North America Air Conditioning Systems Market Size, Share, Growth Analysis, By Type(Unitary, Rooftop, PTAC), By Technology(Inverter, Non-Inverter), By End-Use(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

North America Air Conditioning Systems Market size was valued at USD 24.5 Billion in 2022 and is poised to grow from USD 25.97 Billion in 2023 to USD 41.39 Billion by 2031, at a CAGR of 6% during the forecast period (2024-2031).

In a region where climate control is crucial, the competitive landscape of the North American air conditioning systems market is defined by the presence of both well-established manufacturers and up-and-coming companies. Due to their wide range of products and well-known brands, top firms including Carrier Corporation, Trane Technologies, and Lennox International Inc. continue to have a significant market presence. These industry titans frequently place a strong emphasis on innovation, providing intelligent and energy-efficient air conditioning systems to meet changing consumer tastes. 'Samsung Electronics Co., Ltd. (Seoul, South Korea)', 'Carrier Corporation (Florida, USA)', 'Amana (Iowa, USA)', 'Trane Technologies (Ireland)', 'Gree Electric Appliances Inc. of Zhuhai (Guangdong, China)', 'York (Wisconsin, USA)', 'Midea Group (Guangdong, China)', 'Lennox International Inc. (Texas, USA)', 'Panasonic Corporation (Osaka, Japan)', 'Daikin Industries, Ltd. (Osaka, Japan)', 'Mitsubishi Electric Corporation (Tokyo, Japan)', 'Ruud (Georgia, USA)', 'Johnson Controls International plc (Ireland)', 'Rheem Manufacturing Company (Georgia, USA)', 'Haier Group Corporation (Qingdao, China)', 'Fujitsu General Ltd. (Tokyo, Japan)', 'American Standard (Tennessee, USA)', 'Friedrich Air Conditioning Co. (Texas, USA)', 'LG Electronics Inc. (Seoul, South Korea)', 'Senville (Quebec, Canada)'

The need for air conditioning systems is being driven by rising temperatures and the consequences of climate change, particularly in areas susceptible to heatwaves. As a result of the intense heat, consumers look for respite.

Smart and Connected AC Systems: A developing trend is the merging of IoT connections with smart technology. Remote control devices and smart thermostats improve ease of use and energy management.

In terms of market share and overall economic activity, the United States dominates the North American air conditioning systems market. The building industry is booming in the United States, and both residential and commercial construction is constantly increasing. Since newly constructed buildings frequently need effective cooling solutions, the nation's thriving construction industry is a key market driver for air conditioning systems. Furthermore, the U.S. has a high rate of air conditioning system adoption, with the majority of homes having AC units. The U.S. continues to have a high demand for energy-efficient and cutting-edge air conditioning systems, which is fueling market expansion. In this fiercely competitive industry, both well-established companies and cutting-edge startups compete for market share.