U.S. Air-Conditioning, Air Heating Equipment And Refrigeration Equipment (Commercial And Industrial) Market. Analysis And Forecast to 2025
Aair Conditioning Market - U.S. Imports of Commercial and Industrial Air-Conditioning, Air Heating, and Refrigeration Equipment Have Softened Their Growth, while Mexico Became the Leading Supplier
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The U.S. is the leader in imports on the global air conditioning market, accounting for a 15% share (based on USD). It was followed by Germany (7%) and China (7%). In 2015, U.S. imports of air-conditioning, air heating, and refrigeration equipment totaled 15,435 million USD, which was 204 million USD (1%) higher than the year before.
From 2007 to 2015, U.S. imports showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next six years, with a deceleration in 2015. There was an annual increase of +11.7% throughout the period, since imports started an upward trend.
In 2011, U.S. imports of commercial and industrial air-conditioning, air heating, and refrigeration equipment surpassed the pre-recession level of 2007.
With imports growing rapidly in the recent years, the U.S. continues to be one of the biggest markets for global exporters.
Mexico, China, and Japan were the main suppliers of commercial and industrial air-conditioning, air heating, and refrigeration equipment into the U.S., with a combined share of 69% of total U.S. imports in 2015. Mexico was the fastest growing supplier (+8.6% per year) from 2007 to 2015, while imports from China and Japan grew by +5.8% per year and +4.1% per year, respectively. Mexico significantly strengthened its position in the U.S. import structure, from 28% in 2007 to 36% in 2015. The shares of other major supplying countries remained relatively stable over the same period.
From 2007 to 2015, the U.S. was a net importer of commercial and industrial air-conditioning, air heating, and refrigeration equipment. Moreover, imports grew at a faster average rate than exports over the period under review.
After several fluctuations, U.S. trade deficit in this sector worsened over the period under review, growing from 2,349 million USD in 2007 to 5,517 million USD in 2015. The negative trend accelerated sharply in 2014, following rising imports.
Do you want to know more about the U.S. air conditioning market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- air conditioning market share
- air conditioning prices
- air conditioning industry
- air conditioning sales
- air conditioning market forecast
- air conditioning price forecast
- key air conditioning producers
Source: IndexBox AI Platform
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