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Report U.S. Air-Conditioning, Air Heating Equipment and Refrigeration Equipment (Commercial and Industrial) Market. Analysis and Forecast to 2030 for 499$
Report Update Nov 1, 2024

U.S. Air-Conditioning, Air Heating Equipment and Refrigeration Equipment (Commercial and Industrial) Market. Analysis and Forecast to 2030

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U.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) skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption posted a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

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) fell modestly to $X in 2022. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (commercial And Industrial)

Exports from the U.S.

In 2022, overseas shipments of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) surged to $X in 2022. In general, exports showed a slight increase. As a result, the exports reached the peak and are likely to continue 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 accounting for X% of total exports. China, the United Arab Emirates, the UK and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, 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), together accounting for X% of total exports.

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of 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 2022, approximately mirroring the previous year. In general, the export price, however, saw a precipitous descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (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 2022, purchases abroad of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) surged to $X in 2022. Overall, total imports indicated a strong increase from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Mexico (X units), China (X units) and Thailand (X units) were the main suppliers of imports of air-conditioning, air heating equipment and refrigeration equipment (commercial and industrial) to the United States, together comprising X% of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest air-conditioning, air heating equipment and refrigeration equipment suppliers to the United States were Mexico ($X), China ($X) and Thailand ($X), together accounting for X% of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 2022, waning by X% against the previous year. Overall, the import price continues to indicate a sharp slump. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, 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

Frequently Asked Questions (FAQ) :

In value terms, Mexico, China and Thailand constituted the largest air-conditioning, air heating equipment and refrigeration equipment suppliers to the United States, with a combined 73% share of total imports.
In value terms, Canada, Mexico and Singapore appeared to be the largest markets for air-conditioning, air heating equipment and refrigeration equipment exported from the United States worldwide, with a combined 67% share of total exports.
The average export price for air-conditioning, air heating equipment and refrigeration equipment commercial and industrial) stood at $877 per unit in 2021, shrinking by -10.2% against the previous year.
In 2021, the average import price for air-conditioning, air heating equipment and refrigeration equipment commercial and industrial) amounted to $92 per unit, picking up by 11% against the previous year.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
Free Data: Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (Commercial And Industrial) - United States
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Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (Commercial And Industrial) - United States - Table
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Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (Commercial And Industrial) - United States - Dashboard
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Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (Commercial And Industrial) - United States - Report