Source: John Lopez,/ Tech Times / 26 July 2023
The United States is currently experiencing blistering summer temperatures and scorching heatwaves, creating a lucrative opportunity for air conditioning companies. With millions of Americans desperately seeking relief from the sweltering heat, air conditioner sales are soaring, boosting the industry's revenue and drawing the attention of investors.
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The energy intensity for cooling commercial buildings in the United States depends on the climate the building is located in. Energy intensity in buildings is the energy consumed per square foot of floorspace. U.S. commercial buildings in hot or very hot climates, which are primarily in the southernmost parts of the country, were more than six times more energy-intensive for cooling (14.2 thousand British thermal units per square foot [MBtu/sf]) than buildings in cold or very cold climates (2.3 MBtu/sf).