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. 

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, 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. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for AC manufacturers, AC component manufacturers, automobile companies, chemical companies, government organizations, venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American Air Conditioning Market Research and Analysis by Application 
2. North American Air Conditioning Market Research and Analysis by Refrigerant Type

The Report Covers

• Comprehensive research methodology of the North American Air Conditioning market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American Air Conditioning market.
• Insights about market determinants which are stimulating the North American Air Conditioning market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.