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The York brand has been owned since August 2005 by Johnson Controls, when it was sold to them for $3.2 billion. [75] [76] At the time of the acquisition, it was the world's largest independent manufacturer of air conditioning, heating, and refrigeration machinery. Its stock symbol was formerly YRK.
Also in the same year, Rheem and Ruud central air conditioners were reported to have the fewest percentage of units requiring repair among all major HVAC brands according to Consumer Reports. [21] Rheem's market share of the central air conditioner market had been as high as 16% in the 1980s and dropped to about 11% by 2000. [22]
In July 2024, Johnson Controls said that it would sell its business for residential and light commercial buildings to Bosch for $6.7 billion. As part of this transaction, Bosch also intends to acquire 100 percent of the Johnson Controls-Hitachi Air Conditioning joint venture, including Hitachi’s 40 percent stake.
The efficiency of air conditioners is often rated by the seasonal energy efficiency ratio (SEER), which is defined by the Air Conditioning, Heating and Refrigeration Institute in its 2008 standard AHRI 210/240, Performance Rating of Unitary Air-Conditioning and Air-Source Heat Pump Equipment. [61]
A ceramic heater as a consumer product is a space heater that generates heat using a heating element of ceramic with a positive temperature coefficient (PTC). [1] [2] [failed verification] Ceramic heaters are usually portable and typically used for heating a room or small office, and are of similar utility to metal-element fan heaters.
Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy.