Global Split AC Market Size, Share, Opportunities, And Trends By Product (Mini-Split AC, Multi-Split AC, Portable AC, Others), By Power Output (Up to 2 Kw, 2 to 4 Kw, Greater than 4 Kw), By Technology (Inverter, Non-Inverter), By Rating (2 Star, 3 Star, 5 Star, Others), By Application (Residential, Commercial), And Geography - Forecasts From 2025 to 2030

Split AC Market Size:

The split air conditioners (AC) market is expected to grow at a CAGR of 4.20% between 2025 and 2030.

Split air conditioners are more extensively used these days as compared to the use of window air conditioners conventionally. Split ACs dominate due to their noise-free operation, multi-split capabilities, and ease of installation and service.

Split AC Market Growth Drivers:

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. However, rising electricity prices and high implementation costs may act as a threat to market growth.

Split AC Market Geographical Outlook:

The 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, lead to an increase in construction activities while driving the split AC market growth. Furthermore, the increasing population in the region leads to a significant increase in residential complexes, which, in turn, further propels the market growth over the projected period.

The global split AC market report provides a detailed analysis of the industry landscape, offering strategic and executive-level insights supported by data-driven forecasts and analysis. This regularly updated report equips decision-makers with actionable intelligence on current market trends, emerging opportunities, and competitive dynamics. It explores consumer demand across various regions and product types, mini, multi split and portable AC units, while also examining purchasing behaviours and key customer segments. Additionally, the report delves into technological advancements, key government policies, regulations, and macroeconomic factors, delivering a comprehensive overview of the global split AC market.

Global Split AC Market Segmentation:

Global Split AC Market Segmentation by product:

The market analyzed by product into the following:

• Mini-Split AC
• Multi-Split AC
• Portable AC
• Others

Global Split AC Market Segmentation by power output:

The market analyzed by power output into the following:

• Up to 2 Kw
• 2 to 4 Kw
• Greater than 4 Kw

Global Split AC Market Segmentation by technology:

The market analyzed by technology into the following:

• Inverter
• Non-Inverter

Global Split AC Market Segmentation by rating:

The market analyzed by rating into the following:

• 2 Star
• 3 Star
• 5 Star
• Others

Global Split AC Market Segmentation by application:

The market analyzed by application into the following:

• Residential
• Commercial

Global split AC Market Segmentation by regions:

The study also analysed the global split AC market into the following regions, with country level forecasts and analysis as below:

• North America (US, Canada and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, France, United Kingdom, Spain, Italy and Others
• Middle East and Africa (Saudi Arabia, UAE and Others)
• Asia Pacific (China, India, Japan, South Korea, Taiwan, Thailand, Indonesia, and Others)

Global Split AC Market Competitive Landscape:

The global split AC market features key players such as Panasonic Inc, Daikin Industries Ltd., LG Electronics, Carrier Global Corporation., Mitsubishi Electric Corporation, Whirlpool, Samsung, Godrej Group, Hitachi, Voltas Limited (TATA Group), Fujitsu General Global, Blue Star Ltd., Haier Group Corporation, among others.

Global Split AC Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by product, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by power output, with historical revenue data and analysis.
• Market size, forecasts, and trends by technology with historical revenue data and analysis.
• Market size, forecasts, and trends by ratings with historical revenue data and analysis.
• Market size, forecasts, and trends by application with historical revenue data and analysis.
• The global split AC market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth. 
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge. 
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the split air conditioners (AC) market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and email for timely clarification and incorporating additional requests. 
• Option of presentation or doc format with the estimates file to take care of diverse requirements. 
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings. 
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

Global Split AC Market Scope:

Report Metric	Details
Growth Rate	CAGR of 4.20%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Product Power Output Technology Rating Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Split AC Market	Panasonic Inc Daikin Industries Ltd., LG Electronics Carrier Global Corporation Mitsubishi Electric Corporation
Customization Scope	Free report customization with purchase

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL SPLIT AC MARKET BY PRODUCT

5.1. Introduction

5.2. Mini-Split AC

5.3. Multi-Split AC

5.4. Portable AC

5.5. Others

6. GLOBAL SPLIT AC MARKET BY POWER OUTPUT

6.1. Introduction

6.2. Up to 2 Kw

6.3. 2 To 4 Kw

6.4. Greater than 4 Kw

7. GLOBAL SPLIT AC MARKET BY TECHNOLOGY

7.1. Introduction

7.2. Inverter

7.3. Non-Inverter

8. GLOBAL SPLIT AC MARKET BY RATINGS

8.1. Introduction

8.2. 2 Star

8.3. 3 Star

8.4. 5 Star

8.5. Others

9. GLOBAL SPLIT AC MARKET BY APPLICATIONS

9.1. Introduction

9.2. Residential

9.3. Commercial

10. GLOBALSPLIT AC MARKET BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. USA

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. Germany

10.4.2. France

10.4.3. United Kingdom

10.4.4. Spain

10.4.5. Italy

10.4.6. Others

10.5. Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Others

10.6. Asia Pacific

10.6.1. China

10.6.2. India

10.6.3. Japan

10.6.4. South Korea

10.6.5. Taiwan

10.6.6. Thailand

10.6.7. Indosneisa

10.6.8. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. Panasonic Inc

12.2. Daikin Industries Ltd.,

12.3. LG Electronics

12.4. Carrier Global Corporation

12.5. Mitsubishi Electric Corporation

12.6. Whirlpool

12.7. Samsung

12.8. Godrej Group

12.9. Hitachi

12.10. Voltas Limited (TATA Group),

12.11. Fujitsu General Global

12.12. Blue Star Ltd.

12.13. Haier Group Corporation

13. APPENDIX

13.1. Currency 

13.2. Assumptions

13.3. Base and Forecast Years Timeline

13.4. Key benefits for the stakeholders

13.5. Research Methodology 

13.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Panasonic Inc

Daikin Industries Ltd.,

LG Electronics

Carrier Global Corporation

Mitsubishi Electric Corporation

Whirlpool

Samsung

Godrej Group

Hitachi Ltd.

Voltas Limited (TATA Group),

Fujitsu General Global

Blue Star Ltd.