Split HVAC Systems Market Size, Share & Trends Analysis Report By Product Type (Air Conditioners, Heat Pump), By End Use (Residential, Commercial, Industrial), By Installation (New Construction, Retrofit/Replacement), By Region, And Segment Forecasts, 202
Description
Split HVAC Systems Market Summary
The global split HVAC systems market size was estimated at USD 48,679.6 million in 2024 and is projected to reach USD 106,248.0 million by 2033, growing at a CAGR of 8.7% from 2025 to 2033. The rapid pace of urbanization is increasing the demand for residential and commercial buildings, driving the need for efficient cooling and heating solutions.
Split HVAC systems, being compact and versatile, are ideal for such developments. Rising disposable incomes are also enabling homeowners to invest in modern HVAC solutions. This trend is particularly strong in emerging economies where new housing projects are expanding rapidly. Increasing focus on energy-efficient appliances is pushing the adoption of split HVAC systems that consume less power. Innovations such as inverter technology and smart controls enhance performance while reducing electricity bills. Environmental regulations encouraging low-emission equipment further support market growth. Consumers are increasingly prioritizing eco-friendly solutions without compromising comfort.
Global Split HVAC Systems Market Report Segmentation
This report forecasts revenue growth at the 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 split HVAC systems market report based on product type, installation, end use, and region:
The global split HVAC systems market size was estimated at USD 48,679.6 million in 2024 and is projected to reach USD 106,248.0 million by 2033, growing at a CAGR of 8.7% from 2025 to 2033. The rapid pace of urbanization is increasing the demand for residential and commercial buildings, driving the need for efficient cooling and heating solutions.
Split HVAC systems, being compact and versatile, are ideal for such developments. Rising disposable incomes are also enabling homeowners to invest in modern HVAC solutions. This trend is particularly strong in emerging economies where new housing projects are expanding rapidly. Increasing focus on energy-efficient appliances is pushing the adoption of split HVAC systems that consume less power. Innovations such as inverter technology and smart controls enhance performance while reducing electricity bills. Environmental regulations encouraging low-emission equipment further support market growth. Consumers are increasingly prioritizing eco-friendly solutions without compromising comfort.
Global Split HVAC Systems Market Report Segmentation
This report forecasts revenue growth at the 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 split HVAC systems market report based on product type, installation, end use, and region:
- Product type Outlook (Revenue, USD Million, 2021 - 2033)
- Air Conditioners
- Heat Pump
- Dehumidifiers
- Others
- Installation Outlook (Revenue, USD Million, 2021 - 2033)
- New Construction
- Retrofit/Replacement
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Residential
- Commercial
- Industrial
- 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
- South Africa
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 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 User 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 Split HVAC Systems Market: Product type Estimates & Trend Analysis
- 4.1. Product type Movement Analysis & Market Share, 2024 & 2033
- 4.2. Global Split HVAC Systems Market Estimates & Forecast, By Product type, 2021 to 2033 (USD Million)
- 4.3. Air Conditioners
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Heat Pump
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Dehumidifiers
- 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6. Others
- 4.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 5. Global Split HVAC Systems Market: Installation Estimates & Trend Analysis
- 5.1. Installation Movement Analysis & Market Share, 2024 & 2033
- 5.2. Global Split HVAC Systems Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million)
- 5.3. New Construction
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Retrofit/Replacement
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 6. Global Split HVAC Systems Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 6.2. Global Split HVAC Systems Market Estimates & Forecast, By End Use, 2021 to 2033 (USD Million)
- 6.3. Residential
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Commercial
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Industrial
- 6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 7. Global 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 product type, 2021 - 2033 (USD Million)
- 7.2.3. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.2.5.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.2.6.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.2.7.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.3.3. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.3.5.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.3.6.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.3.7.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.3.8.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.3.9.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.4.3. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.4.5.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.4.6.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.4.7.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.4.8.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.4.9.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.5.3. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.5.5.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.5.6.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.6.3. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.6.5.4. Market estimates & forecast, by installation, 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 product type, 2021 - 2033 (USD Million)
- 7.6.6.4. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.6.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. Key country dynamics
- 7.6.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.7.3. Market estimates & forecast, by product type, 2021 - 2033 (USD Million)
- 7.6.7.4. Market estimates & forecast, by installation, 2021 - 2033 (USD Million)
- 7.6.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- Chapter 8. Global 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 Installation/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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