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Split Air Conditioning Systems-Global Market Insights and Sales Trends 2025
Synopsis
A split air conditioner consists of two main parts: the outdoor unit and the indoor unit. The outdoor unit is installed on or near the wall outside of the room or space that you wish to cool. The unit houses the compressor, condenser coil and the expansion coil or capillary tubing.
The global Split Air Conditioning Systems market size is expected to reach US$ 135430 million by 2029, growing at a CAGR of 9.5% from 2023 to 2029. The market is mainly driven by the significant applications of Split Air Conditioning Systems in various end use industries. The expanding demands from the Residential, Commercial and Others,, are propelling Split Air Conditioning Systems market. Mono-Split, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Multi-Split segment is estimated at % CAGR for the next seven-year period.
Of the key varieties of air conditioning equipment examined in the report, namely mono-split, multi-split, VRF (variable refrigerant flow), and floor ceiling air conditioning systems, the segment of mono-split air conditioning systems accounted for about 70% of the market in terms of revenue and approximately 90% of the market in terms of volume in 2017. It is also expected to remain the dominant product segment throughout the forecast period owing to rising domestic and commercial demand.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Split Air Conditioning Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Split Air Conditioning Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Split Air Conditioning Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Split Air Conditioning Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Split Air Conditioning Systems covered in this report include Daikin, Midea Group, Fujitsu, Hitachi, Gree Electric Appliances, Panasonic, LG Electronics, Carrier and Mitsubishi Electric, etc.
The global Split Air Conditioning Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daikin
Midea Group
Fujitsu
Hitachi
Gree Electric Appliances
Panasonic
LG Electronics
Carrier
Mitsubishi Electric
York
Global Split Air Conditioning Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Split Air Conditioning Systems market, Segment by Type:
Mono-Split
Multi-Split
VRF
Floor Ceiling
Global Split Air Conditioning Systems market, by Application
Residential
Commercial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Split Air Conditioning Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Split Air Conditioning Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A split air conditioner consists of two main parts: the outdoor unit and the indoor unit. The outdoor unit is installed on or near the wall outside of the room or space that you wish to cool. The unit houses the compressor, condenser coil and the expansion coil or capillary tubing.
The global Split Air Conditioning Systems market size is expected to reach US$ 135430 million by 2029, growing at a CAGR of 9.5% from 2023 to 2029. The market is mainly driven by the significant applications of Split Air Conditioning Systems in various end use industries. The expanding demands from the Residential, Commercial and Others,, are propelling Split Air Conditioning Systems market. Mono-Split, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Multi-Split segment is estimated at % CAGR for the next seven-year period.
Of the key varieties of air conditioning equipment examined in the report, namely mono-split, multi-split, VRF (variable refrigerant flow), and floor ceiling air conditioning systems, the segment of mono-split air conditioning systems accounted for about 70% of the market in terms of revenue and approximately 90% of the market in terms of volume in 2017. It is also expected to remain the dominant product segment throughout the forecast period owing to rising domestic and commercial demand.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Split Air Conditioning Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Split Air Conditioning Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Split Air Conditioning Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Split Air Conditioning Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Split Air Conditioning Systems covered in this report include Daikin, Midea Group, Fujitsu, Hitachi, Gree Electric Appliances, Panasonic, LG Electronics, Carrier and Mitsubishi Electric, etc.
The global Split Air Conditioning Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daikin
Midea Group
Fujitsu
Hitachi
Gree Electric Appliances
Panasonic
LG Electronics
Carrier
Mitsubishi Electric
York
Global Split Air Conditioning Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Split Air Conditioning Systems market, Segment by Type:
Mono-Split
Multi-Split
VRF
Floor Ceiling
Global Split Air Conditioning Systems market, by Application
Residential
Commercial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Split Air Conditioning Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Split Air Conditioning Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Split Air Conditioning Systems Market Overview
1.1 Split Air Conditioning Systems Product Overview
1.2 Split Air Conditioning Systems Market Segment by Type
1.2.1 Mono-Split
1.2.2 Multi-Split
1.2.3 VRF
1.2.4 Floor Ceiling
1.3 Global Split Air Conditioning Systems Market Size by Type
1.3.1 Global Split Air Conditioning Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Split Air Conditioning Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Split Air Conditioning Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Split Air Conditioning Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Split Air Conditioning Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Split Air Conditioning Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Split Air Conditioning Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Split Air Conditioning Systems Sales Breakdown by Type (2018-2023)
2 Global Split Air Conditioning Systems Market Competition by Company
2.1 Global Top Players by Split Air Conditioning Systems Sales (2018-2023)
2.2 Global Top Players by Split Air Conditioning Systems Revenue (2018-2023)
2.3 Global Top Players by Split Air Conditioning Systems Price (2018-2023)
2.4 Global Top Manufacturers Split Air Conditioning Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Split Air Conditioning Systems Market Competitive Situation and Trends
2.5.1 Split Air Conditioning Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Split Air Conditioning Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Split Air Conditioning Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Split Air Conditioning Systems Market
2.8 Key Manufacturers Split Air Conditioning Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Split Air Conditioning Systems Status and Outlook by Region
3.1 Global Split Air Conditioning Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Split Air Conditioning Systems Historic Market Size by Region
3.2.1 Global Split Air Conditioning Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Split Air Conditioning Systems Sales in Value by Region (2018-2023)
3.2.3 Global Split Air Conditioning Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Split Air Conditioning Systems Forecasted Market Size by Region
3.3.1 Global Split Air Conditioning Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Split Air Conditioning Systems Sales in Value by Region (2024-2029)
3.3.3 Global Split Air Conditioning Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Split Air Conditioning Systems by Application
4.1 Split Air Conditioning Systems Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Others
4.2 Global Split Air Conditioning Systems Market Size by Application
4.2.1 Global Split Air Conditioning Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Split Air Conditioning Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Split Air Conditioning Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Split Air Conditioning Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Split Air Conditioning Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Split Air Conditioning Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Split Air Conditioning Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Split Air Conditioning Systems Sales Breakdown by Application (2018-2023)
5 North America Split Air Conditioning Systems by Country
5.1 North America Split Air Conditioning Systems Historic Market Size by Country
5.1.1 North America Split Air Conditioning Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Split Air Conditioning Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Split Air Conditioning Systems Sales in Value by Country (2018-2023)
5.2 North America Split Air Conditioning Systems Forecasted Market Size by Country
5.2.1 North America Split Air Conditioning Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Split Air Conditioning Systems Sales in Value by Country (2024-2029)
6 Europe Split Air Conditioning Systems by Country
6.1 Europe Split Air Conditioning Systems Historic Market Size by Country
6.1.1 Europe Split Air Conditioning Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Split Air Conditioning Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Split Air Conditioning Systems Sales in Value by Country (2018-2023)
6.2 Europe Split Air Conditioning Systems Forecasted Market Size by Country
6.2.1 Europe Split Air Conditioning Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Split Air Conditioning Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Split Air Conditioning Systems by Region
7.1 Asia-Pacific Split Air Conditioning Systems Historic Market Size by Region
7.1.1 Asia-Pacific Split Air Conditioning Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Split Air Conditioning Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Split Air Conditioning Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Split Air Conditioning Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Split Air Conditioning Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Split Air Conditioning Systems Sales in Value by Region (2024-2029)
8 Latin America Split Air Conditioning Systems by Country
8.1 Latin America Split Air Conditioning Systems Historic Market Size by Country
8.1.1 Latin America Split Air Conditioning Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Split Air Conditioning Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Split Air Conditioning Systems Sales in Value by Country (2018-2023)
8.2 Latin America Split Air Conditioning Systems Forecasted Market Size by Country
8.2.1 Latin America Split Air Conditioning Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Split Air Conditioning Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Split Air Conditioning Systems by Country
9.1 Middle East and Africa Split Air Conditioning Systems Historic Market Size by Country
9.1.1 Middle East and Africa Split Air Conditioning Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Split Air Conditioning Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Split Air Conditioning Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Split Air Conditioning Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Split Air Conditioning Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Split Air Conditioning Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Daikin
10.1.1 Daikin Company Information
10.1.2 Daikin Introduction and Business Overview
10.1.3 Daikin Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Daikin Split Air Conditioning Systems Products Offered
10.1.5 Daikin Recent Development
10.2 Midea Group
10.2.1 Midea Group Company Information
10.2.2 Midea Group Introduction and Business Overview
10.2.3 Midea Group Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Midea Group Split Air Conditioning Systems Products Offered
10.2.5 Midea Group Recent Development
10.3 Fujitsu
10.3.1 Fujitsu Company Information
10.3.2 Fujitsu Introduction and Business Overview
10.3.3 Fujitsu Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fujitsu Split Air Conditioning Systems Products Offered
10.3.5 Fujitsu Recent Development
10.4 Hitachi
10.4.1 Hitachi Company Information
10.4.2 Hitachi Introduction and Business Overview
10.4.3 Hitachi Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hitachi Split Air Conditioning Systems Products Offered
10.4.5 Hitachi Recent Development
10.5 Gree Electric Appliances
10.5.1 Gree Electric Appliances Company Information
10.5.2 Gree Electric Appliances Introduction and Business Overview
10.5.3 Gree Electric Appliances Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Gree Electric Appliances Split Air Conditioning Systems Products Offered
10.5.5 Gree Electric Appliances Recent Development
10.6 Panasonic
10.6.1 Panasonic Company Information
10.6.2 Panasonic Introduction and Business Overview
10.6.3 Panasonic Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Panasonic Split Air Conditioning Systems Products Offered
10.6.5 Panasonic Recent Development
10.7 LG Electronics
10.7.1 LG Electronics Company Information
10.7.2 LG Electronics Introduction and Business Overview
10.7.3 LG Electronics Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 LG Electronics Split Air Conditioning Systems Products Offered
10.7.5 LG Electronics Recent Development
10.8 Carrier
10.8.1 Carrier Company Information
10.8.2 Carrier Introduction and Business Overview
10.8.3 Carrier Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Carrier Split Air Conditioning Systems Products Offered
10.8.5 Carrier Recent Development
10.9 Mitsubishi Electric
10.9.1 Mitsubishi Electric Company Information
10.9.2 Mitsubishi Electric Introduction and Business Overview
10.9.3 Mitsubishi Electric Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mitsubishi Electric Split Air Conditioning Systems Products Offered
10.9.5 Mitsubishi Electric Recent Development
10.10 York
10.10.1 York Company Information
10.10.2 York Introduction and Business Overview
10.10.3 York Split Air Conditioning Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 York Split Air Conditioning Systems Products Offered
10.10.5 York Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Split Air Conditioning Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Split Air Conditioning Systems Industrial Chain Analysis
11.4 Split Air Conditioning Systems Market Dynamics
11.4.1 Split Air Conditioning Systems Industry Trends
11.4.2 Split Air Conditioning Systems Market Drivers
11.4.3 Split Air Conditioning Systems Market Challenges
11.4.4 Split Air Conditioning Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Split Air Conditioning Systems Distributors
12.3 Split Air Conditioning Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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