This report provides exclusive insights into the COVID-19 impact on the Split Air Conditioning Systems Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Split Air Conditioning Systems Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Split Air Conditioning Systems Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on split air
conditioning systems market provides an in-depth analysis of segments and
sub-segments in the global as well as regional split air conditioning systems
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional split air conditioning systems market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global split air
conditioning systems market. According to the report, the global split air
conditioning systems market is projected to grow at a CAGR of 4.40% over the
forecast period of 2019-2025.
As the air conditioning industry is changing in recent past years,
innovative developments are adding value to climate control, efficiency, and
connectivity. A split air conditioning system is amongst the most versatile on
the market due to their reverse cycle function allows them to heat or cool
home. Split air conditioning system also offers the option of the single or
multi-split that enables a split air conditioning system to operate in more
than one room of home or business. Split air conditioning system increase
room-by-room environmental control and regulate heating and cooling methods,
allowing customers to manage their energy use easily and efficiently.
The increased need for energy-efficient air conditioning systems
is the major driving factor of the split air conditioning systems market.
Furthermore, factors such as hot climate, rise in population, and the increase
in disposable income are driving the growth of the market. The demand for split
air conditioning systems is rising due to its applications such as decreasing
household energy expenditures, easy to installation, quiet operation, and great
flexibility. The growing demand for integrated systems and rising investment in
R&D is fueling the growth of the split air conditioning systems market.
However, the high cost of split air conditioning systems restrains the market
growth. The increasing population in counties like India expected to provide
growth opportunities to the market players.
Geographically, Asia-Pacific is the largest market for split air
conditioning systems market owing to the hot climate, higher disposable
incomes, and changing lifestyles. The increasing residential construction is
fueling the growth of the market in this region. China is the largest market
for split air conditioning systems market followed by Japan and India in the
Asia-Pacific region. Mini-split air conditioners are the major part of China
split air conditioning systems market. Europe is the second largest market of
the global split air conditioning systems market. Russia holds a large market
share of the split air conditioner market in Europe.
The report on global split air conditioning systems market covers
segments such as equipment type, applications, and distribution channel. On the
basis of equipment type, the sub-markets include multi split, mini split, and VRF.
On the basis of applications, the sub-markets include residential, and
commercial. On the basis of the distribution channel, the sub-markets include
offline, and online.
The report provides profiles of the companies in the market such
as United Technologies Corp., Panasonic Corporation, Daikin Industries, Ltd.,
Mitsubishi Electric Corporation, Hitachi, Ltd., Midea Group Co., Ltd., Samsung
Electronics Co., Ltd., Lennox International Inc., Sharp Corporation, and other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of split air
conditioning systems market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.