

Split AC System is a popular and energy-efficient air conditioning solution for homes and commercial spaces. It comprises two main components: an indoor unit that cools the air and an outdoor unit that releases heat. The indoor unit is typically wall-mounted or ceiling-mounted, providing localized cooling. Split AC systems are known for their quiet operation and zoning capabilities, allowing users to cool specific areas independently.
The global Split AC System market was valued at US$ 126990 million in 2023 and is anticipated to reach US$ 183900 million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.
North American market for Split AC System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Split AC System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Split AC System in Residential is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Split AC System include Midea, Daikin, Gree Electric, Carrier, Haier, Hitachi, Johnson Controls, McQuay and Auxgroup Co., Ltd., etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Split AC System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Split AC System.
Report Scope
The Split AC System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Split AC System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Split AC System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Midea
Daikin
Gree Electric
Carrier
Haier
Hitachi
Johnson Controls
McQuay
Auxgroup Co., Ltd.
TCL
Trane Technologies
LG Electronics
MITSUBISHI
Panasonic
Segment by Type
Single Cooling Type
Cooling and Heating Type
Segment by Application
Residential
Commercial
Industrial
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Split AC System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Split AC System Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Single Cooling Type
1.2.3 Cooling and Heating Type
1.3 Market by Application
1.3.1 Global Split AC System Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Split AC System Market Perspective (2019-2030)
2.2 Split AC System Growth Trends by Region
2.2.1 Global Split AC System Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Split AC System Historic Market Size by Region (2019-2024)
2.2.3 Split AC System Forecasted Market Size by Region (2025-2030)
2.3 Split AC System Market Dynamics
2.3.1 Split AC System Industry Trends
2.3.2 Split AC System Market Drivers
2.3.3 Split AC System Market Challenges
2.3.4 Split AC System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Split AC System Players by Revenue
3.1.1 Global Top Split AC System Players by Revenue (2019-2024)
3.1.2 Global Split AC System Revenue Market Share by Players (2019-2024)
3.2 Global Split AC System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Split AC System Revenue
3.4 Global Split AC System Market Concentration Ratio
3.4.1 Global Split AC System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Split AC System Revenue in 2023
3.5 Split AC System Key Players Head office and Area Served
3.6 Key Players Split AC System Product Solution and Service
3.7 Date of Enter into Split AC System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Split AC System Breakdown Data by Type
4.1 Global Split AC System Historic Market Size by Type (2019-2024)
4.2 Global Split AC System Forecasted Market Size by Type (2025-2030)
5 Split AC System Breakdown Data by Application
5.1 Global Split AC System Historic Market Size by Application (2019-2024)
5.2 Global Split AC System Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Split AC System Market Size (2019-2030)
6.2 North America Split AC System Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Split AC System Market Size by Country (2019-2024)
6.4 North America Split AC System Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Split AC System Market Size (2019-2030)
7.2 Europe Split AC System Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Split AC System Market Size by Country (2019-2024)
7.4 Europe Split AC System Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Split AC System Market Size (2019-2030)
8.2 Asia-Pacific Split AC System Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Split AC System Market Size by Region (2019-2024)
8.4 Asia-Pacific Split AC System Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Split AC System Market Size (2019-2030)
9.2 Latin America Split AC System Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Split AC System Market Size by Country (2019-2024)
9.4 Latin America Split AC System Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Split AC System Market Size (2019-2030)
10.2 Middle East & Africa Split AC System Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Split AC System Market Size by Country (2019-2024)
10.4 Middle East & Africa Split AC System Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Midea
11.1.1 Midea Company Detail
11.1.2 Midea Business Overview
11.1.3 Midea Split AC System Introduction
11.1.4 Midea Revenue in Split AC System Business (2019-2024)
11.1.5 Midea Recent Development
11.2 Daikin
11.2.1 Daikin Company Detail
11.2.2 Daikin Business Overview
11.2.3 Daikin Split AC System Introduction
11.2.4 Daikin Revenue in Split AC System Business (2019-2024)
11.2.5 Daikin Recent Development
11.3 Gree Electric
11.3.1 Gree Electric Company Detail
11.3.2 Gree Electric Business Overview
11.3.3 Gree Electric Split AC System Introduction
11.3.4 Gree Electric Revenue in Split AC System Business (2019-2024)
11.3.5 Gree Electric Recent Development
11.4 Carrier
11.4.1 Carrier Company Detail
11.4.2 Carrier Business Overview
11.4.3 Carrier Split AC System Introduction
11.4.4 Carrier Revenue in Split AC System Business (2019-2024)
11.4.5 Carrier Recent Development
11.5 Haier
11.5.1 Haier Company Detail
11.5.2 Haier Business Overview
11.5.3 Haier Split AC System Introduction
11.5.4 Haier Revenue in Split AC System Business (2019-2024)
11.5.5 Haier Recent Development
11.6 Hitachi
11.6.1 Hitachi Company Detail
11.6.2 Hitachi Business Overview
11.6.3 Hitachi Split AC System Introduction
11.6.4 Hitachi Revenue in Split AC System Business (2019-2024)
11.6.5 Hitachi Recent Development
11.7 Johnson Controls
11.7.1 Johnson Controls Company Detail
11.7.2 Johnson Controls Business Overview
11.7.3 Johnson Controls Split AC System Introduction
11.7.4 Johnson Controls Revenue in Split AC System Business (2019-2024)
11.7.5 Johnson Controls Recent Development
11.8 McQuay
11.8.1 McQuay Company Detail
11.8.2 McQuay Business Overview
11.8.3 McQuay Split AC System Introduction
11.8.4 McQuay Revenue in Split AC System Business (2019-2024)
11.8.5 McQuay Recent Development
11.9 Auxgroup Co., Ltd.
11.9.1 Auxgroup Co., Ltd. Company Detail
11.9.2 Auxgroup Co., Ltd. Business Overview
11.9.3 Auxgroup Co., Ltd. Split AC System Introduction
11.9.4 Auxgroup Co., Ltd. Revenue in Split AC System Business (2019-2024)
11.9.5 Auxgroup Co., Ltd. Recent Development
11.10 TCL
11.10.1 TCL Company Detail
11.10.2 TCL Business Overview
11.10.3 TCL Split AC System Introduction
11.10.4 TCL Revenue in Split AC System Business (2019-2024)
11.10.5 TCL Recent Development
11.11 Trane Technologies
11.11.1 Trane Technologies Company Detail
11.11.2 Trane Technologies Business Overview
11.11.3 Trane Technologies Split AC System Introduction
11.11.4 Trane Technologies Revenue in Split AC System Business (2019-2024)
11.11.5 Trane Technologies Recent Development
11.12 LG Electronics
11.12.1 LG Electronics Company Detail
11.12.2 LG Electronics Business Overview
11.12.3 LG Electronics Split AC System Introduction
11.12.4 LG Electronics Revenue in Split AC System Business (2019-2024)
11.12.5 LG Electronics Recent Development
11.13 MITSUBISHI
11.13.1 MITSUBISHI Company Detail
11.13.2 MITSUBISHI Business Overview
11.13.3 MITSUBISHI Split AC System Introduction
11.13.4 MITSUBISHI Revenue in Split AC System Business (2019-2024)
11.13.5 MITSUBISHI Recent Development
11.14 Panasonic
11.14.1 Panasonic Company Detail
11.14.2 Panasonic Business Overview
11.14.3 Panasonic Split AC System Introduction
11.14.4 Panasonic Revenue in Split AC System Business (2019-2024)
11.14.5 Panasonic Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Midea
Daikin
Gree Electric
Carrier
Haier
Hitachi
Johnson Controls
McQuay
Auxgroup Co., Ltd.
TCL
Trane Technologies
LG Electronics
MITSUBISHI
Panasonic
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*If Applicable.