Global Split Air Conditioning Systems Market: Demand for Energy-efficient Air Conditioning Among Consumers Motivating Growth till 2024

A new research study highlighting the future of the split air conditioning systems market has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the report, titled “Split Air Conditioning Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024”, growing awareness regarding the importance of retaining the quality of indoor air is also generating increased demand for split air conditioning systems universally.

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This 453-page in-depth study provides readers a clear picture of the current scenario of the market, with a prime focus on regions such as the Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa (MEA). In addition, the study includes key developments taking place in the split air conditioning systems industry including the events that took place in the past and the events that are likely to take place during the forecast period 2017-2024. As per the study evaluations, the global split air conditioning systems market, which was valued at US$91.09 billion in 2017 is estimated to reaching US$ 127.27 billion by the end of the forecast period. At this pace, the market will expand at a CAGR of 4.9% from 2017 to 2024.

The research study starts with split air conditioning systems definition, market’s dynamics and trends such as the drivers, restraints, and opportunities. The market revenue shares and volume analysis of the split air conditioning systems market have been examined through cross-segmentation and sub-segment evaluations. Split air conditioners offer the perfect solution for one who requires an air conditioner unit in their household. They come in many styles, shapes and prices. In the present time, ongoing trends such as the increased demand for products with green technologies, smart homes, and energy-efficient systems are expected to offer several growth opportunities for split air conditioning systems market during the forecast period.

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As the research proceeds, the report segments the global split air conditioning systems market on the basis of various equipment types such as mono-split, multi-split, variable refrigerant flow (VRF), and floor ceiling. On the basis of application, the market is classified into residential, commercial and others. On the other hand, major distribution channels include conventional stores and company-owned stores. From a geographical perspective, the research finds that the Asia Pacific and North America are expected to be the potential growth markets for split air conditioning systems in the coming years.

Another vital section of the report is the competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. At present, key players active in the market are Electrolux AB, Carrier Corporation (UTC), Hisense Electric Co. Ltd., Midea Group, Hitachi Ltd., Daikin Industries Ltd., Panasonic Corporation, LG Electronics Inc., Samsung Electronics Ltd., Mitsubishi Electric Corporation, and Sharp Corporation.

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This release was published on openPR.