U.S. Split Units Market Poised for Steady Growth Through 2032

The U.S. split units market is projected to experience significant growth over the coming years, with revenues expected to increase from $2,185.5 million in 2024 to $2,888.7 million by 2032, reflecting a compound annual growth rate (CAGR) of 3.7% during the forecast period.

Key Market Drivers:

Rising Demand for Energy Efficiency: The increasing emphasis on energy-efficient solutions has led to a surge in the adoption of inverter-integrated split units. These systems offer reliable cooling while consuming less power, aligning with the nation's energy conservation goals.

Technological Advancements: Innovations such as the integration of the Internet of Things (IoT), smartphone-controlled operations, and advanced air filtration systems have enhanced the reliability and efficiency of split units, making them more appealing to consumers.

Infrastructure Development: The growth in infrastructure spending, particularly in residential and commercial construction, has increased the demand for flexible and efficient cooling solutions like split units.

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Market Segmentation:

By Type:

Ductless Systems: Accounted for approximately 45% of the market share in 2024, favored for their ease of installation and suitability for retrofitting older buildings.

Variable Refrigerant Flow (VRF) Systems: Gaining traction due to their energy efficiency and ability to provide individualized comfort control.

Centralized Systems: Preferred in large commercial and industrial applications for their centralized control and efficiency.

By Capacity:

2–4 Tons: Held the largest market share of 50% in 2024, widely used in both residential and small commercial settings for their versatility and affordability.

Less than 2 Tons: Ideal for single-room applications and smaller spaces.

More than 4 Tons: Experiencing the highest growth rate due to the increasing number of large infrastructure projects.

By Installation:

Wall-Mounted: Dominated the market in 2024, offering a balance between aesthetics and functionality.

Ceiling-Mounted: Expected to be the fastest-growing segment, providing efficient air distribution in larger spaces.

Floor-Standing: Chosen for specific applications where wall or ceiling installations are not feasible.

Regional Insights:

The Southern United States emerged as both the largest and fastest-growing region in 2024. This is attributed to higher average temperatures and significant construction activities, leading to an increased demand for efficient cooling solutions.

Challenges:

The industry faces challenges related to regulatory compliance, particularly concerning energy efficiency and environmental sustainability standards set by the U.S. Department of Energy and the Environmental Protection Agency. Adhering to these regulations necessitates substantial investments in research and development, potentially posing barriers for smaller or new market entrants.

Competitive Landscape:

The U.S. split units market is fragmented, with key players including:

• Carrier Global Corporation

• Daikin Industries Ltd.

• LG Electronics Inc.

• Mitsubishi Electric Corporation

• Johnson Controls International plc

These companies are focusing on technological advancements and strategic collaborations to strengthen their market positions.

Future Outlook:

The U.S. split units market is poised for steady growth, driven by technological innovations, increasing energy efficiency demands, and ongoing infrastructure development. As the market evolves, companies that prioritize sustainable practices and advanced technologies are expected to lead the way.

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