In the US, demand for residential units surged because of changes in consumer behaviour triggered by new workplace practises and extreme weather events. In 2022, the residential market continued to increase in value terms more than in volume due to inflation, which seemed to have levelled off from the year before. In the commercial sector, although the bottlenecks in supply persists, construction demand continues to be robust, especially in verticals such as data centres and technology, healthcare, government, and education. This is benefiting both the VRF and the chiller market. In January and February 2022, the southern hemisphere saw extremely hot weather. Very high inflation and declining foreign reserves led the Argentine government to take a more restrictive stance on the importation of pre-made goods and raw materials. However, domestic production of mini splits increased significantly. In Brazil, new electrical certification requirements for portable and windows triggered the increase in high-wall and mini-splits, while the market for centrifugal chillers has benefited from investments in data centres. In Mexico, sales of residential and commercial air conditioning units are rising.