Market Overview:
The global split air conditioning market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling solutions, rising disposable income, and growing awareness about health benefits of using air conditioners. The split air conditioning market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into mono-split ACs, multi-split ACs VRF split ACs), and floor ceiling split ACs. Mono-split ACs are expected to dominate the global Split Air Conditioning Market during forecast period owing to their high efficiency and low cost as compared to other types of splits ac’s .On account on application ,residential sector dominated with highest share in 2017 due higher adoption rate followed by commercial sector .
Product Definition:
Split air conditioning is a type of air conditioning where the evaporator and condenser are separate units. This allows for more efficient cooling because the compressor does not have to work as hard. Split air conditioners are also more energy-efficient than window units.
Mono-split:
Mono-split is a type of split air conditioning system that has only one indoor unit and one outdoor unit. It is also known as single-zone or bifurcated cooling, wherein the indoor unit is directly connected to the outside environment through an opening in the roof. Mono-split systems are usually used for small residential places where there aren’t many rooms and where central air conditioning would be overkill.
Multi-split:
Multi-split is a technology that involves the division of one central heating radiator into as many separate zones as required. It allows the user to control each zone separately and has no requirement for a thermostat. The multi-splits can be mounted on the wall or ceiling, but it’s usually built into an existing structure such as a wall or shelf in order to make room for it.
Application Insights:
The other application segment includes air conditioning systems for automotive, industrial and logistics applications. The demand for the other type of split system is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to its use in various industries including automotive, marine and aerospace. In addition, the commercial sector is also anticipated to contribute significantly towards market growth over the forecast period due largely on account of growing tourism industry in countries such as India and China which are major economies in Asia Pacific region.
The residential sector accounted for more than 50% share of global revenue in 2017 owing mainly on account of rising urbanization resulting into an increase in housing construction across various regions coupled with government initiatives encouraging home ownership among consumers particularly from emerging markets such as China.
Regional Analysis:
Europe dominated the global market in 2017 owing to high demand for energy-efficient products. Moreover, technological advancements and government initiatives promoting green buildings are expected to drive the regional market over the forecast period. Asia Pacific is projected to witness significant growth due to rising disposable income, growing middle-class population, and rapid urbanization resulting in increased construction activities. Furthermore, increasing travel and tourism activities are also anticipated to fuel product demand over the next eight years. North America is estimated to be valued at USD X billion by 2030 owing a rise in R&D investments by major companies as well as an increase in consumer awareness regarding Split Air Conditioner (SAC) benefits such as saving energy cost & reducing carbon footprint along with its installation process.-HVAC industry professionals foreseeing a rise adoption of SACs across commercial spaces such as hotels & restaurants due cooling comfort they provide.-The U.S.
Growth Factors:
- Increasing demand for energy-efficient split air conditioners
- Rising disposable income of consumers in developing countries
- Proliferation of smart homes and buildings that require advanced cooling systems
- Growing popularity of ductless mini-split air conditioners among homeowners and businesses
- Emerging markets such as India and China offer significant growth potential for the split air conditioning market
Scope Of The Report
Report Attributes
Report Details
Report Title
Split Air Conditioning Market Research Report
By Type
Mono-split, Multi-split, VRF Split, Floor Ceiling Split
By Application
Residential, Commercial, Other
By Companies
Daikin, Electrolux AB, Samsung Electronics, Midea Group, Fujitsu, Hitachi, Gree Electric Appliances, Panasonic, LG Electronics, Toshiba Carrier Corporation, Mitsubishi Electric, York, Sharp Corporation, Haier Electronics Group, Hisense International
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Split Air Conditioning Market Report Segments:
The global Split Air Conditioning market is segmented on the basis of:
Types
Mono-split, Multi-split, VRF Split, Floor Ceiling Split
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
Residential, Commercial, Other
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
- Electrolux AB
- Samsung Electronics
- Midea Group
- Fujitsu
- Hitachi
- Gree Electric Appliances
- Panasonic
- LG Electronics
- Toshiba Carrier Corporation
- Mitsubishi Electric
- York
- Sharp Corporation
- Haier Electronics Group
- Hisense International
Highlights of The Split Air Conditioning 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:
- Mono-split
- Multi-split
- VRF Split
- Floor Ceiling Split
- By Application:
- Residential
- Commercial
- Other
- 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 Air Conditioning 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 air conditioning is a type of air conditioning that uses two or more units to cool an entire room. This type of air conditioning is most commonly used in large, commercial buildings.
Some of the key players operating in the split air conditioning market are Daikin, Electrolux AB, Samsung Electronics, Midea Group, Fujitsu, Hitachi, Gree Electric Appliances, Panasonic, LG Electronics, Toshiba Carrier Corporation, Mitsubishi Electric, York, Sharp Corporation, Haier Electronics Group, Hisense International.
The split air conditioning market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Split Air Conditioning Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Split Air Conditioning Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Split Air Conditioning Market - Supply Chain
4.5. Global Split Air Conditioning Market Forecast
4.5.1. Split Air Conditioning Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Split Air Conditioning Market Size (000 Units) and Y-o-Y Growth
4.5.3. Split Air Conditioning Market Absolute $ Opportunity
5. Global Split Air Conditioning Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Split Air Conditioning Market Size and Volume Forecast by Type
5.3.1. Mono-split
5.3.2. Multi-split
5.3.3. VRF Split
5.3.4. Floor Ceiling Split
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Split Air Conditioning Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Split Air Conditioning Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Split Air Conditioning Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Split Air Conditioning Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Split Air Conditioning Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Split Air Conditioning Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Split Air Conditioning Demand Share Forecast, 2019-2026
9. North America Split Air Conditioning Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Split Air Conditioning Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Split Air Conditioning Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Split Air Conditioning Market Size and Volume Forecast by Type
9.7.1. Mono-split
9.7.2. Multi-split
9.7.3. VRF Split
9.7.4. Floor Ceiling Split
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Split Air Conditioning Demand Share Forecast, 2019-2026
10. Latin America Split Air Conditioning Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Split Air Conditioning Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Split Air Conditioning Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Split Air Conditioning Market Size and Volume Forecast by Type
10.7.1. Mono-split
10.7.2. Multi-split
10.7.3. VRF Split
10.7.4. Floor Ceiling Split
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Split Air Conditioning Demand Share Forecast, 2019-2026
11. Europe Split Air Conditioning Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Split Air Conditioning Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Split Air Conditioning Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Split Air Conditioning Market Size and Volume Forecast by Type
11.7.1. Mono-split
11.7.2. Multi-split
11.7.3. VRF Split
11.7.4. Floor Ceiling Split
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth rojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Split Air Conditioning Demand Share, 2019-2026
12. Asia Pacific Split Air Conditioning Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Split Air Conditioning Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Split Air Conditioning Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Split Air Conditioning Market Size and Volume Forecast by Type
12.7.1. Mono-split
12.7.2. Multi-split
12.7.3. VRF Split
12.7.4. Floor Ceiling Split
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Split Air Conditioning Demand Share, 2019-2026
13. Middle East & Africa Split Air Conditioning Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Split Air Conditioning Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Split Air Conditioning Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Split Air Conditioning Market Size and Volume Forecast by Type
13.7.1. Mono-split
13.7.2. Multi-split
13.7.3. VRF Split
13.7.4. Floor Ceiling Split
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Split Air Conditioning Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Split Air Conditioning Market: Market Share Analysis
14.2. Split Air Conditioning Distributors and Customers
14.3. Split Air Conditioning Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daikin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Electrolux AB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Samsung Electronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Midea Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fujitsu
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gree Electric Appliances
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Panasonic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LG Electronics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba Carrier Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mitsubishi Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. York
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sharp Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Haier Electronics Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hisense International
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
