Home > Industrial Machinery > HVAC > Air Handling Units (AHU) > Mini Split Air Conditioning System Market
Mini Split Air Conditioning System Market Size
- Report ID: GMI7468
- Published Date: Nov 2023
- Report Format: PDF
Mini Split Air Conditioning System Market Size
Mini Split Air Conditioning System Market was valued at around USD 6.87 billion in 2022 and is projected to grow at a CAGR of over 4.9% between 2023 and 2032. The factors driving the market of mini split air conditioning system are the significance of energy efficiency in HVAC systems, tailoring climate control for specific zone, and ease of installation and flexibility design.
Energy efficiency is one of the most important factors driving the growth of the mini-split AC market. Mini-split ACs are highly energy-efficient, using up to 30% less energy than traditional window or central air conditioning systems. This is due in part to their use of inverter technology, which allows them to adjust their cooling capacity to match the needs of the room. As a result, mini-split ACs can help homeowners save money on their energy bills.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Mini Split Air Conditioning System Market Size in 2022: | USD 6.87 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.9% |
| 2032 Value Projection: | USD 10.94 Billion |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 347 |
| Segments covered: | Product Type, Installation, Technology, Price, Capacity, End-Use, and Distribution Channel |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Mini Split Air Conditioning System Market Scope
