North American split air conditioning market is forecast to grow at a modest growth rate at a CAGR of 2% during the forecast period. Major factors augmenting the market is the high rate of urbanization, the high adoption rate of AC, and high disposable income. Rise in the demand of commercial split AC market, and inverter AC are also some of the major drivers for the growth of the market in the region. Cohesive government regulations will augment the demand for eco-friendly refrigerant which is providing a significant opportunity to the market. 

The market is segmented on the basis of application, type, and refrigerant type. By application, the market is segmented into residential, commercial, industrial and others. During the forecast period, residential is expected to have a major market share. By refrigerant type, the market is divided into HCFC, HFC, HFO, and natural refrigerant. HFO and Natural refrigerant will show a significant growth rate during the forecast period in the region. 

On the basis of geography, the market is segmented into the US and Canada. During the forecast period, the US is expected to have a major market share with a significant growth rate. High population base in the region, high per capita expenditure is among the major factor augmenting the market in the region. Cohesive government regulations and environmental protection policies are the major factors driving the Canadian market. These regulations and policies are designed to curb the emission of harmful gases that affect the ozone layer and the environment. The Montreal Protocol on substances that deplete the ozone layer successfully phased out ODS led to a shift towards the HFCs. 

The companies which are contributing significantly in the market include Daikin Industries Ltd., Klimaire Products Inc., LG Electronics Inc., Pioneer International Pty. Ltd., Trane Inc., United Technologies Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for AC manufacturers, AC component manufacturers, automobile companies, chemical companies, government organizations, venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American Air Conditioning Market Research and Analysis by Application 
2. North American Air Conditioning Market Research and Analysis by Refrigerant Type

The Report Covers

• Comprehensive research methodology of the North American Air Conditioning market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American Air Conditioning market.
• Insights about market determinants which are stimulating the North American Air Conditioning market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.