Published On : 03 Oct 2016
QYResearchReports.com now features a new report in its database, titled “Global Split AC Market Research Report 2016.” The report serves as a repository of analysis and information regarding market dynamics, figures, and geographical segmentation of the global split AC market. It also provides a comprehensive evaluation of the competitive landscape of the market.
The global split AC market has witnessed significant growth over the past few years owing to rising construction activities in the commercial and residential sectors. An increasing number of commercial buildings such as offices, data centers, and hotels is leading to greater deployment of split ACs. Other factors fuelling the growth of the market are rising global population and rapid urbanization in emerging economies. On the flip side, products offered at cheaper prices by local players compels large players to sell their products at competitive prices. This factor influences the revenue generation of overall market negatively, thereby restraining the growth of the market.
However, with the growing need to minimize operational costs and environment impact of ACs, manufacturers are increasingly focusing on the development of eco-friendly and energy-efficient ACs. Moreover, several governments worldwide are framing favorable standards and regulatory norms that further promotes the production of energy-efficient ACs. The increasing demand for these type of ACs is likely to bode well for the global split ACs market
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Geographically, the global split AC market is segmented into China, Europe, India, Japan, North America, and Southeast Asia. Each regional market is analyzed on the basis of market share, consumption, production, revenue, and growth rate. Due to increasing construction activities and hot climate in most of the parts, countries such as China and India are expected to rise at a brisk pace from 2011 to 2021.
Moreover, the rapidly growing population in these countries is leading to high demand for residential buildings, which in turn is likely to boost the demand for split ACs. Increasing disposable incomes of consumers along with rising awareness regarding energy-efficient ACs is expected to augur well for the growth of the North America market for split AC. On the basis of product type, the market is segmented into wall mounted, ducted, floor standing, ceiling suspended, and cassette. Each segment is reviewed based on growth rate, prices, production, market share, and revenue.
The global split AC market comprises a large number of multinational and domestic players, competing fiercely in terms of product design and price. The increasing investments in research and development of new and innovative products and integration of IoT devices with split ACs are contributing to a high degree of market competition. The report focusses on top manufacturers in the global market and their shares in different regional markets. The key players in the market are Daikin, Midea, United Technologies, Fujitsu, Lennox International, Toshiba, Whirlpool, Panasonic, York, Voltas, Samsung Electronics, Haier, LG Electronics, Mitsubishi Electric, and Gree.