Air Conditioning Market in the U.S. - Key Insights

IndexBox has just published a new report: 'U.S. Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (Commercial And Industrial) Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

The revenue of the market for air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) in the U.S. amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2015, when the market value increased by X% year-to-year. Over the period under review, the market for air conditioning, air heating equipment and refrigeration equipment attained its peak figure level in 2018, and is likely to see steady 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) stood at $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015, when the output figure increased by X% year-to-year. Production of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) peaked in 2018, and is expected to retain its growth in the immediate term.

Exports from the U.S.

In 2018, approx. X tons of air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) were exported from the U.S.; going down by -X% against the previous year. In general, exports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) continue to indicate a drastic reduction. In value terms, exports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) amounted to $X (IndexBox estimates) in 2018.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) from the U.S., with a X% share of total exports. Moreover, exports of air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was occupied by Kuwait (X tons), with a X% share.

From 2013 to 2018, the average annual growth rate of volume to Saudi Arabia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Kuwait (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for air-conditioning, air heating equipment and refrigeration equipment exports from the U.S., comprising X% of total exports of air conditioning, air heating equipment and refrigeration equipment (commercial and industrial). The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

Export Prices by Country

The average export price for air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) stood at $X per kg in 2018, jumping by X% against the previous year. Over the period under review, the export price for air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial), however, continues to indicate a slight setback. The growth pace was the most rapid in 2018, an increase of X% year-to-year. Over the period under review, the average export prices for air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) attained their peak figure at $X per kg in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was China ($X per kg), while the average price for exports to Pakistan ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Pakistan, while the export prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

In 2018, the amount of air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) imported into the U.S. totaled X tons, surging by X% against the previous year. In value terms, imports of air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) amounted to $X (IndexBox estimates) in 2018.

Imports by Country

In 2018, China (X tons) constituted the largest supplier of air conditioning, air heating equipment and refrigeration equipment to the U.S., accounting for a X% share of total imports. Moreover, imports of air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) from China exceeded the figures recorded by the second largest supplier, South Korea (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (+X% per year).

In value terms, China ($X) constituted the largest supplier of air-conditioning, air heating equipment and refrigeration equipment to the U.S., comprising X% of total imports of air conditioning, air heating equipment and refrigeration equipment (commercial and industrial). The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

Import Prices by Country

In 2018, the average import price for air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price for air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial), however, continues to indicate a mild drop. The growth pace was the most rapid in 2014, when the average import price increased by X% year-to-year. In that year, the average import prices for air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the average import prices for air conditioning, air heating equipment and refrigeration equipment (commercial and industrial) remained at a somewhat lower figure.

Import prices varied noticeably by the country of origin; the country with the highest import price was Japan ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by South Korea, while the import prices for the other major suppliers experienced mixed trend patterns.

Companies Mentioned in the Report

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

Source: IndexBox Market Intelligence Platform