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U.S. Mini Split Air Conditioning System Market Trends

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

U.S. Mini Split Air Conditioning System Market Trends

The mini split air conditioning system industry in the U.S. is undergoing several notable trends. One prominent trend is increasing market consolidation, with larger players acquiring smaller companies to expand their market share and product portfolios. Additionally, there is a strong focus on enhancing energy efficiency, with manufacturers investing heavily in research and development to improve the SEER and HSPF ratings of their systems, driven by rising energy costs and environmental concerns. Another significant trend is the integration of smart technology features, such as Wi-Fi connectivity, remote control capabilities, and compatibility with smart home systems, allowing users to control and monitor their mini-split units through mobile apps or voice commands.
 

The industry is also witnessing an expansion into commercial Technology beyond residential settings, with manufacturers offering larger-capacity units to cater to the growing demand from offices, restaurants, and retail spaces. Furthermore, there is an emphasis on improving indoor air quality, with advanced air filtration systems and air purification technologies being incorporated into mini-split units. The adoption of inverter-driven compressors, which can adjust their speed based on cooling or heating requirements, is also gaining traction due to their energy-saving capabilities and ability to maintain consistent temperatures.

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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