Steel Markets
June Heating and Cooling Equipment Shipments Reach Record Levels
Written by Brett Linton
August 13, 2021
U.S. heating and cooling equipment shipments continued to increase through June, up 6.4% from the month prior to 2.32 million units, according to recent data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
This is now the highest level in SMU’s history, surpassing the previous high of June 2020 at 2.28 million units. June levels are up 1.6% from one year prior, and this is the 13th consecutive month that shipments have increased on a year-over-year basis.
As a three-month moving average (3MMA), total heating and cooling shipments rose 27.2% year over year, the second highest rate seen in SMU’s 12-year history. May 2021 holds the record high 3MMA annual rate of change at 31.9%, and the record high prior to 2020 was 16.6% in February 2015. As shown in the chart below, June marks the 12th consecutive month that 3MMA shipments have increased on a year-over-year basis.
Residential and commercial storage water heater shipments increased 8.3% year over year to a combined 913,213 units in June; 889,919 units were shipped for residential use and 23,294 units for commercial use.
June shipments of warm air furnaces totaled 327,412 units, an increase of 1.2% compared to the same month last year.
Central air conditioners and air-source heat pump shipments were down 3.4% from levels one year ago to 1,075,383 total units; 682,825 air conditioners and 392,558 heat pumps were shipped in June.
The full press release is available on the AHRI website here.
Below is a graph showing the history of total water heater, warm air furnace and air conditioner shipments through the latest data. To use its interactive features, view the graph on our website by clicking here. For assistance with either logging in or navigating the website, contact Info@SteelMarketUpdate.com.
By Brett Linton, Brett@SteelMarketUpdate.com
Brett Linton
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