Heating and cooling equipment shipments fall with season change in October

Written by Becca Moczygemba

October saw domestic heating and cooling equipment shipments drop for a second consecutive month, according to the latest data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).

Shipments declined 12% month on month and 11% year on year to 1.5 million units in October.

On a 12-month moving average (12MMA) basis, shipments were down to 1,791,429 units vs. 1,808,331 units the previous month.

The chart below shows the total heating and cooling shipments on a three-month moving average (3MMA) basis. Shipments fell 7% through October compared to the same period one year ago. The 3MMA declined nearly every month in 2023, with April seeing the largest decline at 12%.

Shipments of residential and commercial storage water heaters increased 8% MoM to a combined 818,262 units. YoY, shipments jumped 15% from 708,572 units.

Shipments of central air conditioners and air-source heat pumps were down 30% both MoM and YoY. A total of 306,735 AC units and 225,834 heat pump units were shipped in October.

This year has seen more water heater and air conditioner/heat pump units shipped out of any of the last five years. However, the most warm air furnaces were shipped in 2021.

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.

Becca Moczygemba

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