Market outlook of the split air conditioning market
Technavio market research analyst predicts the global split air conditioning market to grow steadily at a CAGR of nearly 6% by 2020. Rising global population coupled with the high demand for air conditioners from residential and commercial buildings will foster the prospects for market growth during the predicted period.
The recent increase in construction activities is the key driver for the growth of this market. Recently, it has been observed that construction activities in both the residential and commercial markets have grown significantly owing to the rapid increase in urbanization, especially in the developing economies. The augmented sale of residential buildings and commercial buildings, and the construction of new skyscrapers across the world will bolster the demand for air conditioners during the forecast period.
Product-based segmentation of the split air conditioning market
Unducted standard
VRF
US ducted
Ducted standard
Technavio market research analysts have estimated the unducted standard split AC segment to account for more than 70% of the total market share by the end of 2020. This AC high-energy efficiency coupled with its ease of installation will result in its augmented adoption during the forecast period.
Geographical segmentation and analysis of the split air conditioning market
Americas
APAC
EMEA
APAC accounts for 57% of the market, with countries like China and India being the largest contributors. The market in this region is expected to grow at a CAGR of 7% during the forecast period. Much of this region growth can be attributed to the strong focus on infrastructural development, which results in the high demand for air conditioning units. Additionally, the rising population pressure in this geography will lead to the high demand for residential buildings, which in turn will hike the demand for split ACs during the forecast period.
Competitive landscape and key vendors
The presence of well-established international, as well as local players, makes the global split AC market highly fragmented and competitive. The competitive environment of this market is expected to intensify in the future with an increase in R&D innovations and integration of IoT devices with the split ACs.
The top vendors in the market include -
Daikin
Gree
Midea
Mitsubishi Electric
Toshiba Carrier
Other prominent vendors in the market include Airwell Group, Dwyer Instruments, Haier Consumer Electronics Group, Lennox International, Samsung Electronics, Siemens, Toshiba, Voltas, Whirlpool, Ingersoll-Rand, Johnson Controls, LG Electronics, and Panasonic.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global the split air conditioning market?
What are the key market trends impacting the growth of the global split air conditioning market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global split air conditioning market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global split air conditioning market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
Global Residential Air Conditioners Market 2015-2019
Non-Residential Air Conditioners Market in Europe 2015-2019
Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Five forces analysis
PART 06: Market segmentation by product
Market segmentation by product 2015-2020
Global unducted standard split AC market
Global VRF AC market
Global US ducted split AC market
Global ducted standard split AC market
PART 07: Market segmentation by region
Split AC market in APAC
Split AC market in the Americas
Split AC market in EMEA
PART 08: Market drivers
Increase in construction activities
Demand for energy-efficient ACs
Rising per capita income in APAC
Replacement of old AC units
PART 09: Impact of drivers
PART 10: Market challenges
Stringent regulations
Fluctuating prices of raw materials
Intense competition
PART 11: Impact of drivers and challenges
PART 12: Market trends
Product enhancement
Growing use of energy-saving inverter ACs
Rising demand for turnkey solutions
Increased demand from older population
PART 13: Vendor landscape
Competitive scenario
Other prominent vendors
PART 14: Key vendor analysis
Daikin Industries
Gree Electric Appliances
Midea
Mitsubishi Electric
Toshiba Carrier
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Segmentation of global split AC market
Exhibit 03: Comparison of global split AC market with other segments (by revenue) 2015-2020
Exhibit 04: Comparison of global split AC market with other segments (by volume) 2015-2020
Exhibit 05: Growth rate comparison of demand units of AC and split AC market
Exhibit 06: Global split AC market 2015-2020 ($ billions)
Exhibit 07: Global split AC market 2015-2020 (millions of units)
Exhibit 08: Five forces analysis
Exhibit 09: Global unducted standard split AC market 2015-2020 ($ billions)
Exhibit 10: Global VRF market 2015-2020 ($ billions)
Exhibit 11: Global US ducted split market 2015-2020 ($ billions)
Exhibit 12: Global ducted standard split AC market 2015-2020 ($ billions)
Exhibit 13: Market segmentation by region 2015-2020 (by revenue)
Exhibit 14: Market segmentation by region 2015-2020 (by volume)
Exhibit 15: Split AC market in APAC 2015-2020 ($ billions)
Exhibit 16: Split AC market in APAC 2015-2020 (millions of units)
Exhibit 17: Construction market in APAC 2014-2020 ($ trillions)
Exhibit 18: Split AC market in the Americas 2015-2020 ($ billions)
Exhibit 19: Split AC market in Americas 2015-2020 (millions of units)
Exhibit 20: Split AC market in EMEA 2015-2020 ($ billions)
Exhibit 21: Split AC market in EMEA 2015-2020 (millions of units)
Exhibit 22: Privately owned housing units in the US 2012-2015 (thousands)
Exhibit 23: Residential construction market in China 2015-2020 ($ billions)
Exhibit 24: Rate of increase in per capita income of APAC 2013-2020
Exhibit 25: Impact of drivers
Exhibit 26: Energy efficiency ratios
Exhibit 27: Overview of best available technology (BAT) EER in EU market
Exhibit 28: Price trend of aluminum in 2014 ($ per ton)
Exhibit 29: Price trend of copper 2014-2015 ($ per tons)
Exhibit 30: Impact of drivers and challenges
Exhibit 31: Key vendors
Exhibit 32: Daikin Industries: Business segmentation by revenue 2015
Exhibit 33: Daikin Industries: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 34: Daikin Industries: Geographical segmentation by revenue 2015
Exhibit 35: Gree Electric Appliances: Business segmentation by revenue 2014
Exhibit 36: Gree Electric Appliances: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 37: Gree Electric Appliances: Geographical segmentation by revenue 2014
Exhibit 38: Midea: Business segmentation 2014 by revenue
Exhibit 39: Midea: Product segmentation by revenue by 2014
Exhibit 40: Midea: Geographical segmentation by revenue 2014
Exhibit 41: Mitsubishi Electric: Business segmentation by revenue 2015
Exhibit 42: Mitsubishi Electric: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 43: Mitsubishi Electric: Geographical segmentation by revenue 2015
Exhibit 44: Toshiba Carrier: Product segmentation
