Product Code: GVR-4-68040-814-7
North America Commercial Split HVAC Systems Market Summary
The North America commercial split HVAC systems market size was estimated at USD 2,998.7 million in 2024 and is projected to reach USD 6,487.6 million by 2033, growing at a CAGR of 8.7% from 2025 to 2033. The market is driven by rising commercial construction activity across offices, retail spaces, institutions, and hospitality facilities.
Businesses are increasingly prioritizing reliable cooling solutions to maintain occupant comfort and operational efficiency. Stricter building codes emphasizing energy-efficient HVAC adoption further support system upgrades.
Growing awareness of indoor air quality in workplaces is prompting companies to invest in modern HVAC solutions with improved filtration and ventilation capabilities. Advancements in inverter technology and variable-refrigerant designs are helping reduce electricity consumption, lowering long-term operating costs. The shift toward sustainable infrastructure is also encouraging the replacement of aging units with eco-friendly models. Together, these trends are accelerating market expansion across North America.
North America Commercial Split HVAC Systems Market Report Segmentation
This report forecasts revenue growth at North America 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 North America commercial split HVAC systems market report based on installation,equipment type, end use, and country:
- 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
- Country Outlook (Revenue, USD Million, 2021 - 2033)
- North America
Table of Contents
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. North America 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. North America Commercial Split HVAC Systems Market: Installation Estimates & Trend Analysis
- 4.1. Installation Movement Analysis & Market Share, 2024 & 2033
- 4.2. North America 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. North America Commercial Split HVAC Systems Market: Equipment Type Estimates & Trend Analysis
- 5.1. Equipment Type Movement Analysis & Market Share, 2024 & 2033
- 5.2. North America 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. North America Commercial Split HVAC Systems Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 6.2. North America 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. North America Commercial Split HVAC Systems Market: Country 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)
Chapter 8. North America 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