Global Smart Air Conditioning Market is valued approximately at USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2021-2027. Smart Air Conditioning offers intelligent features including easy operating modes, temperature points and smartphone access to achieve the desired environment. The global Smart Air Conditioning market is driven by increasing growth of smartphones market as it is necessary for operating intelligent features of smart air conditioners. According to Statista, the share of population using a smartphone has increased from 38% in 2018 to 46.5% in 2020 globally. The market growth is also expected to be driven by the introduction of new products. For instance, in December 2020, Nokia launched the Smart Air Conditioner in India equipped with self-cleaning technology. Also, in January 2020, Xiaomi launched a smart Air Conditioner in China in two variants, including 1 ton and 1.5 ton. However, presence of counterfeit products and high cost of product hampers the growth of the market over the forecast period of 2021-2027. Furthermore, rising demand for consumer electronic products, increasing smart home penetration, technological advancements, increasing adoption of artificial intelligence are expected to create opportunity for Smart Air Conditioning market growth over the forecast period.

The geographical analysis of the global Smart Air Conditioning market is studied for major regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the dominating region across the world in terms of market share owing to presence large tech-savvy consumer base, presence of high temperature regions, and increasing product launches in the region.

Major market player included in this report are:
Daikin Industries
LG Electronics
Haier
Mitsubishi Electric
Samsung Electronics Co., Ltd.
Videocon Industries Limited
Voltas Limited
Fujitsu General Limited
Blue star Limited
Friedrich Air Conditioning

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Component within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and System offerings of key players. The detailed segments and sub-segment of the market are explained below:

By System:
Temperature Control
Humidity Control
Ventilation Control
Integrated Control
By Component:
Sensors
Control Valves
Dampers
Controlled & Controlled Devices
Others
By Application:
Residential Buildings
Industrial Buildings
Commercial Buildings
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Smart Air Conditioning Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors



Companies Mentioned

Daikin Industries
LG Electronics
Haier
Mitsubishi Electric
Samsung Electronics Co., Ltd.
Videocon Industries Limited
Voltas Limited
Fujitsu General Limited
Blue star Limited
Friedrich Air Conditioning