August HVAC shipments up 11% year-over-year

Combined shipments of central ACs and heat pumps topped 975,000 in August

August HVAC shipments up 11% year-over-year

Image: Axios

AHRI last week released August shipment figures, showing increases across the board.

The big picture: While not perfect, shipments serve as a general proxy for the health of the replacement market. 

Details: Combined shipments of central ACs and heat pumps topped 975,000 in August, up 11% year-over-year.

  • Heat pump shipments alone grew over 20% compared to last August. 

  • Full breakdown

Of note: 6.7 million total air conditioners and heat pumps were shipped from January to August, a 4% jump from the same period last year. 

  • Why it matters: 2024 shipments are outpacing 2023, contrary to some early predictions, as we’ve covered before.

What’s next: AHRI will release September’s figures in the second week of November. 

 

Keep reading

Austin Helms on building a perpetual company and hitting $20 million along the way

Austin Helms on building a perpetual company and hitting $20 million along the way

Notes on growth, retaining talent, and building a perpetual company

“We’ve hit the turn”: Service Nation founder on replacements, tariffs, and AI

“We’ve hit the turn”: Service Nation founder on replacements, tariffs, and AI

A conversation with Matt Michel about the next decade of replacements, tariffs' silver lining, AI, and more

NearU Services founder on organic growth, M&A, and the technology dilemma

NearU Services founder on organic growth, M&A, and the technology dilemma

A conversation about organic performance, the 'why' behind M&A, technology's 'shiny object' dilemma, and more