Strong Recovery in New Residential Construction Coupled with Replacement Demand to Drive US Central AC Systems Shipments to Reach 19.2 Million Units by 2022
Industry Experts released the 2017 version of its United States market report on Central Air Conditioning entitled ‘ Central Air Conditioning Systems – A US Market Overview ’. The new report also discussed the energy efficiency standards and key markets trends of the US CAC market alongside the market estimates and forecasts. Shipments of unitary central air conditioning or direct expansion (DX) central air conditioning systems showed a promising growth during past few years, with a CAGR of nearly 7% during 2012 to 2016 period. Further, this segment is estimated to grow with a projected CAGR of 6.7% between 2017 and 2021, mainly attributed to the anticipated growth in the new residential construction activity and strong growth in demand for replacements. On the other side, shipments of the central plant air conditioning systems have performed poorly and expected to show moderate growth during the analysis period. The slowdown in new non-residential construction is blamed for restric...