Market Research Logo

Global Split Air Conditioning Market 2016-2020

Global Split Air Conditioning Market 2016-2020

Market outlook of the split air conditioning market

Technavio's market research analyst predicts the global split air conditioning market to grow steadily at a CAGR of nearly 6% by 2020.  Rising global population coupled with the high demand for air conditioners from residential and commercial buildings will foster the prospects for market growth during the predicted period.

The recent increase in construction activities is the key driver for the growth of this market. Recently, it has been observed that construction activities in both the residential and commercial markets have grown significantly owing to the rapid increase in urbanization, especially in the developing economies. The augmented sale of residential buildings and commercial buildings, and the construction of new skyscrapers across the world will bolster the demand for air conditioners during the forecast period.

Product-based segmentation of the split air conditioning market

Unducted standard
VRF
US ducted
Ducted standard
Technavio market research analysts have estimated the unducted standard split AC segment to account for more than 70% of the total market share by the end of 2020. This AC's high-energy efficiency coupled with its ease of installation will result in its augmented adoption during the forecast period.

Geographical segmentation and analysis of the split air conditioning market

Americas
APAC
EMEA
APAC accounts for 57% of the market, with countries like China and India being the largest contributors. The market in this region is expected to grow at a CAGR of 7% during the forecast period. Much of this region's growth can be attributed to the strong focus on infrastructural development, which results in the high demand for air conditioning units. Additionally, the rising population pressure in this geography will lead to the high demand for residential buildings, which in turn will hike the demand for split ACs during the forecast period.

Competitive landscape and key vendors

The presence of well-established international, as well as local players, makes the global split AC market highly fragmented and competitive. The competitive environment of this market is expected to intensify in the future with an increase in R&D innovations and integration of IoT devices with the split ACs.

The top vendors in the market include -

Daikin
Gree
Midea
Mitsubishi Electric
Toshiba Carrier
Other prominent vendors in the market include Airwell Group, Dwyer Instruments,  Haier Consumer Electronics Group, Lennox International, Samsung Electronics, Siemens, Toshiba, Voltas, Whirlpool, Ingersoll-Rand, Johnson Controls, LG Electronics, and Panasonic.

Key questions answered in the report include

What will the market size and the growth rate be in 2020?
What are the key factors driving the global the split air conditioning market?
What are the key market trends impacting the growth of the global split air conditioning market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global split air conditioning market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global split air conditioning market?
Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global Residential Air Conditioners Market 2015-2019
Non-Residential Air Conditioners Market in Europe 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Split Air Conditioning Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Split Air Conditioning Market: Daikin, Gree, Midea, Mitsubishi Electric and Toshiba Carrier

Other Prominent Vendors in the market are: Airwell Group, Dwyer Instruments, Haier Consumer Electronics Group, Lennox International, Samsung Electronics, Siemens, Toshiba, Voltas, Whirlpool, Ingersoll-Rand, Johnson Controls, LG Electronics, and Panasonic.

Commenting on the report, an analyst from Technavio’s team said: “Cost-consciousness and environmental awareness are the key factors that influence consumer preferences and spending. This has compelled market vendors to introduce more energy-efficient models, thereby facilitating the growth of the market. As poor indoor air quality causes health hazards, consumers are increasingly opting for ACs that can alter room temperature, as well as regulate and enhance the air quality in a room.”

According to the report, construction activities in both the residential and commercial markets have grown significantly after the recovery of the global economy from the 2008 recession. The sales of homes and commercial buildings and the construction of new skyscrapers worldwide have led to an increase in the demand for ACs. In the Americas, the revival of Mexico’s housing sector has fueled the demand for residential ACs.

Further, the report states that the global split AC market is very capital intensive and price sensitive. Any fluctuation in the prices of raw materials will lead to a rise in manufacturing costs, affecting the profit margins of vendors.

Companies Mentioned

Daikin, Gree, Midea, Mitsubishi Electric, Toshiba Carrier, Airwell Group, Dwyer Instruments, Haier Consumer Electronics Group, Lennox International, Samsung Electronics, Siemens, Toshiba, Voltas, Whirlpool, Ingersoll-Rand, Johnson Controls, LG Electronics, and Panasonic.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of global split AC market
      • Table Comparison of global split AC market with other segments (by revenue) 2015-2020
      • Table Comparison of global split AC market with other segments (by volume) 2015-2020
      • Table Growth rate comparison of demand units of AC and split AC market
      • Table Global split AC market 2015-2020 ($ billions)
      • Table Global split AC market 2015-2020 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market segmentation by product 2015-2020
    • Global unducted standard split AC market
      • Table Global unducted standard split AC market 2015-2020 ($ billions)
    • Global VRF AC market
      • Table Global VRF market 2015-2020 ($ billions)
    • Global US ducted split AC market
      • Table Global US ducted split market 2015-2020 ($ billions)
    • Global ducted standard split AC market
      • Table Global ducted standard split AC market 2015-2020 ($ billions)
  • Market segmentation by region
    • Table Market segmentation by region 2015-2020 (by revenue)
    • Table Market segmentation by region 2015-2020 (by volume)
    • Split AC market in APAC
      • Table Split AC market in APAC 2015-2020 ($ billions)
      • Table Split AC market in APAC 2015-2020 (millions of units)
      • Table Construction market in APAC 2014-2020 ($ trillions)
    • Split AC market in the Americas
      • Table Split AC market in the Americas 2015-2020 ($ billions)
      • Table Split AC market in Americas 2015-2020 (millions of units)
    • Split AC market in EMEA
      • Table Split AC market in EMEA 2015-2020 ($ billions)
      • Table Split AC market in EMEA 2015-2020 (millions of units)
  • Market drivers
    • Increase in construction activities
      • Table Privately owned housing units in the US 2012-2015 (thousands)
      • Table Residential construction market in China 2015-2020 ($ billions)
    • Demand for energy-efficient ACs
    • Rising per capita income in APAC
      • Table Rate of increase in per capita income of APAC 2013-2020
    • Replacement of old AC units
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Stringent regulations
      • Table Energy efficiency ratios
      • Table Overview of best available technology (BAT) EER in EU market
    • Fluctuating prices of raw materials
      • Table Price trend of aluminum in 2014 ($ per ton)
      • Table Price trend of copper 2014-2015 ($ per tons)
    • Intense competition
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Product enhancement
    • Growing use of energy-saving inverter ACs
    • Rising demand for turnkey solutions
    • Increased demand from older population
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Daikin Industries
      • Table Daikin Industries: Business segmentation by revenue 2015
      • Table Daikin Industries: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Daikin Industries: Geographical segmentation by revenue 2015
    • Gree Electric Appliances
      • Table Gree Electric Appliances: Business segmentation by revenue 2014
      • Table Gree Electric Appliances: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Gree Electric Appliances: Geographical segmentation by revenue 2014
    • Midea
      • Table Midea: Business segmentation 2014 by revenue
      • Table Midea: Product segmentation by revenue by 2014
      • Table Midea: Geographical segmentation by revenue 2014
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Business segmentation by revenue 2015
      • Table Mitsubishi Electric: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Mitsubishi Electric: Geographical segmentation by revenue 2015
    • Toshiba Carrier
      • Table Toshiba Carrier: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report