U.S. commercial air conditioning systems market was valued at USD 7,251.7 million in 2012 and is expected to see growth at 5.2% CAGR during 2013 to 2019 period. With developments in technology and growing demand across the globe, the air conditioning systems market is predicted to experience healthy growth in the coming years. The growth of the U.S. commercial air conditioning systems market is supported by stringent government regulations and development of cost effective and energy efficient products.
 
There are several types of air-conditioning system installed in commercial buildings ranging from split systems, individual systems, water-cooled packaged systems, variable refrigerant flow (VRF) systems, and centralized chilled water systems, among others. In 2012, by product type, the U.S. commercial air conditioning systems market was dominated by split systems due to rising usage of non-ducted systems owing to their flexibility and ease of installation. Due to improved controllability and higher efficiency, VRF systems are gaining popularity in air conditioning systems market. VRF systems provide customizable temperature comfort control for private, public and industrial applications for indoor environments. Commercial air conditioning systems market is significantly affected by developments in the construction industry, with most of the income generated from HVAC (heating, ventilation and air-conditioning) installations in newly constructed buildings. 
 
Countries in Asia-Pacific namely China and Japan have highly saturated HVAC market in terms of VRF technology. U.S. VRF air conditioning market, despite its low acceptance in initial years, is expected to see steady growth. Predominant installation of ducted HVAC systems in the country had made the VRF systems transition slow, and only new constructions are preferring installation of VRF HVAC systems. However, recovery in construction and standardization of VRF technology by American bodies has eased the adoption of VRF technology by commercial sector. 
 
Driven the growth potential, HVAC manufacturers and distributors are now focusing on VRF air conditioning systems and their applications that are entering the U.S. market. Some of the key players in this industry include United Technologies Corporation – Climate, Controls and Security Unit (Carrier), Haier Inc., Samsung Electronics, Mitsubishi Electric Corporation, Daikin Industries Ltd., Fujitsu General Pty. Ltd. AB Electrolux, and LG Corporation among others. Of these, Mitsubishi Electric Corporation, Fujitsu and Carrier Corporation, are among leading players in VRF commercial air conditioning systems market in U.S.

Standardization of VRF Technology to Unlock New Revenue Streams in U.S. Commercial Air Conditioning Systems Market

Commercial air conditioning systems are key to commercial properties, and the installations are proliferating world over. Particularly in the U.S., the demand for variable refrigerant flow (VRF) systems is one of the major product types likely to gather steam. The proliferating demand for VRF systems in the U.S. for medium to large applications is a key trend in the commercial air conditioning systems. In other parts of the world, notably in Asia Pacific, the market for VRF has largely matured or will soon hit the maturation stage. Hence, manufacturers and vendors are actively looking for new revenues streams in the U.S. Various small-to-medium establishments hotels, offices, mixed-use commerce buildings, and retail spaces are seeing rapidly increasing demand for VRF, expanding the revenue potential of various players in the commercial air conditioning systems market. Several product characteristics underpin the popularity of VRF as commercial air conditioning systems. The ease of installation, that of control and maintenance, and the ease of use are key factors fueling adoption.

The COVID-19 pandemic has considerably challenged the equilibrium of several businesses across industries, including in the U.S. The health pandemic has also led to vast economic upheavals in the recent months. Consumer demands fell dramatically in some industries, shaking the bottom-line of many businesses in a span of just few months. Nevertheless, players in the regional market are keen on adopting new customer reach strategies and integrating automation in large part of operational processes. These efforts are being supported by respective regional governments. This has opened new opportunities in the U.S. commercial air conditioning systems market. Manufacturers and vendors are also to see new avenues on the back of energy-efficient systems. Focus of manufacturers and other market players on brining standardization in VRF technologies will unlock vast lucrative avenues. More prominently, the sustainability aspect will spur product innovation in the not-so-distant future in the U.S. market.

The commercial air conditioning market worldwide has witnessed considerable growth over the past two years. After going through a phase of sluggish growth during recession and in early years post recession, the industry has entered a new phase of growth. One major reason which contributes to its growth is revival in construction activities and enhanced focus on energy efficiency technologies and products. In addition, shirt in focus on VRF (Variable Refrigerant Flow) technology and its quick adoption by both consumers and suppliers - manufacturers in the region is helping the air conditioning market to predict positive growth trends during the forecast period. The trend has been similar in United States too, which accounts for a large share of global air conditioning market. However, its late adoption of VRF systems has created a new market for existing players, which have been quick to adapt to the change in demand for energy efficient systems and development of VRF as an alternate solution.
 
This report provides strategic analysis of the U.S. air conditioning market, and forecasts its growth for the period 2013 - 2019. The scope of the report includes in detail cross sectional scrutiny and competitive analysis of the market across different public, private and industrial applications.
 
The market share analysis of the leading players of U.S. VRF air conditioning market mentioned in the report exemplifies the scrupulous understanding of their market shares. The report includes a detailed analysis of the prevalent market situation, company profiles and industry trends for VRF Commercial air conditioning. The report identifies factors driving and restraining growth, and future business opportunities in the VRF commercial air conditioning market. Further, the report analyzes and provides the growth forecasts of the U.S. VRF commercial air conditioning market in terms of revenue and volume by application, and components. The segmentation has been done to provide strategic insight for each category, enabling stakeholders across the value chain to gain considerable business intelligence. The application segment includes the forecast and comprehensive analysis of public, private and industrial application of U.S. VRF commercial air conditioning market. This market by component includes in-depth analysis and forecast of VRF indoor units and VRF outdoor units. The detailed value chain analysis and porter’s five forces analysis helps the market competitors to formulate their business strategies at every stage of their business. Moreover, the market estimates have been analyzed by keeping in mind the several factors which affect the market including but not limited to technological, economical, social, legal and environmental.
 
This report includes company profiles of the key market players along with their business strategies, financial overview and addresses recent developments. Some of the major companies that are included in this report are United Technologies Corporation - Climate, Controls and Security Unit (Carrier), Daikin Industries Ltd., Haier Inc., Samsung Electronics, Panasonic Corporation, Lennox International Inc., AB Electrolux, and LG Corporation among others.
 
U.S. Commercial Air Conditioning Market Segmentation:
 
U.S. Commercial Air Conditioning Systems Market, by Product
  • Split Systems
    • Ducted
    • Non-ducted
  • Single packaged systems
  • Window systems
  • Portable systems
  • Others
U.S. Commercial Air Conditioning Systems Market, By Applications
  • Private
  • Public
  • Industrial
U.S. Commercial Air Conditioning Systems Market, By Refrigeration Technology
  • VRF (variable refrigerant flow)
    • By application
      • Private
      • Public
      • Industrial
    • By Components
      • Indoor units
      • Outdoor units
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Chapter 1 Preface
1.1 Report description and scope
      1.1.1 Market segmentation
1.2 Research methodology
 
Chapter 2 Executive Summary
2.1 U.S. commercial air conditioning systems market snapshot, 2012 & 2019
2.2 U.S. commercial air conditioning systems market size and forecast, 2011 – 2019 (USD million and Million units)
 
Chapter 3 U.S. Commercial Air Conditioning Systems Market Overview
3.1 Introduction
3.2 Market dynamics
      3.2.1 Drivers
      3.2.2 Drivers: Impact analysis
              3.2.2.1 Changing North American landscape for VRF air conditioning systems
              3.2.2.2 Energy efficiency and cost reduction
              3.2.2.3 Stringent government regulations
              3.2.2.4 Climate variations (shift from historical records)
      3.2.3 Restraints
      3.2.4 Restraints: Impact analysis
              3.2.4.1 Low awareness and installation complexity
     3.2.5 Opportunities
              3.2.5.1 Development of energy efficient systems with green refrigerants
              3.2.5.2 New opportunities for VRF systems
3.3 Trends and future outlook
3.4 Value chain analysis
3.5 Porter’s five forces analysis
      3.5.1 Bargaining power of suppliers
      3.5.2 Bargaining power of buyers
      3.5.3 Threat of new entrants
      3.5.4 Threat of substitutes
      3.5.5 Degree of competition
3.6 Competitive analysis
      3.6.1 Summary
      3.6.2 Market share of key players in VRF commercial air conditioning, 2012 (Revenue – USD million and Revenue share – %)
 
Chapter 4 U.S. Commercial Air Conditioning Systems Market Analysis, by Product
4.1 U.S. commercial air conditioning systems market overview, by product, 2012 & 2019 (%)
4.2 Split systems market size and forecast, 2011 – 2019 (USD million and Million units)
      4.2.1 Ducted split systems market size and forecast, 2011 – 2019 (USD million and   Million units)
      4.2.2 Non-ducted split systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.3 Single packaged systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.4 Window systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.5 Portable systems market size and forecast, 2011 – 2019 (USD million and Million units)
4.6 Other systems market size and forecast, 2011 – 2019 (USD million and Million units)
 
Chapter 5 U.S. Commercial Air Conditioning Systems Market Analysis, by Refrigeration Technology
5.1 U.S. commercial air conditioning systems market overview, by refrigeration technology, 2012 and 2019 (%)
5.2 U.S. VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (USD million and Million units)
5.3 U.S. other commercial air conditioning systems market size and forecast, 2011 – 2019 (USD million and Million units)
 
Chapter 6 U.S. Commercial Air Conditioning Systems Market Analysis, by Application
6.1 U.S. commercial air conditioning systems market overview, by application, 2012 & 2019 (%)
6.2 U.S. private commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
6.3 U.S. public commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
6.4 U.S. industrial commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
 
Chapter 7 U.S. VRF Commercial Air Conditioning Systems Market Analysis, by Application
7.1 U.S. VRF commercial air conditioning systems market overview, by application, 2012 & 2019 (%)
7.2 U.S. private VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
7.3 U.S. public VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
7.4 U.S. industrial VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
 
Chapter 8 U.S. VRF Commercial Air Conditioning Systems Market Analysis, by Components
8.1 U.S. VRF commercial air conditioning systems market overview, by components, 2012 & 2019 (%)
8.2 U.S. VRF indoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
8.3 U.S. VRF outdoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
 
Chapter 9 Competitive Landscape
9.1 Competitive strategies by key players
9.2 Market share of key air conditioning systems vendors, 2013 (Revenue – USD billion and Revenue share – %)
 
Chapter 10 Company Profiles
10.1 Diakin Industries Ltd.
       10.1.1 Company overview
       10.1.2 Financial overview
       10.1.3 Business strategy
       10.1.4 SWOT Analysis.
       10.1.5 Recent developments
10.2 Fujitsu General Limited.
       10.2.1 Company overview
       10.2.2 Financial overview
       10.2.3 Business strategy
       10.2.4 SWOT Analysis.
       10.2.5 Recent developments
10.3 Mitsubishi Electric Corporation
       10.3.1 Company overview
       10.3.2 Financial overview
       10.3.3 Business strategy
       10.3.4 SWOT Analysis
       10.3.5 Recent developments
10.4 Toshiba Corporation
       10.4.1 Company overview
       10.4.2 Financial overview
       10.4.3 Business strategy
       10.4.4 SWOT analysis
       10.4.5 Recent developments
10.5 United Technologies Corp. (Carrier Corporation)
       10.5.1 Company overview
       10.5.2 Financial overview
       10.5.3 Business strategy
       10.5.4 SWOT Analysis.
       10.5.5 Recent developments
10.6 Samsung Electronics Co., Ltd.
       10.6.1 Company overview
       10.6.2 Financial overview
       10.6.3 Business strategy
       10.6.4 SWOT analysis
       10.6.5 Recent Developments
10.7 Haier Electronics Group Co. Ltd.
       10.7.1 Company overview
       10.7.2 Financial overview
       10.7.3 Business strategy
       10.7.4 SWOT analysis
       10.7.5 Recent developments
10.8 Lennox International Inc.
       10.8.1 Company overview
       10.8.2 Financial overview
       10.8.3 Business strategy
       10.8.4 SWOT analysis
       10.8.5 Recent developments
10.9 LG Electronics
       10.9.1 Company overview
       10.9.2 Financial overview
       10.9.3 Business strategy
       10.9.4 SWOT analysis
       10.9.5 Recent developments
10.10 AB Electrolux
       10.10.1 Company overview
       10.10.2 Financial overview
       10.10.3 Business strategy
       10.10.4 SWOT analysis
       10.10.5 Recent developments
10.11 Panasonic Corporation
       10.11.1 Company overview
       10.11.2 Financial overview
       10.11.3 Business strategy
       10.11.4 SWOT analysis
       10.11.5 Recent developments
10.12 Ingersoll-Rand Plc.
       10.12.1 Company overview
       10.12.2 Financial overview
       10.12.3 Business strategy
       10.12.4 SWOT analysis
       10.12.5 Recent developments
10.13 Hitachi Ltd.
       10.13.1 Company overview
       10.13.2 Financial overview
       10.13.3 Business strategy
       10.13.4 SWOT analysis
       10.13.5 Recent developments
List of Tables
 
TABLE 1 Commercial air conditioning market segmentation
TABLE 2 U.S. commercial air conditioning market snapshot, 2012 & 2019
TABLE 3 Impact analysis of drivers
TABLE 4 Impact analysis of restraints
TABLE 5 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (volume – Million units) 
TABLE 6 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (revenue – USD million) 
TABLE 7 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (volume – Million units) 
TABLE 8 U.S. VRF indoor units commercial air conditioning systems market size and forecast, by application, 2011 – 2019 (revenue – USD million) 
List of Figures
 
FIG. 1 U.S. commercial air conditioning market size and forecast, 2011 – 2019 (USD million and Million units)
FIG. 2 Value chain analysis
FIG. 3 Porter’s five forces analysis
FIG. 4 Market share of key players in VRF commercial air conditioning, 2012 (Revenue – USD million and Revenue share – %)
FIG. 5 U.S. commercial air conditioning systems market overview, by product, 2012 & 2019 (volume – %)
FIG. 6 U.S. commercial air conditioning systems market overview, by product, 2012 & 2019 (revenue – %)
FIG. 7 Split systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 8 Ducted split systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 9 Non-ducted split systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 10 Single packaged systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 11 Window systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 12 Portable systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 13 Other systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 14 U.S. commercial air conditioning systems market overview, by refrigeration technology, 2012 & 2019 (volume – %)
FIG. 15 U.S. commercial air conditioning systems market overview, by refrigeration technology, 2012 & 2019 (revenue – %)
FIG. 16 U.S. VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 17 U.S. others commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 18 U.S. commercial air conditioning systems market overview, by application, 2012 & 2019 (volume %)
FIG. 19 U.S. commercial air conditioning systems market overview, by application, 2012 & 2019 (revenue %)
FIG. 20 U.S. private commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 21 U.S. public commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 22 U.S. industrial commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 23 U.S. VRF commercial air conditioning systems market overview, by application, 2012 & 2019 (volume %)
FIG. 24 U.S. VRF commercial air conditioning systems market overview, by application, 2012 & 2019 (revenue %)
FIG. 25 U.S. private VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 26 U.S. public VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 27 U.S. industrial VRF commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 28 U.S. VRF Commercial air conditioning systems market overview, by components, 2012 & 2019 (volume %)
FIG. 29 U.S. VRF commercial air conditioning systems market overview, by components, 2012 & 2019 (revenue %)
FIG. 30 U.S. VRF indoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 31 U.S. VRF outdoor units commercial air conditioning systems market size and forecast, 2011 – 2019 (revenue – USD million and volume – Million units)
FIG. 32 Market share of key air conditioning systems vendors, 2013 (Revenue – USD billion and Revenue share – %)
FIG. 33 Daikin Industries Ltd. annual revenues, 2010 – 2012, (USD million)
FIG. 34 Fujitsu General Limited annual revenues, 2010 – 2012, (USD million)
FIG. 35 Mitsubishi Electric Corporation annual revenues, 2010 – 2012, (USD million)
FIG. 36 Toshiba Corporation annual revenues, 2010 – 2012, (USD billion)
FIG. 37 United Technologies Corp. annual revenues, 2010 – 2012, (USD billion)
FIG. 38 Samsung Electronics Co., Ltd., annual revenues, 2010 – 2012, (USD billion)
FIG. 39 Haier Electronics Group Co. Ltd., annual revenues, 2010 – 2012, (USD million)
FIG. 40 Lennox International Inc., annual revenues, 2010 – 2012, (USD million)
FIG. 41 LG Electronics, annual revenues, 2010 – 2012, (USD billion)
FIG. 42 AB Electrolux, annual revenues, 2010 – 2012, (USD million)
FIG. 43 Panasonic Corporation, annual revenues, 2010 – 2012, (USD million)
FIG. 44 Ingersoll-Rand Plc. annual revenues 2010 – 2012 (USD million)
FIG. 45 Hitachi Ltd. annual revenues 2010 – 2012 (USD million)

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Commercial Air Conditioning Systems Market