Steel Markets
December 13, 2020
Heating and Cooling Equipment Shipments Up in October
Written by Brett Linton
October heating and cooling equipment shipments increased to 2.08 million units, up 36.3 percent from one year prior, according to recent data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). Total October shipments were up 2.5 percent from the previous month. For comparison, June 2020 saw the highest monthly shipment level in Steel Market Update’s 12-year history at 2.28 million units.
Total shipments for 2020 through October hit 18.7 million units, up 5.7 percent compared to 17.7 million units shipped in the same period of 2019. As seen in the chart below, year-to-date shipments for the first 10 months of each year are now at the highest level seen in SMU’s data history.
