Business Insider US air conditioning was a hot topic during the 2016 presidential election.
The election was seen as an opportunity for Democrats to take back control of the air conditioner market.
The Trump administration’s efforts to ban new air conditioning plants and expand older ones were blamed for the rise of the anti-Trump resistance movement.
In 2017, the Supreme Court struck down an Obama-era rule that required Americans to buy air conditioning at a regulated rate.
This created a massive bidding war between air conditioning companies and retailers.
Many of these businesses were forced to close their doors.
As a result, the market for air conditioning equipment exploded, according to data compiled by The Associated Press.
According to a new report by Business Insider, the air-conditioning market has been booming since 2017.
Business Insider reported that air conditioning wholesaler Air-conditioned Wholesalers Association (AWA) reported a $3.3 billion market growth in 2018, with an average annual growth rate of 15%.
Air-Conditioned Whipsalers are the largest distributors of air conditioning in the United States.
They sell air conditioning units to retailers and consumers.
They are also the largest resellers of air conditioners.
They currently account for about 6.6% of the US market.
However, AWA president and CEO John Givens said in a statement that “the air conditioning industry is facing unprecedented pressure from Trump’s administration to get off the hook for a massive subsidy for the air system and that’s not fair for air-con customers, retailers, or the entire economy.”
Business Insider previously reported that the air conditioned market had surged by 17% in 2017, up from $1.3 trillion to $2.1 trillion.
The AWA is a trade group representing nearly 2,000 companies.
Business Wire, a site for media content related to the American economy, also noted that in 2017 the market accounted for 7% of US exports, a figure that has been increasing each year since.
The trade group says the market has “nearly doubled from its level in 2017 to about 20% of total exports in 2018.”
The AEA says it has made progress in reducing the number of new regulations that it deems too burdensome, but that it remains “deeply concerned” about the threat of a new Trump administration.
BusinessWire reported that a recent study by the Government Accountability Office found that air-conditions are now more expensive to run than electricity.
The report found that the average cost of electricity for air condition, heating and cooling was about $12 per month in 2018.
The study also found that prices for electricity increased by more than 20% in the first five months of 2019, which it attributed to the government’s efforts in the energy sector.
Businesswire added that in 2018 the average electricity bill for Americans was $1,869, while air conditioning costs were $3,938.
In 2018, the average annual increase in the average American household’s electricity bill was 8%.
In 2017 the average bill was about 5% higher than in 2018; BusinessWire said the average price of air- conditioners rose by 4.4%.
BusinessWire added that the AEA believes the current market situation is “particularly concerning for the industry and for consumers.”
The company also said that air condition companies are concerned about Trump’s proposed tariffs on China and other countries, which could affect the market.
Business wire said that “air conditioning companies will continue to be vigilant and will continue our campaign to ensure that the government and the industry are protected.”
ABA president and COO David Darnell said in an email that ABA is “committed to protecting the rights of American consumers and ensuring the air quality standards and safeguards that we have set are upheld by Congress and the courts.”
BusinessWire previously reported how the Trump administration has attempted to cut back on air conditioning subsidies.
Businesses are “continuing to aggressively expand supply, as they did from 2009 to 2019,” Darnel said.
Business news source Business Wire (US) is owned and operated by Business Wire USA, a division of Dow Jones & Company, Inc.