Smart
AC controllers are used to make any common air conditioner smart whether in
terms of convenience, efficiency or effectiveness. These smart AC controllers
are usually installed with those air conditioners which are operated by remote.
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.
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.
Market Segmentation
Our-in
depth analysis of the global smart AC controllers market includes the following
segments:
By
Distribution Channel
Direct
Sales
Distributors
E-business
By Region
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.
Key
Players
LG Electronics Inc., Samsung, Tado,
Sensibo, Thinkeco Inc., Keen, Ecovent, Flair Smart Vent, Geoclima
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.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more about this research, kindly visit: https://www.researchnester.com/reports/smart-ac-controllers-market-global-demand-analysis-opportunity-outlook-2024/400
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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