PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535565
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535565
U.S. Mini Split Air Conditioning System Market Size - By Type, By Installation, By Technology, By Capacity, By Price Range, By End-user, By Distribution Channel & Forecast, 2024 - 2032
U.S. Mini Split Air Conditioning System Market size will depict 5.6% CAGR from 2024-2032, due to the strong push towards energy-efficient solutions to reduce energy consumption and carbon footprints. Mini split systems, on account of their high efficiency and low energy usage, are increasingly favored over traditional HVAC systems. With the escalating energy costs, consumers in the country are seeking more cost-effective cooling and heating solutions. The growing integration with advanced filtration technologies to remove dust, allergens, and other pollutants for improving indoor air quality and appealing to health-conscious consumers will also drive the product demand.
The U.S. mini split air conditioning system industry is segmented into type, installation, technology, capacity, price range, end-user, distribution channel, and region.
In terms of type, the industry value from the multi-zone mini-splits segment may record robust CAGR from 2024 to 2032 owing to their great flexibility in terms of installation and usage. Multi-zone mini-splits offer independent temperature control in different zones or rooms while reducing energy wastage by cooling only the areas that are in use. They also assist homeowners in setting different temperatures in different rooms based on individual preferences for providing a customized comfort solution in comparison to central HVAC systems.
By installation, the U.S. mini split air conditioning system market value from the ceiling segment is likely to expand through 2032. These splits help to maintain a consistent temperature while improving the overall comfort, as the cool air can reach every corner of the space more effectively. Ceiling mini splits, particularly ceiling cassette units have also emerged as excellent options for spaces where wall or floor space is limited, particularly in smaller homes, apartments, and offices.
Regionally, the West U.S. mini split air conditioning system industry size is set to grow from 2024 to 2032, led by the rising government support. States like California are offering incentives and rebates for installing energy-efficient HVAC systems while encouraging more homeowners and businesses to adopt mini split systems. The Western U.S. constitutes many older homes that were built without central air conditioning. To that end, mini split systems are widely used across the region as they are ideal for retrofitting these homes due to their ductless design for simplifying the installation while avoiding the need for extensive remodeling.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Raw material analysis
- 3.5 Key news & initiatives
- 3.6 Regulatory landscape
- 3.7 Technological overview
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 The significance of energy efficiency in HVAC systems
- 3.8.1.2 Tailoring climate control for specific zone
- 3.8.1.3 Ease of installation and flexibility design
- 3.8.1.4 Rapid urbanization and growing demand for air conditioning systems
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High competition from alternative technologies
- 3.8.2.2 Market saturation
- 3.8.1 Growth drivers
- 3.9 Consumer buying behavior analysis
- 3.9.1 Demographic trends
- 3.9.2 Factors affecting buying decision
- 3.9.3 Consumer product adoption
- 3.9.4 Preferred distribution channel
- 3.9.5 Preferred price range
- 3.10 Growth potential analysis
- 3.11 Porter's analysis
- 3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021-2032 (USD Billion) (Million Units)
- 5.1 Key trends
- 5.2 Single-Zone Mini-Splits
- 5.3 Multi-Zone Mini-Splits
Chapter 6 Market Estimates & Forecast, By Installation, 2021-2032 (USD Billion) (Million Units)
- 6.1 Key trends
- 6.2 Wall Mounted
- 6.3 Celling
Chapter 7 Market Estimates & Forecast, By Technology, 2021-2032 (USD Billion) (Million Units)
- 7.1 Key trends
- 7.2 Inverter Mini-Splits
- 7.3 Non-Inverter Mini-Splits
Chapter 8 Market Estimates & Forecast, By Capacity, 2021-2032 (USD Billion) (Million Units)
- 8.1 Key trends
- 8.2 Less than 1 ton
- 8.3. 1 to 1.5 ton
- 8.4. 1.5 to 2 ton
- 8.5 More than 2 ton
Chapter 9 Market Estimates & Forecast, By Price Range, 2021-2032 (USD Billion) (Million Units)
- 9.1 Key trends
- 9.2 Low
- 9.3 Medium
- 9.4 High
Chapter 10 Market Estimates & Forecast, By End-user, 2021-2032 (USD Billion) (Million Units)
- 10.1 Key trends
- 10.2 Household
- 10.3 Commercial
Chapter 11 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)
- 11.1 Key trends
- 11.2 Online
- 11.2.1 Company owned website
- 11.2.2 E- Commerce website
- 11.3 Offline
- 11.3.1 Specialty stores
- 11.3.2 Supermarket & Hypermarkets
- 11.3.3 Factory outlets
- 11.3.4 Other retail stores
Chapter 12 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)
- 12.1 Key trends
- 12.2 Northeast
- 12.3 The Midwest
- 12.4 The South East
- 12.5 The South West
- 12.6 The West
Chapter 13 Company Profiles
- 13.1 Carrier Corporation
- 13.2 Daikin Industries
- 13.3 Fujitsu General Ltd.
- 13.4 GREE Electric Appliances
- 13.5 Haier Group Corporation
- 13.6 Hitachi
- 13.7 Johnson Controls Plc
- 13.8 LG Electronics
- 13.9 Midea Group Co. Ltd.
- 13.10 Mitsubishi Electric Corporation
- 13.11 Panasonic Corporation
- 13.12 Samsung Electronics Co. Ltd.
- 13.13 Senville
- 13.14 Toshiba Corporation
- 13.15 Trane Technologies
