The US split air conditioning market is estimated to show modest growth at a CAGR of around 2% during the forecast period. The major driving factors rising the growth of the market include adverse climate change and high disposable income. In 2018, more than 80% of the household population has air conditioners installed in their house. Other factors which contribute to the growth of this market is the rising demand for a commercial building with benefits of packaged air conditioners, rising environmental concerns which demand energy efficient and green ACs. Rising the adoption of smart ACs are expected to create a new opportunity for the market.
The market is segmented on the basis of application and refrigerant type. By application, the market is further segmented into residential, commercial, industrial and others. By refrigerant type, the market is segmented into HCFC, HFC, HFO, and natural refrigerant. As per the Montreal Protocol, the country has to shift to HFO and natural refrigerant for their split AC, which will provide a significant market growth to these segments.
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The US Department of Energy’s (DOE) new compliance guidelines aimed to offer the largest energy-saving standard that is impacting the commercial heating and cooling industry. In 2015, the new standards were announced and enforced on January 1, 2018. These standards have changed the development process of commercial rooftop air conditioners, heat pumps and warm-air for low-rise buildings such as retail stores, educational facilities for and mid-level hospitals. New DOE HVAC standards will include the parameters sets for refrigerant use in the US that relate to HVAC certification. In 2017, due to dangerous carbon emissions industry use of hydrofluorocarbons was phased out. DOE HVAC standards also limit the use of the ability ozone-depleting the such as HCFCs, CFCs and now HFCs.
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US SPLIT AIR CONDITIONING Market Segmentation
By Application
· Residential
· Commercial
· Industrial
· Others (Healthcare)
By Refrigerant Type
· HCFCs (Hydrochlorofluorocarbons)
· HFC (Hydrofluorocarbon)
· HFO (Hydrofluro-Olefins)
· Natural Refrigerants
Company Profiles
· Daikin Industries Ltd.
· Gree Electric Appliances Inc.
· Johnson Controls International PLC
· Klimaire Products Inc.
· LG Electronics Inc.
· Pioneer International Pty. Ltd.
· The Whirlpool Corp.
· Trane Inc.
· United Technologies Corp.
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