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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

  • ID: 5503482
  • Report
  • November 2021
  • Region: Global
  • 174 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Blue Star Limited
  • Daikin Industries, Ltd.
  • Fujitsu General
  • Hitachi, Ltd.
  • LG Electronics
  • Nortek Global HVAC
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
Frequently Asked Questions about the Global Split Air Conditioning System Market

What is the estimated value of the Global Split Air Conditioning System Market?

The Global Split Air Conditioning System Market was estimated to be valued at $27640.0 Million in 2021.

What is the growth rate of the Global Split Air Conditioning System Market?

The growth rate of the Global Split Air Conditioning System Market is 7.5%, with an estimated value of $39680.0 Million by 2026.

What is the forecasted size of the Global Split Air Conditioning System Market?

The Global Split Air Conditioning System Market is estimated to be worth $39680.0 Million by 2026.

Who are the key companies in the Global Split Air Conditioning System Market?

Key companies in the Global Split Air Conditioning System Market include Carrier, Blue Star Limited, Haier Inc., Daikin Industries, Ltd., Mitsubishi Electric Corporation, LG Electronics, Midea Group Co., Ltd., Nortek Global HVAC and Electrolux AB.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Blue Star Limited
  • Daikin Industries, Ltd.
  • Fujitsu General
  • Hitachi, Ltd.
  • LG Electronics
  • Nortek Global HVAC

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Rising Temperature Conditions
4.1.2 Increase in Construction of Office and Smart Homes
4.1.3 Rising Adoption of IoT & Green Technologies
4.2 Restraints
4.2.1 Unpredictability in Prices of Raw Materials
4.2.2 Expensive Routine Maintenance Work
4.3 Opportunities
4.3.1 Rising Middle-Class Population & Disposable Income in Developing Countries
4.3.2 AC’s Becoming a Necessity rather than a Luxury Product
4.4 Challenges
4.4.1 Emissions Leading to Greenhouse Gases
4.4.2 Unpredictable Electricity Supply in Certain Parts of the World
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Split Air Conditioning System Market, By Type
6.1 Introduction
6.2 Ceiling Mounted
6.3 Duct Connected
6.4 Floor Standing
6.5 Wall Mounted
7 Global Split Air Conditioning System Market, By Equipment Type
7.1 Introduction
7.2 Multi-split
7.3 Mini-split
7.4 VRF
7.5 Floor Ceiling
7.6 Others
8 Global Split Air Conditioning System Market, By Application
8.1 Introduction
8.2 Commercial
8.3 Residential
9 Global Split Air Conditioning System Market, By Distribution Channel
9.1 Introduction
9.2 Online
9.3 Offline
10 Global Split Air Conditioning System Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Chile
10.3.4 Colombia
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Spain
10.4.6 Netherlands
10.4.7 Sweden
10.4.8 Russia
10.4.9 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Indonesia
10.5.5 Malaysia
10.5.6 South Korea
10.5.7 Australia
10.5.8 Sri Lanka
10.5.9 Thailand
10.5.10 Rest of APAC
10.6 Middle-East and Africa
10.6.1 Qatar
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 United Arab Emirates
11 Competitive Landscape
11.1 IGR Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
12 Company Profiles
12.1 Carrier
12.2 Blue Star Limited
12.3 Haier Inc.
12.4 Daikin Industries, Ltd.
12.5 Mitsubishi Electric Corporation
12.6 LG Electronics
12.7 Midea Group Co., Ltd.
12.8 Nortek Global HVAC
12.9 Samsung Electronics Co., Ltd.
12.10 Electrolux AB
12.11 Fujitsu General
12.12 Panasonic Corporation
12.13 United Technologies Corp.
12.14 Hitachi, Ltd.
12.15 Trane
12.16 Sharp Corporation
12.17 Lennox International Inc.
13 Appendix
13.1 Questionnaire
Note: Product cover images may vary from those shown
  • 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.
  • Electrolux AB
  • Fujitsu General
  • Panasonic Corporation
  • United Technologies Corp.
  • Hitachi, Ltd.
  • Trane
  • Sharp Corporation
  • Lennox International Inc.
Note: Product cover images may vary from those shown