US Central Air Conditioning (CAC) Systems Market is Projected to Grow at a CAGR of 6%, and Expected to Reach $27.6 billion by 2030
The new report from Industry Experts, Inc., on " US Central Air Conditioning (CAC) Systems Market ", reveals that the U.S. unit shipments of CAC systems are projected to grow from 7.8 million units in 2024 to 11 million units by 2030, registering a compound annual growth rate (CAGR) of 6% during this period. The shipment value is expected to increase at a CAGR of 7.2%, reaching $27.6 billion by 2030. The U.S. Central Air Conditioning (CAC) Systems manufacturing industry demonstrated remarkable resilience during the COVID-19 pandemic in 2020, achieving an 8.4% year-over-year growth in production to reach 7.8 million units. Demand for CAC systems continued to climb in 2021 and 2022, driven by the recovery of both residential and commercial construction and government-led renovation initiatives. The sharp rise in interest rates, beginning in mid-2022, dampened housing demand, reducing the need for CAC systems. In 2023, the demand softened due to economic uncertaint...