
Split Air Conditioning Systems Market
Split Air Conditioning Systems Market Forecasts to 2030 - Global Analysis By Product (Wall-Mounted Split Air Conditioners, Ceiling-Mounted Split Air Conditioners, Floor-Mounted Split Air Conditioners, Ductless Mini-Split Air Conditioners and Other Products), Compressor Type, Energy Efficiency, Distribution Channel, Technology, End User and By Geography

According to Stratistics MRC, the Global Split Air Conditioning Systems Market is accounted for $29.35 billion in 2024 and is expected to reach $43.51 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Split air conditioning systems are a type of HVAC system designed to cool or heat indoor spaces. They consist of two main components: an outdoor unit, which houses the compressor and condenser, and an indoor unit, which contains the evaporator and air handler. These units are connected by refrigerant pipes, allowing heat exchange to regulate room temperature. Split systems are popular for their efficient cooling, quiet operation, and flexibility, as they can be installed without ductwork.
According to the Consumer Electronics and Appliances Manufacturers Association, split ACs in Tier-II cities are seen to be higher than in Tier-I.
Market Dynamics:
Driver:
Urbanization and infrastructure development
As cities expand, new construction projects, including residential buildings, offices, shopping malls, and hotels, require efficient air conditioning systems for comfort and air quality. Additionally, urban areas experience higher temperatures due to the heat island effect, further fueling the need for effective cooling. Infrastructure improvements, such as better electricity supply and transportation networks, also support the installation and maintenance of air conditioning systems, boosting overall market growth.
Restraint:
Complex installation
Split air conditioning systems have complex installation due to the need for professional expertise in placing and connecting the indoor and outdoor units, refrigerant piping, electrical wiring, and ensuring proper airflow and drainage. The installation requires precise measurements, tools, and adherence to safety standards. Additionally, the requirement for skilled technicians and the potential for installation errors can limit market growth.
Opportunity:
Growing adoption of smart air conditioning systems
Smart ACs offer features such as remote control via mobile apps, voice control integration with virtual assistants, and advanced energy-saving modes. These systems allow users to optimize energy consumption, resulting in lower utility bills and reduced environmental impact. Additionally, smart features provide better user experiences with personalized settings, real-time diagnostics, and automation. This growing trend not only increases consumer interest but also drives innovation and expansion within the market.
Threat:
High maintenance and repair costs
High maintenance and repair costs in split air conditioning systems arise due to the complexity of components such as compressors, evaporators, and condensers, which require specialized service and parts. Frequent servicing, cleaning, and refrigerant recharging can add to expenses. Additionally, technical failures and the need for skilled technicians can drive up costs. As a result, it hampers market growth by reducing affordability and limiting the adoption of air conditioning systems in both residential and commercial sectors.
Covid-19 Impact
The covid-19 pandemic temporarily slowed the growth of the split air conditioning systems market due to supply chain disruptions, factory shutdowns, and reduced consumer spending. With decreased demand in commercial sectors like hospitality and offices, the residential market saw more significant growth as people focused on home comfort. However, the market rebounded as construction activities resumed, with increasing demand for energy-efficient and eco-friendly systems. The focus on improving indoor air quality further contributed to the market's recovery.
The wall-mounted split air conditioners segment is expected to be the largest during the forecast period
The wall-mounted split air conditioners segment is predicted to secure the largest market share throughout the forecast period. Wall-mounted split air conditioners are a popular type of split AC system, typically installed high on a wall to save space and provide efficient cooling. They consist of an indoor unit with an evaporator and an outdoor unit housing the compressor and condenser. Known for their energy efficiency, quiet operation, and easy installation, these units are ideal for residential and small commercial spaces.
The commercial segment is expected to have the highest CAGR during the forecast period
The commercial segment is anticipated to witness the highest CAGR during the forecast period. In commercial applications, split air conditioning systems are widely used in offices, retail spaces, restaurants, and healthcare facilities due to their energy efficiency, quiet operation, and flexible installation. These systems offer precise temperature control and are ideal for spaces with varying cooling requirements. The demand is driven by the growing emphasis on comfort, energy savings, and improved work environments.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period fuelled by rapid urbanization, increasing temperatures, and growing disposable incomes. Countries like China, India, Japan, and South Korea are key markets, with rising demand for residential and commercial cooling solutions. The region's expanding construction industry, coupled with government initiatives promoting energy-efficient appliances, supports market growth.
Region with highest CAGR:
North America is expected to witness the highest CAGR over the forecast period driven by rising temperatures, increased urbanization, and a strong demand for energy-efficient cooling solutions. The U.S. and Canada are key markets, where both residential and commercial sectors are adopting split AC systems due to their superior energy efficiency and advanced features. Technological innovations like smart thermostats and eco-friendly refrigerants are contributing to market growth.
Key players in the market
Some of the key players profiled in the Split Air Conditioning Systems Market include Daikin Industries Limited, LG Electronics, Mitsubishi Electric Corporation, Panasonic Corporation, Carrier Global Corporation, Samsung Electronics Corporation, Hitachi Limited, Toshiba Corporation, Voltas Limited, Blue Star Limited, Johnson Controls International, Haier Group Corporation, Fujitsu General Limited, Sharp Corporation, Liebherr Group, Gree Electric Appliances Inc., Trane Technologies, Lennox International Inc., Arcelik A.S. and Midea Group.
Key Developments:
In January 2025, Blue Star launched the “Multi-Inverter Split Air Conditioner”, a highly innovative design aimed at enhancing cooling efficiency and energy-saving potential. It addresses modern air conditioning needs by providing greater flexibility and reducing the overall operational cost, which makes it a valuable choice for both residential and commercial spaces.
In April 2024, Voltas has launched its new commercial AC product line-up for commercial spaces at the ACREX India 2024 in Noida. The new Inverter Scroll Chillers have a cooling capacity ranging from 12-72 TR with eco-friendly refrigerants. The product is IoT enabled, BMS compatible, silent in operation and convenient for the user, as it can be operated through a mobile app.
Products Covered:
• Wall-Mounted Split Air Conditioners
• Ceiling-Mounted Split Air Conditioners
• Floor-Mounted Split Air Conditioners
• Ductless Mini-Split Air Conditioners
• Other Products
Compressor Types Covered:
• Rotary Compressor
• Reciprocating Compressor
• Scroll Compressor
• Other Compressor Types
Energy Efficiencies Covered:
• Low Energy Efficiency (1-2 Star)
• Medium Energy Efficiency (3-4 Star)
• High Energy Efficiency (5 Star & Above)
Distribution Channels Covered:
• Online Retailers
• Offline Retailers
• Third-party Distributors
• Other Distribution Channels
Technologies Covered:
• Inverter Split Air Conditioners
• Non-Inverter Split Air Conditioners
End Users Covered:
• Residential
• Commercial
• Industrial
• Automotive
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Split Air Conditioning Systems Market, By Product
5.1 Introduction
5.2 Wall-Mounted Split Air Conditioners
5.3 Ceiling-Mounted Split Air Conditioners
5.4 Floor-Mounted Split Air Conditioners
5.5 Ductless Mini-Split Air Conditioners
5.6 Other Products
6 Global Split Air Conditioning Systems Market, By Compressor Type
6.1 Introduction
6.2 Rotary Compressor
6.3 Reciprocating Compressor
6.4 Scroll Compressor
6.5 Other Compressor Types
7 Global Split Air Conditioning Systems Market, By Energy Efficiency
7.1 Introduction
7.2 Low Energy Efficiency (1-2 Star)
7.3 Medium Energy Efficiency (3-4 Star)
7.4 High Energy Efficiency (5 Star & Above)
8 Global Split Air Conditioning Systems Market, By Distribution Channel
8.1 Introduction
8.2 Online Retailers
8.3 Offline Retailers
8.4 Third-party Distributors
8.5 Other Distribution Channels
9 Global Split Air Conditioning Systems Market, By Technology
9.1 Introduction
9.2 Inverter Split Air Conditioners
9.3 Non-Inverter Split Air Conditioners
10 Global Split Air Conditioning Systems Market, By End User
10.1 Introduction
10.2 Residential
10.3 Commercial
10.4 Industrial
10.5 Automotive
10.6 Other End Users
11 Global Split Air Conditioning Systems Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Daikin Industries Limited
13.2 LG Electronics
13.3 Mitsubishi Electric Corporation
13.4 Panasonic Corporation
13.5 Carrier Global Corporation
13.6 Samsung Electronics Corporation
13.7 Hitachi Limited
13.8 Toshiba Corporation
13.9 Voltas Limited
13.10 Blue Star Limited
13.11 Johnson Controls International
13.12 Haier Group Corporation
13.13 Fujitsu General Limited
13.14 Sharp Corporation
13.15 Liebherr Group
13.16 Gree Electric Appliances Inc.
13.17 Trane Technologies
13.18 Lennox International Inc.
13.19 Arcelik A.S.
13.20 Midea Group
List of Tables
1 Global Split Air Conditioning Systems Market Outlook, By Region (2022-2030) ($MN)
2 Global Split Air Conditioning Systems Market Outlook, By Product (2022-2030) ($MN)
3 Global Split Air Conditioning Systems Market Outlook, By Wall-Mounted Split Air Conditioners (2022-2030) ($MN)
4 Global Split Air Conditioning Systems Market Outlook, By Ceiling-Mounted Split Air Conditioners (2022-2030) ($MN)
5 Global Split Air Conditioning Systems Market Outlook, By Floor-Mounted Split Air Conditioners (2022-2030) ($MN)
6 Global Split Air Conditioning Systems Market Outlook, By Ductless Mini-Split Air Conditioners (2022-2030) ($MN)
7 Global Split Air Conditioning Systems Market Outlook, By Other Products (2022-2030) ($MN)
8 Global Split Air Conditioning Systems Market Outlook, By Compressor Type (2022-2030) ($MN)
9 Global Split Air Conditioning Systems Market Outlook, By Rotary Compressor (2022-2030) ($MN)
10 Global Split Air Conditioning Systems Market Outlook, By Reciprocating Compressor (2022-2030) ($MN)
11 Global Split Air Conditioning Systems Market Outlook, By Scroll Compressor (2022-2030) ($MN)
12 Global Split Air Conditioning Systems Market Outlook, By Other Compressor Types (2022-2030) ($MN)
13 Global Split Air Conditioning Systems Market Outlook, By Energy Efficiency (2022-2030) ($MN)
14 Global Split Air Conditioning Systems Market Outlook, By Low Energy Efficiency (1-2 Star) (2022-2030) ($MN)
15 Global Split Air Conditioning Systems Market Outlook, By Medium Energy Efficiency (3-4 Star) (2022-2030) ($MN)
16 Global Split Air Conditioning Systems Market Outlook, By High Energy Efficiency (5 Star & Above) (2022-2030) ($MN)
17 Global Split Air Conditioning Systems Market Outlook, By Distribution Channel (2022-2030) ($MN)
18 Global Split Air Conditioning Systems Market Outlook, By Online Retailers (2022-2030) ($MN)
19 Global Split Air Conditioning Systems Market Outlook, By Offline Retailers (2022-2030) ($MN)
20 Global Split Air Conditioning Systems Market Outlook, By Third-party Distributors (2022-2030) ($MN)
21 Global Split Air Conditioning Systems Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
22 Global Split Air Conditioning Systems Market Outlook, By Technology (2022-2030) ($MN)
23 Global Split Air Conditioning Systems Market Outlook, By Inverter Split Air Conditioners (2022-2030) ($MN)
24 Global Split Air Conditioning Systems Market Outlook, By Non-Inverter Split Air Conditioners (2022-2030) ($MN)
25 Global Split Air Conditioning Systems Market Outlook, By End User (2022-2030) ($MN)
26 Global Split Air Conditioning Systems Market Outlook, By Residential (2022-2030) ($MN)
27 Global Split Air Conditioning Systems Market Outlook, By Commercial (2022-2030) ($MN)
28 Global Split Air Conditioning Systems Market Outlook, By Industrial (2022-2030) ($MN)
29 Global Split Air Conditioning Systems Market Outlook, By Automotive (2022-2030) ($MN)
30 Global Split Air Conditioning Systems Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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