From 2013 to 2023, the sales of unitary air conditioners in the US experienced a general upward trend despite some fluctuations. In 2023, the sales value stood at \$7.6967 billion. Over the last two years, we saw a year-on-year increase of 1.03% in 2022 and 1% in 2023. The 5-year CAGR from 2018 to 2023 was 1.06%, reflecting a slow but steady growth in the market.
From 2024 onwards, the forecasted data indicates continued growth with the sales value expected to reach \$8.0932 billion by 2028, suggesting a 5-year CAGR of 0.79%. The overall forecasted 5-year growth rate is 4.03%.
Future trends to watch for include:
- Technological advancements leading to more energy-efficient models
- Shifts in consumer preferences towards eco-friendly solutions
- Regulatory changes impacting manufacturing and sales
- Economic factors influencing disposable incomes and investment in home infrastructure