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U.S. Mini Split Air Conditioning System Market Share

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

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U.S. Mini Split Air Conditioning System Market Share

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Mini Split Air Conditioning System market seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as Carrier Corporation, Daikin Industries, Fujitsu General Ltd., GREE Electric Appliances, Haier Group Corporation, Hitachi, Johnson Controls Plc and LG Electronics collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

U.S. Mini Split Air Conditioning System Market Companies

Major players operating in the U.S. mini split air conditioning system industry are:

Carrier Corporation
Daikin Industries
Fujitsu General Ltd.
GREE Electric Appliances
Haier Group Corporation
Hitachi
Johnson Controls Plc
LG Electronics
Midea Group Co. Ltd.
Mitsubishi Electric Corporation
Panasonic Corporation
Samsung Electronics Co. Ltd.
Senville
Toshiba Corporation
Trane Technologies

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.