Split AC Market in the US 2014-2018

Price :
Published : Jul-2014
No. of Pages : 58

Report Description

ACs have become an integral part of US households. They are also being used for the cooling of commercial space . The size of the AC depends on the cooling requirements. The advent of central ACs that utilize ducting in the home for both heating and cooling is leading to residential ACs becoming popular in the US. The Commercial AC market in the US is also changing because of the rise in energy costs and power source requirements, which have been changing and improving over the last decade. This has given way to the split ACs that have emerged as a better alternative in terms of power consumption and cooling capacity. Split ACs are cost-effective and energy-efficient and involve little or no installation cost.

TechNavio’s analysts forecast the Split AC market in the US will grow at a CAGR of 7.81 percent over the period 2013-2018.

Covered in this Report

The report covers the present scenario and the growth prospects of the Split AC market in the US for the period 2014-2018. To calculate the market size and vendor share, it considers the revenue generated from the sales in the following product segments: US Ducted Splits, Unducted Standard Splits, VRF, and Ducted Standard Splits

TechNavio’s report, the Split AC Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the Split AC market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Country

US

Key Vendors

  • Daikin
  • Ingersoll-Rand
  • Johnson Controls
  • Toshiba

Other Prominent Vendors

  • Fujitsu
  • Lennox International
  • LG
  • Mitsubishi Electric
  • Nordyne
  • Paloma

Key Market Driver

  • Increased Construction Activities
  • For a full, detailed list, view our report.

Key Market Challenge

  • Rise in Raw Material Prices
  • For a full, detailed list, view our report.

Key Market Trend

  • Technological Innovation
  • For a full, detailed list, view our report.

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Table of Contents

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings

04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology

05. Introduction

06. Market Landscape
06.1 Market Overview
06.2 Market Size and Forecast
06.3 Five Forces Analysis

07. Market Segmentation by Product
07.1 Split AC market in the US by Product Segmentation
07.2 US Ducted Split AC market in the US
07.2.1 Market Size and Forecast
07.3 Unducted Standard Split AC market in the US
07.3.1 Market Size and Forecast
07.4 VRF Market in the US
07.4.1 Market Size and Forecast
07.5 Ducted Standard Split AC market in the US
07.5.1 Market Size and Forecast

08. Buying Criteria

09. Market Growth Drivers

10. Drivers and their Impact

11. Market Challenges

12. Impact of Drivers and Challenges

13. Market Trends

14. Trends and their Impact

15. Vendor Landscape
15.1 Competitive Scenario
15.1.1 Key News
15.1.2 Mergers and Acquisitions
15.2 Market Share Analysis 2013
15.3 Other Prominent Vendors

16. Key Vendor Analysis
16.1 Daikin
16.1.1 Business Overview
16.1.2 Business Segmentation
16.1.3 Key Information
16.1.4 SWOT Analysis
16.2 Ingersoll-Rand
16.2.1 Business Overview
16.2.2 Business Segmentation
16.2.3 Key Information
16.2.4 SWOT Analysis
16.3 Johnson Controls
16.3.1 Business Overview
16.3.2 Business Segmentation
16.3.3 Key Information
16.3.4 SWOT Analysis
16.4 Toshiba
16.4.1 Business Overview
16.4.2 Business Segmentation
16.4.3 Key Information
16.4.4 SWOT Analysis

17. Other Prominent Vendors
17.1 Fujitsu
17.2 Lennox International
17.3 LG
17.4 Mitsubishi Electric
17.5 Nordyne
17.6 Paloma

18. Other Reports in this Series

List of Exhibits

Exhibit 1: Market Research Methodology
Exhibit 2: Types of Split AC in the US
Exhibit 3: Split AC Market in the US 2013-2018 (US$ million)
Exhibit 4: Split AC Market in the US by Product Segmentation
Exhibit 5: Split AC Market in the US Product Segmentation 2013
Exhibit 6: Split AC Market in the US Product Segmentation 2018
Exhibit 7: Split AC Market in the US Product Segmentation 2013-2018 (US$ million)
Exhibit 8: Split AC Market in the US Product Segmentation 2013-2018
Exhibit 9: US Ducted Split AC Market in the US 2013-2018 (US$ million)
Exhibit 10: Unducted Standard Split AC Market in the US 2013-2018 (US$ million)
Exhibit 11: VRF Market in the US 2013-2018 (US$ million)
Exhibit 12: Ducted Standard Split AC Market in the US 2013-2018 (US$ million)
Exhibit 13: Smart Home Market in the US 2013-2020 (US$ billion)
Exhibit 14: Real GDP of the US 2006-2013 (US$ trillion)
Exhibit 15: Split AC Market in the US by Vendor Segmentation 2013
Exhibit 16: Exhibit 12: Business Segmentation of Daikin
Exhibit 17: Exhibit 12: Business Segmentation of Ingersoll-Rand
Exhibit 18: Exhibit 12: Business Segmentation of Johnson Controls
Exhibit 19: Exhibit 12: Business Segmentation of Toshiba

Press Release

TechNavio Announces the Publication of its Research Report - Split AC Market in the US 2014-2018

TechNavio recognizes the following companies as the key players in Split AC Market in the US: Daikin Industries Ltd., Ingersoll-Rand plc, Johnson Controls Inc., and Toshiba Corp.

Other prominent vendors in the market are: Fujitsu, Lennox International, LG, Mitsubishi Electric, Nordyne, and Paloma

Commenting on the report, an analyst from TechNavio’s team said: “The Split AC market in the US has the potential to grow because of the presence of many trends in the market. Innovations in technology are making the Split AC market in the US dynamic. The introduction of ductless split AC systems is the latest trend. These technologically advanced products are gaining more acceptance among customers. Japanese vendors are bringing cutting-edge technology and state-of-the-art manufacturing facilities into the US market. The growing awareness of eco-friendly electronic products is another factor propelling market growth.”

According to the report, Unducted standard splits have recorded tremendous growth in the last few years in the US. This trend is expected to continue in the future years. Unducted standard splits have numerous potential applications in the Residential, Commercial, and Institutional Building sectors. These ACs are common in Asia and Europe, but have a comparatively low penetration in the US. The Unducted Standard Split ACs segment represented only 5 percent of the US Unitary AC market in 2013. There are various reasons behind the increased purchase of these ACs such as the hassle-free installation as no ductwork is required, zoning capability, i.e., flexibility in heating and cooling individual rooms, and flexibility within the design space. In 2013, unducted standard splits were installed in 80-85 percent of commercial buildings in the US.

Further, the report states that the rise in raw material prices is one of the biggest challenges faced by the Split AC market in the US because it is reducing the profit margins of manufacturers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Consumer Electronics, Semiconductor & Electronics
Publisher : Infiniti Research Limited
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