Machinery & Equipment Desk

Split Air Conditioning Systems Market Insights, Forecast to 2019 Analysis by Application, Size, Production, Market Share, Consumption, Trends and Forecast 2026

Pressmeddelande   •   Mar 17, 2020 18:59 CET

The main objective of this report is to define, describe, and forecast the global Mineral Feed market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in Mineral Feed market.

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The global split air conditioning systems market size is expected to reach US$ 186,584.1 Mn by 2026, expanding at a CAGR of 4.7% from 2019 to 2026. In terms of volume, the market is expected to reach 115,201 ‘000 units by 2026, expanding at a CAGR of 3.7% from 2019 to 2026.

One of the key drivers of market growth is the increased need for energy-efficient air conditioning systems. The replacement of existing air conditioning systems in developed countries in North America and in European regions with energy-efficient systems resulted in strict government mandates for energy-efficient modules. In Latin America (LATAM) and MEA, the AC penetration in Brazil, Argentina, South Africa and the USA also showed highest growth in recent years.

The demand in India and other South East Asian countries for split air conditioners is expected to grow in a warm environment as well as the population and income available. This has led to the establishment of production units in India by global air conditioning system manufacturers which further decrease the costs of air conditioners in India. This provides an excellent opportunity to invest global players in the split-air conditioning system market in India.

Air conditioning systems have increased their electricity consumption in the last decade, and thus air conditioning systems manufacturers are using advanced green technology to create energy efficient systems. The increasing use of green technologies and the increase in the number of intelligent homes would drive the market for air conditioning systems in the forecast period.

Asia Pacific is the world's biggest air conditioning system market. Split air conditioners have a significant market share in the Asia Pacific air conditioning system market. The demand for split-air conditioners is rising, the hot climate, higher disposable incomes, changing lifestyles and higher housing throughout Asia Pacific. Chinese air conditioning systems is the world's largest divided air market. Air conditioning systems market dominates divided air conditioners in China. Mini-split air conditioners are a major part of the market among split air conditioners. Other major air conditioning divisions are Japan and India in Asia-Pacific.

India is after China and Japan, the third largest divided market for air conditioning systems. Split air-conditioners dominate the room air-conditioning market in India compared to window air-conditioners. In FY06, divisional air conditioning market share increased from 42.0% to 85.0% in FY18. Room air-conditioning systems penetration in India was 4.0% in FY18, as specified in the Blue Star Limited Investor Presentation.

Europe is the world's second largest divided market in air conditioning. Split air conditioners prevail in Europe and mini-split air conditioners play a major role in Europe as part of split air conditioning systems. Russia is Europe's largest divided air conditioner market. France, Spain, Italy and the United Kingdom are other key split air conditioner markets. Increased demand in air conditioners for VRF (Variable Refrigerant Flow), which are comparatively expensive than other types of air conditioners, is driving Europe's demand for divided air conditioning systems.

The split air conditioners in North America have a minor share in the overall market for air conditioning. Mini-split air conditioners are important, and over the forecast period, the segment is expected to expand. VRF systems are split air conditioning systems that are highly energy-efficient. VRF systems meet high demand in the US, thereby enhancing the general demand in North America for split air conditioning systems. In North America, Canada is an important divided air conditioning market.

Key Players

The Split Air Conditioning Systems market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Mitsubishi Electric Corporation, Midea Group Co., Ltd., Samsung Electronics Co., lennox International Inc. Ltd., Hitachi, Ltd., Sharp Company, United Technologies Corp., Panasonic Corporation, Electrolux AB. Ltd. among others.

With the attendance of many small and medium-sized manufacturers, the market is fragmented. The strong presence of local manufacturers and suppliers, particularly in China, is one of the main reasons for market fragmentation. In addition, companies focus on product adaptation, strategic partnerships and new customer acquisitions to gain more market shares.

Segmentation:

The global split air conditioning systems market is segmented as below:

Global Split Air Conditioning Systems Market, by Equipment Type

  • Mini-split
  • Multi-split
  • VRF
  • Floor Ceiling

Global Split Air Conditioning Systems Market, by Application

  • Residential
  • Commercial

Global Split Air Conditioning Systems Market, by Distribution Channel

  • Online
  • Offline
    • Conventional Stores
      • DIY Stores
      • Specialty Stores
      • Supermarkets
    • Company-owned Stores
      • Dealers
      • Installers

Global Split Air Conditioning Systems Market, by Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Russia
    • Italy
    • Spain
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • Nigeria
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America 

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CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Split Air Conditioning Systems
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Split Air Conditioning Systems Market By Equipment Type
1.2.2.1. Global Split Air Conditioning Systems Market Revenue and Growth Rate Comparison By Equipment Type (2015-2026)
1.2.2.2. Global Split Air Conditioning Systems Market Revenue Share By Equipment Type in 2017
1.2.2.3. Multi split
1.2.2.4. Mini split
1.2.2.5. VRF
1.2.2.6. Floor Ceiling
1.2.2.7. Others
1.2.3. Split Air Conditioning Systems Market By Application
1.2.3.1. Global Split Air Conditioning Systems Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Residential
1.2.3.3. Commercial
1.2.3.4. Others
1.2.4. Split Air Conditioning Systems Market By Distribution Channel
1.2.4.1. Global Split Air Conditioning Systems Market Revenue and Growth Rate Comparison By Distribution Channel (2015-2026)
1.2.4.2. Offline
1.2.4.3. Online
1.2.4.4. Others
1.2.5. Split Air Conditioning Systems Market by Geography
1.2.5.1. Global Split Air Conditioning Systems Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Split Air Conditioning Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Split Air Conditioning Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Split Air Conditioning Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Split Air Conditioning Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Split Air Conditioning Systems Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Split Air Conditioning Systems Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Split Air Conditioning Systems Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Split Air Conditioning Systems Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Split Air Conditioning Systems Major Manufacturers in 2017
CHAPTER 4. SPLIT AIR CONDITIONING SYSTEMS MARKET BY EQUIPMENT TYPE
4.1. Global Split Air Conditioning Systems Revenue By Equipment Type
4.2. Multi split
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Mini split
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. VRF
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Floor Ceiling
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Other
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. SPLIT AIR CONDITIONING SYSTEMS MARKET BY APPLICATION
5.1. Global Split Air Conditioning Systems Revenue By Application
5.2. Residential
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Commercial
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Others
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. SPLIT AIR CONDITIONING SYSTEMS MARKET BY DISTRIBUTION CHANNEL
6.1. Global Split Air Conditioning Systems Revenue By Distribution Channel
6.2. Offline
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Online
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Others
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA SPLIT AIR CONDITIONING SYSTEMS MARKET BY COUNTRY
7.1. North America Split Air Conditioning Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Split Air Conditioning Systems Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Split Air Conditioning Systems Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE SPLIT AIR CONDITIONING SYSTEMS MARKET BY COUNTRY
8.1. Europe Split Air Conditioning Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Split Air Conditioning Systems Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC SPLIT AIR CONDITIONING SYSTEMS MARKET BY COUNTRY
9.1. Asia-Pacific Split Air Conditioning Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Split Air Conditioning Systems Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA SPLIT AIR CONDITIONING SYSTEMS MARKET BY COUNTRY
10.1. Latin America Split Air Conditioning Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Split Air Conditioning Systems Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST SPLIT AIR CONDITIONING SYSTEMS MARKET BY COUNTRY
11.1. Middle East Split Air Conditioning Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East Split Air Conditioning Systems Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
CHAPTER 12. AFRICA SPLIT AIR CONDITIONING SYSTEMS MARKET BY COUNTRY
12.1. Africa Split Air Conditioning Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Africa Split Air Conditioning Systems Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Equipment Type, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Mitsubishi Electric Corporation
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Midea Group Co., Ltd.
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Samsung Electronics Co., Ltd.
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Hitachi, Ltd.
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Sharp Company
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. lennox International Inc. Ltd.
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. United Technologies Corp.
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Panasonic Corporation
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Electrolux AB. Ltd.
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Others
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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