The global Split Air Conditioning Systems Market is experiencing significant transformations, driven by technological innovations, strategic mergers and acquisitions, and increased investments. These developments are reshaping the competitive landscape and setting the stage for future growth.

Top 5 Companies by Market Share

According to Maximize Market Research, the leading players in the split air conditioning systems market are:

  1. Daikin Industries, Ltd. – A global leader renowned for its energy-efficient and environmentally friendly HVAC solutions.

  2. Mitsubishi Electric Corporation – Known for its advanced technologies and commitment to sustainability.

  3. Hitachi, Ltd. – Offers a diverse range of air conditioning products with a focus on innovation.

  4. Samsung Electronics Co., Ltd. – Combines cutting-edge technology with sleek designs in its HVAC offerings.

  5. Panasonic Corporation – Emphasizes eco-friendly solutions and smart technologies in its air conditioning systems.

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Recent Mergers and Acquisitions

The market has witnessed notable consolidation activities:

  • In May 2025, Samsung Electronics announced its acquisition of Germany's FläktGroup for €1.5 billion ($1.68 billion). This move aims to strengthen Samsung's position in the commercial HVAC sector, particularly in cooling solutions for data centers.

  • In July 2024, Bosch agreed to acquire Johnson Controls-Hitachi's residential and light commercial HVAC assets for $6.7 billion. This acquisition includes the Hitachi brand's global operations, enhancing Bosch's footprint in the HVAC market.

Recent Developments in the Market

Technological advancements continue to drive the market forward:

  • Daikin Industries introduced the VRV 7 multi-air conditioner series in November 2024, boasting industry-leading energy efficiency and reduced environmental impact.

  • Panasonic Corporation invested in INNOVA S.r.l., acquiring a 40% stake in February 2024. This partnership aims to enhance the development of hydronic systems, including air conditioning and ventilation solutions.

  • Haier Group launched its Self Clean Inverter technology, allowing users to clean the evaporator of split air conditioners with minimal effort, thereby improving air quality and system longevity.

New Funding and Investments

Companies are making significant investments to bolster their market positions:

  • Mitsubishi Electric announced an investment of approximately INR 1,891 crore (USD 227 million) in May 2023 to establish a new factory in Tamil Nadu, India. This facility aims to enhance production capabilities and support carbon neutrality initiatives.

  • Samsung Electronics formed a joint venture with Lennox International in the HVAC sector, focusing on the development and distribution of advanced heating and cooling solutions.

Conclusion

The split air conditioning systems market is undergoing a dynamic phase characterized by strategic mergers, technological innovations, and substantial investments. Leading companies are not only expanding their global footprints but also focusing on sustainable and energy-efficient solutions to meet evolving consumer demands. As the market continues to evolve, these strategic initiatives are expected to drive growth and set new industry standards.