Mini Split Air Conditioning System Market - By Product Type (Single-Zone Mini-Splits, Multi-Zone Mini-Splits), By Installation, By Technology, By Price, By Capacity, By End- Use, By Distribution Channel & Forecast, 2023

Description

List of Tables

The global mini split air conditioning system market is expected to register a 4.9% CAGR during 2023-2032 propelled by increasing demand for energy-efficient cooling solutions, a surge in residential and commercial construction, and a growing preference for customized climate control.

According to facts published by roundup.org in 2023, sustainable products surged 2.7 times faster than others, driven by 78% of consumers prioritizing sustainability. The consumer share of 55% are willing to pay extra for eco-friendly brands, while 84% would distance themselves from companies with poor environmental practices. As sustainability becomes a key consideration for consumers and businesses alike, mini-split systems, renowned for their energy-efficient operation, are witnessing heightened demand.

The global mini split air conditioning system industry is classified based on product type, installation, technology, price, capacity, end-use, distribution channel, and region.

The multi-zone segment is expected to register sustained growth during 2023-2032 owing to their ability to allow users to cool multiple rooms or zones independently, providing better comfort and energy savings. This innovative approach to cooling is gaining traction in both residential and commercial settings, as users appreciate the flexibility and cost-effectiveness of cooling only the areas in use.

The free-standing installation segment is set for steady growth through 2032 as they offer a flexible and aesthetically pleasing solution, allowing users to position the unit in various locations within a room. They also cater to consumers seeking versatile cooling options without the constraints of wall-mounted installations, thus gaining traction among a large consumer base.

Asia Pacific mini-split air conditioning system industry is anticipated to witness notable growth over 2023 and 2032, driven by rapid urbanization, a surge in construction activities, and a rising middle-class population. Countries like China, Japan, and India are at the forefront of adopting mini-split systems, driven by a combination of climatic factors and a growing awareness of energy-efficient technologies.

Product Code: 7468

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 Data validation
1.6 Data Sources
- 1.6.1 Primary
- 1.6.2 Secondary
  - 1.6.2.1 Paid sources
  - 1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Mini Split Air Conditioning System industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Product Type trends
2.4 Installation trends
2.5 Technology trends
2.6 Capacity trends
2.7 End-Use trends
2.8 Distribution Channel
2.9 Regional Trend

Chapter 3 Mini Split Air Conditioning System Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Profit margin analysis
- 3.1.2 Pricing Analysis
3.2 Key news and initiatives
3.3 Regulatory landscape
3.4 Impact forces
3.5 Growth drivers
- 3.5.1 The significance of energy efficiency in HVAC systems
- 3.5.2 Tailoring climate control for specific zone
- 3.5.3 Ease of installation and flexibility design
3.6 Industry pitfalls & challenges
- 3.6.1 High Competition from Alternative Technologies
- 3.6.2 Market Saturation
3.7 Growth potential analysis
3.8 Demographic Overview
3.9 Consumer Behaviour Analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Mini Split Air Conditioning System Market Size and Forecast, By Product Type 2018 - 2032, (USD Billion; Million Units)

5.1 Single-Zone Mini-Splits
5.2 Multi-Zone Mini-Splits

Chapter 6 Mini Split Air Conditioning System Market Size and Forecast, By Installation 2018 - 2032, (USD Billion; Million Units)

6.1 Wall Mounted
6.2 Free Standing
6.3 Others (Floor Ceiling)

Chapter 7 Mini Split Air Conditioning System Market Size and Forecast, By Technology 2018 - 2032, (USD Billion; Million Units)

7.1 Inverter Mini-Splits
7.2 Non-Inverter Mini-Splits

Chapter 8 Mini Split Air Conditioning System Market Size and Forecast, By Price 2018 - 2032, (USD Billion; Million Units)

8.1 Low
8.2 Medium
8.3 High

Chapter 9 Mini Split Air Conditioning System Market Size and Forecast, By Capacity 2018 - 2032, (USD Billion; Million Units)

9.1 Less than 1 ton
9.2 1 to 1.5 ton
9.3 1.5 to 2 ton
9.4 More than 2 ton

Chapter 10 Mini Split Air Conditioning System Market Size and Forecast, By End-Use 2018 - 2032, (USD Billion; Million Units)

10.1 Residential
10.2 Commercial

Chapter 11 Mini Split Air Conditioning System Market Size and Forecast, By End-Use2018 - 2032, (USD Billion; Million Units)

11.1 Online
- 11.1.1 Company Owned Website
- 11.1.2 E- Commerce Website
11.2 Offline
- 11.2.1 Speciality Stores
- 11.2.2 Supermarke & Hypermarkets
- 11.2.3 Factory Outlets
- 11.2.4 Other retail stores

Chapter 12 Mini Split Air Conditioning System Market Size and Forecast, By Region 2018 - 2032, (USD Billion; Million Units)

12.1 Key trends, by region
12.2 North America
- 12.2.1 U.S.
- 12.2.2 Canada
- 12.2.3 Mexico
12.3 Europe
- 12.3.1 Germany
- 12.3.2 UK
- 12.3.3 France
- 12.3.4 Spain
- 12.3.5 Italy
12.4 Asia Pacific
- 12.4.1 Japan
- 12.4.2 China
- 12.4.3 India
- 12.4.4 Australia
- 12.4.5 South Korea
- 12.4.6 Indonesia
12.5 South America
- 12.5.1 Brazil
- 12.5.2 Argentina
12.6 Middle East and Africa
- 12.6.1 GCC
- 12.6.2 Saudi Africa

Chapter 13 Company Profiles

13.1 Daikin Industries, Ltd.
13.2 Mitsubishi Electric Corporation
13.3 Fujitsu General Ltd.
13.4 LG Electronics Inc.
13.5 Samsung Electronics Co., Ltd.
13.6 Carrier Corporation
13.7 Trane Technologies
13.8 GREE Electric Appliances Inc.
13.9 Johnson Controls International plc
13.10 Panasonic Corporation
13.11 Midea Group Co., Ltd.
13.12 Haier Group Corporation
13.13 Toshiba Corporation
13.14 Hitachi, Ltd.
13.15 Senville