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Mini Split Air Conditioning System Market Share

Report ID: GMI7468
Published Date: Nov 2023
Report Format: PDF

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Mini Split Air Conditioning System Market Share

Some of the major market players operating in the mini split air conditioning system industry are:

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

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for mini split air conditioning system was USD 6.87 billion in 2022 and is estimated to record USD 10.94 billion by the end of 2032 due to the surging significance of energy efficiency in HVAC systems for tailoring climate control for specific zones

The single-zone product type segment held 55.75% of the mini split air conditioning system industry share in 2022 due to benefits, such as simplicity and cost-effectiveness

The residential end-use recorded 73.3% share of the mini split air conditioning system market in 2022 attributed to their flexibility, energy efficiency, and the ability to provide zonal cooling

U.S. industry size for mini split air conditioning system is poised to depict 3.9%. CAGR from 2023 to 2032 driven by the growing emphasis on energy efficiency, rising demand for smart and connected HVAC solutions, and the increasing focus on sustainable cooling practices.