motor Vehicle Air Conditioning Machine Market
- Refrigerator or Freezer Market
- Heat Exchange Unit Market
- Air Liquefyer Market
- Calendering Machine Market
- Calendering Cylinder Market