Global Split Air Conditioning Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Split Air Conditioning Systems Market report offers in-depth insights, revenue details, and other vital information regarding the global split air conditioning systems market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Split Air Conditioning Systems Market report offers insightful and detailed information regarding the various key players operating in the global split air conditioning systems market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, and acquisitions & mergers, and market footprint.
The global split air conditioning systems market report has been segmented on the basis of product type, application, distribution channel, and region.
Split Air Conditioning Systems Market Overview:
“The Split Air Conditioning Systems Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Air conditioner systems are divided into two parts including an outdoor and indoor unit. Split-system air conditioners are of two types mini-split and central systems.
Split air conditioning systems make low noise levels in comparison to window air conditioning systems.
Stringent government policies and regulations in many countries towards emission and control of greenhouse gases (GHG), and consumption of electricity.
Split air conditioning systems emit low GHG as compared to window air conditioners, which is a key factor driving the growth of the global split air conditioning market.
The growing popularity of spit air conditioners over traditional window air conditioners is boosting sales in this market.
In addition, growing requirement for residential buildings, and commercial buildings, and growing construction activities of new skyscrapers across the world due to the rising global population is fueling the demand for air conditioners, which is another factor expected to drive the growth of the global split air conditioning systems market over the forecast period.
Intense price competition in the market is influencing the profit margins of prominent players in the market.
Crunched profit margins have a direct negative impact on the revenue of key players and indirectly affect future investments and R&D activities, which may hamper the overall growth of the global split air conditioning systems market over the forecast period.
Nonetheless, prominent players are focused on improving product specifications, operating efficiency is a potential opportunity for prominent players in the global split air conditioning systems market.
The global split air conditioning systems market report has been segmented on the basis of product type, application, distribution channel, and region. On the basis of region, the global split air conditioning systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia-Pacific is a dominant market in terms of revenue in the global split air conditioning systems market and is expected to continue over the forecast period, owing to infrastructural developments, rising need for improving indoor air quality and increasing disposable income are driving demand for air conditioning unit.
The market in North America is accounted for the second-highest revenue share in the global split air conditioning systems market, owing to the recovery of the construction sector and increasing disposable income in the region.
Global Split Air Conditioning Systems Market Segmentation:
Global split air conditioning systems market segmentation, by product type:
- Floor Ceiling
Global split air conditioning systems market segmentation, by application:
Global split air conditioning systems market segmentation, by distribution channel:
- Conventional Stores
- DIY Stores
- Furniture Stores
- Company Owned Stores
Global split air conditioning systems market segmentation, by region:
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Haier Electronics Group Co., Ltd.
- Panasonic Corporation
- LG Electronics Inc.
- Daikin Industries, Ltd.
- Hitachi, Ltd.
- AB Electrolux
- Carrier Corporation
- Samsung Electronics Co., Ltd.,
- Mitsubishi Corporation
- Hisense International Co.,Ltd
- Sharp Corporation
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