Global Smart Air Conditioning Industry
Air conditioning is a process of removing heat and moisture from space to provide thermal comfort and help keep the temperatures at suitable levels. Smart air conditioners refer to those systems that are connected to other devices mostly wirelessly and can be remotely operated. Systems built for smart air conditioning can also be controlled via a mobile application while they are connected to the Wi-Fi system and modern variants are smart speaker compatible too. Smart ACs are utilized in domestic, commercial, and industrial sectors.
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With the advancement in the technology used in smart ACs making them energy-efficient, there is expected to be an increased demand for smart air conditioning in all the sectors. Since this is a new technology in the market, the pricing policies, change in regulatory actions, and higher price as compared to standard air conditioners may affect the smart air conditioning market. The development of smart AC compatible devices, such as smartphones and smart speakers coupled with the rising adoption of smart homes in developed economies is another major market driver.
The market study of smart air conditioning market presented by the report is based on extensive primary and secondary research conducted by the research team. The aim of the secondary research conducted is to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. The report provides an in-depth analysis of the existing pricing policies, market size, and product specifications regarding the smart air conditioning market offerings. The competition landscape, market share, growth rate, and future trends are also presented.
Some of the key players operating in the global smart air conditioning market are Blue Star Ltd., Daikin Industries Ltd., Haier Electronics Group Co., Ltd., Ingersoll-Rand PLC, Johnson Controls – Hitachi Air Conditioning, LG Electronics Inc., Mitsubishi Electric Corporation, Samsung Electronics Co., Ltd., United Technologies Corporation, and Voltas Ltd., among others. In order to sustain in the competitive market, these players adopt various strategies such as merger and acquisitions, expansions, joint ventures, and product development. As an instance, to increase their market share in India, Samsung Electronics launched Wind-Free Room AC and System AC in February 2018. The AC has Wind-Free Cooling technology which provides cooler indoor climate and optimal energy efficiency. The price of the AC in India is ranging from $745 to $1,100.
The market analysts have segmented the global smart air conditioning market based on the type, refrigerant type, and end-user. By type, the market segments are split into air conditioner, window air conditioners, chillers, packaged air conditioners, and central air conditioning system. Smart split AC with other in-built features is expected to see significant growth in residential areas. The refrigerant-type segments are given as HCFC, HFC, HFO, and natural refrigerant. Government regulations on refrigerants have led to the development of energy-efficient and eco-friendly products. The conventional CFCs and HCFC variants are expected to be completely replaced by HFCs and other eco-friendlier alternatives, such as HFOs and natural refrigerants. The end-user market segments are residential, commercial, industrial and other such as healthcare facilities.
The major growth in the smart air conditioning market consumption comes from developing countries due to the increase in the disposable income of individuals and improved living standards. As regulatory policies vary from region to region, they must be taken into consideration before studying local smart air conditioning markets. The pricing policies also affect the market standings in price-sensitive markets such as India and China. The regions are classified as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region holds the largest market share and is also the fastest developing market in the global market. The demand for smart air conditioning is mainly driven by countries such as being driven by Japan, China, and India.
THE REPORT COVERS
• Comprehensive research methodology of global smart air conditioning market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global smart air conditioning market.
• Insights about market determinants which are stimulating the global smart air conditioning market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.
Table of Content
CHAPTER 1. Report Summary
CHAPTER 2. Market Overview and Insights
CHAPTER 3. Market Determinants
CHAPTER 4. Market Segmentation
CHAPTER 5. Competitive Landscape
CHAPTER 6. Regional Analysis
CHAPTER 7. Company Profiles
7.1. Ambi Labs.
7.2. Blue Star Ltd.
7.3. Daikin Industries Ltd.
7.4. Danfoss A/S
7.5. ETA General Pvt Ltd
7.6. Godrej Appliances Ltd.
7.7. Gree Electric Appliances Inc.
7.8. Haier Electronics Group Co., Ltd.
7.9. Indiegogo, Inc.
7.10. Ingersoll-Rand PLC
7.11. Johnson Controls – Hitachi Air Conditioning.
7.12. LG Electronics Inc.
7.13. Mitsubishi Electric Corp.
7.14. Nortek Environmental, Inc.
7.15. Panasonic Corporation
7.16. Premium Home Comfort Inc.
7.17. Robert Bosch GmbH
7.18. Samsung Electronics Co., Ltd.
7.19. Sharp Corp.
7.20. Toshiba Corp.
7.21. United Technologies Corp.
7.22. Voltas Ltd.
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