Split Air Conditioning Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The demand for Room Air Conditioners (RAC), including large and small-sized split type ACs, as well as Commercial Air Conditioners, is increasing year on year due to an increase in the middle class population, an increase in the number of houses, buildings, and other structures, and an increase in the number of houses, buildings, and other structures.

MARKET DYNAMICS

One of the key drivers driving split air conditioning systems' market share is excess desire for energy savings. Demanding government directives for energy-saving models resulted in the replacement of current air conditioning systems with energy-saving systems in developed nations across North America and Europe. Split air conditioning systems' power usage has increased in recent years; as a result, producers of split air conditioning systems are approving green and modern technologies, resulting in energy-saving systems. The split air conditioning system will be driven by the increased use of green technology and the rise in the number of smart homes.

MARKET SCOPE

The "Global Split Air Conditioning Market Analysis to 2031" is a specialized and in-depth study of the split air conditioning market with a special focus on the global market trend analysis. The report aims to provide an overview of split air conditioning market with detailed market segmentation by type, material, end-users, and geography. The global split air conditioning market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading split air conditioning market players and offers key trends and opportunities in the split air conditioning market.

MARKET SEGMENTATION

The global Split Air Conditioning market is segmented on the basis of product type, installation, capacity, end use and distribution channel. On the basis of product type the market is segmented into mini-split and multi-split. Based on installation the market is segmented into wall mounted and freestanding. Similarly, on the basis of capacity the market is segmented into less than 1 Ton, 1 Ton to 1.5 Ton, 1.5 Ton to 2 Ton, and More than 2 Ton. On the basis of end use the market is segmented into residential and commercial. Based on distribution channel the market is segmented into online and offline.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global split air conditioning market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The split air conditioning market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting split air conditioning market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the split air conditioning market in these regions.

Split Air Conditioning Market Report Analysis

Split Air Conditioning Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Daikin Industries, Ltd.
• GREE Electric Appliances Inc.
• Haier Group Corporation
• Lennox International Inc.
• LG Electronics Inc.
• Mitsubishi Electric Corporation
• Panasonic Corporation
• Samsung Electronics Co., Ltd.
• Toshiba Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Mini-Split
• Multi-Split

By Installation

• Wall Mounted
• Freestanding

By Capacity

• Less than 1 Ton
• 1 Ton to 1.5 Ton
• 1.5 Ton to 2 Ton
• More than 2 Ton

By End Use

• Residential
• Commercial

MARKET PLAYERS

The reports cover key developments in the split air conditioning market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from split air conditioning market are anticipated to lucrative growth opportunities in the future with the rising demand for split air conditioning market. Below mentioned is the list of few companies engaged in the split air conditioning market.

The report also includes the profiles of key split air conditioning market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Daikin Industries, Ltd.
  
•   GREE Electric Appliances Inc.
  
•   Haier Group Corporation
  
•   Lennox International Inc.
  
•   LG Electronics Inc.
  
•   Mitsubishi Electric Corporation
  
•   Panasonic Corporation
  
•   Samsung Electronics Co., Ltd.
  
•   Toshiba Corporation
  
•   Voltas Limited
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Split Air Conditioning Market Report Scope