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U.S. Mini Split Air Conditioning System Market Analysis

  • Report ID: GMI9719
  • Published Date: Jun 2024
  • Report Format: PDF

U.S. Mini Split Air Conditioning System Market Analysis

Based on type, the market is divided into single-zone mini-splits and multi-zone mini-splits. In 2023, single-zone mini-splits held the dominant market of USD 900 million and is expected to reach USD 1.5 billion by 2032. Single-zone mini-splits continue to be popular in residential Technologies, especially for additions, renovations, and homes without existing ductwork. There is increasing demand for smart/wifi enabled single-zone units that offer improved control and energy monitoring capabilities.
 

Additionally, single-zone units are expanding into light commercial spaces like small offices and retail stores, while also experiencing growth in the replacement market as older window AC units are phased out. However, multi-zone mini-splits are witnessing rapid adoption in both residential and light commercial Technology, where there is a need to cool/heat multiple rooms or zones. There is a preference for higher capacity multi-zone systems with four or more indoor units in larger homes and commercial spaces. In commercial settings, these systems are being integrated with smart building automation systems.
 

U.S. Mini Split Air Conditioning System Market Share, By Installation, (2023)

Based on installation, the U.S. mini split air conditioning system market is categorized into wall mounted and ceiling. The wall mounted segment held the dominant market share of 87% in 2023. Wall mounted mini-split units remain the most popular and widely adopted installation type, especially in residential settings. Consumers prefer sleek, low-profile designs that seamlessly blend with their interior decor. There is an increased demand for wall-mounted units with advanced air filtration, purification capabilities, and smart features like Wi-Fi connectivity and voice control for convenient operation.
 

Additionally, these units are expanding into light commercial Technologies such as small offices and retail spaces. Ceiling mounted, or ceiling cassette mini-split units are gaining popularity in both residential and commercial Technologies due to their discreet, unobtrusive design. These units are the preferred choice for larger open spaces, such as great rooms, basements, and commercial venues, as they offer even air distribution and optimized airflow patterns for improved comfort.
 

In the Northeast region of the United States, there's a notable surge in demand for energy-efficient mini split air conditioning systems. Driven by the region's harsh winters and hot summers, consumers seek year-round comfort without compromising on energy consumption. Consequently, there's a preference for mini split systems boasting high SEER ratings and advanced energy-saving features.
 

In the Midwest, where temperatures fluctuate drastically throughout the year, durability and reliability are paramount in the mini split air conditioning system market. Homeowners and businesses require HVAC systems capable of withstanding extreme weather conditions, including heavy snowfall and thunderstorms. Consequently, there's a preference for mini split systems crafted from robust materials and supported by robust warranties.
 

In the Southeast region, characterized by hot and humid climates, the mini split air conditioning system market is defined by a focus on cooling performance and moisture control. Residents prioritize systems that efficiently cool indoor spaces while reducing humidity levels, fostering a comfortable living environment.
 

The arid Southwest region witnesses a surge in demand for mini split air conditioning systems capable of efficiently cooling and dehumidifying indoor spaces while minimizing energy consumption. With scorching temperatures and low humidity levels, residents rely heavily on air conditioning year-round.
 

In the Western region, featuring diverse climates ranging from temperate coastal areas to arid deserts and mountainous regions, flexibility and versatility define the market. Homeowners and businesses seek HVAC solutions adaptable to varying climate conditions and building layouts.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for mini split air conditioning (AC) system in U.S. reached USD 1.3 billion in 2023 and is set to witness 5.6% CAGR during 2024-2032, led by rapid urbanization.

The single-zone mini-splits segment recorded USD 0.9 billion in 2023 and is expected to reach USD 1.5 billion by 2032, as they continue to be popular in residential technologies, especially for additions and renovation.

Northeast United States mini split AC system industry held a decent share in 2023, driven by the region's harsh winters and hot summers.

Johnson Controls Plc, LG Electronics, Midea Group Co. Ltd, Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd, and Senville among others.

U.S. Mini Split Air Conditioning System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 428
  • Countries covered: 1
  • Pages: 487
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