Record Sales Anticipated for A/C Manufacturers Amidst Widespread Heatwaves

The scorching summer heat in the US is anticipated to boost air conditioner sales to remarkable heights, contributing billions of dollars to companies that are already expecting record profits due to recent advantageous regulations. According to analysts' estimates, $Carrier Global(CARR.US)$, which is the second-largest US heating and cooling company by market value, is likely to generate more revenue in Q2 than ever before. Additionally, four out of its six biggest competitors are also expected to attain unprecedented sales this quarter.

However, because of new US Department of Energy minimum efficiency standards, the units people did buy were priced substantially higher than in 2020. Additionally, the extreme heat currently scorching the US and Europe should boost demand for new units in the second half of the year. Sales in the third quarter are predicted to increase above already elevated levels, with Carrier, $Lennox International(LII.US)$, $AAON Inc(AAON.US)$, $Trane Technologies(TT.US)$, and Beijer Ref AB all set to achieve records. The HVAC Index, which monitors heating, ventilation, and air conditioning equipment manufacturers, is up 20% from the beginning of June, indicating that investors are taking note of the record sales driven by regulation and rising temperatures, signifying a new normal for HVAC companies.