ReportsWeb.com published “Split Air Conditioning Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Worldwide Split Air Conditioning Market 2016 Overview
1. Global Split Air Conditioning Market 2016-2020
Website : www.reportsweb.com
No of Pages: 67
Published: Dec 2015
Single User PDF: US$ 2500
Publisher : Infiniti Research
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Introduction
Publishers market research analyst predicts the global split air conditioning market to grow steadily at a CAGR of
nearly 6% by 2020. Â 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.
Global Split Air Conditioning Market 2016-2020
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Product-based segmentation of the split air conditioning market
Unducted standard
VRF
US ducted
Ducted standard
Publisher 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.
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Global Split Air Conditioning Market 2016-2020
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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.
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Global Split Air Conditioning Market 2016-2020
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