Record Temperatures Drive Surge In Air Conditioning Demand Americans respond to soaring summer heat by boosting AC purchases amid climate change concernsThe summer of 2023 will not be forgotten soon, particularly in the United States, where sweltering temperatures have spurred an unprecedented boom in the air conditioning market. As cities experienced record-breaking heatwaves, consumers responded by rushing to purchase air conditioning units, fans, and various cooling products. Not only is demand rising for air conditioning units, but the HVAC industry is also contending with an aging infrastructure. Many air conditioning systems, particularly those sold during the recovery following the 2008 financial crisis, are beginning to show their age after around 15 years of service. Despite these challenges, businesses involved in air conditioning are seeing other opportunities for expansion as consumer interest shifts towards energy-efficient options.

Source: Washington Post August 02, 2024 01:25 UTC