What is the current Global Split Systems Market size?

The Global Split Systems Market is projected to register a CAGR of 4.88% during the forecast period (2024-2029) Read More

Who are the key players in Global Split Systems Market?

Daikin Industries, Ltd., Mitsubishi Electric Corporation, Hitachi, Ltd., Samsung Electronics Co., Ltd. and Panasonic Corporation are the major companies operating in the Global Split Systems Market. Read More

Which is the fastest growing region in Global Split Systems Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Split Systems Market?

In 2024, the Asia Pacific accounts for the largest market share in Global Split Systems Market. Read More

What years does this Global Split Systems Market cover?

The report covers the Global Split Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Split Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Split Systems Market Size & Share Analysis - Industry Research Report

Split Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Split Systems Market is Segmented by Equipment Type (mini-Split, Multi-Split, and Variable Refrigerant Flow (VRF), by Application (residential and Commercial), and by Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Split Systems Industry Overview

The Split Systems Market is Semi-Consolidated, with the presence of major players like Daikin Industries, Ltd., Mitsubishi Electric Corporation, Hitachi, Ltd., Samsung Electronics Co., Ltd., and Panasonic Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

May 2023 - Mitsubishi Electric announced an investment of about INR 1,891 crore (USD 227 million) into setting up a new factory in Tamil Nadu, India. The company has signed a memorandum of understanding with TN's guidance, which the State Government promoted. The plant would undertake several initiatives for carbon neutrality, including limiting CO2 emissions by increasing thermal insulation and using highly effective air conditioning and hot water systems.
February 2023 - Samsung announced introducing the WindFreeAcs lineup to address consumers' need for a powerful air conditioner that combines fast cooling, energy efficiency, clean air, and convenience with great aesthetics effortlessly. WindFreetechnology is designed to eliminate cold solid air and distributes air at a speed of 0.15 m/s through 23,000 micro-holes, promising 43% faster cooling, providing powerful cooling and perfect comfort. The new product range includes 36 WindFreeair conditioner models.