Innovative Cooling Technologies Propel Global Split AC Market Amid Rising Middle-Class Demand
DUBLIN, Sept. 6, 2023 /PRNewswire/ -- The "Global Split AC Market (2023-2028) by Type, Equipment Type, Distribution Channel, Applications, and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The global Split Air Conditioner (AC) market is on a trajectory of substantial growth, with estimates projecting its value to rise from $31.94 billion in 2023 to a substantial $45.22 billion by 2028.
This expansion is driven by a robust Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.
A split air conditioner, also known as a ductless or mini-split system, is redefining the concept of cooling comfort through its innovative design and functionality. The core components of a split AC comprise an indoor unit and an outdoor unit. In contrast to traditional central AC systems that rely on complex ductwork to circulate cool air, split ACs eliminate the need for ducts entirely.
One of the key strengths of split ACs lies in their energy efficiency. By harnessing variable-speed compressors and inverter technology, these systems dynamically adjust their cooling capacity to match the specific cooling load. This energy-efficient operation translates to reduced electricity consumption and lower utility bills, making split ACs an attractive choice for cost-conscious consumers.
Another advantage of split ACs is their installation flexibility. As the name suggests, they are ductless systems, which makes them suitable for a wide range of applications. Whether retrofitting existing structures or installing in spaces where traditional ductwork would be impractical, split ACs offer a practical solution. Moreover, the ability to connect multiple indoor units to a single outdoor unit facilitates zoning, enabling different areas to be cooled independently and tailored to individual preferences.
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