Global Split Air Conditioning Market Size, Share, Trends & Forecast 2019-2025Posted by Avinash on February 28th, 2020 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. Request a Free Sample of our Report on Global Split Air Conditioning Market: https://www.omrglobal.com/request-sample/split-air-conditioning-market 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. A full Report of Global Split Air Conditioning Market is Available at: https://www.omrglobal.com/industry-reports/split-air-conditioning-market On the basis of geography, the global split air conditioning market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The US is expected to hold a significant market during the forecast period. Asia-Pacific is expected to have a major market share with a significant growth rate during the forecast period. It is due to the significant demand for AC from the residential segment in the emerging economies including China, India, ASEAN countries and so on. The companies which are contributing significantly in the market include United Technologies Corp., LG Electronics Inc., Samsung Electronics Co., Ltd., Daikin Industries Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. Market Segmentation Split AIR CONDITIONING Market by Application
Global Split AIR CONDITIONING Market by Refrigerant Type
Regional Analysis
Company Profiles
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