In 2023, the US imported air conditioner parts amounting to 364 million kilograms. The forecast for 2024 is an increase to 377.22 million kilograms, representing a year-on-year growth of approximately 3.63%. This upward trend continues with imports expected to grow by 3.55% in 2025, 3.37% in 2026, 3.19% in 2027, and 3.04% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be 3.35%.
Future trends to watch for include:
- Technological advancements and regulatory changes that may impact air conditioning components and demand.
- Supply chain developments and potential disruptions or improvements.
- Environmental policies influencing sustainable and energy-efficient innovations in the sector.