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Multi-split Air Conditioning Systems Market Trends

Report ID: GMI11368
Published Date: Sep 2024
Report Format: PDF

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Multi-split Air Conditioning Systems Market Trends

Inverter technology is transforming the HVAC industry, especially in multi-split systems. Unlike traditional fixed-speed compressors, inverter-driven compressors modulate their speed according to cooling demands. This not only ensures precise temperature control but also leads to substantial energy savings. Furthermore, the latest multi-split systems are being crafted to seamlessly integrate with renewable energy sources, notably solar power. This collaboration between HVAC systems and sustainable energy not only resonates with the global push towards carbon neutrality but also promises consumers significant long-term cost savings.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of multi-split air conditioning systems was worth around USD 21.3 billion in 2023 and is estimated to register a CAGR of around 4.8% between 2024 and 2032, due to wider adoption of smart homes.

The wall-mounted multi-split systems segment is expected to reach USD 15.6 billion by 2032, owing to their compact design and unobtrusive appearance, gaining popularity in both residential and commercial settings.

Asia Pacific held the largest market share of around 43% in 2023 and will reach USD 14.3 billion by 2032, backed by the rapid urbanization, leading to a pronounced transition from rural to urban lifestyles.

Hitachi, Ltd., Johnson Controls International plc, Lennox International Inc., LG Electronics Inc., Midea Group, Mitsubishi Electric Corporation, Panasonic Corporation, and Samsung Electronics Co., Ltd. among others.