The global smart connected air conditioner market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient products and rising awareness about the benefits of smart air conditioners. The increasing adoption of these devices in residential and commercial buildings is also driving the growth of this market. The global smart connected air conditioner market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into smart split air conditioner, smart portable air conditioner, and smart window air conditioner. On the basis of application, it is segmented into specialty retailers and departmental stores. Geographically, it covers North America (US, Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) Middle East & Africa (Saudi Arabia).
Some Of The Growth Factors Of This Market:
- Increasing demand for energy efficient products and increasing awareness about the benefits of smart air conditioners are some of the factors driving the growth of this market.
- The high cost associated with installation and maintenance is one of the major challenges faced by this market, which can be overcome by reducing costs through technological advancements in this field.
- Increasing demand for air conditioners in emerging economies such as China, India, Brazil, and Mexico is also driving growth in this market.
- The lack of awareness about smart air conditioners among consumers is another challenge faced by this market.
Industry Growth Insights published a new data on “Smart Connected Air Conditioner Market”. The research report is titled “Smart Connected Air Conditioner Market research by Types (Smart Split Air Conditioner, Smart Portable Air Conditioner, Smart Window Air Conditioner, Other), By Applications (Specialty Retailers, Departmental Stores, Other), By Players/Companies Daikin Industries, Electrolux, Samsung Electric, LG Electronics, Haier, Mitsubishi Electric, Fujitsu General, Videocon, Voltas, Blue Star, Friedrich Air Conditioning”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Connected Air Conditioner Market Research Report
By Type
Smart Split Air Conditioner, Smart Portable Air Conditioner, Smart Window Air Conditioner, Other
By Application
Specialty Retailers, Departmental Stores, Other
By Companies
Daikin Industries, Electrolux, Samsung Electric, LG Electronics, Haier, Mitsubishi Electric, Fujitsu General, Videocon, Voltas, Blue Star, Friedrich Air Conditioning
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Smart Connected Air Conditioner Market Report Segments:
The global Smart Connected Air Conditioner market is segmented on the basis of:
Types
Smart Split Air Conditioner, Smart Portable Air Conditioner, Smart Window Air Conditioner, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Specialty Retailers, Departmental Stores, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daikin Industries
- Electrolux
- Samsung Electric
- LG Electronics
- Haier
- Mitsubishi Electric
- Fujitsu General
- Videocon
- Voltas
- Blue Star
- Friedrich Air Conditioning
Highlights of The Smart Connected Air Conditioner Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart Split Air Conditioner
- Smart Portable Air Conditioner
- Smart Window Air Conditioner
- Other
- By Application:
- Specialty Retailers
- Departmental Stores
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Connected Air Conditioner Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Connected Air Conditioner is an air conditioner that has been specifically designed to connect with the internet and other devices. This allows you to control the air conditioning from a remote location, monitor your energy usage, and receive notifications when there is a problem.
Some of the key players operating in the smart connected air conditioner market are Daikin Industries, Electrolux, Samsung Electric, LG Electronics, Haier, Mitsubishi Electric, Fujitsu General, Videocon, Voltas, Blue Star, Friedrich Air Conditioning.
The smart connected air conditioner market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Connected Air Conditioner Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Connected Air Conditioner Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Connected Air Conditioner Market - Supply Chain
4.5. Global Smart Connected Air Conditioner Market Forecast
4.5.1. Smart Connected Air Conditioner Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Connected Air Conditioner Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Connected Air Conditioner Market Absolute $ Opportunity
5. Global Smart Connected Air Conditioner Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Connected Air Conditioner Market Size and Volume Forecast by Type
5.3.1. Smart Split Air Conditioner
5.3.2. Smart Portable Air Conditioner
5.3.3. Smart Window Air Conditioner
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Connected Air Conditioner Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Connected Air Conditioner Market Size and Volume Forecast by Application
6.3.1. Specialty Retailers
6.3.2. Departmental Stores
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Connected Air Conditioner Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Connected Air Conditioner Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Connected Air Conditioner Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Connected Air Conditioner Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Connected Air Conditioner Demand Share Forecast, 2019-2026
9. North America Smart Connected Air Conditioner Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Connected Air Conditioner Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Connected Air Conditioner Market Size and Volume Forecast by Application
9.4.1. Specialty Retailers
9.4.2. Departmental Stores
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Connected Air Conditioner Market Size and Volume Forecast by Type
9.7.1. Smart Split Air Conditioner
9.7.2. Smart Portable Air Conditioner
9.7.3. Smart Window Air Conditioner
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Connected Air Conditioner Demand Share Forecast, 2019-2026
10. Latin America Smart Connected Air Conditioner Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Connected Air Conditioner Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Connected Air Conditioner Market Size and Volume Forecast by Application
10.4.1. Specialty Retailers
10.4.2. Departmental Stores
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Connected Air Conditioner Market Size and Volume Forecast by Type
10.7.1. Smart Split Air Conditioner
10.7.2. Smart Portable Air Conditioner
10.7.3. Smart Window Air Conditioner
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Connected Air Conditioner Demand Share Forecast, 2019-2026
11. Europe Smart Connected Air Conditioner Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Connected Air Conditioner Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Connected Air Conditioner Market Size and Volume Forecast by Application
11.4.1. Specialty Retailers
11.4.2. Departmental Stores
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Connected Air Conditioner Market Size and Volume Forecast by Type
11.7.1. Smart Split Air Conditioner
11.7.2. Smart Portable AirConditioner
11.7.3. Smart Window Air Conditioner
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Connected Air Conditioner Demand Share, 2019-2026
12. Asia Pacific Smart Connected Air Conditioner Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Connected Air Conditioner Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Connected Air Conditioner Market Size and Volume Forecast by Application
12.4.1. Specialty Retailers
12.4.2. Departmental Stores
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Connected Air Conditioner Market Size and Volume Forecast by Type
12.7.1. Smart Split Air Conditioner
12.7.2. Smart Portable Air Conditioner
12.7.3. Smart Window Air Conditioner
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Connected Air Conditioner Demand Share, 2019-2026
13. Middle East & Africa Smart Connected Air Conditioner Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Connected Air Conditioner Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Connected Air Conditioner Market Size and Volume Forecast by Application
13.4.1. Specialty Retailers
13.4.2. Departmental Stores
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Connected Air Conditioner Market Size and Volume Forecast by Type
13.7.1. Smart Split Air Conditioner
13.7.2. Smart Portable Air Conditioner
13.7.3. Smart Window Air Conditioner
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Connected Air Conditioner Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Connected Air Conditioner Market: Market Share Analysis
14.2. Smart Connected Air Conditioner Distributors and Customers
14.3. Smart Connected Air Conditioner Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daikin Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Electrolux
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Samsung Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LG Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Haier
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fujitsu General
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Videocon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Voltas
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Blue Star
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Friedrich Air Conditioning
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook