About Smart Air Conditioner
A smart air conditioner is air conditioner units that connect to the other smart appliances in your home to better control your home's comfort level. It allows you to monitor and control the device using your smartphone or tablet. Wi-Fi connected air conditioners are a new class of home appliances that makes controlling the climate in your home or office easier than ever before with the help of smartphone apps and cutting-edge technology. Smart air conditioners typically don't require a remote for functionality. Once the command is given, either via a Wi-Fi connected device or voice, the air conditioner begins to generate cold air to circulate throughout the rooms in your home.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Smart Air Conditioner market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Carrier Corporation (United States), Daikin (Japan), LG Electronics (South Korea), Panasonic Corporation (Japan), Samsung (South Korea), Hitachi (Japan), Haier (China), Mitsubishi (Japan), Whirlpool (United States) and Toshiba (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Electrolux (Sweden), Fujitsu (Japan), Voltas (India), LLOYD (India) and Trane (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Smart Air Conditioner market by Type (Window Air Conditioners, Floor Stand Air Conditioners, Ceiling Type Air Conditioner and Wall Mounted Air Conditioner), Application (Commercial, Residential and Others) and Region.
On the basis of geography, the market of Smart Air Conditioner has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Less than 1 Ton will boost the Smart Air Conditioner market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coil Material, the sub-segment i.e. Aluminium & Alloy will boost the Smart Air Conditioner market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Smart Air Conditioners with Additional Features such as Antibacterial Coating, Dehumidifier, and Dust Filters and Air Conditioner with Sensor Technology
Market Growth Drivers:
The growing demand of smart air conditioners from household segments owing to rise in disposable income and change in lifestyles of people towards luxurious and innovative devices are some of the key factors driving the demand of the market. and Evolution of Monitoring Systems and Intelligent Technology
Challenges:
Huge Investment in Research and Development and Intense Competition among Industry Players
Restraints:
High Cost of the Product owing to Latest Technology and Features, Device Compatibility with Application Software’s and Installing a Smart Air Conditioner can be Difficult, Depending on the Unit Chosen
Opportunities:
Technological advancement in the electronic industry such as most smart ACs can work with either Alexa or Google Assistant, meaning you can control these air conditioners by voice, provided you have a smart speaker. and Purchasing Power in Developing Economies
Market Leaders and their expansionary development strategies
On November 26, 2018, Daikin Industries, Ltd., has reached an agreement for the acquisition of AHT Group, a leading company in the commercial refrigeration market in Europe.
On March 11, 2019, LG Electronics has announced the launch of 54 new AC models. The air conditioners come with LG’s Smart ThinQ technology, which allows the users to control and monitor AC at any time and from anywhere with an app.
Key Target Audience
Smart Air Conditioner Manufacturers, Raw Material Suppliers, Electronic Devices & Equipment Manufacturers, Traders/Distributors/Exporters/Importers and Industry Bodies & Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.