Split Air Conditioning Systems Market

Split Air Conditioning Systems Market (Product: Mini Split AC, Multi-split AC, and Others (VRF); and Installation: Wall Mounted, Free Standing, and Others (Floor Ceiling)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Split Air Conditioning Systems Market Outlook 2031

  • The global industry was valued at US$ 137.3 Bn in 2022
  • It is estimated to grow at a CAGR of 4.4% from 2023 to 2031 and reach US$ 210.4 Bn by the end of 2031

Analysts’ Viewpoint

Increase in preference for energy saving solutions and growth in high-rise buildings and smart homes along with renovation and remodeling of existing structures are fueling the demand for split air conditioning systems. Silent operation, air filtration, usage of these systems in both commercial and residential setups, self-cleaning, and other beneficial factors are boosting the split air conditioning systems market size.

Technological advancements, such as smart thermostat, inverter technology, and remotely operated features are also fueling the split air conditioning systems market demand.

Manufacturers are focusing on developing compact designs, energy-efficient air conditioners, and distinct split-air conditioning systems, which are driving the split air conditioning systems industry growth.

Split Air Conditioning Systems Market

Market Introduction

An air conditioning system, also called a split system, consists of two independent units, one indoor and another outdoor, which are connected by pipes or tubes. The outdoor unit contains the compressor, condenser coil, and a fan. The compressor is responsible for compressing the refrigerant, while the condenser coil and fan work together to release the heat absorbed from the indoor air.

The indoor unit consists of an evaporator coil and a fan, which work together to cool the air as it is drawn over the coil. The two units are connected by a refrigerant line, which carry the refrigerant between the two units. The refrigerant is responsible for absorbing heat from the indoor air and releasing it outside, resulting in a cooler indoor environment.

Depending on the type of external unit, split system air conditioning can either be heat pump air conditioner or air conditioner. Both residential and commercial applications choose split air conditioning systems as they are often more efficient and quieter than window units, and can provide better control over the temperature and airflow in a space. They are also more discreet, as the outdoor unit can be placed out of sight. However, they can be more expensive to install than window units, and may require professional installation.

Growth in Demand for Energy-efficient Solutions

Rapid urbanization, growth in urban population, change in lifestyles, and hot climatic conditions in emerging economies are the growth frontiers for the split air conditioning systems market. Demand for air conditioning systems is expected to increase as more people are moving into urban areas and seeking a high standard of living. As disposable income levels rise, consumers are willing to spend more money on comfort and convenience, including air conditioning systems.

Consumers are looking for air conditioning systems that are more energy-efficient owing to the growing concerns about climate change and rising energy costs. These systems are more energy efficient than traditional window/wall-mounted or central air conditioning units, which makes them increasingly environment-friendly and highly energy efficiency, thus driving the split air conditioning systems market growth. They also consist of filters that can remove pollutants and allergens from the air, which is important for people with respiratory problems.

Rise in Technological Innovations

Advancements in technology is leading to the development of more efficient and advanced split air conditioning systems. Innovations in the field over the years are likely to offer lucrative split air conditioning systems market opportunities.

Inverter technology is a recent innovation in split air conditioning systems that help improve energy efficiency. This technology allows the compressor to operate at varying speeds, depending on the cooling needs of the room, rather than simply turning on and off. This helps reduce energy consumption and makes the system more efficient.

Smart thermostat is another technology, which is also becoming increasingly popular in split air conditioning systems. This system allows users to control the temperature and settings of their air conditioning system remotely through a smartphone app or voice command, which is boosting the split air conditioning systems market value.

Some of these systems include self-cleaning features, which help lessen the buildup of mold and other bacteria, reducing the need for maintenance and cleaning.

Manufacturers are concentrating on developing portable & compact designs, energy-efficient air conditioners, and distinct split-air conditioning systems for the residential and commercial sectors. These are some of the emerging trends of the split air conditioning systems market in response to the shifting demands of consumers.

Multi-split ACs Gaining Traction

The global split air conditioning systems market segmentation on the basis of product, includes mini split air conditioners, multi-split air conditioners, and others (VRF). The multi-split AC segment is estimated to lead the global market in the next few years as it connects numerous interior units to a single outdoor unit. In this system, each indoor unit can be controlled independently, providing zoned cooling to different areas or rooms of a building. The system allows each room or zone to have its own temperature settings. This can lead to increased energy efficiency, as it allows only the rooms that are in use to cool rather than the entire building.

Multi-split air conditioner systems are commonly used in buildings where it is difficult or impossible to install ductwork, such as old homes, apartments, or commercial spaces.

Surge in Demand for Split Air Conditioning Systems in Residential Sector

The residential sector is more likely to lead the global split air conditioning systems industry during the forecast period in terms of end-use, due to rise in number of households across every region. According to estimates, one of the most necessary consumer commodities that majority of households possess is split air conditioning systems.

Adoption of this system has increased owing to changes in lifestyle of consumers, increase in disposable income, and growth in smart homes, thus creating scope for the split air conditioning systems market in the residential sector compared to the commercial sector.

Regional Outlook

According to the split air conditioning systems market forecast analysis, Asia Pacific is likely to dominate the global market during the forecast period, as it is a manufacturing hub for electronics and consumer goods. Rise in residential buildings and hot climatic conditions are promoting the demand for split air conditioning systems across the region.

Rise in disposable income and change in lifestyles of consumers in numerous developing nations in Asia Pacific are leading to the adoption of new, innovative, and trendy solutions. Moreover, a growing middle-class and urban population is also expected to drive the split air conditioning systems market share across the region.

Analysis of Key Players

The market is fragmented due to the presence of many local and global players. According to the market analysis, competition is expected to intensify in the next few years due to the entry of local players. Various marketing strategies are adopted by companies which is expected to lead to split air conditioning systems market development in the near future.

Observing the split air conditioning systems market trends, system suppliers, vendors, and manufacturers are focusing on product development. They are striving to meet the demands of customers as per recent developments in the split air conditioning systems market by introducing more efficient systems at reasonable price.

Daikin Industries Ltd, GREE Electric Appliances Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Haier Group Corporation, LG Electronics Inc., Toshiba Corporation., Lennox International Inc., Voltas Ltd, and Mitsubishi Electric Corporation are some of the leading players in the split air conditioning systems market.

Key Market Developments

  • On April 7, 2023, Voltas Ltd announced its new range of convertible inverter ACs with built-in air purification systems. The company has extended its AC portfolio with the launch of a new range of ACs in India. The new air conditioner, which is designed to purify the air in the room while also cooling it, has a HEPA filter, a PM 1.0 sensor, and an AQI indication.
  • On February 18, 2022, LG Electronics Inc. announced the launch of AI Dual Inverter air conditioners and expanded its product line-up. The latest air conditioner, powered by AI, comes with multiple in-built sensors and dual rotary compressor technology, which offers better cooling. The all-new 2022 range of LG air conditioners is equipped with an anti-virus protection filter.

Key companies have been profiled in the split air conditioning systems market report based on parameters, such as company overview, financial overview, product portfolio, business segments, business strategies, and recent developments.

Market Snapshot

Attribute

Detail

Market Value in 2022 (Base Year)

US$ 137.3 Bn

Market Forecast Value in 2031

US$ 210.4 Bn

Growth Rate (CAGR)

4.4%

Forecast Period

2023-2031

Quantitative Units

US$ Bn for Value and Million Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, regulatory analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and brand analysis.

Competition Landscape

  • Market Player - Competition Dashboard and Revenue Share Analysis 2022
  • Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, and Strategy & Business Overview)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Market Segmentation

  • Product
    • Mini Split AC
    • Multi-split AC
    • Others (VRF)
  • Installation
    • Wall Mounted
    • Free Standing
    • Others (Floor Ceiling)
  • Price
    • Low
    • Medium
    • High
  • Capacity
    • Less Than 1 Ton
    • 1 to 1.5 Tons
    • 1.5 to 2.0 Tons
    • More Than 2.0 Tons
  • End-use
    • Residential
    • Commercial
  • Distribution Channel
    • Online
      • Company-owned Websites
      • E-commerce Websites
    • Offline
      • Specialty Stores
      • Supermarkets & Hypermarkets
      • Factory Outlets
      • Other Retail Stores

Companies Profiled

  • Daikin Industries Ltd.
  • GREE Electric Appliances Inc.
  • Panasonic Corporation
  • Samsung Electronics Co. Ltd.
  • Haier Group Corporation
  • LG Electronics Inc.
  • Toshiba Corporation
  • Lennox International Inc.
  • Voltas Ltd
  • Mitsubishi Electric Corporation.

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

How big was the global split air conditioning systems market in 2022?

It was valued at US$ 137.3 Bn in 2022

How big is the split air conditioning systems industry expected to be by 2031?

It is estimated to reach US$ 210.4 Bn by 2031

How much CAGR is the split air conditioning systems sector projected to register during the forecast period?

It is likely to grow at a CAGR of 4.4% from 2023 to 2031

What are the key factors driving the demand for split air conditioning systems?

Growth in demand for energy-efficient solutions and increase in high-rise buildings and smart homes

Which product segment holds the largest share in the split air conditioning systems business?

The multi-split AC segment holds a major share

Which region is more attractive for split air conditioning systems vendors?

Asia Pacific is an attractive region for vendors

Who are the prominent split air conditioning systems manufacturers?

Daikin Industries, Ltd, GREE Electric Appliances Inc., Panasonic Corporation, Samsung Electronics Co.Ltd., Haier Group Corporation, LG Electronics Inc., Toshiba Corporation, Lennox International Inc., Voltas Ltd, and Mitsubishi Electric Corporation

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Raw Price Analysis

        5.5. Key Market Indicators

        5.6. Porter’s Five Forces Analysis

        5.7. Industry SWOT Analysis

        5.8. Value Chain Analysis

        5.9. Global Split Air Conditioning Systems Market Analysis and Forecast, 2017 - 2031

            5.9.1. Market Value Projections (US$ Bn)

            5.9.2. Market Volume Projections (Million Units)

    6. Global Split Air Conditioning Systems Market Analysis and Forecast, By Product

        6.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

            6.1.1. Mini Split AC

            6.1.2. Multi-split AC

            6.1.3. Others

        6.2. Incremental Opportunity, By Product

    7. Global Split Air Conditioning Systems Market Analysis and Forecast, By Installation

        7.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

            7.1.1. Wall Mounted

            7.1.2. Free Standing

            7.1.3. Others

        7.2. Incremental Opportunity, By Installation

    8. Global Split Air Conditioning Systems Market Analysis and Forecast, By Price

        8.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

            8.1.1. Low

            8.1.2. Medium

            8.1.3. High

        8.2. Incremental Opportunity, By Price

    9. Global Split Air Conditioning Systems Market Analysis and Forecast, By Capacity

        9.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

            9.1.1. Less Than 1 Ton

            9.1.2. 1 to 1.5 Tons

            9.1.3. 1.5 to 2.0 Tons

            9.1.4. More Than 2.0 Tons

        9.2. Incremental Opportunity, By Capacity

    10. Global Split Air Conditioning Systems Market Analysis and Forecast, By End-use

        10.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

            10.1.1. Residential

            10.1.2. Commercial

        10.2. Incremental Opportunity, By End-use

    11. Global Split Air Conditioning Systems Market Analysis and Forecast, By Distribution Channel

        11.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

            11.1.1. Online

                11.1.1.1. Company-owned Websites

                11.1.1.2. E-commerce Websites

            11.1.2. Offline

                11.1.2.1. Specialty Stores

                11.1.2.2. Supermarkets & Hypermarkets

                11.1.2.3. Factory Outlets

                11.1.2.4. Other Retail Stores

        11.2. Incremental Opportunity, By Distribution Channel

    12. Global Split Air Conditioning Systems Market Analysis and Forecast, By Region

        12.1. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Region, 2017 - 2031

            12.1.1. North America

            12.1.2. Europe

            12.1.3. Asia Pacific

            12.1.4. Middle East & Africa

            12.1.5. South America

        12.2. Incremental Opportunity, By Region

    13. North America Split Air Conditioning Systems Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Price Trend Analysis

            13.2.1. Weighted Average Price

        13.3. Key Trends Analysis

            13.3.1. Demand Side Analysis

            13.3.2. Supply Side Analysis

        13.4. Brand Analysis

        13.5. Consumer Buying Behavior Analysis

        13.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

            13.6.1. Mini Split AC

            13.6.2. Multi-split AC

            13.6.3. Others

        13.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

            13.7.1. Wall Mounted

            13.7.2. Free Standing

            13.7.3. Others

        13.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

            13.8.1. Low

            13.8.2. Medium

            13.8.3. High

        13.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

            13.9.1. Less Than 1 Ton

            13.9.2. 1 to 1.5 Tons

            13.9.3. 1.5 to 2.0 Tons

            13.9.4. More Than 2.0 Tons

        13.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

            13.10.1. Residential

            13.10.2. Commercial

        13.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

            13.11.1. Online

                13.11.1.1. Company-owned Websites

                13.11.1.2. E-commerce Websites

            13.11.2. Offline

                13.11.2.1. Specialty Stores

                13.11.2.2. Supermarkets & Hypermarkets

                13.11.2.3. Factory Outlets

                13.11.2.4. Other Retail Stores

        13.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2027

            13.12.1. U.S.

            13.12.2. Canada

            13.12.3. Rest of North America

        13.13. Incremental Opportunity Analysis

    14. Europe Split Air Conditioning Systems Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Price Trend Analysis

            14.2.1. Weighted Average Price

        14.3. Key Trends Analysis

            14.3.1. Demand Side Analysis

            14.3.2. Supply Side Analysis

        14.4. Brand Analysis

        14.5. Consumer Buying Behavior Analysis

        14.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

            14.6.1. Mini Split AC

            14.6.2. Multi-split AC

            14.6.3. Others

        14.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

            14.7.1. Wall Mounted

            14.7.2. Free Standing

            14.7.3. Others

        14.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

            14.8.1. Low

            14.8.2. Medium

            14.8.3. High

        14.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

            14.9.1. Less Than 1 Ton

            14.9.2. 1 to 1.5 Tons

            14.9.3. 1.5 to 2.0 Tons

            14.9.4. More Than 2.0 Tons

        14.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

            14.10.1. Residential

            14.10.2. Commercial

        14.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

            14.11.1. Online

                14.11.1.1. Company-owned Websites

                14.11.1.2. E-commerce Websites

            14.11.2. Offline

                14.11.2.1. Specialty Stores

                14.11.2.2. Supermarkets & Hypermarkets

                14.11.2.3. Factory Outlets

                14.11.2.4. Other Retail Stores

        14.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

            14.12.1. U.K.

            14.12.2. Germany

            14.12.3. France

            14.12.4. Rest of Europe

        14.13. Incremental Opportunity Analysis

    15. Asia Pacific Split Air Conditioning Systems Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Price Trend Analysis

            15.2.1. Weighted Average Price

        15.3. Key Trends Analysis

            15.3.1. Demand Side Analysis

            15.3.2. Supply Side Analysis

        15.4. Brand Analysis

        15.5. Consumer Buying Behavior Analysis

        15.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

            15.6.1. Mini Split AC

            15.6.2. Multi-split AC

            15.6.3. Others

        15.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

            15.7.1. Wall Mounted

            15.7.2. Free Standing

            15.7.3. Others

        15.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

            15.8.1. Low

            15.8.2. Medium

            15.8.3. High

        15.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

            15.9.1. Less Than 1 Ton

            15.9.2. 1 to 1.5 Tons

            15.9.3. 1.5 to 2.0 Tons

            15.9.4. More Than 2.0 Tons

        15.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

            15.10.1. Residential

            15.10.2. Commercial

        15.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

            15.11.1. Online

                15.11.1.1. Company-owned Websites

                15.11.1.2. E-commerce Websites

            15.11.2. Offline

                15.11.2.1. Specialty Stores

                15.11.2.2. Supermarkets & Hypermarkets

                15.11.2.3. Factory Outlets

                15.11.2.4. Other Retail Stores

        15.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

            15.12.1. China

            15.12.2. India

            15.12.3. Japan

            15.12.4. Rest of Asia Pacific

        15.13. Incremental Opportunity Analysis

    16. Middle East & Africa Split Air Conditioning Systems Market Analysis and Forecast

        16.1. Regional Snapshot

        16.2. Price Trend Analysis

            16.2.1. Weighted Average Price

        16.3. Key Trends Analysis

            16.3.1. Demand Side Analysis

            16.3.2. Supply Side Analysis

        16.4. Brand Analysis

        16.5. Consumer Buying Behavior Analysis

        16.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

            16.6.1. Mini Split AC

            16.6.2. Multi-split AC

            16.6.3. Others

        16.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

            16.7.1. Wall Mounted

            16.7.2. Free Standing

            16.7.3. Others

        16.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

            16.8.1. Low

            16.8.2. Medium

            16.8.3. High

        16.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

            16.9.1. Less Than 1 Ton

            16.9.2. 1 to 1.5 Tons

            16.9.3. 1.5 to 2.0 Tons

            16.9.4. More Than 2.0 Tons

        16.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

            16.10.1. Residential

            16.10.2. Commercial

        16.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

            16.11.1. Online

                16.11.1.1. Company-owned Websites

                16.11.1.2. E-commerce Websites

            16.11.2. Offline

                16.11.2.1. Specialty Stores

                16.11.2.2. Supermarkets & Hypermarkets

                16.11.2.3. Factory Outlets

                16.11.2.4. Other Retail Stores

        16.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

            16.12.1. GCC

            16.12.2. South Africa

            16.12.3. Rest of Middle East & Africa

        16.13. Incremental Opportunity Analysis

    17. South America Split Air Conditioning Systems Market Analysis and Forecast

        17.1. Regional Snapshot

        17.2. Price Trend Analysis

            17.2.1. Weighted Average Price

        17.3. Key Trends Analysis

            17.3.1. Demand Side Analysis

            17.3.2. Supply Side Analysis

        17.4. Brand Analysis

        17.5. Consumer Buying Behavior Analysis

        17.6. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Product, 2017 - 2031

            17.6.1. Mini Split AC

            17.6.2. Multi-split AC

            17.6.3. Others

        17.7. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Installation, 2017 - 2031

            17.7.1. Wall Mounted

            17.7.2. Free Standing

            17.7.3. Others

        17.8. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Price, 2017 - 2031

            17.8.1. Low

            17.8.2. Medium

            17.8.3. High

        17.9. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Capacity, 2017 - 2031

            17.9.1. Less Than 1 Ton

            17.9.2. 1 to 1.5 Tons

            17.9.3. 1.5 to 2.0 Tons

            17.9.4. More Than 2.0 Tons

        17.10. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By End-use, 2017 - 2031

            17.10.1. Residential

            17.10.2. Commercial

        17.11. Split Air Conditioning Systems Market Installation (US$ Bn and Million Units) Forecast, By Distribution Channel, 2017 - 2031

            17.11.1. Online

                17.11.1.1. Company-owned Websites

                17.11.1.2. E-commerce Websites

            17.11.2. Offline

                17.11.2.1. Specialty Stores

                17.11.2.2. Supermarkets & Hypermarkets

                17.11.2.3. Factory Outlets

                17.11.2.4. Other Retail Stores

        17.12. Split Air Conditioning Systems Market Installation (US$ Bn) (Million Units) Forecast, by Country/Sub-region, 2017 - 2031

            17.12.1. Brazil

            17.12.2. Rest of South America

        17.13. Incremental Opportunity Analysis

    18. Competition Landscape

        18.1. Market Player - Competition Dashboard

        18.2. Market Share Analysis - 2022 (%)

        18.3. Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

            18.3.1. Daikin Industries, Ltd

                18.3.1.1. Company Overview

                18.3.1.2. Sales Area/Geographical Presence

                18.3.1.3. Revenue

                18.3.1.4. Strategy & Business Overview

            18.3.2. GREE Electric Appliances Inc.

                18.3.2.1. Company Overview

                18.3.2.2. Sales Area/Geographical Presence

                18.3.2.3. Revenue

                18.3.2.4. Strategy & Business Overview

            18.3.3. Panasonic Corporation

                18.3.3.1. Company Overview

                18.3.3.2. Sales Area/Geographical Presence

                18.3.3.3. Revenue

                18.3.3.4. Strategy & Business Overview

            18.3.4. Samsung Electronics Co.Ltd.

                18.3.4.1. Company Overview

                18.3.4.2. Sales Area/Geographical Presence

                18.3.4.3. Revenue

                18.3.4.4. Strategy & Business Overview

            18.3.5. Haier Group Corporation

                18.3.5.1. Company Overview

                18.3.5.2. Sales Area/Geographical Presence

                18.3.5.3. Revenue

                18.3.5.4. Strategy & Business Overview

            18.3.6. LG Electronics Inc.

                18.3.6.1. Company Overview

                18.3.6.2. Sales Area/Geographical Presence

                18.3.6.3. Revenue

                18.3.6.4. Strategy & Business Overview

            18.3.7. Toshiba Corporation.

                18.3.7.1. Company Overview

                18.3.7.2. Sales Area/Geographical Presence

                18.3.7.3. Revenue

                18.3.7.4. Strategy & Business Overview

            18.3.8. Lennox International Inc.

                18.3.8.1. Company Overview

                18.3.8.2. Sales Area/Geographical Presence

                18.3.8.3. Revenue

                18.3.8.4. Strategy & Business Overview

            18.3.9. Voltas Ltd

                18.3.9.1. Company Overview

                18.3.9.2. Sales Area/Geographical Presence

                18.3.9.3. Revenue

                18.3.9.4. Strategy & Business Overview

            18.3.10. Mitsubishi Electric Corporation.

                18.3.10.1. Company Overview

                18.3.10.2. Sales Area/Geographical Presence

                18.3.10.3. Revenue

                18.3.10.4. Strategy & Business Overview

    19. Go to Market Strategy

        19.1. Identification of Potential Market Spaces

            19.1.1. Product

            19.1.2. Installation

            19.1.3. Price

            19.1.4. Capacity

            19.1.5. End-use

            19.1.6. Distribution Channel

            19.1.7. Region

        19.2. Understanding the Procurement Process of End-Users

        19.3. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

    Table 2: Global Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

    Table 3: Global Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

    Table 4: Global Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

    Table 5: Global Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

    Table 6: Global Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

    Table 7: Global Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

    Table 8: Global Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

    Table 9: Global Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

    Table 10: Global Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

    Table 11: Global Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

    Table 12: Global Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

    Table 13: Global Split Air Conditioning Systems Market, by Region, Million Units, 2017-2031

    Table 14: Global Split Air Conditioning Systems Market, by Region, US$ Bn 2017-2031

    Table 15: North America Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

    Table 16: North America Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

    Table 17: North America Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

    Table 18: North America Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

    Table 19: North America Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

    Table 20: North America Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

    Table 21: North America Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

    Table 22: North America Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

    Table 23: North America Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

    Table 24: North America Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

    Table 25: North America Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

    Table 26: North America Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

    Table 27: Europe Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

    Table 28: Europe Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

    Table 29: Europe Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

    Table 30: Europe Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

    Table 31: Europe Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

    Table 32: Europe Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

    Table 33: Europe Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

    Table 34: Europe Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

    Table 35: Europe Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

    Table 36: Europe Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

    Table 37: Europe Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

    Table 38: Europe Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

    Table 39: Asia Pacific Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

    Table 40: Asia Pacific Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

    Table 41: Asia Pacific Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

    Table 42: Asia Pacific Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

    Table 43: Asia Pacific Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

    Table 44: Asia Pacific Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

    Table 45: Asia Pacific Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

    Table 46: Asia Pacific Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

    Table 47: Asia Pacific Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

    Table 48: Asia Pacific Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

    Table 49: Asia Pacific Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

    Table 50: Asia Pacific Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

    Table 51: Middle East & Africa Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

    Table 52: Middle East & Africa Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

    Table 53: Middle East & Africa Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

    Table 54: Middle East & Africa Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

    Table 55: Middle East & Africa Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

    Table 56: Middle East & Africa Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

    Table 57: Middle East & Africa Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

    Table 58: Middle East & Africa Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

    Table 59: Middle East & Africa Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

    Table 60: Middle East & Africa Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

    Table 61: Middle East & Africa Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

    Table 62: Middle East & Africa Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

    Table 63: South America Split Air Conditioning Systems Market, by Product, Million Units 2017-2031

    Table 64: South America Split Air Conditioning Systems Market, by Product, US$ Bn 2017-2031

    Table 65: South America Split Air Conditioning Systems Market, by Installation, Million Units 2017-2031

    Table 66: South America Split Air Conditioning Systems Market, by Installation, US$ Bn 2017-2031

    Table 67: South America Split Air Conditioning Systems Market, by Price, Million Units 2017-2031

    Table 68: South America Split Air Conditioning Systems Market, by Price, US$ Bn 2017-2031

    Table 69: South America Split Air Conditioning Systems Market, by Capacity, Million Units 2017-2031

    Table 70: South America Split Air Conditioning Systems Market, by Capacity, US$ Bn 2017-2031

    Table 71: South America Split Air Conditioning Systems Market, by End-use, Million Units, 2017-2031

    Table 72: South America Split Air Conditioning Systems Market, by End-use, US$ Bn 2017-2031

    Table 73: South America Split Air Conditioning Systems Market, by Distribution Channel, Million Units, 2017-2031

    Table 74: South America Split Air Conditioning Systems Market, by Distribution Channel, US$ Bn 2017-2031

    List of Figures

    Figure 1: Global Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

    Figure 2: Global Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

    Figure 3: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

    Figure 4: Global Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

    Figure 5: Global Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

    Figure 6: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

    Figure 7: Global Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

    Figure 8: Global Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

    Figure 9: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

    Figure 10: Global Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

    Figure 11: Global Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

    Figure 12: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

    Figure 13: Global Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

    Figure 14: Global Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

    Figure 15: Global Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

    Figure 16: Global Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 17: Global Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

    Figure 18: Global Split Air Conditioning Systems Market Incremental Opportunity, by Distribution Channel, US$ Bn 2017-2031

    Figure 19: Global Split Air Conditioning Systems Market Projections, by Region, Million Units, 2017-2031

    Figure 20: Global Split Air Conditioning Systems Market Projections, by Region, US$ Bn 2017-2031

    Figure 21: Global Split Air Conditioning Systems Market, Incremental Opportunity, by Region, US$ Bn 2023-2031

    Figure 22: North America Split Air Conditioning Systems Market Projections, by Product, Million Units, 2023-2031

    Figure 23: North America Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2023-2031

    Figure 24: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

    Figure 25: North America Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

    Figure 26: North America Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

    Figure 27: North America Split Air Conditioning Systems Market Incremental Opportunity, by Installation, US$ Bn 2017-2031

    Figure 28: North America Split Air Conditioning Systems Market Projections, by Price, Million Units 2017-2031

    Figure 29: North America Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

    Figure 30: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

    Figure 31: North America Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

    Figure 32: North America Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

    Figure 33: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

    Figure 34: North America Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

    Figure 35: North America Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

    Figure 36: North America Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

    Figure 37: North America Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 38: North America Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

    Figure 39: North America Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

    Figure 40: Europe Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

    Figure 41: Europe Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

    Figure 42: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

    Figure 43: Europe Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

    Figure 44: Europe Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

    Figure 45: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

    Figure 46: Europe Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

    Figure 47: Europe Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

    Figure 48: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

    Figure 49: Europe Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

    Figure 50: Europe Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

    Figure 51: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

    Figure 52: Europe Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

    Figure 53: Europe Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

    Figure 54: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

    Figure 55: Europe Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 56: Europe Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

    Figure 57: Europe Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

    Figure 58: Asia Pacific Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

    Figure 59: Asia Pacific Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

    Figure 60: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

    Figure 61: Asia Pacific Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

    Figure 62: Asia Pacific Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

    Figure 63: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

    Figure 64: Asia Pacific Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

    Figure 65: Asia Pacific Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

    Figure 66: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

    Figure 67: Asia Pacific Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

    Figure 68: Asia Pacific Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

    Figure 69: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

    Figure 70: Asia Pacific Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

    Figure 71: Asia Pacific Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

    Figure 72: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

    Figure 73: Asia Pacific Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 74: Asia Pacific Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

    Figure 75: Asia Pacific Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

    Figure 76: Middle East & Africa Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

    Figure 77: Middle East & Africa Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

    Figure 78: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

    Figure 79: Middle East & Africa Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

    Figure 80: Middle East & Africa Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

    Figure 81: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

    Figure 82: Middle East & Africa Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

    Figure 83: Middle East & Africa Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

    Figure 84: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

    Figure 85: Middle East & Africa Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

    Figure 86: Middle East & Africa Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

    Figure 87: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

    Figure 88: Middle East & Africa Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

    Figure 89: Middle East & Africa Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

    Figure 90: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

    Figure 91: Middle East & Africa Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 92: Middle East & Africa Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

    Figure 93: Middle East & Africa Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

    Figure 94: South America Split Air Conditioning Systems Market Projections, by Product, Million Units, 2017-2031

    Figure 95: South America Split Air Conditioning Systems Market Projections, by Product, US$ Bn 2017-2031

    Figure 96: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Product, US$ Bn 2023-2031

    Figure 97: South America Split Air Conditioning Systems Market Projections, by Installation, Million Units, 2017-2031

    Figure 98: South America Split Air Conditioning Systems Market Projections, by Installation, US$ Bn 2017-2031

    Figure 99: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Installation, US$ Bn 2023-2031

    Figure 100: South America Split Air Conditioning Systems Market Projections, by Price, Million Units, 2017-2031

    Figure 101: South America Split Air Conditioning Systems Market Projections, by Price, US$ Bn 2017-2031

    Figure 102: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Price, US$ Bn 2023-2031

    Figure 103: South America Split Air Conditioning Systems Market Projections, by Capacity, Million Units, 2017-2031

    Figure 104: South America Split Air Conditioning Systems Market Projections, by Capacity, US$ Bn 2017-2031

    Figure 105: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Capacity, US$ Bn 2023-2031

    Figure 106: South America Split Air Conditioning Systems Market Projections, by End-use, Million Units, 2017-2031

    Figure 107: South America Split Air Conditioning Systems Market Projections, by End-use, US$ Bn 2017-2031

    Figure 108: South America Split Air Conditioning Systems Market, Incremental Opportunity, by End-use, US$ Bn 2023-2031

    Figure 109: South America Split Air Conditioning Systems Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 110: South America Split Air Conditioning Systems Market Projections, by Distribution Channel, US$ Bn 2017-2031

    Figure 111: South America Split Air Conditioning Systems Market, Incremental Opportunity, by Distribution Channel, US$ Bn 2023-2031

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