Commercial Split HVAC Systems Market Size, Share & Trends Analysis Report By Installation (New Construction, Retrofit/Replacement), By Equipment Type (Air Conditioners, Heat Pump, Dehumidifiers), By End Use, By Region, And Segment Forecasts, 2025 - 2033
Description
Commercial Split HVAC Systems Market Summary
The global commercial split HVAC systems market size was estimated at USD 16,901.6 million in 2024 and is projected to reach USD 36,929.6 million by 2033, growing at a CAGR of 8.8% from 2025 to 2033. The global commercial split HVAC systems industry is primarily driven by the growing demand for energy-efficient climate control solutions in commercial buildings.
Rising energy costs and stringent environmental regulations have encouraged the adoption of split systems that offer high efficiency, flexible installation, and lower operational expenses.Another major driving factor is the increasing integration of smart technologies and IoT-enabled controls in HVAC systems. Businesses are focusing on optimizing indoor air quality and energy management through intelligent automation and real-time monitoring.
Moreover, the rising emphasis on green buildings and the growing preference for systems that support variable refrigerant flow (VRF) technology are further accelerating market growth. These advancements enhance performance, reduce carbon footprints, and support global sustainability goals.
Global Commercial Split HVAC Systems Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global commercial split HVAC systems market report based on installation,equipment type, end use, and region.
The global commercial split HVAC systems market size was estimated at USD 16,901.6 million in 2024 and is projected to reach USD 36,929.6 million by 2033, growing at a CAGR of 8.8% from 2025 to 2033. The global commercial split HVAC systems industry is primarily driven by the growing demand for energy-efficient climate control solutions in commercial buildings.
Rising energy costs and stringent environmental regulations have encouraged the adoption of split systems that offer high efficiency, flexible installation, and lower operational expenses.Another major driving factor is the increasing integration of smart technologies and IoT-enabled controls in HVAC systems. Businesses are focusing on optimizing indoor air quality and energy management through intelligent automation and real-time monitoring.
Moreover, the rising emphasis on green buildings and the growing preference for systems that support variable refrigerant flow (VRF) technology are further accelerating market growth. These advancements enhance performance, reduce carbon footprints, and support global sustainability goals.
Global Commercial Split HVAC Systems Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global commercial split HVAC systems market report based on installation,equipment type, end use, and region.
- Installation Outlook (Revenue, USD Million, 2021 - 2033)
- New Construction
- Retrofit/Replacement
- Equipment Type Outlook (Revenue, USD Million, 2021 - 2033)
- Air Conditioners
- Heat Pump
- Dehumidifiers
- Others
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Retail Shops
- Offices
- Healthcare Facilities
- Hospitality
- Schools & Educational Institutions
- Laboratories
- Data Centers
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East and Africa
- Saudi Arabia
- UAE
Table of Contents
100 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Global Commercial Split HVAC Systems Market Variables, Trends & Scope
- 3.1. Market Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material/Component Outlook
- 3.2.2. Manufacturer Outlook
- 3.2.3. Distribution Outlook
- 3.2.4. End Use Outlook
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Economic Mega-Trend Analysis
- 3.7. Industry Analysis Tools
- 3.7.1. Porter’s Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
- Chapter 4. Global Commercial Split HVAC Systems Market: Installation Estimates & Trend Analysis
- 4.1. Installation Movement Analysis & Market Share, 2024 & 2033
- 4.2. Global Commercial Split HVAC Systems Market Estimates & Forecast, By Installation, 2021 to 2033 (USD Million)
- 4.3. New Construction
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Retrofit/Replacement
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 5. Global Commercial Split HVAC Systems Market: Equipment Type Estimates & Trend Analysis
- 5.1. Equipment Type Movement Analysis & Market Share, 2024 & 2033
- 5.2. Global Commercial Split HVAC Systems Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million)
- 5.3. Air Conditioners
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Heat Pump
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. Dehumidifiers
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.6. Others
- 5.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 6. Global Commercial Split HVAC Systems Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 6.2. Global Commercial Split HVAC Systems Market Estimates & Forecast, By End Use, 2021 to 2033 (USD Million)
- 6.3. Retail Shops
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Offices
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Healthcare Facilities
- 6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6. Hospitality
- 6.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.7. Schools & Educational Institutions
- 6.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.8. Laboratories
- 6.8.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.9. Data Centers
- 6.9.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.10. Others
- 6.10.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 7. Global Commercial Split HVAC Systems Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 7.2. North America
- 7.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.2. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.2.3. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.2.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Key country dynamics
- 7.2.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.5.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.2.5.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.2.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Key country dynamics
- 7.2.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.6.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.2.6.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.2.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Key country dynamics
- 7.2.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.7.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.2.7.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.2.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3. Europe
- 7.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.2. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.3.3. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.3.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.5.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.3.5.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.3.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.6. France
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.6.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.3.6.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.3.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.7. UK
- 7.3.7.1. Key country dynamics
- 7.3.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.7.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.3.7.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.3.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Key country dynamics
- 7.3.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.8.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.3.8.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.3.8.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Key country dynamics
- 7.3.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.9.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.3.9.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.3.9.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.2. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.4.3. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.4.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.5. China
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.5.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.4.5.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.4.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.6. India
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.6.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.4.6.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.4.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.7.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.4.7.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.4.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.8. Australia
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.8.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.4.8.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.4.8.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.9. South Korea
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.9.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.4.9.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.4.9.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.5. Latin America
- 7.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.2. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.5.3. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.5.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.5.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.5.5.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.5.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.6.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.5.6.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.5.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.2. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.6.3. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.6.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.5.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.6.5.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.6.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.6.3. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.6.6.4. Market estimates & forecast, by equipment type, 2021 - 2033 (USD Million)
- 7.6.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- Chapter 8. Global Commercial Split HVAC Systems Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Dashboard Analysis
- 8.4. Vendor Landscape
- 8.4.1. List of Key Raw Material/Component Providers
- 8.4.2. List of Key Manufacturers
- 8.4.3. List of Key Distributors
- 8.5. Company Market Share Analysis, 2024
- 8.6. Company Positioning Analysis, 2024
- 8.7. Company Heat Map Analysis, 2024
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. Carrier
- 8.9.1.1. Participant’s overview
- 8.9.1.2. Financial performance
- 8.9.1.3. Product benchmarking
- 8.9.1.4. Recent developments
- 8.9.2. Johnson Controls
- 8.9.2.1. Participant’s overview
- 8.9.2.2. Financial performance
- 8.9.2.3. Product benchmarking
- 8.9.2.4. Recent developments
- 8.9.3. Trane
- 8.9.3.1. Participant’s overview
- 8.9.3.2. Financial performance
- 8.9.3.3. Product benchmarking
- 8.9.3.4. Recent developments
- 8.9.4. LG Electronics
- 8.9.4.1. Participant’s overview
- 8.9.4.2. Financial performance
- 8.9.4.3. Product benchmarking
- 8.9.4.4. Recent developments
- 8.9.5. Haier Group
- 8.9.5.1. Participant’s overview
- 8.9.5.2. Financial performance
- 8.9.5.3. Product benchmarking
- 8.9.5.4. Recent developments
- 8.9.6. Panasonic Corporation
- 8.9.6.1. Participant’s overview
- 8.9.6.2. Financial performance
- 8.9.6.3. Product benchmarking
- 8.9.6.4. Recent developments
- 8.9.7. AAON
- 8.9.7.1. Participant’s overview
- 8.9.7.2. Financial performance
- 8.9.7.3. Product benchmarking
- 8.9.7.4. Recent developments
- 8.9.8. Daikin
- 8.9.8.1. Participant’s overview
- 8.9.8.2. Financial performance
- 8.9.8.3. Product benchmarking
- 8.9.8.4. Recent developments
- 8.9.9. Samsung
- 8.9.9.1. Participant’s overview
- 8.9.9.2. Financial performance
- 8.9.9.3. Product benchmarking
- 8.9.9.4. Recent developments
- 8.9.10. Midea
- 8.9.10.1. Participant’s overview
- 8.9.10.2. Financial performance
- 8.9.10.3. Product benchmarking
- 8.9.10.4. Recent developments
- 8.9.11. Mitsubishi Electric
- 8.9.11.1. Participant’s overview
- 8.9.11.2. Financial performance
- 8.9.11.3. Product benchmarking
- 8.9.11.4. Recent developments
- 8.9.12. Fujitsu
- 8.9.12.1. Participant’s overview
- 8.9.12.2. Financial performance
- 8.9.12.3. Product benchmarking
- 8.9.12.4. Recent developments
- 8.9.13. Voltas
- 8.9.13.1. Participant’s overview
- 8.9.13.2. Financial performance
- 8.9.13.3. Product benchmarking
- 8.9.13.4. Recent developments
- 8.9.14. Lennox
- 8.9.14.1. Participant’s overview
- 8.9.14.2. Financial performance
- 8.9.14.3. Product benchmarking
- 8.9.14.4. Recent developments
- 8.9.15. GREE Comfort
- 8.9.15.1. Participant’s overview
- 8.9.15.2. Financial performance
- 8.9.15.3. Product benchmarking
- 8.9.15.4. Recent developments
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