Demand For Air Conditioners In The United States (In Billions $)_image
Business Toolkit

Demand For Air Conditioners In The United States (In Billions $)

Read time

1 Minutes

Last updated

February 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.

Share

More Stories from the Field

The industry’s moving fast. Catch up on what bold contractors are doing to stay ahead.

crm-for-plumbers_image
Business Toolkit

CRM for Plumbers: Benefits, Features & Best Tools

hvac-crm-software_image
Business Toolkit

HVAC CRM Software: Boost Efficiency and Grow Your Business

mechanical-contractor-project-management-software_image
Business Toolkit

8 Best Mechanical Contractor Project Management Software