Orion Market Research
Global Split Air Conditioning Market, Size, Share,
Analysis Report & Forecast to 2025
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The global split air conditioning market is forecast to grow at a CAGR of 4% during the forecast period.
Split AC comprises of an indoor and an outdoor unit that is connected by a refrigerant piping. There are
variations of split-type ACs available in the market. These are inverter split AC, no-inverter split
conditioners, and multi-split AC. Major factors augmenting the market are increasing urbanization,
increasing disposable income, cohesive government regulations related to refrigerants, adverse climate
change and so on. The rise in the demand of inverter AC is providing a significant opportunity to the
market. Significant changes will be witnessed during the forecast period.
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The market is segmented on the basis of application and refrigerant type. By application, the market is
segmented into residential, commercial, industrial, and others. The residential segment is expected to
show a significant growth rate globally. By refrigerant type, the market is further divided into HCFC, HFC,
HFO, and natural refrigerant. As per the Montreal Protocol, HCFC will be totally phased out from the
developed countries in 2020 and by 2030 in developing countries. Phase-out of HFC will also start from
2019 in developed economies. Due to this HFO and natural refrigerants will find a significant growth rate
during the forecast period.
On the basis of geography, the global split air conditioning market is segmented into North America,