Smart Air Conditioner Market Introduction
Smart air conditioner or connected air conditioner has become very popular in the last few years. Further, increased demand for connected home appliances has been observed across the globe owing to rise in popularity of Internet of Things among end-users. This has encouraged key players to introduce enhanced smart cooling systems such as smart air conditioner which can be connected to a local network Wi-Fi or cloud and controlled via a mobile device.
Emerging trend of connected home is boosting the growth of the smart air conditioner market. Additionally, the rise in demand for environment-friendly and energy efficient products is likely to impact the growth of the market positively in coming years. However, the reliability on Internet connection especially in emerging markets—where connectivity is low—is acting as a roadblock for the adoption of the smart air conditioner.
The global smart air conditioner market has been segmented into product type, distribution channel, price range, and end user. The smart air conditioner market has been segment based on product type into rooftop, chillers, split air conditioner, and others. Based on distribution channel, the global smart air conditioner market is bifurcated into online retail stores, company owned stores, and multi-brand stores. By price range, the global smart air conditioner market is classified into premium-priced, mid-priced, and low-priced. End user into individual user and corporate user.
The global smart air conditioner market study covers major geographies such as North America, Latin America, Asia Pacific, Western Europe, Eastern Europe, and Middle East & Africa. North America and Asia Pacific are the major regional markets that constitute a significant share of the overall smart air conditioner market. Introduction of smart cities projects across worldwide is anticipated to accelerate the adoption of smart air conditioners. Other regions such as Latin America and Africa are projected to create new opportunities for major vendors in near future.
Smart Air Conditioner Market Competitive Landscape
Prominent players are focused towards incorporating advanced connectivity features in smart conditioners to allow end users to connect to the unit via smartphone. Moreover, smart ACs are enriched with voice command feature that enables users to control AC with their voice. Major players identified in the global air conditioner market are LG Electronics, Frigidaire, AirPatrol Co., Samsung Electronics Co., Ltd., Haier Group, and General Electric among others.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on smart air conditioner market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.