This market research report presents a comprehensive segmentation of the global split air conditioning market by product type (unducted standard, VRF, US ducted, and ducted standard). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. The leading vendors analyzed in this report are Daikin, Gree, Midea, Mitsubishi, and Toshiba Carrier.
Technavio’s market research analysts estimate the global split AC market to grow at a CAGR o around 6% between 2016 and 2020. Increasing global population coupled with the high demand for air conditioners from residential and commercial buildings will boost the prospects for market growth during the forecast period. APAC dominates the global market for ACs, accounting for 57% of the overall market revenue. 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.
The new market research report from Technavio provides a breakdown and analysis of the split AC segments by technology.
“Vendors are coming up with various technological advancements in the functioning of the split ACs. They are introducing inverter ACs which are energy-efficient and consume 40%-50% less electricity. The inverter controls the operation of the compressor at a steady rate. For example, Whirlpool’s FANTASIA INV is equipped with 6th sense inverter technology that offers energy savings and higher heat exchange efficiency,” says Sayani Roy, Industry Manager, Heavy Industry, Technavio Research
The unducted standard split AC segment dominates the slpit AC market, occupying around 73% of the total market share. This AC’s high-energy efficiency coupled with its ease of installation will result in its augmented adoption during the forecast period. The unducted standards split ACs offer several benefits such as longevity, enhanced comfort, and lower operating costs.
The major players in the global split AC market include Daikin, Gree, Midea, Mitsubishi, and Toshiba Carrier. 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.
A more detailed analysis is available in the Technavio report, Global Split AC Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Residential Air Conditioners Market 2015-2019
- Non-Residential Air Conditioners Market in Europe 2015-2019
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