China Split Systems Market (2025-2031) | Segmentation, Value, Outlook, Size & Revenue, Forecast, Growth, Competitive Landscape, Analysis, Share, Companies, Trends, Industry

Market Forecast By Equipment Type (Mini-Split, Multi-Split, Variable Refrigerant Flow (VRF)), By Application (Residential, Commercial) And Competitive Landscape
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

China Split Systems Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

China Split Systems Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • China Split Systems Market Outlook
  • Market Size of China Split Systems Market, 2024
  • Forecast of China Split Systems Market, 2031
  • Historical Data and Forecast of China Split Systems Revenues & Volume for the Period 2021- 2031
  • China Split Systems Market Trend Evolution
  • China Split Systems Market Drivers and Challenges
  • China Split Systems Price Trends
  • China Split Systems Porter's Five Forces
  • China Split Systems Industry Life Cycle
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By Equipment Type for the Period 2021- 2031
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By Mini-Split for the Period 2021- 2031
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By Multi-Split for the Period 2021- 2031
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By Variable Refrigerant Flow (VRF) for the Period 2021- 2031
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By Residential for the Period 2021- 2031
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By Commercial for the Period 2021- 2031
  • Historical Data and Forecast of China Split Systems Market Revenues & Volume By 0 for the Period 2021- 2031
  • China Split Systems Import Export Trade Statistics
  • Market Opportunity Assessment By Equipment Type
  • Market Opportunity Assessment By Application
  • China Split Systems Top Companies Market Share
  • China Split Systems Competitive Benchmarking By Technical and Operational Parameters
  • China Split Systems Company Profiles
  • China Split Systems Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the China Split Systems Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the China Split Systems Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 assessment - trade Analytics for 2030

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.

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