Global Split Air Conditioning System Market (2021-2026) by Type, Equipment Type, Application, Distribution Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Split Air Conditioning System Market is estimated to be USD 27.64 Bn in 2021 and is expected to reach USD 39.68 Bn by 2026, growing at a CAGR of 7.5%.

Market Dynamics

The Global Split Air Conditioning Market is driven by factors such as rising temperature conditions, increase in construction of office and smart homes and rising adoption of IoT & green technologies. Whereas the unpredictability in prices of raw materials, and expensive routine maintenance work acts as a restraint for the Split AC production and subsequent sale in the market.

Rising middle-class population & disposable income in developing countries and AC becoming a necessity rather than a luxury product provides a great opportunity for the growth of the market. Emissions leading to greenhouse gases and unpredictable electricity supply in certain parts of the world pose a challenge to it.

Market Segmentation

The Global Split Air Conditioning System Market is segmented further based on Type, Equipment Type, Application, Distribution Channel and Geography.

By Type, the market is classified into Ceiling Mounted, Duct Connected, Floor Standing, and Wall Mounted. Amongst all segments, the Wall Mounted segment is expected to grow at the highest CAGR.

By Equipment Type, the market is classified into Multi-split, Mini-split, VRF, Floor Ceiling and Other segments. Amongst all segments, the VRF segment is expected to grow at the highest CAGR.

By Application, the market is classified into Residential and Commercial segments. Amongst all, the Commercial segment is expected to contribute the highest growth.

By Distribution Channel, the market is classified into Online and Offline segments. Amongst all segments, the Offline segment is expected to grow at the highest CAGR.

By Geography, North America is projected to lead the market.

Recent Developments

1. Carrier agrees to acquire Guangdong Giwee Group, a China-based HVAC manufacturer - 19th April 2021
2. Daikin Applied and ElitAire combine HVAC service operation in Central & Southern Ohio - 8th February 2021

Company Profiles

Some of the companies covered in this report are Carrier, Blue Star Limited, Haier Inc., Daikin Industries, Ltd., Mitsubishi Electric Corporation, LG Electronics, Midea Group Co., Ltd., Nortek Global HVAC, Samsung Electronics Co., Ltd., etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Split Air Conditioning System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market