North American air conditioning market is forecast to grow at a CAGR of 3.1% during the forecast period. Major factors augmenting the market is high urbanization, high adoption of AC in the US, high disposable income are among the major factors driving the market. Another major driving factor in the substantial growth of the AC market in the region includes a rise in the increasing uses of commercial AC, the rise in the demand of inverter AC and cohesive regulation from the US government for the commercial AC industry.
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On the basis of geography, the market is segmented into the US and Canada. During the forecast period, the US is expected to hold a major market share with a significant growth rate. High population base in the region, high per capita expenditure is among the major factor augmenting the market in the region. Canada market is governed by strict government regulations and environmental protection policies. These regulations and policies are designed to curb the emission of harmful gases that affect the ozone layer and the environment. The Montreal Protocol on substances that deplete the ozone layer successfully phased out ODS led to a shift towards the HFCs.
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NORTH AMERICAN Air Conditioning Market Segmentation
• Indoor Packaged
By Refrigerant Type
• Natural Refrigerant
• United States
• American Standard Inc.
• Goodman Manufacturing Co.
• Honeywell International Inc.
• Johnson Controls International PLC
• Lennox International Inc.
• Maytag Corp.
• Nortek, Inc.
• Rheem Manufacturing Co.
• The Whirlpool Corp.
• Trane Inc.
• United Technologies Corp.
• Visteon Corp.
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