Split Air Conditioning Systems Market

Split Air Conditioning Systems Market (Product: Mini Split AC, Multi-split AC, and Others (VRF); and Installation: Wall Mounted, Free Standing, and Others (Floor Ceiling)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Split Air Conditioning Systems Market Outlook 2031

  • The global industry was valued at US$ 137.3 Bn in 2022
  • It is estimated to grow at a CAGR of 4.4% from 2023 to 2031 and reach US$ 210.4 Bn by the end of 2031

Analysts’ Viewpoint

Increase in preference for energy saving solutions and growth in high-rise buildings and smart homes along with renovation and remodeling of existing structures are fueling the demand for split air conditioning systems. Silent operation, air filtration, usage of these systems in both commercial and residential setups, self-cleaning, and other beneficial factors are boosting the split air conditioning systems market size.

Technological advancements, such as smart thermostat, inverter technology, and remotely operated features are also fueling the split air conditioning systems market demand.

Manufacturers are focusing on developing compact designs, energy-efficient air conditioners, and distinct split-air conditioning systems, which are driving the split air conditioning systems industry growth.

Split Air Conditioning Systems Market

Market Introduction

An air conditioning system, also called a split system, consists of two independent units, one indoor and another outdoor, which are connected by pipes or tubes. The outdoor unit contains the compressor, condenser coil, and a fan. The compressor is responsible for compressing the refrigerant, while the condenser coil and fan work together to release the heat absorbed from the indoor air.

The indoor unit consists of an evaporator coil and a fan, which work together to cool the air as it is drawn over the coil. The two units are connected by a refrigerant line, which carry the refrigerant between the two units. The refrigerant is responsible for absorbing heat from the indoor air and releasing it outside, resulting in a cooler indoor environment.

Depending on the type of external unit, split system air conditioning can either be heat pump air conditioner or air conditioner. Both residential and commercial applications choose split air conditioning systems as they are often more efficient and quieter than window units, and can provide better control over the temperature and airflow in a space. They are also more discreet, as the outdoor unit can be placed out of sight. However, they can be more expensive to install than window units, and may require professional installation.

Growth in Demand for Energy-efficient Solutions

Rapid urbanization, growth in urban population, change in lifestyles, and hot climatic conditions in emerging economies are the growth frontiers for the split air conditioning systems market. Demand for air conditioning systems is expected to increase as more people are moving into urban areas and seeking a high standard of living. As disposable income levels rise, consumers are willing to spend more money on comfort and convenience, including air conditioning systems.

Consumers are looking for air conditioning systems that are more energy-efficient owing to the growing concerns about climate change and rising energy costs. These systems are more energy efficient than traditional window/wall-mounted or central air conditioning units, which makes them increasingly environment-friendly and highly energy efficiency, thus driving the split air conditioning systems market growth. They also consist of filters that can remove pollutants and allergens from the air, which is important for people with respiratory problems.

Rise in Technological Innovations

Advancements in technology is leading to the development of more efficient and advanced split air conditioning systems. Innovations in the field over the years are likely to offer lucrative split air conditioning systems market opportunities.

Inverter technology is a recent innovation in split air conditioning systems that help improve energy efficiency. This technology allows the compressor to operate at varying speeds, depending on the cooling needs of the room, rather than simply turning on and off. This helps reduce energy consumption and makes the system more efficient.

Smart thermostat is another technology, which is also becoming increasingly popular in split air conditioning systems. This system allows users to control the temperature and settings of their air conditioning system remotely through a smartphone app or voice command, which is boosting the split air conditioning systems market value.

Some of these systems include self-cleaning features, which help lessen the buildup of mold and other bacteria, reducing the need for maintenance and cleaning.

Manufacturers are concentrating on developing portable & compact designs, energy-efficient air conditioners, and distinct split-air conditioning systems for the residential and commercial sectors. These are some of the emerging trends of the split air conditioning systems market in response to the shifting demands of consumers.

Multi-split ACs Gaining Traction

The global split air conditioning systems market segmentation on the basis of product, includes mini split air conditioners, multi-split air conditioners, and others (VRF). The multi-split AC segment is estimated to lead the global market in the next few years as it connects numerous interior units to a single outdoor unit. In this system, each indoor unit can be controlled independently, providing zoned cooling to different areas or rooms of a building. The system allows each room or zone to have its own temperature settings. This can lead to increased energy efficiency, as it allows only the rooms that are in use to cool rather than the entire building.

Multi-split air conditioner systems are commonly used in buildings where it is difficult or impossible to install ductwork, such as old homes, apartments, or commercial spaces.

Surge in Demand for Split Air Conditioning Systems in Residential Sector

The residential sector is more likely to lead the global split air conditioning systems industry during the forecast period in terms of end-use, due to rise in number of households across every region. According to estimates, one of the most necessary consumer commodities that majority of households possess is split air conditioning systems.

Adoption of this system has increased owing to changes in lifestyle of consumers, increase in disposable income, and growth in smart homes, thus creating scope for the split air conditioning systems market in the residential sector compared to the commercial sector.

Regional Outlook

According to the split air conditioning systems market forecast analysis, Asia Pacific is likely to dominate the global market during the forecast period, as it is a manufacturing hub for electronics and consumer goods. Rise in residential buildings and hot climatic conditions are promoting the demand for split air conditioning systems across the region.

Rise in disposable income and change in lifestyles of consumers in numerous developing nations in Asia Pacific are leading to the adoption of new, innovative, and trendy solutions. Moreover, a growing middle-class and urban population is also expected to drive the split air conditioning systems market share across the region.

Analysis of Key Players

The market is fragmented due to the presence of many local and global players. According to the market analysis, competition is expected to intensify in the next few years due to the entry of local players. Various marketing strategies are adopted by companies which is expected to lead to split air conditioning systems market development in the near future.

Observing the split air conditioning systems market trends, system suppliers, vendors, and manufacturers are focusing on product development. They are striving to meet the demands of customers as per recent developments in the split air conditioning systems market by introducing more efficient systems at reasonable price.

Daikin Industries Ltd, GREE Electric Appliances Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Haier Group Corporation, LG Electronics Inc., Toshiba Corporation., Lennox International Inc., Voltas Ltd, and Mitsubishi Electric Corporation are some of the leading players in the split air conditioning systems market.

Key Market Developments

  • On April 7, 2023, Voltas Ltd announced its new range of convertible inverter ACs with built-in air purification systems. The company has extended its AC portfolio with the launch of a new range of ACs in India. The new air conditioner, which is designed to purify the air in the room while also cooling it, has a HEPA filter, a PM 1.0 sensor, and an AQI indication.
  • On February 18, 2022, LG Electronics Inc. announced the launch of AI Dual Inverter air conditioners and expanded its product line-up. The latest air conditioner, powered by AI, comes with multiple in-built sensors and dual rotary compressor technology, which offers better cooling. The all-new 2022 range of LG air conditioners is equipped with an anti-virus protection filter.

Key companies have been profiled in the split air conditioning systems market report based on parameters, such as company overview, financial overview, product portfolio, business segments, business strategies, and recent developments.

Market Snapshot

Attribute

Detail

Market Value in 2022 (Base Year)

US$ 137.3 Bn

Market Forecast Value in 2031

US$ 210.4 Bn

Growth Rate (CAGR)

4.4%

Forecast Period

2023-2031

Quantitative Units

US$ Bn for Value and Million Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, regulatory analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and brand analysis.

Competition Landscape

  • Market Player - Competition Dashboard and Revenue Share Analysis 2022
  • Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, and Strategy & Business Overview)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Market Segmentation

  • Product
    • Mini Split AC
    • Multi-split AC
    • Others (VRF)
  • Installation
    • Wall Mounted
    • Free Standing
    • Others (Floor Ceiling)
  • Price
    • Low
    • Medium
    • High
  • Capacity
    • Less Than 1 Ton
    • 1 to 1.5 Tons
    • 1.5 to 2.0 Tons
    • More Than 2.0 Tons
  • End-use
    • Residential
    • Commercial
  • Distribution Channel
    • Online
      • Company-owned Websites
      • E-commerce Websites
    • Offline
      • Specialty Stores
      • Supermarkets & Hypermarkets
      • Factory Outlets
      • Other Retail Stores

Companies Profiled

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

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

How big was the global split air conditioning systems market in 2022?

It was valued at US$ 137.3 Bn in 2022

How big is the split air conditioning systems industry expected to be by 2031?

It is estimated to reach US$ 210.4 Bn by 2031

How much CAGR is the split air conditioning systems sector projected to register during the forecast period?

It is likely to grow at a CAGR of 4.4% from 2023 to 2031

What are the key factors driving the demand for split air conditioning systems?

Growth in demand for energy-efficient solutions and increase in high-rise buildings and smart homes

Which product segment holds the largest share in the split air conditioning systems business?

The multi-split AC segment holds a major share

Which region is more attractive for split air conditioning systems vendors?

Asia Pacific is an attractive region for vendors

Who are the prominent split air conditioning systems manufacturers?

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

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

    5.1. Introduction

    5.2. Market Dynamics

        5.2.1. Drivers

        5.2.2. Restraints

        5.2.3. Opportunities

    5.3. Key Trends Analysis

        5.3.1. Demand Side Analysis

        5.3.2. Supply Side Analysis

    5.4. Raw Price Analysis

    5.5. Key Market Indicators

    5.6. Porter’s Five Forces Analysis

    5.7. Industry SWOT Analysis

    5.8. Value Chain Analysis

    5.9. Global Split Air Conditioning Systems Market Analysis and Forecast, 2017 - 2031

        5.9.1. Market Value Projections (US$ Bn)

        5.9.2. Market Volume Projections (Million Units)

6. Global Split Air Conditioning Systems Market Analysis and Forecast, By Product

    6.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

        6.1.1. Mini Split AC

        6.1.2. Multi-split AC

        6.1.3. Others

    6.2. Incremental Opportunity, By Product

7. Global Split Air Conditioning Systems Market Analysis and Forecast, By Installation

    7.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

        7.1.1. Wall Mounted

        7.1.2. Free Standing

        7.1.3. Others

    7.2. Incremental Opportunity, By Installation

8. Global Split Air Conditioning Systems Market Analysis and Forecast, By Price

    8.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

        8.1.1. Low

        8.1.2. Medium

        8.1.3. High

    8.2. Incremental Opportunity, By Price

9. Global Split Air Conditioning Systems Market Analysis and Forecast, By Capacity

    9.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

        9.1.1. Less Than 1 Ton

        9.1.2. 1 to 1.5 Tons

        9.1.3. 1.5 to 2.0 Tons

        9.1.4. More Than 2.0 Tons

    9.2. Incremental Opportunity, By Capacity

10. Global Split Air Conditioning Systems Market Analysis and Forecast, By End-use

    10.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

        10.1.1. Residential

        10.1.2. Commercial

    10.2. Incremental Opportunity, By End-use

11. Global Split Air Conditioning Systems Market Analysis and Forecast, By Distribution Channel

    11.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

        11.1.1. Online

            11.1.1.1. Company-owned Websites

            11.1.1.2. E-commerce Websites

        11.1.2. Offline

            11.1.2.1. Specialty Stores

            11.1.2.2. Supermarkets & Hypermarkets

            11.1.2.3. Factory Outlets

            11.1.2.4. Other Retail Stores

    11.2. Incremental Opportunity, By Distribution Channel

12. Global Split Air Conditioning Systems Market Analysis and Forecast, By Region

    12.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Region, 2017 - 2031

        12.1.1. North America

        12.1.2. Europe

        12.1.3. Asia Pacific

        12.1.4. Middle East & Africa

        12.1.5. South America

    12.2. Incremental Opportunity, By Region

13. North America Split Air Conditioning Systems Market Analysis and Forecast

    13.1. Regional Snapshot

    13.2. Price Trend Analysis

        13.2.1. Weighted Average Price

    13.3. Key Trends Analysis

        13.3.1. Demand Side Analysis

        13.3.2. Supply Side Analysis

    13.4. Brand Analysis

    13.5. Consumer Buying Behavior Analysis

    13.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

        13.6.1. Mini Split AC

        13.6.2. Multi-split AC

        13.6.3. Others

    13.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

        13.7.1. Wall Mounted

        13.7.2. Free Standing

        13.7.3. Others

    13.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

        13.8.1. Low

        13.8.2. Medium

        13.8.3. High

    13.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

        13.9.1. Less Than 1 Ton

        13.9.2. 1 to 1.5 Tons

        13.9.3. 1.5 to 2.0 Tons

        13.9.4. More Than 2.0 Tons

    13.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

        13.10.1. Residential

        13.10.2. Commercial

    13.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

        13.11.1. Online

            13.11.1.1. Company-owned Websites

            13.11.1.2. E-commerce Websites

        13.11.2. Offline

            13.11.2.1. Specialty Stores

            13.11.2.2. Supermarkets & Hypermarkets

            13.11.2.3. Factory Outlets

            13.11.2.4. Other Retail Stores

    13.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2027

        13.12.1. U.S.

        13.12.2. Canada

        13.12.3. Rest of North America

    13.13. Incremental Opportunity Analysis

14. Europe Split Air Conditioning Systems Market Analysis and Forecast

    14.1. Regional Snapshot

    14.2. Price Trend Analysis

        14.2.1. Weighted Average Price

    14.3. Key Trends Analysis

        14.3.1. Demand Side Analysis

        14.3.2. Supply Side Analysis

    14.4. Brand Analysis

    14.5. Consumer Buying Behavior Analysis

    14.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

        14.6.1. Mini Split AC

        14.6.2. Multi-split AC

        14.6.3. Others

    14.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

        14.7.1. Wall Mounted

        14.7.2. Free Standing

        14.7.3. Others

    14.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

        14.8.1. Low

        14.8.2. Medium

        14.8.3. High

    14.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

        14.9.1. Less Than 1 Ton

        14.9.2. 1 to 1.5 Tons

        14.9.3. 1.5 to 2.0 Tons

        14.9.4. More Than 2.0 Tons

    14.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

        14.10.1. Residential

        14.10.2. Commercial

    14.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

        14.11.1. Online

            14.11.1.1. Company-owned Websites

            14.11.1.2. E-commerce Websites

        14.11.2. Offline

            14.11.2.1. Specialty Stores

            14.11.2.2. Supermarkets & Hypermarkets

            14.11.2.3. Factory Outlets

            14.11.2.4. Other Retail Stores

    14.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

        14.12.1. U.K.

        14.12.2. Germany

        14.12.3. France

        14.12.4. Rest of Europe

    14.13. Incremental Opportunity Analysis

15. Asia Pacific Split Air Conditioning Systems Market Analysis and Forecast

    15.1. Regional Snapshot

    15.2. Price Trend Analysis

        15.2.1. Weighted Average Price

    15.3. Key Trends Analysis

        15.3.1. Demand Side Analysis

        15.3.2. Supply Side Analysis

    15.4. Brand Analysis

    15.5. Consumer Buying Behavior Analysis

    15.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

        15.6.1. Mini Split AC

        15.6.2. Multi-split AC

        15.6.3. Others

    15.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

        15.7.1. Wall Mounted

        15.7.2. Free Standing

        15.7.3. Others

    15.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

        15.8.1. Low

        15.8.2. Medium

        15.8.3. High

    15.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

        15.9.1. Less Than 1 Ton

        15.9.2. 1 to 1.5 Tons

        15.9.3. 1.5 to 2.0 Tons

        15.9.4. More Than 2.0 Tons

    15.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

        15.10.1. Residential

        15.10.2. Commercial

    15.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

        15.11.1. Online

            15.11.1.1. Company-owned Websites

            15.11.1.2. E-commerce Websites

        15.11.2. Offline

            15.11.2.1. Specialty Stores

            15.11.2.2. Supermarkets & Hypermarkets

            15.11.2.3. Factory Outlets

            15.11.2.4. Other Retail Stores

    15.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

        15.12.1. China

        15.12.2. India

        15.12.3. Japan

        15.12.4. Rest of Asia Pacific

    15.13. Incremental Opportunity Analysis

16. Middle East & Africa Split Air Conditioning Systems Market Analysis and Forecast

    16.1. Regional Snapshot

    16.2. Price Trend Analysis

        16.2.1. Weighted Average Price

    16.3. Key Trends Analysis

        16.3.1. Demand Side Analysis

        16.3.2. Supply Side Analysis

    16.4. Brand Analysis

    16.5. Consumer Buying Behavior Analysis

    16.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

        16.6.1. Mini Split AC

        16.6.2. Multi-split AC

        16.6.3. Others

    16.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

        16.7.1. Wall Mounted

        16.7.2. Free Standing

        16.7.3. Others

    16.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

        16.8.1. Low

        16.8.2. Medium

        16.8.3. High

    16.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

        16.9.1. Less Than 1 Ton

        16.9.2. 1 to 1.5 Tons

        16.9.3. 1.5 to 2.0 Tons

        16.9.4. More Than 2.0 Tons

    16.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

        16.10.1. Residential

        16.10.2. Commercial

    16.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

        16.11.1. Online

            16.11.1.1. Company-owned Websites

            16.11.1.2. E-commerce Websites

        16.11.2. Offline

            16.11.2.1. Specialty Stores

            16.11.2.2. Supermarkets & Hypermarkets

            16.11.2.3. Factory Outlets

            16.11.2.4. Other Retail Stores

    16.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

        16.12.1. GCC

        16.12.2. South Africa

        16.12.3. Rest of Middle East & Africa

    16.13. Incremental Opportunity Analysis

17. South America Split Air Conditioning Systems Market Analysis and Forecast

    17.1. Regional Snapshot

    17.2. Price Trend Analysis

        17.2.1. Weighted Average Price

    17.3. Key Trends Analysis

        17.3.1. Demand Side Analysis

        17.3.2. Supply Side Analysis

    17.4. Brand Analysis

    17.5. Consumer Buying Behavior Analysis

    17.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

        17.6.1. Mini Split AC

        17.6.2. Multi-split AC

        17.6.3. Others

    17.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

        17.7.1. Wall Mounted

        17.7.2. Free Standing

        17.7.3. Others

    17.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

        17.8.1. Low

        17.8.2. Medium

        17.8.3. High

    17.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

        17.9.1. Less Than 1 Ton

        17.9.2. 1 to 1.5 Tons

        17.9.3. 1.5 to 2.0 Tons

        17.9.4. More Than 2.0 Tons

    17.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

        17.10.1. Residential

        17.10.2. Commercial

    17.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

        17.11.1. Online

            17.11.1.1. Company-owned Websites

            17.11.1.2. E-commerce Websites

        17.11.2. Offline

            17.11.2.1. Specialty Stores

            17.11.2.2. Supermarkets & Hypermarkets

            17.11.2.3. Factory Outlets

            17.11.2.4. Other Retail Stores

    17.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

        17.12.1. Brazil

        17.12.2. Rest of South America

    17.13. Incremental Opportunity Analysis

18. Competition Landscape

    18.1. Market Player - Competition Dashboard

    18.2. Market Share Analysis - 2022 (%)

    18.3. Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

        18.3.1. Daikin Industries, Ltd

            18.3.1.1. Company Overview

            18.3.1.2. Sales Area/Geographical Presence

            18.3.1.3. Revenue

            18.3.1.4. Strategy & Business Overview

        18.3.2. GREE Electric Appliances Inc.

            18.3.2.1. Company Overview

            18.3.2.2. Sales Area/Geographical Presence

            18.3.2.3. Revenue

            18.3.2.4. Strategy & Business Overview

        18.3.3. Panasonic Corporation

            18.3.3.1. Company Overview

            18.3.3.2. Sales Area/Geographical Presence

            18.3.3.3. Revenue

            18.3.3.4. Strategy & Business Overview

        18.3.4. Samsung Electronics Co.Ltd.

            18.3.4.1. Company Overview

            18.3.4.2. Sales Area/Geographical Presence

            18.3.4.3. Revenue

            18.3.4.4. Strategy & Business Overview

        18.3.5. Haier Group Corporation

            18.3.5.1. Company Overview

            18.3.5.2. Sales Area/Geographical Presence

            18.3.5.3. Revenue

            18.3.5.4. Strategy & Business Overview

        18.3.6. LG Electronics Inc.

            18.3.6.1. Company Overview

            18.3.6.2. Sales Area/Geographical Presence

            18.3.6.3. Revenue

            18.3.6.4. Strategy & Business Overview

        18.3.7. Toshiba Corporation.

            18.3.7.1. Company Overview

            18.3.7.2. Sales Area/Geographical Presence

            18.3.7.3. Revenue

            18.3.7.4. Strategy & Business Overview

        18.3.8. Lennox International Inc.

            18.3.8.1. Company Overview

            18.3.8.2. Sales Area/Geographical Presence

            18.3.8.3. Revenue

            18.3.8.4. Strategy & Business Overview

        18.3.9. Voltas Ltd

            18.3.9.1. Company Overview

            18.3.9.2. Sales Area/Geographical Presence

            18.3.9.3. Revenue

            18.3.9.4. Strategy & Business Overview

        18.3.10. Mitsubishi Electric Corporation.

            18.3.10.1. Company Overview

            18.3.10.2. Sales Area/Geographical Presence

            18.3.10.3. Revenue

            18.3.10.4. Strategy & Business Overview

19. Go to Market Strategy

    19.1. Identification of Potential Market Spaces

        19.1.1. Product

        19.1.2. Installation

        19.1.3. Price

        19.1.4. Capacity

        19.1.5. End-use

        19.1.6. Distribution Channel

        19.1.7. Region

    19.2. Understanding the Procurement Process of End-Users

    19.3. Preferred Sales & Marketing Strategy

List of Tables

Table 1: Global Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

Table 2: Global Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

Table 3: Global Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

Table 4: Global Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

Table 5: Global Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

Table 6: Global Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

Table 7: Global Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

Table 8: Global Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

Table 9: Global Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

Table 10: Global Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

Table 11: Global Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

Table 12: Global Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

Table 13: Global Split Air Conditioning Systems Market, by Region, Million Units, 2017-2031

Table 14: Global Split Air Conditioning Systems Market, by Region, US$ Bn 2017-2031

Table 15: North America Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

Table 16: North America Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

Table 17: North America Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

Table 18: North America Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

Table 19: North America Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

Table 20: North America Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

Table 21: North America Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

Table 22: North America Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

Table 23: North America Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

Table 24: North America Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

Table 25: North America Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

Table 26: North America Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

Table 27: Europe Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

Table 28: Europe Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

Table 29: Europe Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

Table 30: Europe Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

Table 31: Europe Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

Table 32: Europe Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

Table 33: Europe Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

Table 34: Europe Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

Table 35: Europe Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

Table 36: Europe Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

Table 37: Europe Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

Table 38: Europe Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

Table 39: Asia Pacific Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

Table 40: Asia Pacific Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

Table 41: Asia Pacific Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

Table 42: Asia Pacific Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

Table 43: Asia Pacific Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

Table 44: Asia Pacific Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

Table 45: Asia Pacific Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

Table 46: Asia Pacific Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

Table 47: Asia Pacific Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

Table 48: Asia Pacific Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

Table 49: Asia Pacific Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

Table 50: Asia Pacific Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

Table 51: Middle East & Africa Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

Table 52: Middle East & Africa Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

Table 53: Middle East & Africa Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

Table 54: Middle East & Africa Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

Table 55: Middle East & Africa Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

Table 56: Middle East & Africa Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

Table 57: Middle East & Africa Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

Table 58: Middle East & Africa Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

Table 59: Middle East & Africa Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

Table 60: Middle East & Africa Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

Table 61: Middle East & Africa Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

Table 62: Middle East & Africa Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

Table 63: South America Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

Table 64: South America Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

Table 65: South America Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

Table 66: South America Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

Table 67: South America Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

Table 68: South America Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

Table 69: South America Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

Table 70: South America Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

Table 71: South America Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

Table 72: South America Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

Table 73: South America Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

Table 74: South America Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

List of Figures

Figure 1: Global Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

Figure 2: Global Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

Figure 3: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

Figure 4: Global Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

Figure 5: Global Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

Figure 6: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

Figure 7: Global Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

Figure 8: Global Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

Figure 9: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

Figure 10: Global Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

Figure 11: Global Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

Figure 12: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

Figure 13: Global Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

Figure 14: Global Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

Figure 15: Global Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

Figure 16: Global Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

Figure 17: Global Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

Figure 18: Global Split Air Conditioning Systems Market Incremental Opportunity, by Distribution Channel, US$ Bn 2017-2031

Figure 19: Global Split Air Conditioning Systems Market Projections, by Region, Million Units, 2017-2031

Figure 20: Global Split Air Conditioning Systems Market Projections, by Region, US$ Bn 2017-2031

Figure 21: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Region, US$ Bn 2023-2031

Figure 22: North America Split Air Conditioning Systems Market Projections, by Product, Million Units, 2023-2031

Figure 23: North America Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2023-2031

Figure 24: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

Figure 25: North America Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

Figure 26: North America Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

Figure 27: North America Split Air Conditioning Systems Market Incremental Opportunity, by Installation, US$ Bn 2017-2031

Figure 28: North America Split Air Conditioning Systems Market Projections, by Price, Million Units 2017-2031

Figure 29: North America Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

Figure 30: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

Figure 31: North America Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

Figure 32: North America Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

Figure 33: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

Figure 34: North America Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

Figure 35: North America Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

Figure 36: North America Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

Figure 37: North America Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

Figure 38: North America Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

Figure 39: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

Figure 40: Europe Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

Figure 41: Europe Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

Figure 42: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

Figure 43: Europe Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

Figure 44: Europe Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

Figure 45: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

Figure 46: Europe Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

Figure 47: Europe Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

Figure 48: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

Figure 49: Europe Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

Figure 50: Europe Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

Figure 51: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

Figure 52: Europe Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

Figure 53: Europe Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

Figure 54: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

Figure 55: Europe Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

Figure 56: Europe Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

Figure 57: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

Figure 58: Asia Pacific Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

Figure 59: Asia Pacific Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

Figure 60: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

Figure 61: Asia Pacific Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

Figure 62: Asia Pacific Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

Figure 63: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

Figure 64: Asia Pacific Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

Figure 65: Asia Pacific Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

Figure 66: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

Figure 67: Asia Pacific Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

Figure 68: Asia Pacific Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

Figure 69: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

Figure 70: Asia Pacific Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

Figure 71: Asia Pacific Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

Figure 72: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

Figure 73: Asia Pacific Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

Figure 74: Asia Pacific Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

Figure 75: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

Figure 76: Middle East & Africa Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

Figure 77: Middle East & Africa Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

Figure 78: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

Figure 79: Middle East & Africa Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

Figure 80: Middle East & Africa Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

Figure 81: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

Figure 82: Middle East & Africa Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

Figure 83: Middle East & Africa Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

Figure 84: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

Figure 85: Middle East & Africa Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

Figure 86: Middle East & Africa Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

Figure 87: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

Figure 88: Middle East & Africa Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

Figure 89: Middle East & Africa Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

Figure 90: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

Figure 91: Middle East & Africa Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

Figure 92: Middle East & Africa Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

Figure 93: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

Figure 94: South America Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

Figure 95: South America Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

Figure 96: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

Figure 97: South America Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

Figure 98: South America Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

Figure 99: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

Figure 100: South America Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

Figure 101: South America Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

Figure 102: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

Figure 103: South America Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

Figure 104: South America Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

Figure 105: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

Figure 106: South America Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

Figure 107: South America Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

Figure 108: South America Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

Figure 109: South America Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

Figure 110: South America Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

Figure 111: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

Copyright © Transparency Market Research, Inc. All Rights reserved