| Product Code: ETC6754159 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, China saw a significant increase in split system import shipments, with top exporting countries being Thailand, China, Italy, USA, and Taiwan. The market concentration, as measured by HHI, shifted from low to moderate concentration, indicating a more consolidated market landscape. The impressive compound annual growth rate of 13.97% from 2020 to 2024 demonstrates the robust expansion of the industry. Moreover, the growth rate of 10.68% from 2023 to 2024 highlights the continued momentum and opportunities present in the Chinese split systems market.

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 China Split Systems Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Split Systems Market Revenues & Volume, 2021 & 2031F |
3.3 China Split Systems Market - Industry Life Cycle |
3.4 China Split Systems Market - Porter's Five Forces |
3.5 China Split Systems Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 China Split Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 China Split Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization in China leading to higher demand for split systems in residential and commercial buildings. |
4.2.2 Growing awareness about energy efficiency and environmental concerns driving the adoption of energy-efficient split systems. |
4.2.3 Technological advancements in split system technology leading to more efficient and feature-rich products. |
4.3 Market Restraints |
4.3.1 High initial costs associated with purchasing and installing split systems may limit adoption rates, especially in lower-income segments. |
4.3.2 Fluctuating raw material prices affecting the manufacturing costs of split systems. |
4.3.3 Competition from alternative cooling technologies such as central air conditioning systems or portable air conditioners. |
5 China Split Systems Market Trends |
6 China Split Systems Market, By Types |
6.1 China Split Systems Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 China Split Systems Market Revenues & Volume, By Equipment Type, 2021- 2031F |
6.1.3 China Split Systems Market Revenues & Volume, By Mini-Split, 2021- 2031F |
6.1.4 China Split Systems Market Revenues & Volume, By Multi-Split, 2021- 2031F |
6.1.5 China Split Systems Market Revenues & Volume, By Variable Refrigerant Flow (VRF), 2021- 2031F |
6.2 China Split Systems Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 China Split Systems Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 China Split Systems Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.2 China Split Systems Market Revenues & Volume, By 0, 2021- 2031F |
7 China Split Systems Market Import-Export Trade Statistics |
7.1 China Split Systems Market Export to Major Countries |
7.2 China Split Systems Market Imports from Major Countries |
8 China Split Systems Market Key Performance Indicators |
8.1 Energy efficiency ratings of split systems, indicating the overall sustainability and performance of products. |
8.2 Adoption rate of inverter technology in split systems, as it is a key indicator of technological advancement and energy savings. |
8.3 Number of new building constructions in urban areas utilizing split systems, reflecting the market penetration and demand for the product. |
8.4 Government policies and incentives supporting the adoption of energy-efficient cooling solutions, influencing the market growth and consumer behavior. |
8.5 Number of HVAC (Heating, Ventilation, and Air Conditioning) professionals trained in the installation and maintenance of split systems, ensuring a skilled workforce to support market growth. |
9 China Split Systems Market - Opportunity Assessment |
9.1 China Split Systems Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 China Split Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 China Split Systems Market - Competitive Landscape |
10.1 China Split Systems Market Revenue Share, By Companies, 2024 |
10.2 China Split Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here