Smart AC controllers allow the owner to control AC either from inside or somewhere outside by using smartphones, remotes or through internet. Rising concerns about convenience among consumers are driving the need for smart ac controllers. Further, major players such as LG Electronics and PG&E are developing smart AC controllers which are anticipated to offer more convenience to consumers and to make the normal air conditioner more efficient in terms of operating cost.
Market Size & Forecast
Global smart AC controllers market is anticipated to witness a robust growth over the forecast period 2017-2024. Rising growth of global air conditioning market is expected to propel the demand for smart AC controllers globally over the forecast period. In terms of region, global smart AC controllers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia-Pacific emerges as leading region in global smart AC device market due to the rising population density and increasing disposable income of the consumers. Further, heavy adoption of air conditioner in Asia Pacific region is expected to escalate the demand for smart AC controllers in this region over the forecast period.
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Apart from this, North America region is the second leading market for smart AC controllers and is projected to witness a remarkable growth of smart device market over the forecast period owing to the factors such as consumers preference of living in controlled weather coupled with high adoption rate of modern technologies in this region. In addition to this, the Europe is expected to witness a satisfactory growth over the forecast period due to economic growth of countries of Europe region.
Our-in depth analysis of the global smart AC controllers market includes the following segments:
By Distribution Channel
Global smart AC controllers market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Global smart AC controllers market is driven by various factors such as rising disposable income of consumers and their inclination towards luxurious life style. Smart AC device offers various features such as smartphone control and remote-free operation. Such factors are driving the growth of global smart AC controllers market. In addition to this, smart AC controllers can control the weather system of air conditioner and reduce electricity consumption rate of the air conditioner. These factors are likely to drive the growth of global smart AC controllers market. Apart from this, rising adoption of air conditioner across the globe is a major driver which is expected to escalate the demand for smart AC controllers over the forecast period.
In North America, consumers are used to live in controlled weather and their rising inclination towards the smart AC controllers is anticipated to drive the growth of global smart AC controllers market over the forecast period. Moreover, leading players such LG and Samsung are increasing investment for technological advancement of smart AC controllers. Rapidly changing climate conditions all over the globe is also a major factor driving the growth of global smart AC controller market. However, high cost of smart AC controllers is major challenge which is likely to hinder the growth of global smart ac controllers market.
LG Electronics Inc., Samsung, Tado, Sensibo, Thinkeco Inc., Keen, Ecovent, Flair Smart Vent, Geoclima
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This report also provides the existing competitive scenario of some of the key players of the global smart AC controllers market which includes company profiling of LG Electronics Inc., Samsung Corp., Tado GmBh, Sensibo Company, Thinkeco Inc., Keen Home Inc., Ecovent System Inc., Flair Smart Vent, Geoclima S.R.L. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart AC controllers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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