Split AC Market 2017 Projected to witness at a CAGR of 05.44% and Forecast to 2022

Split air conditioners are more extensively used these days as compared to the use of window air conditioners conventionally. Split AC has many benefits over traditional AC. Few of them would entail a noise free performance, enabling of a multi split system which makes it simple to cool various rooms as one outdoor unit can support multiple various indoor air conditioning units., ease of installation and ease of service provided by split AC.
The global split AC market was valued at US$92.603 billion in 2017 and is expected to grow at a CAGR of 5.44% to reach a market size of US$120.68 billion by the year 2022.

Market Outlook

The global market for split air conditioners is largely driven by the increase in both commercial and residential construction activities. Moreover, rapid urbanization and rising disposable income lead to the construction of high rise buildings such as skyscrapers which, in turn, further augment the market growth significantly. Continuous technological improvement and government regulation and legislation lead to the development of energy efficient ACs while propelling the split AC market growth. The rising competition in the market owing to increasing number of players results in decreasing price and thereby contributing to the market growth. However, rising electricity prices and high implementation cost may act as a threat to market growth.

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Geographic Outlook

APAC region is expected to grow at a high rate mainly due to the presence of emerging economies like India and China. Rapid urbanization and industrialization coupled with government initiatives in these countries leads to increase in construction activities while driving the split AC market growth. Furthermore, the increasing population in the region leads to significant increase in residential complex which, in turn, further propel the market growth over the projected period.

Research Methodology

Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Split AC. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Thirdly, Split AC Market has been segmented on the basis of product, application and geography as follows:

By Product
Ducted Standard Split AC
Ductless Standard Split AC
US Ducted Split AC
VRF AC

By Application
Commercial
Industrial

By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
The Middle East and Africa
Asia Pacific

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Market Players

Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Panasonic Inc. DAIKIN INDUSTRIES, Ltd., LG Electronics, Carrier Midea, Siemens, Mitsubishi Electric Corporation, Whirlpool, and Samsung Electronics Co. Ltd.

Table of Content

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Industry Regulations
4.10. Scenario Analysis
5. Global Split AC Market Forecast by Product(US$ billion)
5.1. Ducted Standard Split AC
5.2. Ductless Standard Split AC
5.3. US Ducted Split AC
5.4. VRF AC
6. Global Split AC Market Forecast by Application(US$ billion)
6.1. Commercial
6.2. Residential
7. Global Split AC Market Forecast by Geography (US$ billion)
7.1. Americas
7.1.1. North America
7.1.2. South America
7.2. Europe Middle East and Africa
7.2.1. Europe
7.2.2. Middle East and Africa
7.3. Asia Pacific
8. Competitive Intelligence
8.1. Market Share of Key Players
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players
9. Company Profiles
9.1. Panasonic Inc.
9.2. DAIKIN INDUSTRIES, Ltd.
9.3. LG Electronics.
9.4. Carrier Midea
9.5. Siemens
9.6. Mitsubishi Electric Corporation
9.7. Whirlpool
9.8. Samsung Electronics Co. Ltd.

……Continued

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