Market Overview:
The global split AC market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient cooling solutions, rising disposable income, and growing awareness about climate change and its impact on human health. In terms of type, the wall mounted type segment is expected to lead the global split AC market during the forecast period. This can be attributed to its low installation cost and easy portability.
Product Definition:
A split AC is an air conditioning unit that consists of two parts: an indoor unit and an outdoor unit. The indoor unit contains the compressor and the condenser, while the outdoor unit houses the evaporator. Split ACs are more efficient than window units because they use less energy to cool a space.
Wall Mounted Type:
Wall mounted type split ac is a new product category in the market. It is used to cool only one room and it has no cooling mechanism in other rooms. It provides cooling effect only when the user uses it for himself or herself. The device works on power of air that flows from outside through the unit and into the room, where user is staying, thus providing cooling effect.
Floor Standing Type:
Floor standing type is used in split ac market to provide cooling and heating facility. It works on the principle of transfer of heat from one place to another through floor, walls, roof and other parts of the building. The most common types are air conditioners and heaters which are widely used across the world for residential as well as commercial purposes.
The split ac system has two units connected by ducts which bring in outside air at one end.
Application Insights:
The commercial segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing construction sector, particularly in developing countries of Asia Pacific and Middle East & Africa, is likely to contribute significantly towards product demand. In addition, rapid industrialization coupled with rising living standards has led to an increase in demand for air conditioning systems within commercial spaces such as offices. This trend is projected to continue over the forecast period thereby driving the global split AC market growth.
Household application accounted for a share of more than 50% in 2017 owing to increasing urbanization along with rising consumer preference for energy efficient products including A/C units that consume less electricity. Government initiatives such as ¢â‚¬Å“HVAC tax credits¢â‚¬ offered by U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing awareness regarding Split ACs, their features, benefits, and installation process. Furthermore, rising disposable income levels coupled with rapid urbanization in developing countries such as India and China are anticipated to drive the demand for these systems in commercial spaces such as hotels, restaurants, malls etc.
North America accounted for a significant share of global revenue owing to growing concerns about climate change along with an increase in energy consumption associated with conventional cooling systems used for houses/offices/stores etc. Moreover, government initiatives encouraging consumers towards energy-efficient products are also driving demand across this region.
Growth Factors:
- Increasing demand for energy-efficient cooling solutions
- Rising disposable income of consumers in developing countries
- Proliferation of smart homes and buildings
- Growing popularity of split ACs among commercial users
- Technological advancements in split ACs
Scope Of The Report
Report Attributes
Report Details
Report Title
Split AC Market Research Report
By Type
Wall Mounted Type, Floor Standing Type, Cassette Type, Ceiling Suspended Type, Ducted Type
By Application
Household, Commercial
By Companies
Daikin, Gree, Midea, Mitsubishi Electric, United Technologies, LG Electronics, Fujitsu, Haier, Lennox International, Samsung Electronics, Daikin, Voltas, Whirlpool, YORK, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Split AC Market Report Segments:
The global Split AC market is segmented on the basis of:
Types
Wall Mounted Type, Floor Standing Type, Cassette Type, Ceiling Suspended Type, Ducted Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daikin
- Gree
- Midea
- Mitsubishi Electric
- United Technologies
- LG Electronics
- Fujitsu
- Haier
- Lennox International
- Samsung Electronics
- Daikin
- Voltas
- Whirlpool
- YORK
- Panasonic
Highlights of The Split AC Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wall Mounted Type
- Floor Standing Type
- Cassette Type
- Ceiling Suspended Type
- Ducted Type
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Split AC Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Split AC is a type of air conditioning that uses two or more units to cool the room.
Some of the major players in the split ac market are Daikin, Gree, Midea, Mitsubishi Electric, United Technologies, LG Electronics, Fujitsu, Haier, Lennox International, Samsung Electronics, Daikin, Voltas, Whirlpool, YORK, Panasonic.
The split ac market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Split AC Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Split AC Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Split AC Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Split AC Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Split AC Market Size & Forecast, 2018-2028
4.5.1 Split AC Market Size and Y-o-Y Growth
4.5.2 Split AC Market Absolute $ Opportunity
Chapter 5 Global Split AC Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Split AC Market Size Forecast by Type
5.2.1 Wall Mounted Type
5.2.2 Floor Standing Type
5.2.3 Cassette Type
5.2.4 Ceiling Suspended Type
5.2.5 Ducted Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Split AC Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Split AC Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Split AC Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Split AC Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Split AC Analysis and Forecast
9.1 Introduction
9.2 North America Split AC Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Split AC Market Size Forecast by Type
9.6.1 Wall Mounted Type
9.6.2 Floor Standing Type
9.6.3 Cassette Type
9.6.4 Ceiling Suspended Type
9.6.5 Ducted Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Split AC Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Split AC Analysis and Forecast
10.1 Introduction
10.2 Europe Split AC Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Split AC Market Size Forecast by Type
10.6.1 Wall Mounted Type
10.6.2 Floor Standing Type
10.6.3 Cassette Type
10.6.4 Ceiling Suspended Type
10.6.5 Ducted Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Split AC Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Split AC Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Split AC Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Split AC Market Size Forecast by Type
11.6.1 Wall Mounted Type
11.6.2 Floor Standing Type
11.6.3 Cassette Type
11.6.4 Ceiling Suspended Type
11.6.5 Ducted Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Split AC Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Split AC Analysis and Forecast
12.1 Introduction
12.2 Latin America Split AC Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Split AC Market Size Forecast by Type
12.6.1 Wall Mounted Type
12.6.2 Floor Standing Type
12.6.3 Cassette Type
12.6.4 Ceiling Suspended Type
12.6.5 Ducted Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Split AC Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Split AC Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Split AC Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Split AC Market Size Forecast by Type
13.6.1 Wall Mounted Type
13.6.2 Floor Standing Type
13.6.3 Cassette Type
13.6.4 Ceiling Suspended Type
13.6.5 Ducted Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Split AC Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Split AC Market: Competitive Dashboard
14.2 Global Split AC Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daikin
14.3.2 Gree
14.3.3 Midea
14.3.4 Mitsubishi Electric
14.3.5 United Technologies
14.3.6 LG Electronics
14.3.7 Fujitsu
14.3.8 Haier
14.3.9 Lennox International
14.3.10 Samsung Electronics
14.3.11 Daikin
14.3.12 Voltas
14.3.13 Whirlpool
14.3.14 YORK
14.3.15 Panasonic
