Split Central Air Conditioner Market Size - By application (residential, commercial), By equipment type (mini-spilt, multi-spilt, VRF, Floor ceiling), By distribution channel (Online, offline) & Region – Forecasts By 2030
- PUBLISHED ON
- 2023-07-20
- NO OF PAGES
- 251
- CATEGORY
- Electronics & Communication
Split air conditioning systems consist of indoor and outdoor units connected by refrigerant piping. There are different split-type air conditioners on the market. These three types of air conditioners are inverter split, non-inverter split, and multi-split.
Split Central Air Conditioner Market- Overview
The Global Split Central Air Conditioner Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over 4% form 2022-2030.
Growing urbanisation, rising disposable income, unified government policies on refrigerants, unfavourable climate change, and other factors are major market drivers. Increased demand for inverter air conditioners is giving the market a substantial opportunity. The predicted timeframe will bring forth a number of significant changes.
Over the projected period, the market is anticipated to experience significant increase. Split air conditioners have developed into a necessity for people's way of life. In comparison to conventional air conditioners, split air conditioners offer a number of advantages, including energy economy, simultaneous heating and cooling, temperature control, and power savings.
The main distinction is that the fan and compressor on Split Air Conditioners are mounted on the exterior unit. Additionally, Split Air Conditioners have a solid technological foundation that draws customers in with their distinctive features and aesthetic. Due to the frequent climate fluctuations, there will be a significant growth in demand for split air conditioners.
Split Central Air Conditioner Market- Key trends
Changing in people’s lifestyle will help the market growth
The market is anticipated to experience significant increase. Split air conditioners have developed into a necessity for people's way of life. In comparison to conventional air conditioners, split air conditioners offer a number of advantages, including energy economy, simultaneous heating and cooling, temperature control, and power savings.
Demand for Split Air Conditioners will witness a huge increase on account of the frequent climate changes will help the market expansion.
The main distinction is that the fan and compressor on Split Air Conditioners are mounted on the exterior unit. Additionally, Split Air Conditioners have a solid technological foundation that draws customers in with their distinctive features and aesthetic. Due to the frequent climate fluctuations, there will be a significant growth in demand for split air conditioners.
Split Central Air Conditioner Market- Segmental assessment
By equipment type
• Mini0spilt
• Multi-spilt
• VRF
• Floor ceiling
• Others
By application
• Residential
• Commercial
• Others
By distribution channel
• Online
• offline
Split Central Air Conditioner Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.
Split Central Air Conditioner Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are United Technologies Corp., LG Electronics Inc., Samsung Electronics Co., Ltd., Daikin Industries Ltd., and others.
Report scope
Global Split Central Air Conditioner Market: Historical Years- 2018-2021
Global Split Central Air Conditioner Market: Forecast Years- 2022-2030
Global Split Central Air Conditioner Market CAGR- 4%
Key segments covered-
1) By application (residential, commercial, and others).
2) By equipment type (mini-spilt, multi-spilt, VRF, Floor ceiling, and others).
3) By distribution channel (Online, offline, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
1.
Global Central Air Conditioner
Market Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Central Air Conditioner Market
Definition & Description
1.3. Global
Central Air Conditioner Market Scope and Market Estimation
1.3.1. Global
Central Air Conditioner Overall Market Size, Revenue (US$ Mn), Market CAGR (%),
Market forecast (2023-2033)
1.3.2. Global
Central Air Conditioner Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market
Segmentation
1.4.1. Equipment
Type of Global Central Air Conditioner Market
1.4.2. Application
of Global Central Air Conditioner Market
1.4.3. Distribution
Channel of Global Central Air Conditioner Market
1.4.4. Region
of Global Central Air Conditioner Market
2.
Executive
Summary
2.1. Global
Central Air Conditioner Market Industry
Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Central
Air Conditioner Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market
Investment Opportunity Analysis (Top Investment Pockets), By Segments & By
Region
3.
Global
Central Air Conditioner Market Estimates & Historical Trend Analysis (2020 -
2022)
4.
Global
Central Air Conditioner Market Estimates & Forecast Trend Analysis, by Equipment Type
4.1. Global
Central Air Conditioner Market Revenue (US$ Mn) Estimates and Forecasts, by Product
Type, 2023 to 2033
4.1.1. Mini0spilt
4.1.2. Multi-spilt
4.1.3. VRF
4.1.4. Floor
ceiling
5.
Global
Central Air Conditioner Market Estimates & Forecast Trend Analysis, by Application
5.1. Global
Central Air Conditioner Market Revenue (US$ Mn) Estimates and Forecasts, by Installation,
2023 to 2033
5.1.1. Residential
5.1.2. Commercial
6.
Global
Central Air Conditioner Market Estimates & Forecast Trend Analysis, by Distribution Channel
6.1. Global
Central Air Conditioner Market Revenue (US$ Mn) Estimates and Forecasts, by Installation,
2023 to 2033
6.1.1. Online
6.1.2. Offline
7.
Global
Central Air Conditioner Market Estimates & Forecast Trend Analysis, by Region
7.1. Global
Central Air Conditioner Market Revenue (US$ Mn) Estimates and Forecasts, by Region,
2023 to 2033
7.1.1. North
America
7.1.2. Europe
7.1.3. Asia
Pacific
7.1.4. Middle
East & Africa
7.1.5. South
America
8.
North America Central Air Conditioner Market: Estimates & Forecast Trend Analysis
8.1. North
America Central Air Conditioner Market Assessments & Key Findings
8.1.1. North
America Central Air Conditioner Market Introduction
8.1.2. North
America Central Air Conditioner Market Size Estimates and Forecast (US$ Million)
(2023 to 2033)
8.1.2.1. By Equipment Type
8.1.2.2. By Application
8.1.2.3. By Distribution Channel
8.1.2.4. By
Country
8.1.2.4.1. The
U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Europe Central Air Conditioner Market: Estimates & Forecast Trend Analysis
9.1. Europe
Central Air Conditioner Market Assessments & Key Findings
9.1.1. Europe
Central Air Conditioner Market Introduction
9.1.2. Europe
Central Air Conditioner Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
9.1.2.1. By Equipment Type
9.1.2.2. By Application
9.1.2.3. By Distribution Channel
9.1.2.4. By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. Rest
of Europe
10. Asia
Pacific Central
Air Conditioner Market: Estimates &
Forecast Trend Analysis
10.1. Asia
Pacific Market Assessments & Key Findings
10.1.1. Asia
Pacific Central Air Conditioner Market Introduction
10.1.2. Asia
Pacific Central Air Conditioner Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
10.1.2.1. By Equipment Type
10.1.2.2. By Application
10.1.2.3. By Distribution Channel
10.1.2.4. By
Country
10.1.2.4.1.
China
10.1.2.4.2.
Japan
10.1.2.4.3.
India
10.1.2.4.4.
Australia
10.1.2.4.5.
South Korea
10.1.2.4.6.
ASEAN
10.1.2.4.7.
Rest of Asia Pacific
11. Middle
East & Africa Central
Air Conditioner Market: Estimates &
Forecast Trend Analysis
11.1. Middle
East & Africa Market Assessments & Key Findings
11.1.1. Middle East & Africa Central
Air Conditioner Market Introduction
11.1.2. Middle East & Africa Central
Air Conditioner Market Size Estimates and Forecast (US$ Million) (2023 to 2033)
11.1.2.1. By Equipment Type
11.1.2.2. By Application
11.1.2.3. By Distribution Channel
11.1.2.4. By
Country
11.1.2.4.1.
U.A.E.
11.1.2.4.2.
Saudi Arabia
11.1.2.4.3.
Egypt
11.1.2.4.4.
South Africa
11.1.2.4.5.
Rest of Middle East &
Africa
12. South
America Central
Air Conditioner Market: Estimates &
Forecast Trend Analysis
12.1. South
America Market Assessments & Key Findings
12.1.1. South
America Central Air Conditioner Market Introduction
12.1.2. South
America Central Air Conditioner Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
12.1.2.1. By Equipment Type
12.1.2.2. By Application
12.1.2.3. By Distribution Channel
12.1.2.4. By
Country
12.1.2.4.1.
Brazil
12.1.2.4.2.
Argentina
12.1.2.4.3.
Colombia
12.1.2.4.4.
Rest of South America
13. Competition
Landscape
13.1. Global
Central Air Conditioner Market Competition Matrix & Benchmarking, by
Leading Players / Innovators / Emerging Players / New Entrants
13.2. Global
Central Air Conditioner Market Concentration & Company Market Shares (%)
Analysis, 2022
14. Company
Profiles
14.1. United Technologies Corp
14.1.1. Company
Overview & Key Stats
14.1.2. Financial
Performance & KPIs
14.1.3. Product
Portfolio
14.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
14.2. LG Electronics Inc.
14.3. Samsung Electronics Co.Ltd.
14.4. Daikin Industries Ltd
14.5. Others**
15. Research Methodology
15.1. External
Transportations / Databases
15.2. Internal
Proprietary Database
15.3. Primary
Research
15.4. Secondary
Research
15.5. Assumptions
15.6. Limitations
15.7. Report
FAQs
16. Research Findings &
Conclusion
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Market Research Process
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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The Global Split Central Air Conditioner Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over 4% form 2022-2030.
What are the drivers shaping various markets?
The market is anticipated to experience significant increase. Split air conditioners have developed into a necessity for people's way of life. In comparison to conventional air conditioners, split air conditioners offer a number of advantages, including energy economy, simultaneous heating and cooling, temperature control, and power savings.
Who are the key competitors of market Players?
Some of the major players operating within the market are United Technologies Corp., LG Electronics Inc., Samsung Electronics Co., Ltd., Daikin Industries Ltd., and others.
What are the top performing segments, and countries / regions of each of the markets?
North America is projected to capture a substantial revenue share over 2022-2030.
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