Market Forecast By Product Type (Ductless, VRF, Ducted), By Application (Residential, Commercial) And Competitive Landscape
Product Code: ETC027775 | Publication Date: Oct 2020 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Australia split air conditioner market import shipment demonstrated steady growth with a CAGR of 4.50% from 2020 to 2024, showing signs of stability. Notably, there was a notable acceleration in growth between 2023 and 2024, with a growth rate of 38.60%, indicating a significant surge in demand and market expansion.
According to 6Wresearch internal database and industry insights, the Australia split air conditioners market is projected to grow at a compound annual growth rate (CAGR) of approximately 5.8% during the forecast period (2025–2031).
Report Name | Australia Split Air conditioners Market |
Forecast Period | 2025–2031 |
CAGR | 5.8% |
Growing Sector | Residential |
The Australia Split Air conditioners Market report thoroughly covers the market by product type and application. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The split air conditioners market in Australia is experiencing a massive growth in the recent years, with the growing urbanization, preference for energy-efficient cooling solutions, and increasing temperatures in the country. Split air conditioners, consisting of an indoor and an outdoor unit, are favored for their superior cooling performance and quiet operation appropriate for modern homes and offices.
The Australia Split Air conditioners Market is anticipated to grow at a CAGR of 5.8% during the forecast period 2025-2031. The primary driver of the Australia split air conditioners market is the growing demand for energy-efficient cooling solutions. Energy costs and the increasing awareness around sustainability has encouraged consumers toward split air conditioners that will provide them with the best cooling while using the decreasing energy usage. Additionally, Australia's hot climate and frequent heatwaves further boost the requirement for reliable air conditioning systems. Furthermore, advanced technologies that include smart features, IoT-enabled devices and AI-powered cooling modes have contributed to the increased awareness from customers, making split air conditioners increasingly attractive for homes and workplaces alike.
Despite growth opportunities, the market faces several challenges. High upfront costs of split air conditioners can deter price-sensitive consumers from making a purchase. Furthermore, installation complexities and the need for regular maintenance may add to operational expenses, impacting affordability for some users.
The Australia split air conditioners industry is experiencing significant trends influenced by technology and shifting consumer preferences. Demand for energy-efficient systems has led to the emergence of inverter based air conditioners that provide superior performance and electricity savings. Smart technologies with applications such as Wi-Fi & remote control features are becoming more commonplace, catching the attention of technologically savvy consumers.
The Australia split air conditioners market comprises several significant investment opportunities for stakeholders. Increases in temperature, and increasing numbers of heatwave occurrences have led to an increasing demand for air conditioning solutions across residential, commercial and industrial spaces. Investors have the opportunity to benefit from the strong trend toward energy efficient and smart air conditioners that resonate with eco-friendly and tech friendly customers.
Several companies are recognized as leading players in the Australia split air conditioners market, driving innovation and meeting diverse consumer demands. Notable names include Daikin, Mitsubishi Electric, Fujitsu, Panasonic, and LG, among others. These companies focus on offering energy-efficient models with advanced features such as Wi-Fi connectivity, smart control systems, and eco-friendly refrigerants.
According to Australian government data, Government regulations are a critical component in determining the split air conditioners market in Australia. This country is dedicated to adopting strict energy efficiency standards that are supported by programs such as the Minimum Energy Performance Standards (MEPS). This ensures air conditioning units' compliance with established efficiency standards, thus reducing energy consumption and reducing greenhouse gas emissions. Furthermore, policies to promote environmentally friendly refrigerants, along with incentives to invest in energy-efficient appliances continue to increase consumer demand for sustainable products. Compliance with such regulations encourages producers' innovation and implementation of modern, more environmentally friendly solutions.
The future of the split air conditioners market in Australia appears highly promising. With an increasing emphasis on energy efficiency and sustainability, there is a likely shift toward the deployment of refrigerants with less global warming potential (GWP) and advanced inverter technology. Additionally, Increasing urbanization and increases in disposable income forecast demand for premium air conditioning solutions with smart technology. The push into regional markets, through partnerships and other collaborative ventures, is expected to be an important growth factor.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Shivika Aneja, Senior Research Analyst at 6Wresearch, the ductless category is leading due to its energy efficiency, ease of installation, and cost-effectiveness. Ductless systems offer flexibility in cooling individual spaces, making them a preferred choice among consumers seeking targeted comfort.
The residential segment accounts for the Australia Split Air conditioners Market share, driven by rising demand for air conditioning solutions in homes amid increasing temperatures and improved living standards. With growing urbanization, more households are opting for split air conditioners due to their efficiency and compact design.
The Market report covers a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Split Air conditioners Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Split Air conditioners Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Split Air conditioners Market - Industry Life Cycle |
3.4 Australia Split Air conditioners Market - Porter's Five Forces |
3.5 Australia Split Air conditioners Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Australia Split Air conditioners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Split Air conditioners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient cooling solutions |
4.2.2 Growing urbanization and construction activities in Australia |
4.2.3 Rising disposable income levels leading to higher spending on home comfort solutions |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to varying weather conditions |
4.3.2 High initial installation and maintenance costs |
4.3.3 Competition from other cooling technologies like ducted air conditioning systems |
5 Australia Split Air conditioners Market Trends |
6 Australia Split Air conditioners Market, By Types |
6.1 Australia Split Air conditioners Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Split Air conditioners Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Australia Split Air conditioners Market Revenues & Volume, By Ductless, 2021-2031F |
6.1.4 Australia Split Air conditioners Market Revenues & Volume, By VRF, 2021-2031F |
6.1.5 Australia Split Air conditioners Market Revenues & Volume, By Ducted, 2021-2031F |
6.2 Australia Split Air conditioners Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Split Air conditioners Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Australia Split Air conditioners Market Revenues & Volume, By Commercial, 2021-2031F |
7 Australia Split Air conditioners Market Import-Export Trade Statistics |
7.1 Australia Split Air conditioners Market Export to Major Countries |
7.2 Australia Split Air conditioners Market Imports from Major Countries |
8 Australia Split Air conditioners Market Key Performance Indicators |
8.1 Average energy efficiency rating of split air conditioners sold |
8.2 Number of new residential construction projects in Australia |
8.3 Percentage of households with air conditioning systems installed |
9 Australia Split Air conditioners Market - Opportunity Assessment |
9.1 Australia Split Air conditioners Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Australia Split Air conditioners Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Split Air conditioners Market - Competitive Landscape |
10.1 Australia Split Air conditioners Market Revenue Share, By Companies, 2024 |
10.2 Australia Split Air conditioners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |