Features

Heating and cooling equipment shipments improved in January: AHRI

Written by David Schollaert

March 8, 2024

Domestic shipments of heating and cooling equipment were up marginally in January, according to the latest data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).

Shipments were up 0.2% month on month (m/m) but down 10% year on year (y/y) to 1481,125 units in January. On a 12-month moving average (12MMA) basis, shipments were down 0.8% to 1,744,138 units vs. 1,758,400 units the prior month.

The chart below shows the annual rate of change in total heating and cooling shipments on a three-month moving average (3MMA) basis. It shows January shipments as being down 9%.

January shipments of residential and commercial storage water heaters fell 3% m/m to a combined 783,035 units. Shipments decreased 0.1% y/y from 784,174 units.

Shipments of central air conditioners and air-source heat pumps were down 14% m/m and 21% y/y to 479,374 units. A total of 248,035 AC units and 231,339 heat pump units were shipped in January.           

The year-to-date combined total of all products through November stood at 45,774,147 units, up 84% from a year earlier.

The full press release of this data is available on the AHRI website.

An interactive history of heating and cooling equipment shipment data is available on our website. If you need assistance logging in to or navigating the website, please contact us at info@steelmarketupdate.com.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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