미니 스플릿 공조 시스템 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Mini Split Air Conditioning System Market was valued at USD 7.4 billion in 2024 and is estimated to grow at a CAGR of 5.5% to reach USD 12.5 billion by 2034.

With growing emphasis on reducing energy consumption and carbon emissions, mini split systems are gaining popularity due to their high SEER ratings and ability to cool specific zones without wasting energy on unused spaces.

Rising Demand for Single-Zone Mini Splits

The single-zone mini splits segment held a significant share in 2024, driven by its affordability, simplicity, and targeted cooling benefits. These systems are ideal for small homes, individual rooms, or home offices, allowing users to cool specific spaces without overhauling their entire HVAC setup. As more homeowners seek energy-efficient solutions without the need for ductwork, single zone units are emerging as the go-to option, particularly in urban environments where space and cost are critical.

Increasing Adoption in the Residential Sector

The residential segment will grow at a decent CAGR through 2034, as homeowners prioritize comfort, customization, and energy savings. These systems offer a ductless alternative to central AC, making them especially attractive for older homes or additions where duct installation is not feasible. With remote work and time spent at home increasing, there's a growing need for flexible climate control across living spaces. Brands are responding by introducing quieter models, cleaner aesthetics, and Wi-Fi enabled features that align with smart home movement.

Offline Sector to Gain Traction

The offline segment generated a sizeable share in 2024, backed by the complexity of the product and the need for expert guidance during purchase. Many customers still prefer brick-and-mortar retailers or authorized dealers to assess system performance, get installation support, and ensure after-sales service availability. Companies are strengthening retail partnerships, offering bundled installation services, and conducting in-store demos to drive consumer confidence and accelerate purchase decisions.

Asia Pacific to Emerge as a Propelling Region

Asia Pacific mini split air conditioning system market held a significant share in 2024, driven by dense urbanization, rising middle-class income, and the region's hot climate. Countries like China, Japan, South Korea, and India are witnessing surging demand for compact, energy-efficient cooling solutions in both new residential developments and retrofit projects. Local and international players are focusing on expanding production facilities, customizing designs to meet regional preferences, and leveraging distributor networks to increase reach and responsiveness.

Major players in the mini split air conditioning system market are Toshiba Corporation, Senville, Daikin Industries, LG Electronics, Trane Technologies, Fujitsu General, Haier Group Corporation, Hitachi, Mitsubishi Electric Corporation, Carrier Corporation, Panasonic Corporation, Samsung Electronics, GREE Electric Appliances, Johnson Controls International, and Midea Group.

To strengthen their market presence, companies in the mini split air conditioning system space are investing heavily in R&D, smart features, and regional expansion. Key strategies include the integration of inverter compressors for enhanced energy efficiency, the development of IoT-enabled models for remote control, and the use of eco-friendly refrigerants to comply with global environmental standards. Leading brands are also forming strategic alliances with installers, training service networks, and launching awareness campaigns to educate consumers on the benefits of ductless technology. By offering scalable product lines-from entry-level to premium-companies are catering to a wide range of budgets and applications, ensuring sustainable market growth.

Table of Contents

Chapter 1 Methodology and Scope

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional/country
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 Product type
  • 2.2.3 Installation
  • 2.2.4 Technology
  • 2.2.5 Price
  • 2.2.6 Capacity
  • 2.2.7 End use
  • 2.2.8 Distribution channel
• 2.3 CXO perspectives: strategic imperatives
  • 2.3.1 Key decision points for industry executives
  • 2.3.2 Critical success factors for market players
• 2.4 Future outlook and strategic recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier landscape
  • 3.1.2 Profit margin
  • 3.1.3 Value addition at each stage
  • 3.1.4 Factor affecting the value chain
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
    • 3.2.1.1 The significance of energy efficiency in HVAC systems
    • 3.2.1.2 Tailoring climate control for specific zone
    • 3.2.1.3 Ease of installation and flexibility design
  • 3.2.2 Industry pitfalls & challenges
    • 3.2.2.1 High competition from alternative technologies
    • 3.2.2.2 Market saturation
  • 3.2.3 Opportunities
    • 3.2.3.1 Rising demand for retrofit installations in existing buildings
    • 3.2.3.2 Integration with smart home & IoT technologies
• 3.3 Growth potential analysis
• 3.4 Future market trends
• 3.5 Technology and innovation landscape
  • 3.5.1 Current technological trends
  • 3.5.2 Emerging technologies
• 3.6 Price trends
  • 3.6.1 By region
  • 3.6.2 By product type
• 3.7 Regulatory framework
  • 3.7.1 standards and compliance requirements
  • 3.7.2 Regional regulatory frameworks
  • 3.7.3 Certification standards
• 3.8 Trade statistics (HS code: 84158210)
  • 3.8.1 Major importing countries
  • 3.8.2 Major exporting countries
• 3.9 Porter's five forces analysis
• 3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 By region
    • 4.2.1.1 North America
    • 4.2.1.2 Europe
    • 4.2.1.3 Asia Pacific
    • 4.2.1.4 Latin America
    • 4.2.1.5 MEA
• 4.3 Company matrix analysis
• 4.4 Competitive analysis of major market players
• 4.5 Competitive positioning matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New product launches
  • 4.6.4 Expansion plans

Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2034 (USD Billion) (Thousand Units)

• 5.1 Key trends
• 5.2 Single-zone mini splits
• 5.3 Multi-zone mini splits

Chapter 6 Market Estimates & Forecast, By Installation, 2021-2034 (USD Billion) (Thousand Units)

• 6.1 Key trends
• 6.2 Wall mounted
• 6.3 Floor-mounted
• 6.4 Ceiling-mounted
• 6.5 Other (Free standing)

Chapter 7 Market Estimates & Forecast, By Technology, 2021-2034 (USD Billion) (Thousand Units)

• 7.1 Key trends
• 7.2 Inverter mini splits
• 7.3 Non-inverter mini splits

Chapter 8 Market Estimates & Forecast, By Price, 2021-2034 (USD Billion) (Thousand Units)

• 8.1 Key trends
• 8.2 Low
• 8.3 Medium
• 8.4 High

Chapter 9 Market Estimates & Forecast, By Capacity, 2021-2034 (USD Billion) (Thousand Units)

• 9.1 Key trends
• 9.2 Up to 9,000 BTU/hr
• 9.3 9,000 to 12,000 BTU/hr
• 9.4 12,000 to 18,000 BTU/hr
• 9.5 18,000 BTU/hr and above

Chapter 10 Market Estimates & Forecast, By End Use, 2021-2034 (USD Billion) (Thousand Units)

• 10.1 Key trends
• 10.2 Residential
• 10.3 Commercial

Chapter 11 Market Estimates & Forecast, By Distribution Channel, 2021-2034 (USD Billion) (Thousand Units)

• 11.1 Key trends
• 11.2 Online
  • 11.2.1 Company websites
  • 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, 2021-2034 (USD Billion) (Thousand Units)

• 12.1 Key trends
• 12.2 North America
  • 12.2.1 U.S.
  • 12.2.2 Canada
• 12.3 Europe
  • 12.3.1 Germany
  • 12.3.2 UK
  • 12.3.3 France
  • 12.3.4 Italy
  • 12.3.5 Spain
• 12.4 Asia Pacific
  • 12.4.1 China
  • 12.4.2 India
  • 12.4.3 Japan
  • 12.4.4 South Korea
  • 12.4.5 Australia
• 12.5 Latin America
  • 12.5.1 Brazil
  • 12.5.2 Mexico
  • 12.5.3 Argentina
• 12.6 MEA
  • 12.6.1 South Africa
  • 12.6.2 Saudi Arabia
  • 12.6.3 UAE

Chapter 13 Company Profiles

• 13.1 Carrier Corporation
• 13.2 Daikin Industries
• 13.3 Fujitsu General
• 13.4 GREE Electric Appliances
• 13.5 Haier Group Corporation
• 13.6 Hitachi
• 13.7 Johnson Controls International
• 13.8 LG Electronics
• 13.9 Midea Group
• 13.10 Mitsubishi Electric Corporation
• 13.11 Panasonic Corporation
• 13.12 Samsung Electronics
• 13.13 Senville
• 13.14 Toshiba Corporation
• 13.15 Trane Technologies