The global smart air conditioning market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period (2024-2031). The rising average temperature is one of the prime factors affecting and driving the demand of smart air conditioning market. As per 2020, Annual Climate Report of National Oceanic and Atmospheric Administration, the temperature of land and ocean has increased with an average rate of around 0.13 degrees Fahrenheit (0.08 degrees Celsius) per decade when compared since 1880. Moreover, one of the main causes of increasing temperature is due to rising greenhouse gas emissions that is through various activities performed by human. This, in turn, is boosting the adoption of smart air conditioners for getting more cooling temperature along with more convenience and comfort.
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To gain on the opportunity key players operating in the global smart air conditioning market had been adopting strategy such as new launches to achieve major market share. For instance, in September 2020, Ambi Labs had introduced its new smart air conditioning controller that is named as Ambi Climate Mini. Through this new product the user can control air conditioner with the support of voice assistants that includes google along with Alexa.
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Market Coverage
- Segment Covered-
o By Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Daikin Industries, Ltd., Johnson Controls–Hitachi Air Conditioning, LG Electronics, Panasonic Corp., and Samsung
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Smart Air Conditioning Market – Segmentation
By Type
- Split Air Conditioner
- Window Air Conditioner
- Packaged Air Conditioner
- Central Air Conditioning System
By End-User
- Residential
- Commercial
- Other
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