DUBLIN--(BUSINESS WIRE)--The "Global Split AC Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
The global split AC market was valued at US$92.603 billion in 2017 and is expected to grow at a CAGR of 5.44% to reach a market size of US$120.68 billion by the year 2022.
The global market for split air conditioners is largely driven by the increase in both commercial and residential construction activities. Moreover, rapid urbanization and rising disposable income lead to the construction of high rise buildings such as skyscrapers which, in turn, further augment the market growth significantly.
Continuous technological improvement and government regulation and legislation lead to the development of energy efficient ACs while propelling the split AC market growth. The rising competition in the market owing to increasing number of players results in decreasing price and thereby contributing to the market growth. However, rising electricity prices and high implementation cost may act as a threat to market growth.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Split AC Market Forecast by Product(US$ billion)
6. Global Split AC Market Forecast by Application(US$ billion)
7. Global Split AC Market Forecast by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
- Panasonic Inc.
- DAIKIN INDUSTRIES, Ltd.
- LG Electronics.
- Carrier Midea
- Siemens
- Mitsubishi Electric Corporation
- Whirlpool
- Samsung Electronics Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/lmjnks/global_split_ac
