Demand For Air Conditioners In The United States (In Billions $)
Feb. 15, 2023
This statistic was sourced from the US Energy Information Administration (EIA).
The data shows that the demand for air conditioners in the United States experienced steady growth over the past 10 years. From 2010 to 2020, the number of shipments of residential air conditioners increased by 39 percent, while the number of shipments of commercial air conditioners increased by 30 percent. This growth has been accompanied by a steady increase in revenue, which grew from 9.3 billion US dollars in 2010 to 24.7 billion US dollars in 2020. This represents an increase of 165 percent over the 10-year period. The average annual growth rate for revenue was 13.7 percent, indicating that the market has been growing at a consistent rate. The data suggests that the demand for air conditioners in the US is likely to continue growing in the coming years.