HVAC and Construction Industry North America Air Conditioner Market Share, 2020
Hexa Research
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North America Air Conditioner Market Share, Size, Analysis,
Growth, Trends and Forecasts, 2012 to 2020 | Hexa Research
North America air conditioner market size is expected to be valued at USD 52,560.7
million by 2020, as per a new research report by HexaResearch. Increasing usage of
energy efficient air conditioners owing to declining energy consumption rate is expected
to drive demand. Stringent government regulations in practice for decreasing energy
consumption may play a key role in industry development. The increasing gap between
energy supply and demand is compelling the government to take rigorous initiatives for
the adoption of rated electrical appliances.
Split air conditioners dominated the North America air conditioning systems market ,
with revenue of USD 19,684.6 million in 2014. Airside air conditioning system was the
second largest product segment, valued at USD 4,739.8 million in 2014. It is expected
to grow at a CAGR of over 7.5% from 2014 to 2020. Flexibility and enhanced comfort
level are factors likely to promote its demand.
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